First growths and other top Bordeaux from the 2000 vintage have been on a tear lately, prompting this blogger to speculate that a wine bubble is here (see earlier posts). Results from Acker Merrall & Condit’s January auction suggest that a top is finally forming, for everything except Lafite. Most wines failed to appreciate over the past 7 months. Latour Cheval Blanc, and Margaux are holding steady at $1000 each, Mouton is still $750, Haut Brion is a little more variable –stuck in a rang of $650-$700 with no discernable trend, Petrus remains at $3600.
Only Lafite continues to climb. Now at $1500, up from $1300 three months ago.
It’s not all good news: Ultra-rare Lafleur sold at Acker’s January Auction for $1815. That’s down from $2000 in the fall of ’07, which itself is down from $2400 from the summer.
Will the bubble reveal itself this quarter?
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