Bordeaux prices ‘stabilising’: analysts (by Decanter.com)

Posted: November 28, 2012 by wynmaker in France, Wine, World wine news
Tags: , , , ,

The price slide on Bordeaux first growths has stabilised, as wine buyers continue to take advantage of good deals on top names like Lafite and Haut Brion, analysts say.

 

Sign of stability?

Sign of stability?

Analysts at trading platform Liv-ex believe that a 12-month period of wine ‘market correction’, including price drops of up to 35% on some top chateaux, may be levelling out.

‘Prices have been flat for Bordeaux first growths in the last three or four months,’ said Jack Hibberd, head of data and research at Liv-ex told Decanter.com.

Given the price drops, demand for some top Bordeaux wines is buoyant, even if no region is showing explosive growth. ‘With Lafite, we’re still seeing very good demand for the …  read on

 

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