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Summer 2017 Wine Market Report, Part 4: Bordeaux

In 2016, investors and collectors seemed to turn their attention more to Bordeaux's Super Seconds than the great First Growths, but in the first half of 2017, there was a surge of renewed interest in the latter category.  During that period, First Growth Bordeaux posted a 5.79% year-to-date advance over 2016, and a 2.31% climb over Q1 (by comparison, Second Growth Bordeaux rose by a marginal 1.75% over 2016 and 1.56% over Q1). Meanwhile in the futures market, the hype surrounding 2016 as a potentially classic vintage has caused the retail prices of that vintage to rise by an average of 13% over the 2015s, but here it is important to note how exaggerated that increase is in comparison to the overall indices of First and Second Growth Bordeaux.  As a general rule, we do not recommend gambling on en primeur campaigns, and instead endorse seeking out wines from recent vintages with proven track records of growth. The best recent vintages for investment purposes on the left bank include 2000, 2005, 2009, 2010, and 2015, while on the right bank, we recommend wines from 2005, 2008, 2009, and 2015.  Estate Wine Brokers currently offers a bevy of investment-grade Bordeaux, and highlights include Lafite Rothschild 2000 in OWCMouton Rothschild 2005 in OWCMouton Rothschild 2009, and Petrus 2009.