Recent trading activity
Trade in the beginning of the week centred around Bordeaux, with its 2010 and 2012 vintages enjoying increased demand. Some of the most active labels were the First Growths Château Latour 2010 and Château Mouton Rothschild 2010.
Champagne also maintained a steady level of demand, with Dom Pérignon’s 2012, 2008 and 2013 vintages changing hands. Tuscan trade also increased and Tignanello 2019 was at the forefront of activity.
Finding value in Lynch Bages / Château Lynch Bages on the move
Château Lynch Bages has been a Bordeaux property on the move. The brand has enjoyed increased secondary market demand and rising prices in recent months. Trade by value for the estate has increased 77.5% over the last six months, compared to the previous trading period.
Over the last two years, Lynch Bages prices have risen 16.6% on average, compared to 14.5% for its parental Left Bank 200 index. Lynch Bages has also outperformed some fellow Fifth Growths, like Château Pontet Canet, which is up 15.9%.
Bordeaux wine critic Jane Anson named its 2014 vintage her wine of 2022. Since the announcement, the wine set new record highs, including a trade at £1,040 per 12×75 in January, up 80.9% on its release price.
Last week, three other Lynch Bages vintages set new trading records on Liv-ex: 2012, 2011 and 2002.
The 2012 changed hands at £1,050 per 12×75, an increase of 58.2% on its release price. The 2011 traded at a similar level (£1,053 per case), up 42.3% on release. The 2002, seen in the chart below, saw the most impressive returns when it traded at £1,100 per case, up 388.9%.
Lynch Bages 2002 trades on Liv-ex
While prices for Lynch Bages have been trending upwards, there are still opportunities to be had. Recent highly scored vintages like the 2019 and 2020 fall below the Fair Value line.
Other vintages that look attractive include the 2016 and the 2017; the latter being the most affordable across the last ten.
There are currently over 5,150 LIVE Bordeaux opportunities on your exchange, including 318 for Lynch Bages.
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.
