Close Menu

Releases continue but buyers flagging

Yesterday saw a rash of releases including Léoville-Barton, Grand Puy Lacoste, Lynch-Bages and Pichon-Longueville (Baron). Although trading was generally positive, there were signs that limits were being reached.

Smith Haut Lafitte caused the biggest stir of the day, releasing at €77 a bottle, a 48% increase on 2009 prices.

At €57 Grand Puy Lacoste was 20% up on ’09, Barton up 15% at €72, while Climens and Canon La Gaffelière stayed resolutely the same, registering no change on ’09 at all.

Liv-ex reported that due to their good scores and wider popularity, it was Barton and Grand Puy Lacoste that saw the most trading yesterday. Barton was trading at £790 a case but it was noted that “asking prices appeared to push the very limits of what the market was prepared to pay,” according to the Liv-ex blog.

Lynch-Bages was out at £648 for a six-pack, Pichon-Longueville (Baron) at £750 also for six and Montrose for €132 ex-négociant – representing respective rises of 39%, 47% and 22%.

By the evening, Lynch-Bages and Montrose were trading at about the same level as their 2009s – £1,250 and £1,500 a case.

Clos du Marquis at £420, Brane-Cantenac at £630 and Alter Ego de Palmer for £498 followed soon after.

Rupert Millar, 16.06.2011

It looks like you're in Asia, would you like to be redirected to the Drinks Business Asia edition?

Yes, take me to the Asia edition No