Lafite Rothschild releases cheapest vintage on the market, with 2014 price levels for the 2024
Château Lafite Rothschild has turned the clock back by releasing the 2024 vintage onto the market at the same price as its 2014 release price, making it the cheapest vintage Lafite currently on the market – a move echoed by Duhart-Milon and Branaire-Ducru.
The famed Paulliac estate saw the releases of the 2024 Lafite at €288 ex-negociant, being available for £3,426 per case of twelve to the London trade. This makes it “by far” the cheapest vintage on the market, according to Liv-ex, at a discount of around 20.3% on the 2013 vintage. The onwards selling price in London of £285 is down by around 30% on the 2023 release price, and 52% down on the 2022, according to Wine Lister. It is also around 14% less than the 2021 market price.
The estate, one of the most-traded brands on the secondary market, follows the example of Château Branaire-Ducru in St Julien, who on Friday launched its 2024 release as its cheapest vintage since 2013 (apart from the 2021 vintage), at €26.5 per bottle ex-negoce, available at £318 per case of twelve to the London trade. This marked a 17.6% discount on the 2023’s ex-London release of £386, according to Liv-ex.
Meanwhile Château Gruaud Larose, also in St Julien, released the 2024 vintage at the lowest level since 2013 today (Tuesday) at €43.2 per bottle ex-negociant, or £516 per case of 12 to the London trade – a 27.9% discount on the 2023’s opening price.
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The first week of the campaign offered few such concessions that the trade has been calling for. Paulliac fourth growth Château Duhart-Milon 2024 for example, also released the 2024 today (Tuesday 29 April) at €45.6 per bottle ex-negociant. It is available to the London trade at £552 per case of twelve, and although this represents a 19.2% decrease on the 2023’s opening price, a “significant drop”, Liv-ex pointed out that the chateau’s wines have not performed well post-release. The 2024 therefore does not offer the best value vintage on the market, as there are others that available at less cost and higher rated.
Château Chasse-Spleen, in Moulis-en-Medoc, was another estate whose 2024 is one of the more expensive vintages on the market. It released at €17.7 ex-negociant, or around £216 for a case of 12 to the London trade, a 13.6% decrease on last year and a further 14.7% the 2022 vintage, according to Liv-ex.
And Château Giraud, in the heart of the Sauternes, released its 2024 vintage at €38.5 per bottle, ex-negociant, or for £492 for a case of 12 in London, up from last £480 price.
Finally, Sauterne second growth Château Filhout released its wines at € 16.25 ex-negociant or £201 for a case of 12 to the London trade, flat on last year’s price and one of the most expensive vintages of the past 10 years.
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