- Château Canon 2023 has been released at £1074 per 12×75.
- Lisa Perrotti-Brown MW awarded the wine her top score, a potentially perfect 98-100 points.
- At this price, buyers may turn to back vintages for value opportunities.
As part of this year’s Bordeaux En Primeur campaign, Château Canon 2023 has been released at €90 per bottle ex-négociant, down 25.0% on the 2022 release (€120 per bottle).
It is being offered by the international trade for £1074 per 12×75, a decrease of 25.4% on the 2022’s opening price (£1,440 per 12×75).
The new release is one of the more expensive vintages of the past decade available on the market. Buyers looking value opportunities have options among back vintages, including the 2014 and 2018 vintages. See more pricing analysis below.
Critical response
According to Jane Anson ‘finesse and saline limestone character are on full display’ in the 2023 Canon. She awarded a score of 96 points .
Lisa Perrotti-Brown MW (The Wine Independent) awarded the 2023 Canon a potentially perfect 98-100 points, a score she gave to only seven wines this vintage. She described the wine as ‘absolutely ethereal’ praising its ‘compelling tension’ and ‘long and fragrant’ finish.
Neal Martin (Vinous) gave a score of 94-96 points. While he calls the wine ‘excellent’, he adds that the 2023 is ‘perhaps not quite as complex as the very best recent vintages’.
Also awarding 94-96 points, Antonio Galloni (Vinous) describes the 2023 as ‘a wine of classicism and reserve, less overtly expressive than most recent vintages’.
According to William Kelley (The Wine Advocate), the 2023 Canon is another brilliant wine from a property whose excellence can almost be taken for granted. He awarded a barrel range of 96-98 points, noting aromas of ‘mulberries and raspberries mingled with spices, rose petals, licorice and violets’.
James Lawther MW (Jancis Robinson) called the wine ‘elegant and true to its limestone-plateau origin’ and gave it a score of 17+/20 points.
Pricing analysis
According to the Liv-ex Fair Value methodology, Market Prices of Château Canon are 72.3% correlated with scores from Neal Martin, Liv-ex members’ most trusted critic. As shown in the chart below, today’s release falls above the Fair Value regression line. While fans of Perrotti-Brown may still take interest in today’s release, it is one of the more expensive vintages of the past decade available on the market. There are options available in back vintages for buyers interested in Fair Value opportunities.
The 2014, 2017, 2018 and 2020 vintages all fall below the trend line and represent Fair Value.
Receiving Neal Martin’s second highest score of the decade of 96 points, the 2018 vintage may be a compelling option for buyers. With a Market Price of £850, it is available at a 20.9% discount to today’s release.
Fans of Jane might also consider the 2019 vintage, which she awarded a perfect 100-point score. Though it falls above the trend line, it is available at an 11.5% discount to the 2023.
The slightly lower-rated 2014 vintage, at a Market Price of £580, may serve as a good entry point into Château Canon.
Use our ready-made list to easily spot opportunities in back-vintages of Château Canon and other Bordeaux 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.
