Recent trading activity
Bordeaux dominated activity over the weekend (10th-12th December), accounting for 71.4% of total trade. Le Pin 2005, Château Lafite Rothschild 2018, Château Margaux 2005, Château Mouton Rothschild 2019 and Château Cheval Blanc’s 2019 and 2006 vintages were among the top traded wines by value.
Burgundy was low on buyers’ radars this weekend, accounting for just 5.4% of trade. There was slightly more interest in Champagne, which accounted for 7.7% of trade – Bollinger’s PN TX17 was the top traded wine by volume.
Multiple high scores for ‘outstanding’ 2016s
In a recent retrospective for The Wine Independent, Lisa Perrotti-Brown MW awarded 11 wines from the Bordeaux 2016 vintage 100-point scores.
Her basket of top-scoring wines have an average price of £5,558 per dozen and have shown impressive returns of 37.8% on average since their release.
The 2016 vintage is remembered as one of the great modern vintages in Bordeaux. Upon release the wines were roundly praised.
However, Perrotti-Brown was initially concerned that a few years in bottle would reveal ‘flaws, shortcomings, and ageing arcs’. Fortunately, instead she found ‘an incredible vintage that produced many outstanding wines and an impressive number of extraordinary ones from throughout Bordeaux’.
This was clear from her scores which included 11 100-point wines, eight 99-pointers and a further 12 wines with 98+ or 98-points.
*made using the Liv-ex Charting Tool.
Their full performance can be seen in the chart and table above, with several: Vieux Château Certan, Lafleur, Château Léoville Las Cases, Château Mouton Rothschild, and Château Cos d’Estournel, all outperforming the Bordeaux 500 index since their release.
Looking at Liv-ex’s Fair Value tool, Cos d’Estournel 2016 offers relative value. Perrotti-Brown also gave the wine 100-points earlier in its life when she was Editor of the Wine Advocate.
She has awarded two vintages of Cos d’Estournel 100-points, the other being 2009, which has a Market Price of £2,600 – 43.9% more than the 2016.
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.
