In our August Market Report we took a close look at the astonishing performance of Lafite Rothschild over the last year. As we wrote in the report, "no other wine has recovered from the price slump of last autumn so quickly and completely".
To quantify this price growth we created a Liv-ex Lafite Index of recent vintages (2000 to 2006) of both Lafite Rothschild and Carruades de Lafite (see the report for full details). As you can see in the graph below, the index has performed significantly better than any of the main Liv-ex indices, finishing July almost 140 points (or 60%) higher than the Liv-ex 100 Fine Wine Index. At the end of July The Liv-ex Lafite Index was just 4.4% off its all time high.
Since the beginning of August, however, the story has continued to develop. The 2000 vintage traded for £11,650 earlier this week, almost £1,000 higher than it did at the height of the market last summer. Its two year trading history is below.
The 2001, 2002 and 2004 vintages also broke into new territory this month, all trading above £3,000 for the first time. The Liv-ex Lafite Index looks certain to move back into positive territory by month end. Lafite has woken up the bulls.