Libournais Index

2014-03-25

With a level of 221 at the end of February 2013 (baseline January 31st 2007), the Libournais Index shows a relatively flat performance, with a change of only 1.8% over a 1-year period to 228.31.
While the top movers of the Medoc Classed Growth Index were relatively affordable vintages, the Libournais Index top gainers feature higher value wines, as do the biggest fallers, perhaps indicating a rather higher level of market interest than on the left bank.
Individual high-scoring wines, however, buck the trend, with the 100 pointers La Violette 2010 and Petrus 2009 showing that a perfect Parker score can still be a market driver and suggesting that scarcity may increasingly be a market driver within the Bordeaux market, either due to tiny production or due to age.
It's arguably even more interesting to see the price of Vieux Chateau Certan 2010 fall quite significantly since the turn of the year (possibly as stockholders finally throw their hands up and start to write-down the value of their holdings?). Will Vieux Chateau Certan 2010 fall further carried by the momentum of price gravity? At some point this could be extremely tempting, for an utterly sublime wine that was considered by many (including us) to be perfect.

TOP GAINERS

Wine	Vintage	Change (3m)	Price
Le Dome Saint Emilion Grand Cru AOC	2000	57.94%	175.88
Chateau La Violette Pomerol AOC	2010	37.38%	443.66
Chateau L'Eglise-Clinet Pomerol AOC	2001	17.62%	141.67
Chateau La Conseillante Pomerol AOC	2010	14.62%	147.92
Petrus Pomerol AOC	2009	14.28%	2325

BIGGEST FALLERS

Wine	Vintage	Change (3m)	Price
Vieux Chateau Certan Pomerol AOC	2010	-14.66%	166.67
Clos Fourtet Saint Emilion Premier Grand Cru Classe B AOC	2009	-15.18%	130.08
Chateau Pavie Saint Emilion Premier Grand Cru Classe A AOC	2010	-19.07%	168.68
Chateau Figeac Saint Emilion Grand Cru AOC	2009	-19.50%	120.83
Clos Fourtet Saint Emilion Premier Grand Cru Classe B AOC	2001	-20.04%	38.27