Bordeaux: beyond the First Growths
Read more at http://www.blog.liv-ex.com/2015/11/bordeaux-beyond-the-first-growths.html
The headline numbers for Bordeaux have been negative now for several years. The Liv-ex 50 (First Growths) is down 40% since the market’s peak; the Bordeaux 500 is down 20%; the region’s market share has fallen from 95% to 74%.
However, as the chart above shows, Bordeaux price falls since the market’s peak have not been consistent across the board. Undeniably, the First Growths and their second wines have been hard hit. Top Sauternes – which despite high scores attracts limited interest on the secondary market – have also seen prices slide. But for the second, third, fourth and fifth growths within the other three sub-indices it is a different story. The Right Bank 100, for example, is up 9% since the broader market’s peak.
