What a difference a few years makes! In 2011 Chateau Lafite bestrode the fine wine market like a colossus in no short thanks to the power of its brand and its demand in China. Even its 2nd wine, Carruades de Lafite, bathed in its glory and hung on to its coat tails fetching prices higher than most Super Seconds. It dominated Liv-ex trade by value and pushed the Liv-ex 50 index of the First Growths to a record level. Sometimes it accounted for over 50% of Liv-ex weekly trade by value.
How are the mighty fallen? Its weekly share has been less than 10% many times this year. Yet amid all the clouds there are definite pockets of hope which look lined with silver. At the end of the day it helps to consider the old sporting adage, “Form is temporary, class is permanent”. With 98 Parker points the 1998 vintage has just entered its drinking window and has started to increase in price again, whilst the 2011 accounted for 28% of Lafite trade in July because it is the cheapest available vintage. Lafite may have fallen out of favour in recent years but it still makes one of the greatest wines in the world and as such will always continue to be in demand by drinkers and investors alike.