How far has the price of each wine in the Liv-ex Fine Wine 50 fallen since the market’s downturn? The chart below shows the percentage loss for 2000-2008 vintages, comparing its highest Liv-ex Mid Price with its Liv-ex Mid Price for October 2012.
All but three of the peak prices occurred during the period of December 2010–August 2011 (the exceptions were Haut Brion, Latour and Margaux 2005, which saw their peaks in June 2008). Over 80% occurred from February 2011–June 2011, when the market had rocketed skywards.
The difference between the wines’ highest and current prices is striking. The majority have seen drops of over 30% in value, with only Mouton Rothschild 2000 showing an individual price drop of less than 20%. Lafite has the greatest differences, with an average 40.6% drop between its most expensive and current prices. Latour has seen the smallest change, but its vintages are still on average 30.2% cheaper than they were just a year and a half ago. The average drop across the board from peak Mid Price to now is 33.9%.
This may not bring cheer to those who purchased Lafite Rothschild 2003 (LWIN 10118722003) in February 2011, or Mouton Rothschild 2008 (LWIN 10135442008) in June 2011. Nevertheless, it shows the relative bargains that are currently available on Liv-ex for our trading members. In December 2010, for example, the Liv-ex Mid Price for Lafite Rothschild 2006 (LWIN 10118722006) was £8,465 per 12x75 – it traded a few days ago on Liv-ex for £5,155.