Piers Morgan
Following the Daily Mail news that Piers Morgan (British TV presenter) was ‘gifted’ a £40,000 bottle of red wine, a large bottle format Petrus 2015, as well as another £8,000 1982 Petrus, we decided to investigate how the prominent Bordeaux chateau has performed on the secondary market.
Petrus ranked 8th in the Liv-ex 2018 Power 100 – the annual list of the most powerful brands in the fine wine world, produced in conjunction with the drinks business. The wine’s average trade price was £23,963 per 12×75. The 2019 Power 100 will be published in the magazine’s December issue. Stay tuned for the Liv-ex rankings.
As the chart below shows, the Petrus index – which tracks the price performance of the last ten physical vintages – has risen 353% since its launch in December 2003. It has closely mirrored but has outperformed the Bordeaux 500, which has gained 215% over the same period.
In the past year, Bordeaux prices have drifted. The Bordeaux 500 index has dipped 2.4% and Petrus has followed, down 2.3%.
The table below shows the year on year performance of some of the most recent Petrus vintages – the 2016 (100 JS, LPB; 99 JD, AG) emerges as the best performer, up 8%. The 1982 Petrus (RB 93, NM 97) given to Mr Morgan has a Market Price of £48,000 per 12×75, down a touch on last year, but still ranking it amongst the most expensive Bordeaux wines on the market.
Looking for more? Read our Spotlight on…Petrus that looks at the famous estate’s history and critical reception.
For Liv-ex members, your exchange currently has in excess of £1.5million of LIVE offers across 35 vintages of Petrus. If you are interested, contact your Account Manager, or simply go on-line to place your bid.
