Under-the-radar Lafites trading well

Although Lafite no longer commands the share of trade it used to there are vintages that are still attracting buyers’ interest.

Lafite ChateauLiv-ex noted on its blog that there are “pockets” of interest in Lafite, most notably the 1998 and 2011 vintages.

There has been a huge slackening off in Lafite trades since 2011 and especially this year where the weekly share of trade has fallen below 10% 11 times this year – more than in the whole of 2013.

The Lafite index level has dropped from nearly 800 at its peak to 400 in June this year, so the bubble has well and truly burst.

Nonetheless, there is still good trade in Lafite and, as with so much at the moment, it’s the wines that offer the best value and have good scores that are being picked up.

The 1998 has held steady for the last two years at £5,200 a case, it’s now up to £5,300, has a solid 98-points from Robert Parker and is entering a drinking window.

The 2011 meanwhile has the benefit of being the cheapest physical vintage on the market (23% below the next cheapest, the 2006,) and it has in fact accounted for 28% of all Lafite trading activity this month so far.

£3,500 a case, is that the base level that represents the best value for buyers of first growths?

Liv-ex said: “While Lafite does not look likely to regain the following that it had at the peak of the market, what these two vintages would suggest is that it has not fallen completely out of favour – and is, perhaps, starting to catch the eye of some.”

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Your email address will not be published.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.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Brand Manager - Key Wine Partners

MMI Dubai
Dubai - United Arab Emirates

Business Development Manager

Bashall Spirits
Lancashire, UK

Territory Manager - Edinburgh

Cadrona Distillery
Edinburgh, UK

Territory Manager - London​

Cadrona Distillery
London, UK

Business Development Manager

Lucozade Ribena Suntory
UK

Customer Marketing Manager

Bibendum
London NW1, UK

Export Assistant Co-ordinator - Maternity Cover

Speciality Drinks
Whitby Avenue, London NW10 7SF, UK

Customer Services Administrator - On Trade

Speciality Drinks
Whitby Avenue, London NW10 7SF, UK

Fruit Focus 2019

East Malling,United Kingdom
17th Jul 2019

International Bulk Wine and Spirits Show

San Francisco,USA
23rd Jul 2019

The Wine Show Chelsea 2019

London,United Kingdom
18th Oct 2019
Click to view more

The Global Riesling Masters 2018

View Results

Global Chardonnay Masters 2018

View Results

Click to view more