Recent trading activity
Bordeaux’s trade share crept up over the weekend, accounting for 48% of the market by value, led by Chateau Petrus 2016 and Chateau Les Carmes Haut-Brion 2016 and 2018.
Champagne was also in the spotlight this weekend. Dom Perignon 2013, Louis Roederer Cristal 2008 and Krug Vintage Brut 2008 all changed hands.
The best value Promontory vintages
In light of Promontory’s 2018 release on Wednesday, we take a look at the wine’s secondary market performance and the best value opportunities among its back vintages.
The 2017 vintage was released back in October (delayed) via La Place de Bordeaux, at £9,480 per 12×75.
Critical Review
Both Lisa Perrotti-Brown (the Wine Independent) and Antonio Galloni (Vinous) have awarded this year’s release 100-points.
In her tasting note, Perrotti-Brown said ‘while it unquestionably displays its Napa Valley DNA, this is a wine of such singular expression and evocative beauty it’s sure to have you picking your jaw up off the floor’.
Galloni agreed the wine ‘is as phenomenal as it has always been’. He went on to say that the wine was ‘constantly changing in the glass’ and ‘a magical, exquisite Cabernet Sauvignon’.
Fair Value
As the chart above shows, both the 2013 and 2014 vintages are some of the best-value Promontory opportunities in the market today.
The 2013 was scored 99 points by Robert Parker, while the 2014 received 99 points from Lisa Perrotti-Brown (when writing for the Wine Advocate). Both wines are available at a discount to other vintages currently available.
The 2012, which has a Market Price of £6,200 per case, also boasts 97 points from Robert Parker.
When it comes to price performance, the 2009 (41.7%), 2010 (14.5%) and 2011 (8.7%) vintages have been the biggest risers in the last year.
There are currently over 40 LIVE Promontory 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 620 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.
