Haut Brion may offer a lucrative fine wine investment opportunity

By: Veselin Valchev
Veselin Valchev
Veselin is a data scientist with extensive experience in commodities and natural resources within the FTSE 100. His data… read more.
on Sep 18, 2015
Updated: Apr 9, 2020

Examining the performance of Bordeaux’ First Growths, London-based fine wine investment platform Liv-ex recently noted that figures for Haut Brion may spell an upcoming bull run for the champion of Pessac.

Prices for the 10 most recent physical Haut Brion vintages have climbed 7.7 percent since the market bottomed out in July last year, outperforming all other First Growths, Liv-ex reported.
Significantly, Haut Brion commanded the joint-highest average Wine Advocate score across the observed vintages with 96.4, same as Latour. However, while Latour also has the highest average price, Haut Brion sported the lowest prices among all the First Growths, giving the estate’s wines the highest value as indicated by Liv-ex’ POP (price-over-[score]points) gauge.

In terms of individual wines, Haut Brion accounted for half of the 10 most valuable wines, according to Liv-ex’ POP. This encompasses four out of the top five, including the top spot for its 2012 vintage (98 score, £2,720 per 12-bottle case).
“So while Haut Brion has been climbing, it is clear that it still offers relative value,” Liv-ex concluded. “Will it be the next First Growth to take centre stage?”
Last month, the fine wine marketplace said that interest in Lafite, the First Growth which until recently vastly outstretched its peers, most popular wine on the Liv-ex platform.
Mouton has been the second-top performer over the past year, behind Haut Brion, with an average price increase across the 10 most recent physical vintages of about six percent. Meanwhile, Margaux has run flat, Latour has shed about one percent, while Lafite is down nearly four percent.

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