The 2000 Latour (a relatively abundant 14,000 cases compared to what they produced in 2009, 2008, or 2005) is “packed and stacked.” The extremely rich, black/purple color to the rim is followed by a wine with some subtle smoke, loads of minerals, a hint of vanilla, and plenty of creme de cassis as well as roasted meat and a slight scorched earth character. Broad, savory, and rich, the wine seems to be about 5 years away from full maturity and should drink well for at least 40-50 more years. A great effort, probably eclipsed only by 2003 and 2009. My original ratings appear to have been dead on the money for both of these efforts from Chateau Latour.
Posts Tagged: Chateau Latour
Organic wines are becoming more and more popular. Even the ultra-traditional Bordelais are doing it.
Driving north from Bordeaux on the Médoc peninsula you pass a number of famous wine chateaux. As soon as you cross the border between Saint-Julien and Pauillac you will see one of the most famous, the Château Latour. The château itself is actually hidden behind trees. What you see from the road is the famous tower, “la tour“, looking almost, but not exactly, like the one you see on the wine label. The real life tour is actually a dovecote from the 17th century.
Like many other Médoc chateaux the history of Latour goes back to the 18th century. The current owner, French businessman Francois Pinault, one of the richest men in the country, bought the chateau in 1993.
Château Latour is a Premier Grand Cru Classé 1855, the highest classification in Bordeaux and the most prestigious wine classification in France and the world. This classification alone allows Château Latour to demand extremely high prices for their wine. And, similarly, it makes consumers want to pay those high prices. Of course, this is a high-quality wine, no doubt about it. But still, you have to appreciate the historic significance and the prestige to accept the price.
Latour may be as prestigious as it gets, but it is not resting on its laurels. The newest project is converting a big part of the winery to organic viticulture.
Continue reading: ForbesChateau Latour, organic wine
Sotheby’s sale on 13 April will feature a “superb collection” of claret from the 1980s and 1990s, featuring 1990 La Mission Haut-Brion, 1995 Mouton Rothschild, 1996 Haut-Brion, 1986 Pichon Comtesse de Lalande and 1998 Latour and Lynch Bages among much more.
Furthermore, the sale includes Sassicaia from 1995-2002, Burgundy from De Vogüé, Anne Gros, Domaine de la Romanée-Conti, J-F Mugnier and Armand Rousseau as well as Champagne in the form of Bollinger Grande Année, Dom Pérignon Rosé, Salon and 1953 Krug.
Meanwhile, in New York on 16 April Christie’s will likewise auction a collection of fine and rare wines but the sale’s real focus is a collection of spirits, made up of Cognac and Armagnac, each dating to a term of a US president from George Washington to Jimmy Carter.
Read more: The Drinks BusinessChateau Haut Brion, Chateau Latour, Chateau Mouton Rothschild, Christie's, Sotheby's
On May 19, 20,000 bottles of wine from William Koch’s cellar will go to auction at Sotheby’s. The blockbuster sale, spread across three days (May 19–21), represents close to half of the billionaire’s total collection and was acquired over the course of nearly 40 years.
“He’s bought on scale,” said Connor Kriegel, head of auction sales for Sotheby’s Wine, who organized the sale. “Whenever he saw an opportunity to buy the things he loved, he bought.”
Koch’s wine, which will be broken up into about 2,700 lots, is estimated to go for $10.5 million to $15 million. More than 120 lots are from the coveted Château Latour, including one that consists of six 1961 magnums, which carries an estimate of $42,000 to $60,000. There are also more than 80 lots of Château Mouton Rothschild; one, composed of 10 bottles of Mouton’s 1945 vintage, is expected to sell for $80,000 to $120,000. “That’s one of the most legendary wines,” said Kriegel. “It’s the wartime vintage, and it’s one of the greatest wines they’ve ever made. To see it on such a scale is pretty spectacular.”
Continue reading: BloombergChateau Latour, Chateau Mouton Rothschild, Sotheby's
Latour released its latest set of wines on Tuesday 22 March, as part of its new strategy of putting mature wines onto the market rather than selling them before bottling under the Bordeaux en primeur system.
The first wine Château Latour 2000 was released at €770 (about $860) per bottle ex-négociant from Bordeaux, and was being offered by merchants in London for around £8,000 (about $8,900) per case of 12 75cl bottles.
The second wine Les Forts de Latour 2009 was released at €150 (about $165) per bottle ex-négociant.
Data from fine wine trading platform Liv-ex shows that Latour 2000 was being sold at several hundred pounds more than its secondary market price; perhaps suggesting confidence that consumers would pay for the added value of the wine having come direct from Latour cellars in Pauillac.
