Bordeaux 2013 has begun to arrive in cellars and warehouses. The market has recently shown an appetite for strong Bordeaux brands at relatively low price points, regardless of quality: Liv-ex reported that Lafite Rothschild 2012 (RP 91) – the cheapest physical Lafite on the market – has been seeing demand, while the second wines of the First Growths have also been back in focus. If prices for 2013 are compelling compared to vintages already in the market, it will offer further opportunities for buyers looking for accessible entry points to their favourite brands.
In the table below, the current market prices of a selection of 2013 wines are compared to their respective 2011 and 2012s. The highlighted prices denote the cheapest of the three vintages.
Of the fourteen wines above, 2013 is the cheapest in ten instances. Haut Brion 2013 offers the greatest discount on its next cheapest recent physical vintage, available at 20.8% below the 2011. Fellow First Growths Lafite Rothschild and Mouton Rothschild 2013 also fare well, priced 17.5% and 12.1% below their next cheapest vintages.
Buyers seeking relative value in wines with some bottle age might look towards labels such as Pontet Canet 2011 and Cos d’Estournel 2011. These have already been lying in cellars for close to two years and are available at discounts to both the 2012 and 2013s.