Last week, Haut Brion 1989 traded on the Exchange at £14,846 per 12×75, an all-time high. The wine – described by Robert Parker as one of the “greatest First Growths” he has ever tasted – is now above the level it traded at during the peak of the market in June 2011. It is one of six Haut Brion vintages awarded 100-points by Parker. In addition, the 2015 release has been awarded 98-100 points by Neal Martin.
The chart above compares the 1989 vintage with three younger ‘perfect’ Haut Brion vintages at various points since the market peak. As the chart shows, the 2005, 2009 and 2010 are all below their June 2011 levels but have increased over the past year.
The market has recently seen good activity for 100-point wines, with the current bout of Sterling weakness making higher-value wines more attractive to Euro and Dollar-based buyers. Haut Brion has traditionally offered First Growth value to buyers, making its 2005, 2009 and 2010 interesting prospects. They are perhaps even more compelling when one considers the level at which the 1989 is now trading.
A version of this article originally appeared in an email update for Liv-ex members earlier this week.