Pavie and Angélus buoyed by upgrade26th September, 2013 by Rupert Millar
Both Angélus and Pavie are showing signs of increased attention from buyers following their recent reclassification to Grand Cru Classé A status.
Liv-ex has noted that since the two Right Bank estates were upgraded a year ago, both have seen, “solid activity on the secondary market, and substantial price moves across all recent vintages.”
Angélus has had reasonably more success than Pavie. The accumulated price increase across the 2000-2009 vintages for Hubert de Boüard’s property is 37%, while for Pavie it is just 29%.
The average price for a case of Angélus in August of this year was £2,157 and for Pavie £2,134. Last year the average price was £1,585 and £1,646 respectively.
The biggest riser for Angélus has been its 2008 vintage which has risen from £1,145 a case in 2012 to £1,775 this year, while the 2001 has gone up 49% in the same period from £1,604 a case to £2,404.
Pavie has seen strong but more even rises, with the 2000 performing the best, up 35% from £3,390 to £4,575 a case in a year.
Liv-ex observed that both had done well “in a flat market”, but it is fully in-line with the recent evaluation of Bordeaux which showed that it was the Right Bank that has proved the most resilient index.
Nonetheless, both Saint Emilion estates are still some way off the average case prices of fellow A classé Cheval Blanc and Ausone who average £3,664 and £6,520 respectively.