Mouton-Rothschild Leads Sotheby’s Bordeaux 2012 Futures Sales
Chateau Mouton-Rothschild led sales of Bordeaux 2012 wine futures by Sotheby’s (BID) New York retail business this year, followed by two other left-bank first-growth estates, Chateau Margaux and Chateau Lafite-Rothschild.
Mouton was priced at $4,488 a case, 30 percent below its 2011 level, while Margaux was 31 percent down, also at $4,488, and Lafite 22 percent lower at $6,348, according to data e-mailed by Sotheby’s. The three led in terms of total value of each wine sold.
The Liv-ex Fine Wine 50 Index has risen 5 percent this year, with an 8 percent gain in the 10 weeks to mid-March pared by a decline of more than 2 percent since then. Investor attention has been focused on the 2012 futures campaign for the past two months, after demand for top-growth Bordeaux wines revived following a 16-month price slide ending in mid-November.
Other leading 2012 futures sold by Sotheby’s included Chateau La Mission Haut-Brion, priced 28 percent lower at $2,796 a case, Chateau Cheval Blanc, also down 28 percent from 2011 at $5,628, Chateau Palmer, down 5 percent at $2,748, and Chateau Ausone, down 23 percent at $3,450, the data showed.
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