In December, Liv-ex highlighted the demand for Lafite Rothschild, 2012. Since becoming physical, the wine has seen high levels of trading activity on the market. In spite of this, at the time of our last report prices for the wine were running almost completely flat – barely moving from a trade price of £3,000 per 12×75. With the 2012 the cheapest physical Lafite Rothschild on the market, it seemed that buyers were looking for the lowest entry point to the label.
Demand ran high through January, with the approach of Chinese New Year pushing prices up. The wine last traded for £3,200, a 7% increase on December 2015.
Whether this is a temporary Chinese New Year effect or something bigger is too early to tell. With the price of the 2012 now reaching the same level as the 2011, and the 2013 – very recently physical – hitting the market at £2,950 per 12×75, will price-driven buyers begin to turn their heads towards this younger, cheaper vintage instead?
You can view historic market data for Lafite Rothschild vintages by clicking here.
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