Lafite Rothschild, Duhart-Milon and Branaire-Ducru set 2014-esque price levels for new releases
Château Lafite Rothschild has turned the clock back by releasing the 2024 vintage onto the market at the same price as its 2014 release price, making it the cheapest vintage Lafite currently on the market - a move echoed by Duhart-Milon and Branaire-Ducru. The post Lafite Rothschild, Duhart-Milon and Branaire-Ducru set 2014-esque price levels for new releases appeared first on The Drinks Business.
Château Lafite Rothschild has turned the clock back by releasing the 2024 vintage onto the market at the same price as its 2014 release price, making it the cheapest vintage Lafite currently on the market - a move echoed by Duhart-Milon and Branaire-Ducru.
The famed Paulliac estate saw the releases of the 2024 Lafite at €288 ex-negociant, being available for £3,426 per case of twelve to the London trade. This makes it “by far” the cheapest vintage on the market, according to Liv-ex, at a discount of around 20.3% on the 2013 vintage. The onwards selling price in London of £285 is down by around 30% on the 2023 release price, and 52% down on the 2022, according to Wine Lister. It is also around around 14% less than the 2021 market price.
The estate, one of the most-traded brands on the secondary market, follows the example of Château Branaire-Ducru, who on Friday launched its 2024 release as its cheapest vintage since 2013 (apart from the 2021 vintage), at €26.5 per bottle ex-negoce, available at £318 per case of twelve to the London trade. This marked a 17.6% discount on the 2023’s ex-London release of £386.
Meanwhile Château Gruaud Larose also released the 2024 vintage at the lowest level sine 2013, at €43.2 per bottle ex-negociant, or £516 per case of 12 to the London trade, - a 27.9% discount on the 2023’s opening price.
Château Duhart-Milon 2024 has been released at €45.6 per bottle ex-negociant, available to the London trade at £552 per case of twelve, representing a 19.2% decrease on the 2023’s opening price. However, while a "significant drop", Liv-ex pointed out that the chateau's wines have not performed well post-release and it is therefore does not offer the best value, compared to less expensive, higher rated vintages on the market.
Other chateaux who released earlier this week included Château Chasse-Spleen, Giraud and Filhout.
The famed Paulliac estate saw the releases of the 2024 Lafite at €288 ex-negociant, being available for £3,426 per case of twelve to the London trade. This makes it “by far” the cheapest vintage on the market, according to Liv-ex, at a discount of around 20.3% on the 2013 vintage. The onwards selling price in London of £285 is down by around 30% on the 2023 release price, and 52% down on the 2022, according to Wine Lister. It is also around around 14% less than the 2021 market price.
The estate, one of the most-traded brands on the secondary market, follows the example of Château Branaire-Ducru, who on Friday launched its 2024 release as its cheapest vintage since 2013 (apart from the 2021 vintage), at €26.5 per bottle ex-negoce, available at £318 per case of twelve to the London trade. This marked a 17.6% discount on the 2023’s ex-London release of £386.
Meanwhile Château Gruaud Larose also released the 2024 vintage at the lowest level sine 2013, at €43.2 per bottle ex-negociant, or £516 per case of 12 to the London trade, - a 27.9% discount on the 2023’s opening price.
Château Duhart-Milon 2024 has been released at €45.6 per bottle ex-negociant, available to the London trade at £552 per case of twelve, representing a 19.2% decrease on the 2023’s opening price. However, while a "significant drop", Liv-ex pointed out that the chateau's wines have not performed well post-release and it is therefore does not offer the best value, compared to less expensive, higher rated vintages on the market.
Other chateaux who released earlier this week included Château Chasse-Spleen, Giraud and Filhout.
