Pavie and Angélus prices settle
24th March, 2014 by Rupert Millar
After nearly a year and a half of continued increases, prices for Right Bank grand crus, Pavie and Angélus, have slowed.
Since their elevation to Grand Crus Classé A status in September 2012, prices for the two Saint Emilion properties have gone up by over 27% and were outperforming a struggling Bordeaux category.
Liv-ex reported on its blog that even as the market slowed in 2013 the appetite for the two wines didn’t abate helped no doubt, as Liv-ex proposed, by the promotion which “significantly boosted Angélus and Pavie in an uncertain market”.
In more recent months however Pavie has seen prices plateau and Angélus has seen a sharp drop in the beginning of this year to reach an 11 month low.
The cooling in ardour of buyers towards Angélus and Pavie and the subsequent fall in the pair’s prices is symptomatic of a wider slow down for the Right Bank.
Although it has been Bordeaux’s star performer for the last couple of years, it was recently noted that the Right Bank 100 index has fallen 4.1% recently – its first dip in 13 months.
Nonetheless, prices may have fallen but when compared to their fellow Saint Emilion grand crus, Pavie and Angélus still look like good buys when compared to Cheval Blanc and Ausone.
Pavie and Angélus have respective prices per case of £2,229 and £2,219 as opposed to Cheval Blanc’s £4,130 and Ausone’s £6,894.