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Château Lafite 2016 forges ahead
The 2016 vintage of Château Lafite Rothschild returned to its highest trade price of the last two years last week as it bucked the prevailing winds blowing against Bordeaux in the secondary market.
As reported by Liv-ex, Lafite’s 2016 was the leading wine traded by value in the week ending 5 November, hitting £6,240 per dozen, the second highest price the wine has achieved since release and its highest trade of the past two years.
In total, it has also been the second-most traded wine by value in 2020 and is up 13.5% since the start of the year.
Overall, Bordeaux has had something of an up and down year. Although individual labels such as Lafite 2016 have forged ahead, the general picture for Bordeaux has been of falling trade share by value as other regions attract buyers’ broadening interest.
Bordeaux’s share of trade fell from 38% in September to 36.2% in October and drifted down to 35% in the first week of November – though the year’s high fliers, Italy and Champagne, also saw small declines last week as well.
READ MORE: Lafite marks 2016 with hour glass etching