Who Will Take Parker's Throne?

October 27, 2016

Despite Robert Parker’s recent retirement from reviewing Bordeaux, his scores continue to have a profound impact on price. With Parker’s influence likely to decline as time goes on, there has been considerable discussion around what or who will influence the market next. Will there be an heir to Parker’s throne, or will a system based on consensus or average scores emerge as the market’s new barometer of wine quality in Bordeaux?

As a preliminary exploration of this issue, Liv-ex measured the correlation between individual critic scores and the prices of the last ten physical vintages of the Bordeaux First Growths. They tested a sample of four popular critics: Robert Parker, Neal Martin, James Suckling and Jean Marc Quarin.

The chart shows how closely correlated the prices of these wines are with scores from the respective critics. The results suggest that Parker Points still enjoy the greatest correlation with price, although the other sampled critics are not far behind.

Naturally there are many factors influencing any market, and fine wine is no different. For example, brand, vintage quality and age are also likely to influence fine wine prices. In addition, there may be issues with the direction of causation in their analysis, with scores perhaps being influenced by prices – blind tastings apart – or being correlated with each other. It will be interesting to observe how the market eventually chooses its successor to Parker Points.

Originally published: Liv-ex





Also in News

Behind the Cristal Ball
Behind the Cristal Ball

January 10, 2019

Frédéric Rouzard, a direct descendant of Louis Roederer spoke to the recent changes the champagne house has made. 

Continue Reading

The Best Investments of 2018? Art, Wine and Cars
The Best Investments of 2018? Art, Wine and Cars

January 03, 2019

Luxury investments have a staying power—there will always be a market for products people love. Wine investors have seen a 10.2 % gain this year.

Continue Reading

Holiday Gift Guide 2018: Best Champagne and Sparkling Wines
Holiday Gift Guide 2018: Best Champagne and Sparkling Wines

December 20, 2018

While France's hold on sparkling wines remains the gold standard, the French have more competition than ever, as the Italians and the British hone their bubbly craft.

Continue Reading