Last week Liv-ex looked at how the prices of various Left Bank wines have moved since release. Below, we examine those from the Right Bank 50 and Right Bank 100 indices.
There are significant variations in the way these wines have performed. Those lucky enough to have secured allocations of Le Pin or Petrus at En Primeur would have seen significant returns: they have risen by 162.1% and 73.8% respectively.
The other three wines from the Right Bank 50 are each available below their release prices. Ausone and Lafleur have fallen more than any other red 2007s in the Bordeaux 500 since release.
Angelus 2007 also stands out. Its release price of £995 per 12×75 was not significantly higher than the majority of other wines shown below. However, like other Angelus vintages, the wine has made major gains and is now strides ahead of its peer group. This is despite a mediocre score of 92 (RP).
Over the last ten years, few of the wines below have dipped far below their release prices. Pavie 2007, one exception, was available at discounts of up to 64% on release at various points, but has climbed considerably since.
Our final report, on Sauternes 2007, will be published this week.
Previous analysis on 2007 – ten years on:
As part of a series on Bordeaux 2007 ten years on, Liv-ex has examined the price variations of wines from the Left Bank 200 index, which tracks the price movements of 20 major Left Bank Chateaux.
The chart below shows how the wines’ current Market Prices compare to their highs, lows and En Primeur release prices. The majority are either currently at their highest ever levels or within 8% of it. Four – Palmer, Leoville Las Cases, Cos d’Estournel and Grand Puy Lacoste – are at peak.
Duhart Milon 2007 holds a number of records. It rose the most from release to peak (389.4%), has fallen the most since (42.6%) and yet is currently second furthest (180.9%) above its release price. Part of the Lafite stable, it might look more at home with the Second Wines which have performed in a similar way.
Beychevelle – another wine with a strong brand following in China – has risen the most since release, up 239.8%.
Only Mission Haut Brion and Pape Clement are available at discounts to their release prices, having fallen 25.6% and 6.0% respectively.
Not only have the wines performed strongly in terms of price, but there are signs from critics that they are also showing (surprisingly) well ten years on. In Decanter today, Jane Anson wrote that “the Cabernet Sauvignons did well when they were able to fully ripen, and there are many classic, even luscious, drinking clarets on the Left Bank”.