Lafite index showing signs of growth

Liv-ex’s Lafite Indices are climbing once again after months of poor performances.

1982-Chateau-Lafite-RothschildThe index for the first growth has risen 6% on the year to date and the index for the “on” vintages (2000, 2003, 2005 and 2009) shows that the estate is back to its August 2012 levels again.

On the other hand, rather unsurprisingly though little reported, the “off” vintages (01, 02, 04, 06, 07 and 08) continued to move upwards and are now around 10 points above their sister wines.

This interest in off vintages reached a particular peak in December last year, as already reported by the drinks business.

This disparity in performance was down to the sheer demand placed on the more famous vintages which forced prices up and in turn forced buyers – particularly Chinese keen to have Lafite regardless of vintage – to the more affordable “off” vintages.

In October last year, John Kapon, CEO of Acker Merrall & Conditt, announced that the Lafite bubble had burst.

If the Lafite indices are compared since November 2012 then the gap is narrowed considerably – with the off vintages ever so slightly above the “on”.

However, as Liv-ex concluded, the fact that the two graphs show greater correlation now, that would suggest, “that Lafite is attracting broad market interest again.”

The news that Lafite is back on the move is indicative of a wider stirring in the fine wine world.

Liv-ex also reported recently that its Liv-ex 50 Index (which tracks the performance of the 10 most recent vintages of the first growths) has risen over 10% in four months since its nadir in November last year.

Interestingly enough, it was the “off” vintages of Mouton Rothschild and Haut Brion that were among the leading wines on the index, the 2006 Mouton and 2004 Haut-Brion rising 16.2% and 9.1% respectively.

The news adds further credence to views already covered in the drinks business that 2013 would be the year Bordeaux bounced back.

The first growths led the price surge in the Fine Wine 100 earlier this year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Content Manager (Maverick Drinks)

ATOM Supplies
London, UK

Graphic Designer (NPD)

ATOM Supplies
Tunbridge Wells, UK

Press Officer

Speciality Drinks
London, UK

UK Private Clients Manager

Ditton Wine Traders
London, UK

London Business Development Manager

Maisons Marques et Domaines UK Ltd

Head of Buying - Spirits

Enotria&Coe
West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Bruichladdich
Islay, UK

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 2018

Prowein 2018

Dusseldorf,Germany
18th Mar 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more