The 2001 vintage of Chateau Margaux, a Medoc first-growth wine estate, fell to a 14-month low of 2,900 pounds ($4,850) a case on Liv-ex yesterday as the London- based market’s Fine Wine 50 Index extended its decline.
Bordeaux first-growth wines fell to 18 percent of trade by value on the London-based Liv-ex wine market at the end of last month from 66 percent at the peak of the market, according to Liv-ex’s Cellar Watch report.
A waiter is pouring generous rations of wine in the private dining salon of Chateau Margaux on the left bank of the Gironde estuary in southwestern France. Baccarat crystal schooners are filled to the brim with one of the world’s rarest liquid investments. The costly history of downing Chateau Margaux unfolds.
The 2005 vintage of Chateau Margaux, a Medoc first-growth wine estate, fell to a 17-month low of 5,200 pounds ($8,600) a case on Liv-ex in the past month as the London-based market’s Fine Wine 50 Index extended its decline.
Three cases of 2008 Chateau Margaux, a first-growth wine estate in the Medoc region north of Bordeaux, sold for 2,850 pounds ($4,680) each on Liv-ex in the past week, taking the vintage to a 13-month low amid selling pressure on the region’s top wines.
Twelve bottles of 2004 Chateau Margaux, a first-growth wine estate in the Medoc region north of Bordeaux, sold for 2,920 pounds ($4,740) on Liv-ex, reaching a five-month high after selling pressure since June.
A case of 1998 Chateau Mouton Rothschild, a Medoc first-growth estate, fetched 3,350 pounds ($5,500) on Liv-ex this week as Bordeaux vintages now available for drinking attracted demand in preference to younger wines.
A case of 1996 Chateau Margaux, a Bordeaux first-growth wine estate, sold for 4,600 pounds ($7,060) on the Liv-ex market, a six-month low and down 7 percent from its high for this year as demand weakened.