Tag: Economics Score

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.

Pol Roger Cuvée Sir Winston Churchill 2006

Analysis of Pol Roger Cuvée Sir Winston Churchill 2006, which has been released today in the UK at £100 per bottle, with a Wine Lister Quality score of 983 – its best ever:

Wine Lister Fact Sheet Pol Roger Cuvée Winston Churchill 2006

You can download the slide here: Wine Lister Fact Sheet Pol Roger Cuvée Sir Winston Churchill 2006

 

Palmer 2006

Analysis of Palmer 2006, which has released a tranche this morning at €215 ex-négociant, up 72% on the initial 2007 en primeur release price (€125):

Wine Lister Fact Sheet Palmer 2006

You can download the slide here: Wine Lister Fact Sheet Palmer 2006

Fargues 2014

Analysis of Fargues 2014, which was released recently at €120 ex-négociant, the same as the 2013 release price, with a Wine Lister Quality score of 874:

Wine Lister Fact Sheet Fargues 2014

You can download the slide here: Wine Lister Fact Sheet Fargues 2014

 

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

Hommage à Jacques Perrin 2015 release

Hommage à Jacques Perrin 2015 has been released today at £247 per bottle. We summarise all the key facts below:

Hommage a Jacques Perrin 2015

You can download the slide here: Wine Lister Factsheet Hommage à Jacques Perrin 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.