Lafite 2008 underperforms…by 2 points!

on 19/08/11 at 3:26 pm

Wine

Lafite 2008 is the worst performer in terms of price of the last 10 physical vintages from the estate.

In the year to date (YTD), the price of the vintage from the first growth château has slipped by 26% with 2003 also showing poorly, down 15% according to Liv-ex.

Other vintages to show negative growth (although not as bad as the first two) were 1999, 2004 and 2006 but it is the fall of the supposedly sought-after 2003 and 2008 that is surprising.

Furthermore, 2008 has also been the worst performer since June, with a drop in price of around 13%.

The 2008 vintage, with its additional Chinese symbol for number eight, generated considerable interest with prices leaping 20% in 24 hours.

However, a recent downgrading of the vintage by wine critic Robert Parker where Lafite dropped from 98-100 points to just 98, may be the reason for this tailing off in interest.

{FULL STORY}

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