- Château Léoville-Las-Cases 2023 has been released at £1,662 per case.
- The wine has a barrel score of 95-97 points from Neal Martin.
- Buyers looking for value might want to consider the 2015 and 2019 vintages.
As part of this year’s Bordeaux En Primeur campaign, Château Léoville-Las-Cases 2023 has been released at €138 per bottle ex-négociant, a 40.0% decrease on the 2022 release (€230 per bottle). Today’s release falls exactly on the Liv-ex Fair Value line.
It is being offered by the international trade for £1,662 per 12×75, a 40.0% decrease on the 2022’s opening price (£2,772 a case).
Château Léoville-Las-Cases has secured a spot in the last six editions of Liv-ex’s Power 100. Despite achieving standout scores for their 2022 release, their rank has fallen over the past few years, now positioning them 69th.
At this price, the 2015 and 2019 vintages look good value in relation to today’s release. See more pricing analysis below.
Critical response
Neal Martin (Vinous) notes that the wine ‘is imbued with an attractive estuarine element – aromatics that transport the imbiber to the bank of the Gironde’, scoring it 95-97 points.
Jane Anson (Inside Bordeaux) scored the wine 98 points. It is ‘structured and powerful’ she says, but ‘not as forbidding as En Primeur in many [other] vintages of Las Cases’.
WIlliam Kelley (The Wine Advocate) gave a score of 94-96 points, noting that it will ‘require and reward patience’.
Lisa Perrotti-Brown MW (The Wine Independent) awarded a range of 95-97+ for wine, hailing that ‘this should be a very long-lived Las Cases!’.
Château Léoville-Las-Cases 2023 pricing analysis
According to the Liv-ex Fair Value methodology, Neal Martin’s scores are 78.4% correlated with the Market Prices of Château Léoville-Las-Cases.
Buyers seeking opportunities in back-vintages may want to consider the 2019, which received a Neal Martin score of 97. It is currently available at £1,600 per 12×75, a discount of 3.7% to today’s release. Although the 2019 vintage should now be considered Fair Value, it is currently available at an 8.4% discount to its ex-London opening price.
The 2015 might also be interesting, available at £1,650 per 12×75, with 97 points and more time in-bottle
For further insight and to easily spot trading opportunities, consult our ready-made list of Bordeaux Left Bank wines.
Our Bordeaux En Primeur 2023 page contains everything you need to know about this year’s campaign. You can also sign up for our daily En Primeur email alerts using the form below.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real-time activity of Liv-ex’s 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 20,000 wines.
