As we enter the tenth year since the 2006 vintage, Liv-ex will be examining the performance of the wines in a series of short blog posts. These posts will examine price variations – the highest and lowest Market Prices against the current and release prices – for wines within the Bordeaux 500 Index, starting with the First Growths.
Overall, 34 of the 50 wines from 2006 within the index have gained or held value since release. The average price change since release is +5.5%. The wines of the Second Wines 50 index have increased the most on average, and the three top performing wines come from this sub-index. The wines of the Sauternes 50 have lagged the most. Carruades Lafite is the biggest climber; Yquem has fallen the most.
Four of the 50 wines are currently at their highest ever price; two are at their lowest. The wines are 34.3% below peak on average in Sterling terms.
The First Growths
The chart below shows price variations for the five Bordeaux First Growths from the 2006 vintage since En Primeur release. Lafite’s Market Price has varied the most over time: it climbed from £3,000 in December 2008 to £8,550 in March 2011, just ahead of the market’s peak. Its current market price – still the highest of these wines – has fallen to £4,600 since, but remains 43.8% above release.
At the other end of the scale, buyers seeking relative value might look towards Haut Brion 2006. It is currently available at 13.6% below its En Primeur release price. Despite being among the higher scorers, its current market price is the lowest of the five – and is just 4.8% above its all-time low.
For analysis on the remaining wines of the Bordeaux 500, check back over the next week.
You can see historic price information for the wines mentioned on Cellar Watch, by clicking below:
Cellar Watch subscribers can track the value of these wines by adding them to a cellar. To subscribe to Cellar Watch, please click here.