Ten years on: Left Bank 2008

As part of a series on Bordeaux 2008 ten years on, Liv-ex has examined the price variations of wines from the Left Bank 200 index, which tracks the price movements of 20 major Left Bank Chateaux. In early February, we also looked at the performance of the First Growths and their second wines.

In mid-February, Vinous published Neal Martin’s updated scores for Bordeaux 2008. As the chart shows, the majority of Martin’s scores are in the low nineties. Overall, he describes the vintage as “useful”. He explains: “they occupy what you might call a qualitative ‘upper middle ground’ that renders them attractive to consumers”, while not commanding the higher prices of vintages such as 2009 or 2010.

So how have the wines performed in terms of price? Beychevelle 2008 has risen the most, up 237% since release. The wine, which features a dragon boat on its label, has seen particularly strong demand from the brand-driven Asian market. Its 2008 rose steeply in the two years following En Primeur. Lynch Bages 2008 has also performed very strongly and is up 192%.

Duhart Milon 2008 – a member of the Lafite stable – saw the largest rise from En Primeur to peak (390%), also driven by demand from China. Since then it has fallen 48%.

Pape Clement 2008 has risen the least since release, up just 10%. The wine, however, has been climbing steadily for the past two years and is now just 6% off the peak level it achieved in November 2017.

Four wines are currently at peak levels: Palmer, Calon Segur, Smith Haut Lafitte and Pichon Lalande.

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