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Super seconds and their seconds

By November 28, 2016Fine Wine Market

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In October Liv-ex looked at the relationship between the prices of First Growths and their second wines, noting that it is currently possible to buy 3.3 bottles of second wines for every first (on average). This number has decreased in the last decade as brand buying has pushed the prices for second wines higher.

Beyond the Premier Crus, the price ratio between first and second wines of estates is slightly higher. It is possible to buy 4.3 bottles of the Echo de Lynch Bages and Le Petit Lion (Leoville Las Cases) for each bottle of their respective first wine, as the chart above shows.

The second wines of Cos d’Estournel and Pichon Lalande are more expensive relative to their firsts with ratios of 3.4 and 3.3 respectively. Of the second wines shown, Padogas Cos has the highest average Market Price of £350 per 12×75.

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