Now that all of the 2011s have been released, we can announce that we have a winner of our annual Liv-ex En Primeur Survey Competition. In April, we challenged our trading members – over 400 of the world’s largest buyers and sellers of fine wine – to predict the 2011 release prices of a basket of some of Bordeaux's biggest wines (shown in the table below).
On average, survey respondents predicted that our basket would cost €2,212 ex-Bordeaux. In reality, the final cost amounted to €1,972 - 42% lower than their 2010 equivalents.
The competition was very tight, and several came close. Congratulations to the winner - a salesman at a UK-based merchant - of our magnum of Zilliken Saarburger Rausch Riesling Auslese Goldkap 1990, who was out by €2.
The table below summarises this year's results. (Prices are in euros per bottle, ex-negociant.)