In his Bordeaux 2007 En Primeur report, Robert Parker predicted that “most consumers will probably love the style of the vintage’s top wines because they are so flattering, seductive, and fruit-forward”, adding that they “should age surprisingly well for 10-15 years”.
As we enter the tenth year since the vintage, there is some interest in how the wines have progressed. In a series of short blog posts, Liv-ex will examine how the prices of the wines have moved since release.
These posts will examine price variations – the highest and lowest Market Prices against the current and release prices – for wines within the Bordeaux 500 Index, starting with the First Growths.
At a glance
On average, the wines of Bordeaux 2007 are up 69% since release. Their performance has outpaced the broader market: since Spring 2008, the Bordeaux 500 index has increased by 41.9%.
The wines are 15.6% off their peak levels on average. Seven of the 50 examined are currently at their highest ever Market Price. These are Angelus, Cos d’Estournel, Grand Puy Lacoste, Le Pin, Palmer, Pavie and Vieux Chateau Certan.
Just one wine, Climens, is at a record low.
First Growths
The chart above shows how prices for the 2007 First Growths have varied since release. Lafite’s Market Price has varied the most over time. In April 2009 it hit a low of £1,900 per 12×75, but by July 2011 it had climbed to £8,200. Its current Market Price of £6,100 – still the highest of these wines – represents a 25.6% drop from peak.
Both Mouton Rothschild and Margaux are within 6% of their record Market Prices.
For analysis on the remaining wines of the Bordeaux 500 index, check back over the next week.
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