Recent trading activity
Trade this weekend was centered around Bordeaux, accounting for 60.6% of trade value. Some classic vintages have been in the spotlight in recent days: Haut-Brion 1989, Lafite Rothschild 1982, Mouton Rothschild 2000 and Pétrus 1996.
There were also all-time high trades on Friday for Latour 2013 and Vega Sicilia Unico Ribera del Deuro 2011, which traded at £389 (1×75) and £732 (3×75) respectively.
Jane Anson’s top-scoring Léoville Las Cases
Last week Jane Anson published her scores from a retrospective of Château Léoville Las Cases.
In the report, Anson said that she ‘often call[s] Las Cases the most Burgundian wine of Bordeaux, because it can frustrate and delight in equal measure’.
However, she added ‘if you are lucky enough to catch it at the exact right moment, it blows everything else out of the water.’
Her top-scoring wine was the 2016 vintage, which she awarded a perfect 100 points. In her tasting note, she said the wine ‘is flying high and will only get better and better over time’.
Anson gave the 2009 and 1989 vintages her the second-highest scores, with both receiving 98 points.
Anson’s top-scoring wines can be seen in the table above. The full report and tasting notes can be found here.
Opportunities for Léoville Las Cases
Using Liv-ex’s ‘Fair Value’ methodology, Léoville Las Cases prices are 56% correlated to Neal Martin and 55% to Wine Advocate scores.
The methodology hypothesises that, over time, wines will tend toward their ‘Fair Value’ price (i.e. the line of regression).
Typically, though not always, the most ‘undervalued’ wines provide the best potential returns as the price moves up to ‘Fair Value’ in the secondary market, whereas ‘overvalued’ wines might underperform going forward.
When comparing to Wine Advocate scores, the 98-point 2015, 2017 and 2019 vintages fall below the line.
*made using the Fair Value Tool.
Whereas, Neal Martin scores suggest that the 2006, 2008, 2014, 2015, 2019 and 2020 might represent relative value.
*made using the Fair Value Tool.
Liv-ex members on Silver packages and above can explore more using the Fair Value Tool.
There are currently over 328 LIVE Léoville Las Cases opportunities on your exchange.
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 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.
