Lafite 2008 underperforms…by 2 points!
on 19/08/11 at 3:26 pmWine
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.