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Saturday 2 August 2014

Right Bank value continues to hold steady

6th December, 2012 by Rupert Millar

Liv-ex’s Right Bank 100 and Right Bank 50 posted increases for the fourth consecutive month in November.

As values of other Bordeaux high flyers continue to topple, the value of the top Right Bank wines has held remarkably well.

The Right Bank 50 is slightly down year-on-year but a 0.7% rise last month put it back in its strongest trading position since May.

On the other hand, the Right Bank 100 has seen year-on-year growth of 3.8% since November last year.

Liv-ex has previously noted that one area in which Right Bank wines have not done well in this year is at auction.

In October, when most Bordeaux wines went under the hammer for less than the Liv-ex Mid Price, it was the Right Bank wines that underperformed the most, especially in Hong Kong, Chicago and New York.

Funnily enough, in Hong Kong some of the best performers were from the Second Wines 50, especially Carruades 2009.

However, in value terms it is the second wines that have seen the greatest slump, falling drastically between April and July and then further, albeit at a steadier pace, through to November.

In the year to date the second wine index has seen an 18% fall, the highest of all the Bordeaux indices.

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