As some of you might be wondering if the fine wine market has crashed as badly as the financial one, here is a little overview of the evolution of Chateau Lafite-Rothschild over the last 12 months.
The best % return can be awarded to the 2004 vintage with around 72% return per case of 12 bottles (75cl). The Lafite 2000 has seen its price climbing up to 14,000 per case, making it the second best vintage for Lafite in the period with a % return of 51%.
2005 and 2006 are the least with respectively 18% and 14% return.
As a good bechmark of the fine wine market, Lafite has been showing some incredible returns even though the world has gone through one of its worst financial crisis. With China and the rest of Asia opening its door slowly, such wines have an almost endless clientelle ready to spend the extra thousands of $ to drink them or to invest in stock that will come back on the market in a few years.
As the number of bottles diminishes every day, it is safe to say that blue chips labels will continue to be one of the most reliable source of alternative investment.