Fine Wine dips again in February

The Liv-ex Fine Wine 100’s disappointing performance continued in the second month of the year, closing down 0.7% on its January finish but it wasn’t a bad month for 2009 Bordeaux.

The leading index ran flat in January but took a downturn in February to mark a fifth consecutive month without a positive performance.

However, it was a bright month for Bordeaux, especially the 2009 vintage which has received a great deal of attention recently as it hits its first decade.

The 2009 Haut-Bailly in particular, which received 100-points from Robert Parker in one of his last lead tastings for The Wine Advocate, saw its price shoot up 14% to almost £2,000 a case.

Another 100-pointer, Smith Haut-Lafitte also went up though by a rather more modest 4%.

La Mission Haut-Brion’s 2009 rose as well as did Léoville Poyferré’s 2010 vintage while Penfolds 2008 Grange also performed well last month.

Going down meanwhile it was a bad month for vintages ending in ‘5’. Apart from Masseto’s 2014 vintage which slipped down 4.3%, the worst fallers in descending order comprised: Clos des Pape’s 2015 Chateauneuf du Pape; Mouton Rothschild’s 2005; Domaine Ponsot’s 2015 Clos de la Roche and Armand Rousseau’s 2015 Chambertin.

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