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Prices settle for Pavie and Angelus

By March 21, 2014Bordeaux, Regions

Pavie and Angelus

In early September 2012 the St Emilion reclassification saw Angelus and Pavie promoted to Premier Grand Cru Classe A.  The effect on both wines was instantaneous: by the end of the month prices had risen 8% and 7% respectively. As the Bordeaux market struggled to move, Angelus and Pavie prices kept climbing. Recently they have slowed.

Having risen 27% by May 2013 Pavie prices reached a plateau, and have since held steady. Angelus prices dropped sharply this year to touch an eleven month low. However, compare prices for the 2000-2010s side by side and both have reached an average of £2,200 per 12×75 (notably lower than the other two wines in the Classe A category). Although the price climbs seem to have stopped, the promotion has significantly boosted Angelus and Pavie in an uncertain market: over the same time period the Bordeaux 500 Index is flat. 

Pavie and Angelus_prices