Chateau d’Yquem ’90 Extends Decline to Lowest Level Since 2009

Chateau d’Yquem ’90 Extends Decline to Lowest Level Since 2009

A case of 1990 Chateau d’Yquem, Bordeaux’s top-ranked Sauternes dessert wine, sold for 2,700 pounds ($4,050) on the Liv-ex market yesterday, extending a 15-month drop and taking it to its lowest level since October 2009.

The wine sold for 20 percent less than the 3,380 pounds at which it traded in March last year, having peaked at 3,400 pounds in September 2011, according to data on London-based Liv-ex’s Cellar Watch website.While the start of the vintage’s decline mirrored a broader drop in the Liv-ex Fine Wine 50 Index during the first half of last year, it has continued to retreat even as the index has recovered since November, partly as investor attention has switched to wines from more recent years.

“Market sentiment is more positive than the indices might suggest,” Liv-ex said in its monthly Cellar Watch market report this week, citing a 20 percent increase in overall trading volume.

Yquem’s 1990 vintage is its fourth most expensive of the past two decades, lagging only those of 2010, 2009 and 2001, according to merchant prices tracked by Liv-ex. It’s still 69 percent higher than its level of 1,600 pounds 10 years ago.

The 1990 Yquem was awarded 99 points out of 100 by U.S. wine critic Robert Parker, according to the eRobertParker website. Of its wines from the intervening years, only the 2001 is currently rated higher at 100 points.

Chateau d’Yquem is owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC), the world’s largest luxury goods maker led by billionaire Bernard Arnault. The wine estate is managed by Pierre Lurton, who also has responsibility for Chateau Cheval Blanc in Saint-Emilion.

To contact the reporter on this story:

Guy Collins in London at

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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