Today, Latour 2005 and Forts Latour 2011 have been released ex-Chateau. 3,000 cases of Latour 2005 are being offered at €670 per bottle ex-negociant, and at around £7,800 per 12×75 by merchants. As the chart above shows, this represents a premium of 14.7% on cases of the wine available in the secondary market.

This price also positions the release above the ‘fair value’ trend line, shown below, and places it above the 100-point Latour 2003.

Unlike many other First Growths, prices for Latour 2005 have stagnated over the past 12 months. It has increased by 4.2% compared to gains of 25% for the Fine Wine 50 index.

Still, anecdotal evidence suggests that merchants are confident the wines will sell through, despite the premium.

Forts Latour 2011 has been released at €140 per bottle ex-negociant, and is being offered by merchants at around £1,650 per 12×75. This represents a premium of 17.9% on the wine’s Market Price of £1,400.

Like many of the second wines, prices for Forts Latour 2011 have risen rapidly over the last year. It is up 29.6% since March 2016.

Last March, Latour 2000 and Forts Latour 2009 were released at premiums of 12.5% and 20.9% to their Market Prices respectively. In September, 3,000 cases of Latour 2007 were released at Market Price. Merchants reported strong demand for the release of the 2000, and some interest in – though lower sales for – the 2007.