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Finding value in Figeac following its promotion

Recent trading activity

Mid-week activity continued to focus on top Bordeaux vintages (43.7%), while also seeing rising Italian trade (11.0%). Tuscany’s trade share (7.2%) was led by Tignanello, Sassicaia, Masseto and its second wine Massetino.

The most traded wines all came from the 2019 vintage: the First Growths Château Mouton Rothschild and Château Lafite Rothschild and the Super Tuscan Tignanello.

Champagne (7.8%) and California (3.0%) experienced small declines in demand compared to the beginning of the week, while Burgundy’s share went up, accounting for 25.6% of the market.

Figeac vintages offering value

It has now been just over a month since Château Figeac was promoted to Premier Grand Cru Classé ‘A’ in the 2022 revision of the Saint-Émilion classification.

The promotion affected its secondary market performance, leading to heightened demand and rising prices. From being the tenth most-traded Bordeaux wine so far this year, Figeac jumped to the fourth spot in the last month.

Since then, many of its vintages have broken previous pricing records, including the 2008, 2009, 2013, 2014 and the more recent 2019 and 2020. Of these wines, the 2008 has been the best price performer, with its value up 263.6% since release.

With rising prices, one might wonder which Figeac vintages still offer value for money.

As the chart above shows, prices for Figeac are strongly correlated (86%) to Benchmark Critic scores. At £1,560 per case and with 95-points from Neal Martin (Vinous), the 2014 remains one of the best value opportunities, although its price has risen 171.3% since release.

Buyers might also find the 2016 attractive. It is one of the highest-scoring Figeac vintages, along with the more expensive 2010 and 2019. Most recently, at the blind 2020 Southwold tasting, Martin scored it 98+ points, calling it ‘a seriously fine proposition’. Back in 2018, the critic had awarded it a perfect 100-points. At the time he wrote: ‘Faye believes it is the best Figeac he has ever made. He is correct.’.

Opportunities to buy Figeac

There are currently over 5,190 LIVE opportunities across Bordeaux, with many of them for Figeac’s top vintages.

Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.

Independent data, direct from the market.