Modest gains for fine wine in September

Posted by Rachel England on 4 October 2016 |

The Liv-ex Fine Wine 100 Index gained 1.59% in September, marking the 10th consecutive month of rises.

The index is up 18% on the year-to-date and is at its highest point since April 2012.

All the month’s best and worst performing labels were from Bordeaux and Burgundy, categories which have largely been the driving force behind fine wine in recent times.

Two of the more ‘affordable’ 100-point clarets from the 2009 vintage, Smith Haut Lafitte and Haut Bailly saw the biggest rises last month, up 14.3% and 13.2% respectively.

The two wines are among 30 with 100-points from Robert Parker below £5,000 a case and are in fact both under £2,000; the Smith Haut Lafitte is now up to a mid-price of £1,879 and the Haut Bailly to £1,692.

Also up were Comte de Vogüé’s 2012 Vieilles Vignes Musigny, Armand Rousseau’s 2010 Chambertin and Petrus 2010.

Several Right Bank claret labels took a step backwards in September, including Pavie 2005, Cheval Blanc 2006 and Petrus 2009, which fell the furthest at 3.3%.

Domaine de la Romanée-Conti’s La Tâche 2012 dropped 2.8% while Latour’s 2010 saw a decline of 2.4%.

Related link:

https://www.thedrinksbusiness.com/2016/10/small-september-gains-for-fine-wine/

 

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