Fine Wine 100 in free fall

2nd April, 2014 by Rupert Millar

Liv-ex’s Fine Wine 100 index has fallen for the 12th consecutive month in March, an “unprecedented” milestone, while Pontet-Canet’s 2009 and 2010 vintages came “under fire”.

xl_Felix_Baumgartner_freefall_The index, which charts the 100 top performing labels in the fine wine world, dipped 1.46% in March having suffered dips every month for a year, which Liv-ex called, “an unprecedented number of consecutive falls in the index’s history,” on its blog.

If this trend continues, the index will be back to levels last seen in late 2009.

Echoing the strong performance in the Fine wine 1000, the month’s top performing wine was Ornellaia’s 2009 which went up 8.5% to £1,160 a case.

Following close behind with a 6.2% lift to £1,025 a case was Léoville Poyferré 2003, which, as Liv-ex pointed out, is the cheapest Bordeaux wine on the entire index.

Haut-Brion 2010, Armand Rousseau’s 2009 Clos St Jacques and 2001 Pétrus were also leading labels in March.

The biggest fallers were Haut-Brion 2008, Lafite 2008, Pontet-Canet’s 2009 and 2010 and Yquem 2007 led the drop down 10.7%.

The fall of the first growth 2008s and Yquem is not surprising. Having been one of the buyers’ favourite vintages a few years ago, Liv-ex recently pointed out that 2008 has become one of the worst performers of late and the fall of Haut-Brion and Lafite’s offerings is testament to that.

By the same measure, all of Yquem’s vintages post 2005 have been underperforming as prices have jumped dramatically and become more expensive than older wines.

But to see Pontet-Canet with two entries in the month’s worst performers is surprising.

In January the 2009 was one of the best performers and went up 5.2% to £1,525 a case, while the 2010 rose 4.2% in February to hit £1,406 a case.

However, March has seen all gains erased as the 2009 dropped 6.6% to £1,452 a case and the 2010 slumped a huge 9% to £1,280.

Liv-ex pondered if this had anything to do with the château’s decision to release, not only early, but at the same price as the 2012s.

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Your email address will not be published.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.

Subscribe to our newsletters

New Business Development Manager Nordic

Concha Y Toro
Stockholm, Sweden

Experienced Administrator

The Drinks Business
Central London, UK

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more