The market's recent eschewal of the First Growths has seen the prices of "great" vintages decline by an average of 21 per cent since June. But which vintages have fallen the hardest? The chart below shows the fortunes of the Firsts' 2000, 2003, 2005, and 2009 wines.
Demand for the 2009s was strengthened last year when Parker confirmed their superlative quality at Winefuture in Hong Kong. Amid a chorus of praise from the critics – and with their physical release fast approaching – the '09s have outperformed their counterparts. Lafite has been the poorest performer across all vintages. Although the brand's 2009 has fallen 32 per cent since June, the remaining '09 Firsts have lost just 13 per cent.
Excluding Lafite, the 2000 and 2005 vintages are down an average of 19 and 21 per cent respectively, while the 2003 vintage is down 26 per cent.