Lafite’s premium narrows further

16th June, 2014 by Rupert Millar

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Your email address will not be published.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

Job vacancies

PR Account Executive

Clementine Communications Ltd
Fulham, UK

PR Senior Account Manager

Clementine Communications Ltd
Fulham, London

Marketing Manager

Berkmann Wine Cellars
London, N7, UK

Brand Manager

Berkmann Wine Cellars
London, N7, UK

Sales Account Manager

Jascots Wine Merchants
London, UK

Marylebone Sales Manager

Philglas & Swiggot
Marylebone, London, UK

Area Sales Manager

Bon Coeur Fine Wines
North England, UK

Procurement Assistant – Wine

Adnams PLC
Southwold, UK

Account Manager Central London

Speciality Drinks Ltd
London, UK

Brand Ambassador

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Ltd
London, UK

Marketing Assistant

Hatch Mansfield
Ascot, Berkshire, UK

Marketing Manager

Bancroft Wines
London, UK

Regional Sales Manager – Scotland

Bancroft Wines
London, UK

The Global Sparkling Masters 2017

Deadline : 25th August 2017

The Global Malbec Masters 2017

Deadline : 25th August 2017

Global Chardonnay Masters 2017

Deadline : 1st September 2017

The Global Sauvignon Blanc Masters 2017

Deadline : 1st September 2017

Click to view more

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.

The Global Organic Masters 2017

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

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Click to view more