Bordeaux 2012 was not an immediate success on the secondary market. Between En Primeur release and this time last year – when the wines had become physical – the overall value of those within the Bordeaux 500 index had dropped by 2.6%. Trading activity was also low: the vintage had accounted for just 2.9% of Bordeaux trade.
Since becoming physical, the news has been more positive: the wines have made gains of 9.7% over one year, outperforming the Bordeaux 500 index which is up 0.7% over the same period. This means that the wines are now in positive territory – up 6.9% – since En Primeur release. Activity has also increased, with the vintage accounting for 9.5% of Bordeaux trade since February 2015.
Of the 48 wines from the vintage represented in the Bordeaux 500 Index – Latour and Forts Latour 2012 are yet to be released – 41 are in positive territory over one year. Pavie 2012, which carries a special silver label to celebrate its elevation to Grand Cru Classé A status, has made the greatest gains. Interestingly, Angelus 2012 (-6.5%) is among the seven fallers. It has failed to maintain the boost offered by its own commemorative bottle which was announced in May 2014.
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