Jan. 28 (Bloomberg) -- Chateau Mouton-Rothschild 2003 climbed to its highest level for nine months on London’s Liv-ex wine market, with five cases selling for 3,295 pounds ($5,180) each, according to data on Liv-ex’s Cellar Watch website.
That was the most paid for that vintage of the Bordeaux first-growth wine on the exchange since April 13 last year, and was 24 percent up from a low of 2,661 pounds reached on Aug. 18, according to Liv-ex data.
As Chinese demand for premium Bordeaux approached its peak in October 2010, 20 cases of Mouton 2003 sold at Sotheby’s in Hong Kong in October 2010 for HK$84,700 ($10,900) each, more than double the current Liv-ex price.
The Liv-ex Fine Wine 50 index, comprising 10 recent vintages of the five Bordeaux left-bank first-growths, has risen 3 percent since the start of the year, after a drop of 9.7 percent in 2012.
Mouton 2003 is the fourth-biggest gainer in the Fine Wine 50 over the past year, behind Chateau Margaux 2001 and the Mouton 2002 and 1999 vintages, according to Liv-ex data. That’s based on merchant list prices in Europe surveyed by Liv-ex.
Mouton is run by Baron Philippe de Rothschild's heir Julien de Beaumarchais de Rothschild and his mother, Baroness Philippine de Rothschild.
Wines Gaining Most in Past 12 Months on Liv-ex Fine Wine 50 Producer Vintage % Change (12 months) Margaux 2001 +6.8% Mouton 2002 +5.2% Mouton 1999 +4.7% Mouton 2003 +1.5% Wines Falling Most in Past 12 Months on Liv-ex Fine Wine 50 Producer Vintage % Change (12 months) Mouton 2008 -26% Haut Brion 2008 -24% Lafite-Rothschild 2000 -22% Lafite-Rothschild 2008 -22%
To contact the reporter on the story: Guy Collins in London on firstname.lastname@example.org
To contact the editor responsible for this story: Paul Sillitoe at email@example.com