“Langton’s Classification of Australian Wine Index outperforms ASX All Ordinaries”
LCAWI
ASX
1/07/2007
1576.8
6298.6
14/07/2009
2584.2
3858.8
Movement
1007.4
-2439.8
% Movement
63.89%
-38.74%
The Australian share market may have taken a hammering over the last 18 months, but Australian fine wine on the
secondary wine market has enjoyed a remarkable period of price growth. Langton’s Classified Australian Wine
Index, a key secondary wine market indicator, shows that over the last 2 years Australian fine wine values have
increased by almost 64% whereas the stock market has fallen by about 39%.
By comparison the international fine wine investment market, based largely on the great wines of Bordeaux, has
fallen by roughly 20% during the same period.
This will come as a huge surprise to observers of Australian wine.
“Growth of 64% is an incredible statistic!” says Langton’s Fine Wine Principal Andrew Caillard MW. To outsiders
it’s almost as unbelievable as China’s recent second quarter growth figures!”
“Langton’s Classification of Australian Wine Index shows underlying confidence in ultra-fine Australian wine and its
intrinsic rarity.
Wine buyers and collectors have gravitated
towards classic, mostly red, Australian wines and
vintages.”
“Our detractors love to talk about Australia’s industrial wines. However when it comes to Australian fine wine, it is
ultimately a very finite and ever-depleting stock, based on extraordinary individual vineyard sites. From an
international perspective there’s actually not much of it available compared to top Bordeaux and Burgundy.
Judging by overall volume of demand and prices, Australian wine collectors are clearly wishing there was more of
the good stuff around.”
A First Growth Bordeaux Château will produce around 10,000+
cases each vintage whereas a Langton’s
Classification ‘Exceptional’ (the Australian equivalent) will typically produce from 100 to 6000 cases each year.
Enquiries
Stewart Langton
+61 414 314 311
stewartl@langtons.com.au
Andrew Caillard, MW
+61 418 272 293
andrewc@langtons.com.au
Langton’s is a specialist online wine auction house, based in Melbourne and Sydney. Established in 1988,
Langton’s has earned an international reputation for its high calibre wine auctions, innovative practices and
authoritative team of fine wine specialists. Langton’s Classification of Australian Wine is a highly influential rating
of Australia’s most collectible wines. Langton’s Classification of Australian Wine Index attempts to quantify overall
performance and health of the secondary wine market. Today Langton’s has buyers in over twenty five countries
and sells over 150,000 lots per year.
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