The last few days have seen a flurry of Bordeaux 2012 releases, including First Growths Lafite Rothschild and Mouton Rothschild. A selection of the key releases is shown below. (For full coverage of this year’s En Primeur campaign, visit the Liv-ex Bordeaux 2012 pages.)
Many of the big names are yet to release, but there has been little activity on the secondary market for those that have. Despite a reduction on last year’s prices, trade on Liv-ex has been limited to just four Bordeaux 2012s: L’Evangile, Duhart Milon, Lafite and Mouton – with only the latter two trading above release price.
The chateaux’s drop in price should of course be applauded. Yet this has failed to ignite the market. Is the collector waiting for affirmation from Parker, or is the price simply still too steep?