Lafite’s premium narrows further

Lafite’s premium over its fellow first growths is narrowing as poor performing vintages start to make their way into its Liv-ex sub-index.

lafiteThe fine wine market place reported on its blog that since hitting its peak in 2011 with the release of the 2008 vintage, Lafite’s lead over the other first growths has tumbled from 129% to just 44% – a price movement noted at the end of last year.

Liv-ex pointed out that one reason for this decline was the changing of vintages used to measure the estate’s performance.

Only the 10 most recent physical vintages are used to chart progress and recently, the rather better performing 2000 vintage dropped out to make way for the 2010, which like the 2009 trades for less than Latour having plummeted in value since the en primeurs.

Older Lafite vintages are keeping the estate substantially above the other firsts at the moment, even the 2001 has a premium of 68% over its equivalents from Mouton, Margaux, Haut-Brion and Latour.

On the other hand that vintage is also soon to leave the sub-index to be replaced by the 2011 which has a premium of just 22% above the other firsts.

As these more recent, under-performing vintages increasingly find their way onto the index then the premium will continue to narrow.

But how far? Liv-ex asks whether, “at some point”, it will shrink to its level 10 years ago of just 5% and one can perhaps speculate if, at that point, one of the other firsts might be in a position to supersede it?

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Your email address will not be published.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

Retail Manager

Friarwood Fine Wines
SW London, UK

Assistant Manager

Seven Cellars
Brighton, UK

Key Account Manager

MMI Dubai
Dubai, UAE

Head of Supply Chain

Lanson International UK Ltd
London W1, UK

National Account Executive

Home Based working in Central Belt. Glasgow/Edinburgh, UK

Global Brand Manager - Ableforth’s (Bathtub Gin etc)

ATOM Supplies
Tunbridge Wells, UK

Trade Sales Manager

Wine Source Group
Central London, UK

Prowein 2018

18th Mar 2018

The City Wine Show

London,United Kingdom
13th Apr 2018

Prosecco Springs

London,United Kingdom
26th Apr 2018
Click to view more

The Global Rosé Masters 2018

Deadline : 19th March 2018

The Prosecco Masters 2018

Deadline : 19th March 2018

Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more