- Château Margaux 2023 has been released for £4,320 per 12×75.
- ‘A quintessential Margaux’, said Neal Martin, who awarded a score of 97-99 points.
- While today’s release may present reasonable value, there are options available in back vintages.
As part of this year’s Bordeaux En Primeur campaign, Château Margaux 2023 has been released at €360 per bottle ex-négociant, down 30.2% on the 2022 release (€516 per bottle).
It is being offered by the international trade for £4,320 per 12×75, a 30.2% decrease on the 2022’s opening price (£6,192 a case).
Château Margaux has secured a spot within the top 50 of the last six editions of the Liv-ex Power 100. Today’s release may offer up reasonable value to those able to secure an allocation. There are options available for those seeking opportunities in back vintages. See more pricing analysis below.
Critical response
Jane Anson described the 2023 vintage as a ‘classical Margaux , with the savoury quality of the best wines of the year, a ton of fine tannins and with a sculpted architecture’. She awarded the wine a score of 98 points, her joint-second highest of this vintage.
Antonio Galloni (Vinous) awarded the wine a potentially perfect score of 97-100 points. Calling the wine ‘fabulous, sensual, silky and exceptionally polished’, he notes aromas of ‘spice, new leather, menthol, licorice and rose petal’.
Neal Martin (Vinous) calls the 2023 a ‘quintessential Margaux’, awarding a score of 97-99 points. He adds that the wine is ‘exquisitely defined and very focused with supremely well integrated oak’.
James Lawther MW (Jancis Robinson) gave a score of 17.5/20 points. According to him, the wine possesses ‘a certain drive and persistence but perhaps not quite the depth of top years’.
According to Lisa Perrotti-Brown MW (The Wine Independent), ‘the palate is elegantly crafted, with fabulous tension creating an exhilarating sense of energy in the mouth, offset by firm fine-grained tannins to support the vibrant red and black berry layers, finishing long and perfumed’. She awarded a score range of 97-99 points.
WIlliam Kelley (The Wine Advocate) gave a score of 95-97 points, noting aromas of ‘cassis, violets, spring flowers and sweet tobacco, framed by a deft touch of new oak’.
Pricing analysis
As one of the less expensive vintages of the past decade available on the Market, the 2023 vintage may provide reasonable value to buyers. There are other options available for those seeking opportunities in physical back vintages.
The 2020 vintage, also receiving 98 points from Neal Martin, may be a compelling alternative. At a Market Price of £4,700, it is available at an 8.8% premium to today’s release.
The 99-point 2019 vintage is available at a 21.5% premium to today’s release. At a Market Price of £5,250, it has increased in value by 25% since its original release at £4,200. The wine received a perfect 100-point score from both Jane Anson and Lisa Perrotti-Brown MW.
From a proven vintage and benefitting from extra time in bottle, the 2016 may also be of interest. The wine received a score of 98 points from Neal Martin and is available at an 18.1% premium to today’s release.
Use our ready-made list to easily spot opportunities in back-vintages of Château Margaux and other First Growths.
Other releases
The second wine of Château Margaux, Pavillon Rouge du Château Margaux 2023 has been released today at £1,440 per 12×75.
Pavillon Blanc du Château Margaux 2023 has also been released at £2,880 per 12×75.
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.
