While only a handful of Bordeaux 2015s have traded since release, the vintage is nonetheless of interest to merchants. Margaux, Canon and Lafite 2015 – which has traded – are the most searched for wines on Liv-ex over the last month.
Also of interest is Haut Brion 2012. Having been scored 93-95 in barrel by Robert Parker, its price soon drifted from the $3,720 per 12×750 release. In April 2015 the wine was trading for $2,925 when Parker awarded it 98-points in bottle. He heralded it as “one of the stars of the vintage” and prices shot up as a result, peaking back at $3,720 before stabilizing.
The 2012 vintage has been attracting buyers for several months now, and the recent En Primeur campaign has left them seeking value in back vintages. Consequently, Haut Brion 2012 is on the move again. Now at $4,785, it is still 13% below the $5,425 of the new 2015 release (98-100 from Neal Martin) – but will this gap remain for long?
Originally published: Liv-ex
Chateau Haut Brion
, Haut Brion
For years, vintages of Burgundy have been smaller and smaller, while prices have gone up and up. Rain, floods, and hailstorms have decimated vineyards since 2010, especially in the Côte de Beaune (the southern part of the famous limestone strip that’s home to the most famous vineyards). Growers invested in weird anti-hail devices, but, alas, they haven’t worked. Regional businesses are facing a crisis of how to survive.
The chardonnay grape harvest was down 30 percent in 2013, pinot noir as much as 50 percent. In 2014, which had some of the worst weather in recent memory, some winemakers lost 90 percent of their crop; 2016 is already looking to be worse, weatherwise. This means the remaining grapes are much more expensive, and businesses that depend on making wines from them will be forced to pay a premium they increasingly can’t afford.
“Growers essentially say, pay what we ask, or we’ll sell to someone else,” says Blair Pethel, one of the growing number of “micro-negociants”— small domaines who buy grapes from growers to turn into wine rather than owning their own vines. Grapes to make his 300 bottles of 2009 grand cru Charmes-Chambertin cost $8,800; the price for the same amount in 2015 was about $25,000. He didn’t buy.
Continue reading: Bloomberg
Sotheby’s will host an ex-cellar sale featuring wines from La Mission Haut-Brion in New York this October. The sale will cover 270 lots, with wines spanning 1916 to 2012 and including some of the estate’s rare white wine which is produced in tiny quantities.
Prince Robert of Luxembourg, president and CEO of La Mission, explained that the estate had always had a strong following in the US hence the reason to hold the sale there and not in Hong Kong as many other high-profile Bordeaux estates have,
He said: “La Mission is an equal and complimentary sibling for Haut-Brion, offering a true case study for the value and character that is imbued in an exceptional terroir. Crafted by the same wine-making team as its direct neighbour its unique character nonetheless always shines through.
“We are excited to share some very rare treasures from our cellars with wine-lovers from all around the world and we salute the great professionalism of Sotheby’s for offering us the ideal platform to accomplish this.”
Continue reading: The Drinks Business
Cheval Blanc 2015 has been released at $611 per bottle ex-negociant, up 50% on 2014 ($407). It is being offered by the international trade at $7,642 per 12×75. This is 52.9% higher than the opening price of the 2014 ($4,998).
Ausone 2015 was also released at $611 per bottle ex-negociant, but is offered by the trade at a higher price of $8,236 per 12×750.
Cheval Blanc 2015 was scored in the late 90s by several key critics. In his report, Neal Martin (97-99) noted that it “flirts with perfection” but lamented Cheval’s tendency to price highly, “a pity because it puts a black mark against a stunning succession of wines in recent years”.
The wine’s price pitches it next to the 2005, which was upgraded to 100 points by Robert Parker in June last year. It is offered at discounts of 16% and 27% to the 2009 and 2010 respectively.
Buyers looking back might also find relative value in 2006 and 2014 which have strong critic scores and are priced around 35% below the 2015.
There was no Petit Cheval produced in 2015: the vast majority of parcels were deemed to be of high enough quality to go into the Grand Vin.
Originally published: Liv-ex Blog
Château Cheval Blanc
Six bottles of 1926 Vosne-Romanée ‘Les Gaudichots’ from Domaine de la Romanée-Conti have sold for over $70,000 at Sotheby’s recent London sale. DRC dominated the sale, held on 15 June, with buyers focusing on half cases of 1990 Romanée-Conti, La Tâche and Richebourg.
The sale made over $1,571,476 in total and was over 90% sold. Stephen Mould, head of Sotheby’s Wine, Europe, commented: “We saw excellent results with a collection of first growths and Domaine de la Romanée Conti, and a collection consisting mostly of youthful Claret, both 100% sold.
“A thirst for rare wine was evident throughout the sale, led by six bottles of Vosne Romanée Les Gaudichots 1926 – part of a time capsule of historical wines with impeccable provenance – which soared over estimate.”
The half dozen of ‘Les Gaudichots’ were sold to a US trade buyer for $70,077. It’s very rare to see DRC premier cru for sale and the domaine folded its Gaudichots plot into La Tâche when it acquired the monopole from the Liger-Belair family in the 1930s so the label no longer ‘exists’ strictly speaking.
Top claret lots at the sale included 1989 Haut-Brion and La Mission Haut-Brion, 2000 Lafite and 1994 Petrus.
Originally published: The Drinks Business
Domaine de la Romanée-Conti
Mouton Rothschild 2015 has been released at $432 per bottle ex-negociant, up 60% on 2014. It is being offered by the international trade at $6,652 per 12×750. This is 83.6% higher than the opening price for the 2014.
Mouton Rothschild 2015 received 97-99 from Neal Martin, who described it as “a classic Mouton Rothschild that will live for 50 or 60 years, not a million miles away from say, the 1986 and 2010.”
In terms of pricing, the new wine is indeed “not a million miles away” from the 2010. It matches the current market price of the 2005, which scored 97 from Robert Parker and 98 from Neal Martin – and has nearly a decade in bottle.
Continue reading: Liv-ex