None of this is to say that Petrus is immune to the market. The past year has seen prices fall across all vintages. In September 2020, the excellent 2009 vintage, for example, was available for £32,700, according to Liv-ex – down 1.3% from its 2019 price, with the 2010 down 2.3% to £33,200. The biggest drops are for recent vintages – led by the 2017, which has seen an 18.9% drop to £24,382.
The longer term trend is unquestionably positive though – Liv-ex’s Petrus index, which tracks price movements of the last 10 physical vintages, rose 37.4% over the five years 2013- 2018. It had outperformed the Liv-ex 100 and the Bordeaux 500, which were up 19.9% and 27% over the same period (see graph, below).
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