Lafite wine bubble bursting

January 16, 2012 at 3:11 pm Leave a comment

Another sign of China monetary tightening’s impact-The fall in price of Lafite wine which is a favourite buy by the Chinese.

LAFITE ’08 DOWN 45% AS FINE WINE PRICES PLUMMET

According to Liv-ex, prices of the 100 top-traded wines fell by an average 22.5% between June and December last year(2011) – the steepest fall since the beginning of the recession nearly four years ago.

Lafite ‘08 peaked in January 2011 at £14,043 a case, but was trading this month at £8,108, while Lafite 2009 has dropped 28% in value in the last six months, from £13,831 a case in July 2011 to £9,800 in December 2011.

Year to date prices for Lafite 2008 were already down 26% last August with the wine proving the worst performer in terms of price of the last 10 physical vintages from the estate.

Entry filed under: Watch your step. Tags: .

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