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April Activity on the Fine Wine Market

9th May 2016


The market’s benchmark index, the Liv-ex Fine Wine 100, closed April on a high for the fifth consecutive month for the first time since early 2011. So far this year, the index has gained 6.1%.  The bid:offer ratio at the end of the month – the amount of bids received against offers made – was 1.63, a clear sign of healthy demand.

Trade in top Bordeaux wines was divided between vintages of the highest perceived quality – the 2000s, 2005s, 2009s and 2010s – and the lowest market price, namely the 2013s. Burgundy edged up into second place again with 7.5% of total activity by value.

 

Parker retains power over fine wine prices

The world’s most influential wine critic has stepped down from his position as official reviewer of Bordeaux wines… but this doesn’t mean he won’t dabble in an old passion every now and again.

Last month, Parker published a column in the Hedonist’s Gazette with an update on his scores for several of the 2009s, following a tasting in Baltimore earlier this year.

“As I have written and said publicly many times, 2009 is the modern-day version of 1982, except much more consistent,” he wrote. “These amazing wines are not only showing their individual, singular terroir characteristics, but the luxurious, extravagant richness and body of this vintage.

Pape Clement (chateau pictured above) was the star of the evening, gaining a 5-point upgrade and emerging with a perfect 100-point score. In 2012, Parker had said that it “may not be as sublime as the 2005 or 2000” but it was “very close”.

Liv-ex recently announced that Pape Clement 2009 had traded at a whopping 47.9% increase on its last trade price – it’s highest ever market price – showing just how much clout old Parker still has.

 

Rising Rhone

The highest riser this year has been Clos Papes 2010 from the Rhone valley, a region that has historically been one of the weaker performers.

With a 21.1% gain since December 2015, this wine is indeed showing promise in terms of investment value. Here’s what Jeff Leve of the Wine Cellar Insider had to say about it.

“Move on over 2007 and make room for the 2010. Until now, I was sure the best vintage of Clos des Papes was the sublime 2007. As good as that wine is, the 2010 is even better! This is intense, pure, rich, mouth coating and long, yet everything is in balance and harmony with its decadent layers of perfectly ripe, lush, opulent layers of fruit. There is so much depth and focus to this wine, it’s close to off the charts! At close to 16% alcohol, there is no sensation of heat as it’s buried under the avalanche of fruit.” 98 points (May 2013).

 

Wondering which 2015 to go for? Buy Margaux!

Chateau Margaux was unanimously voted “wine of the vintage” by Liv-ex members in the annual En Primeur survey, with Haut Brion and Cheval Blanc coming second place.

On the whole, the 2015 vintage received 94.6 points from members, who compared it to the 2005 and 2001 in terms of quality. Nearly three quarters of members predicted a rise in demand on last year for the vintage, though they also foresaw an 18% price hike in Euro terms.

 

Bordeaux 2015 at Capital Vintners

Capital Vintners will soon be stocking up on all the best 2015 wines and offering them at our usual competitive prices, so stay tuned for further updates. Alternatively, give one of our experienced brokers a call for some professional investment advice.

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