Initial reactions were broadly positive in a market that has been relatively lukewarm to the top Bordeaux wines in recent years.
In Bordeaux itself, most négociants said that Latour 2000 sold out rapidly. An exact figure for the quantity of wine released could not be obtained, but it was believed to be the entirety of stocks left at the château.
The price was ‘within reason, allowing some margin to be added by the merchants’, said one broker.
Les Forts de Latour 2009 was reportedly seeing less enthusiasm, because the price offered represented a premium of around 20% on stocks already out on the market.
Continue reading: DecanterBordeaux, Chateau Latour
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.
Continue reading: Liv-exBordeaux, Chateau Angelus, Chateau Latour, en primeur
Chateau Lafite Rothschild 2003 was the most traded wine by value on the London-based Liv-ex wine market in the week to Feb. 11, closely followed by Chateau Latour 2009, according to data from the exchange on its market blog.
The Lafite 2003 sold for 6,660 pounds ($9,659) per 12-bottle case and the Latour 2009 for 7,620 pounds, Liv-Ex reported. Other wines among the top five sold by value were Lafite 2012, Moet & Chandon Dom Perignon 2005 Champagne and Chateau Margaux 2005, according to Liv-ex data.
Bordeaux wines’ market share rose to 75.7 percent over the week to Feb. 11 from 70.4 percent a week earlier, while remaining below the January average of 78.6 percent, according to the data. Burgundy’s share slipped to 8.8 percent in the week to Feb. 11 from 9.6 percent the previous week, while holding above the January average of 6.2 percent.
“Focus turned towards higher value wines,” Liv-ex said on its blog. “The total value traded on the exchange increased, while volume dipped.” The most traded wine by volume in the week to Feb. 11 was Chateau Rieussec 2010 Sauternes, just ahead of the Dom Perignon 2005 Champagne.Chateau Lafite Rothschild, Chateau Latour, Chateau Margaux
Trading activity on the Liv-ex exchange reached its highest level since March but the Fine Wine 100 index went down 0.6%, following a flat August and September. Nonetheless, the index is still in positive territory on the year-to-date, up 0.7%.
Despite losing ground to Italy and Champagne recently, three Burgundian labels were among the month’s best performers: Domaine de la Romanée-Conti’s 2009 and 2010 La Tâche rising 6.2% and 13.4% respectively to over £20,000 a case each and Ponsot’s 2012 Clos de la Roche Vieilles Vignes was the month’s top mover up 23% to £3,937.
Also up were 2007 Yquem (7.3%) and 2010 Montrose which is back around the £1,600 a case mark – a barrier it appears to be struggling to break despite its ‘perfect’ Robert Parker score.
The month’s biggest losers were mainly Bordeaux: 2003 Margaux, 2009 Latour and 2000 Léoville Las Cases fell 4.9%, 4.9% and 5.7% respectively, while Opus One’s 2010 fell 6.2%.
If Burgundy dominated the top trades it also represented the biggest loss as well, Armand Rousseau’s 2012 Chambertin falling 11.6% to end the month at £9,555 per case.
The Liv-ex 1000 meanwhile sank 0.2% last month but, like the Fine Wine 100, still remains in positive territory so far this year.
Continue reading: The Drinks BusinessBordeaux, Chateau Latour, Chateau Margaux, fine wine, Liv-ex
2012 was the last time Château Latour participated in the en primeur system and has since moved to an annual re-release of recent vintages ahead of the en primeur campaigns, as well as a small release of older vintages in September. Latour’s pullout of the en primeur system was to allow them to release wines when it considered them “ready”.
In keeping with their new schedule, Château Latour plans to release its 2003 grand vin and the 2008 vintage of Les Forts de Latour later this month, both carrying a premium price. The first set of releases were in 2013 with the 1995 grand vin and 2005 Forts, both met with criticism that the price was too high. Again in 2014 when Latour released the 2004 grand vin and 2006 Forts, the market barely took notice.
The annual re-release will takes place around March 20th.
Related Link: The Drinks BusinessChateau Latour
The Liv-ex Fine Wine 50 Index tracking 10 recent vintages from the five Bordeaux first growths had its first back-to-back monthly gains since March 2013, rising 0.8 percent in December and 1.8 percent in January.
The five Bordeaux first growths tracked by the index are Chateau Haut Brion, Chateau Lafite Rothschild, Chateau Latour, Chateau Margaux and Chateau Mouton Rothschild.