LIVE Opportunities: The millennium clarets continue to rise
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CONTENT

The allure of Bordeaux’s 2000 vintage remains as strong as ever, with the most in-demand labels seeing their prices continue to rise over the past year.  

  • Trade by value in 2000 Bordeaux is already ahead of last year’s sales. 
  • Château Palmer 2000 traded at an all-time high yesterday (October 12th). 
  • The top-traded labels of 2000 are all up in value over the year-to-date.

For Bordeaux 2000 LIVE opportunities, click here.

*made using the Liv-ex charting tool.

Last month, Bonhams sold a Nebuchadnezzar of Château Mouton-Rothschild 2000 in Hong Kong for over HK$1 million – a new auction record. 

As detailed in an Insights post this summer, the 2000 Mouton is the estate’s best-performing vintage of the last two decades, having risen well over 1,000% in value since release. 

With a current Market Price of £19,750 (12×75), as can be seen from the chart above, the bottles adorned with the Augsburg Ram seem almost immune to exterior market forces. This is despite it only carrying a score of 90 (previously 89) from Neal Martin, who prefers the 2001. 

It is not just Mouton’s 2000 vintage, however, the vintage as a whole continues to hold great appeal and while not all prices are at their former peaks, they remain high. 

Year-to-date trade in 2000 Bordeaux

So far in 2021, trade by value in 2000 Bordeaux is already 45.6% ahead of where it was at the same point in 2020 and 21% higher than the whole of 2020. 

Volume trade in 2021, meanwhile, is 5% higher than it was by this point in the year in 2020 and just 10% behind 2020’s full year volume trade. 

The value trade can, at least in part, be explained by the rising price of the vintage’s most popular labels. 

New high for Château Palmer

 

Margaux third growth Château Palmer saw a new highest trade for its 2000 vintage only yesterday (October 12th) of £3,405 (12×75). Its average Market Price has declined a little this year, however. 

That said, for the five most-traded 2000 Bordeaux this year (see chart above), all have seen their price increase both year-to-date and over the past one year. 

 

Liv-ex analysis is drawn from the world’s most comprehensive database for fine wine. The data reflects the real time activity of Liv-ex’s 550+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £90m of bids and offers across 20,000 wine markets. Independent data, direct from the market.