Tag: Bordeaux

Larrivet Haut-Brion sees trading volumes lift

For the second consecutive quarter, the five wines which saw trading volumes rise most were all from Bordeaux. Four of the wines below are big hitters, with overall Wine Lister scores ranging from 921 (Château Montrose) to 963 (Château Lafite Rothschild).

These top crus are also mainstays at global fine wine auctions, with over 2,000 bottles of the top five traded vintages of each wine selling at auction every year, and over 5,000 for Lafite. So, while auction trading volumes – a measure of liquidity – feed into a wine’s Economics score, none of the four has seen a significant enough increase to find their Economics score significantly changed.

There is one anomaly. Château Larrivet Haut-Brion has an average price of £23 per bottle, and from the period of July 2016 until June 2017 its top five vintages sold only 103 bottles at auction. At the end of last month, however, 228 bottles of the wine’s 2000 vintage were sold at a Bonham’s auction, making the wine the most popular of the day.  The update to Larrivet Haut-Brion’s trading volumes has had a strong impact on its Economics score, which has risen from 567 to 667, and boosted its overall Wine Lister score from 663 to 684.

Volume changes Oct

We calculate which wines have seen the greatest incremental increases in bottles traded by using figures collated by Wine Market Journal from sales at the world’s major auction houses.

Five icons that saw searches rise in September

The annual spate of releases in September has influenced this month’s gainers in online search frequency. For the third consecutive month, Dom Pérignon Vintage Brut has seen the largest increase in average monthly searches, which we calculate using three-month data from Wine-Searcher measured against the previous period. Dom Pérignon 2009 was released in early September, and the wine’s increase of 5,154 searches is the largest incremental monthly increase seen this year, taking it to 60,241 average searches per month: the highest of any Champagne and fifth highest of all wines.

Following last month’s narrowing of regions within the top five (only two were featured), the breadth in September significantly increased, with icons from California, Bordeaux, Piedmont, and Chile joining Champagne. The number of searches has also increased dramatically after the summer slowdown, with 19 wines seeing an increase of over 1,000 average monthly searches. The release of Opus One 2014 at the beginning of September – judged “a gorgeous wine” by our partner critic Antonio Galloni – has boosted interest in this Napa Valley stalwart, with an increase of 4,651 searches taking it to over 40,000 searches per month.

Search data_October

Château d’Yquem is another wine to see online search frequency rise on the back of a September release. The 2015 was released alongside Opus One 2014 at €250 ex-négociant.

The next in the table, Bartolo Mascarello Barolo, has the lowest search frequency of any of the wines above, with an average 10,075 per month. Nevertheless, with an overall Wine Lister score of 941/1,000 the wine is one of the great names of Barolo: the fourth best overall on Wine Lister.

Almaviva celebrated its twentieth anniversary in June, while its producer Viña Concha y Toro has recently entered the global ranking inside the Top 10 Beverages category within the Dow Jones Sustainability Index for the first time. With the release of Almaviva 2015 in early September adding to the interest, the wine has seen an increase of 2,858 online monthly searches, taking it to 11,291.

The regions creating a buzz

Wine Lister’s Brand category measures a wine’s performance across two criteria: popularity and distribution. In conjunction with its Quality and Economic performance, this allows a holistic assessment of a fine wine. It also enables a comparison of the performance of entire fine wine regions. Below we look at the average scores over both Brand criteria of the top 50 wines in Bordeaux, Burgundy, California, Italy, and the USA.

Wine Lister Buzz Regions

Bordeaux dominates, with powerhouses Yquem and Mouton demonstrating the success of its classification system and the centuries-old global repute of its top crus. Its best wines are by far the most popular with consumers – searched for nearly four times more frequently on average than second-placed Italy. They are also the best distributed in the world’s most prestigious restaurants, present in 31% on average, and with 5 references per list.

Whilst Champagne comes second in terms of breadth of presence in restaurants, its top wines don’t achieve much depth in terms of vintages or formats listed – presumably because many of them are non-vintage.

Burgundy competes well in terms of restaurant presence, with the likes of Domaine de la Romanée-Conti Romanée-Saint-Vivant Grand Cru enjoying a strong showing in top restaurants. Meanwhile the region is fourth most popular in terms of searches each month on Wine-Searcher.

Italy is unique in that Sassicaia is both its most popular wine and also its best distributed. However, whilst its top wines are the second most popular overall, they also experience the second lowest level of distribution.

Finally, the USA’s best wines achieve a strong level of vertical restaurant presence, but come last in terms of both horizontal presence and popularity, suggesting the New World still has a way to go in terms of brand strength.

Download a PDF version here.

First published in French in En Magnum.

