After energetic price rises in January and February, the fine wine market paused for breath last week. Mounting global economic uncertainty, as well as expectations of an expensive Bordeaux 2010 campaign, may well have contributed to the slowdown in trade, which saw the Liv-ex Claret Chip Index move down 0.50 per cent to a close of 441.71. Amid softer demand, Haut Brion was the only First Growth to end the week in positive territory.
The chart below tracks the price growth of the Claret Chip's component brands since early 2004. Using this timeframe, Lafite has clearly outpaced the other Firsts, whilst Mouton has only recently won the battle for second place. And although Haut Brion has put in the strongest performance over the past six months, it is still some distance behind its peers in terms of price movement since 2004.