Montrose in demand
“Super Second” Montrose has been the focus of strong demand on the Liv-ex index since the release of its 2010.
Physical vintages of the Saint Estèphe property from the 2000 vintage onwards have increased by an average of 34% in the year to date (YTD) with 2006 taking the lead.
The vintage reached £790 a case in July – a new high – and has gone up by 60% this year alone.
Other high risers include 2008, which has appreciated by 47% YTD and is now priced at £880 a case.
The 2005 is up 43% at £1,140 and 2004 – like 2006 another often-overlooked vintage – has also crept up by 33% to £600.
The rise of the 2006, while impressive, does still leave it some way behind the château’s 2010 offering, which is currently trading at around £1,435. The estate released its latest vintage at 22% above its 2009 offering.
The most expensive case from the estate is that of 2003, which has seen a 22% increase in the year to £1,705.
It is, however, the “worst” performing vintage of the physical releases.
Meanwhile, the indices edged a little lower in July with only the Fine Wine 500 closing on a positive figure.
It was up 294.17 last Friday (29 July), a 0.53% increase and has climbed 37 points overall since the start of the year.
The Fine Wine 100 finished the month on 359.01 (down 1.56%), the Fine Wine 50 on 434.53 (down 2.44%), the Claret Chip dipped 1.85% to 441.55 and the Investables Index was down 1.23% to close at 365.28.