Les Forts de Latour 2010

Analysis of Les Forts de Latour 2010, which has released a second tranche this morning at €175 ex-négociant, up 8% on the initial 2011 en primeur release price (€162):

Wine Lister Fact Sheet Les Forts de Latour 2010

You can download the slide here: Wine Lister Fact Sheet Les Forts de Latour 2010

Yquem 2015

Analysis of Yquem 2015, which has been released this afternoon at €250 ex-négociant, the same as 2014, with a UK RRP of £264, an increase of 11% on 2014:

Wine Lister Fact Sheet Yquem 2015

You can download the slide here: Wine Lister Fact Sheet Yquem 2015

Flying fifths: in a class of their own

The 1855 Bordeaux classification might well be considered one of the earliest examples of a wine rating system. Classifying wines by six categories – including “unclassified” – might seem restrictive now (compared to Wine Lister’s 1,000 point scale), but the classification has proven to be highly influential and durable. This week’s Listed section focuses on the five Bordeaux fifth growths with the highest overall Wine Lister score, giving us an opportunity to see how the 160-year-old classification stacks up today.

Listed - Top Fifth Growths Image

Whilst the 1855 classification used price as the yardstick by which a wine should be rated, Wine Lister’s holistic approach also takes into account quality, brand strength, and other economic metrics. The outcome is that with an average Wine Lister score of 881, these flying fifths outperform both the top five performing third growths and fourth growths (average of 863 and 834 respectively), beating the two classes across every category. Nonetheless, the top fifth growths trail the most highly-rated second growths and the five first growths by 48 and 86 points respectively overall.

Pontet-Canet is the leading fifth growth, with a score of 912. While all five wines perform well in terms of Brand score, Pontet-Canet’s first place position is supported by an excellent Quality score of 905, nearly 60 points above Grand-Puy-Lacoste, the second highest rated of the five in terms of quality.

Lynch-Bages comes next. Whilst it performs well in the Quality and Economics categories, it is in the Brand category that it comes into its own, with a near-perfect score of 998 putting it alongside first growths Haut-Brion and Margaux.

Grand-Puy-Lacoste takes third place with 886, scoring well across the board. It is one of the four Buzz Brands of the group, a fact which confirms that these top fifth growths currently confer more prestige than their third and fourth growth counterparts, which see fewer Buzz Brands within their respective top fives.

The last two spots are filled by wines from the Baron Philippe de Rothschild stable – Clerc-Milon and d’Armailhac. The former achieves the highest Economics score of the group – 908 – thanks to excellent price performance over both the long and short-term. Meanwhile, d’Armailhac’s score of 840, whilst 30 points below Clerc-Milon, puts it above all but four third and fourth growths.

These results blur the lines between the traditional classifications, demonstrating that price can no longer be looked at in isolation, and suggesting that a more nuanced and flexible approach needs to be taken in rating wines.

Remember that there are many ways to search Wine Lister, including by score, geography, and classification – which is how we calculated the findings above.

 

Value for money? Look to Bordeaux

One of Wine Lister’s four Indicators, Value Picks identify the wines and vintages which have the best quality to price ratio, with a proprietary weighting giving more importance to quality, thus giving the finest wines a look-in.

With the latest price data in, 28 new wines have recently qualified as Value Picks. While Value Picks are calculated using a three-month average bottle score for accuracy (in order to take into account any price fluctuations), we have shown the current price per bottle below for ease of comparison. Please note that the price shown is excluding duty and VAT, and often reflects prices available only when purchasing a full case:

Value Picks_2017

Bordeaux dominates the new Value Picks, filling 11 of the 28 spots. Margaux’s Prieuré-Lichine seems a particularly keenly-priced brand at the moment, with both its 2015 and 2016 vintages now Value Picks. With Wine Lister Quality scores of 891 and 912 respectively – very strong and amongst the strongest on Wine Lister’s 1000 point scale – and both priced under £30, they represent excellent value buys. Within Bordeaux, Pessac-Léognan is home to the highest number of new Value Picks. Of those, two are white, with Château Carbonnieux Blanc 2014 and Château Olivier 2015 achieving very similar Quality scores (809 and 806 respectively), and each priced at just £20.

The other wine to feature twice in the latest update is Domaine de Cristia Châteauneuf-du-Pape, with its 2010 and 2007 vintages. The former, which achieves a Quality score of 763, is available at just £18 per bottle. With plenty of life left in it, it looks like a great buy.

Three Piedmontese wines recently qualified as Value Picks – M. Marengo Barolo Brunate 2010, Giacomo Conterno Barbera d’Alba Cascina Francia 2010, and La Spinetta (Rivetti) Barbera d’Alba Gallina 2007. All three achieve powerful Wine Lister Quality scores of over 900 points. You might buy Giacomo Conterno’s wines to impress – the Barolo Cascina Francia is a Wine Lister Buzz Brand, but also averages £157 per bottle. If you’re looking for something more appropriate for a weeknight, the 2010 vintage of the same producer’s Barbera d’Alba, priced at just £30, would be an excellent Value Pick – a perfect example of how Wine Lister’s indicators can help you find the right wine for any situation.