The Bordeaux 500 index has dipped 0.9% in the past year while the broader market, tracked by the Liv-ex 1000, has gained 2.8%. It has been outperformed by Champagne and the Rhone, and compared to Burgundy, which has been gathering momentum in recent years, Bordeaux has lagged far behind. Time, then, to look at the performance of its sub-indices: the risers and the fallers within Bordeaux.
Over one year, the Fine Wine 50 index, which tracks the price performance of the First Growths, has fallen the most, down 2.6%. The Second Wines 50 has also dipped 0.6%. As we recently explored, the shrinking price gap between these two groups is under threat as the price rise of the latter group may have reached its peak.
The best-performing sub-index over one year is the Left Bank 200 (+0.5%), closely followed by the Right Bank 100, which has started to climb back after months of steady decline. The biggest riser on a wine level is one of its constituents: the Fleur Petrus index has risen by 9%. Figeac, Conseillante and Clos Fourtet have also seen prices rise. From the Left Bank, Pichon Lalande has been on the move, up 7.6%. The top 20 brands on the move, from the Bordeaux 500, are displayed in chart below.