Extract: Illustrative analysis of en primeur release prices
Amongst other findings, Part II of Wine Lister’s annual Bordeaux Study, ‘Reaching for the stars’, examines how en primeur pricing over recent vintages compares with quality levels and secondary market prices, to consider what success in Bordeaux’s 2022 campaign might look like.
Extracted from the report, the chart below provides an illustrative analysis of the 2022 en primeur release prices, based on the 110 wines1 covered in the study. As the bulk of releases are yet to enter the market, this is an entirely theoretical projection which, if applied on a case-by-case basis, could nevertheless be a useful benchmark.
An extract from Part II of Wine Lister’s 2023 Bordeaux Study, providing an illustrative analysis of the 2022 en primeur release prices
Wine Lister’s Quality score aggregates recently-published scores from our five Bordeaux partner critics – Antonio Galloni and Neal Martin for Vinous.com, Bettane+Desseauve, JancisRobinson.com, and Ella Lister for Le Figaro – plus a small weighting for their average drinking window. By comparing the Quality score of the 2022 vintage (the highest ever recorded – 927) with the average of the most similar vintages (2015, 2016, 2018, 2019 and 2020), we obtain a quality-price ratio (QPR) of 6.66.
By dividing the Quality score of the 2022 vintage by this same QPR, we obtain a theoretical future market price of €160 for the 2022 vintage. To this price, we apply a discount of between 10% and 25%, corresponding to the minimum saving that consumers would expect to make versus buying the physical product two years later. This gives us an average release price of between €120 and €144 per bottle. By subtracting the average importers’ margin, we arrive at an average ex-négociant release price of €103 to €123 per bottle, i.e. -5% to +26% compared to the ex-négociant release price of 2021.
Out of the 48 releases covered by Wine Lister at the time of publishing, the average release price of the 2022 vintage is €71.3, compared to €62.6 in 2021, representing an increase of 14%.
1Some wines have been excluded due to a lack of regular en primeur releases or unreasonable prices.
Head to Wine Lister’s analysis page here to purchase the full study in English and French, while Pro Subscribers can access their copy for free here.
With a bank of knowledge on some of the world’s most delectable wines, sommeliers have the ultimate insider insight into which bottles are worth picking up. With this in mind, Wine Lister asked some of the world’s top sommeliers to share with us their favourite wines retailing for under £35 per bottle.
Clockwise from top left: Joshua Castle (Noble Rot), Lesley Liu (Odette), Marc Almert (Baur au Lac), Martin Jean (Domaine les Crayères), Sara Rossi (Trinity)
Joshua Castle (Noble Rot, London)
Joshua contends that “without a shadow of a doubt, Greece is producing some of the best value-for-money wines”, noting that “the most successful producers are tapping into the country’s long viticultural history, wealth of old vines, and indigenous varieties”. He cites white wines produced from grapes such as Robolla, Roditis, and Savatiano “have been a huge success in the UK on-trade” while his pick his for “a great-value Greek wine is the red Agiorgitiko ‘Natur’ from Tetramythos, a producer based in the Peloponnese”. “Acidity, fresh flavours, and light extraction are on the agenda”, according to Joshua, who admires winemaker Panagiotis Papagiannopoulos’ tempering of Agiorgitiko’s often tannic profile – resulting in a bright crunchy expression. “I first drank it at the fantastic central Athens wine bar ‘Heteroclito’ where its energetic fruit, moderate alcohol, and glou-glou style has me hooked.”
Agiorgitiko ‘Natur’ 2021 can be found in Noble Rot’s London wine shop, Shrine to the Vine, for £17 per bottle
Lesley Liu (Odette Restaurant, Singapore)
Lesley recommends a Torrontés, citing how well it compliments the tropical climate of Singapore with its refreshing minerality and “lingering floral and sweet notes of delicate exotic fruit, fleshy citrus, and wild honey”.
Lesley is particularly impressed by the barrel-fermented Torrontés produced by Susana Balbo – the first woman in Argentina to graduate with a degree in oenology. Lesley describes it as “a new chapter for Torrontés”, due to the complexity imparted by the French oak barrels – “an unusual choice for aromatic varieties”. She commends the versatility of the grape, which lends it to being a great match for all manner of Asian dishes as its “acidity can cut through the oil present”.
Susana Balbo Signature Barrel Fermented Torrontés 2019 can be found in Roberts and Speight from £18 per bottle.
Marc Almert (Baur au Lac, Zürich)
Marc points to the wines of Côtes du Rhône for “some of the true best-buys in French wine”, and advocates looking beyond the big-name appellations such as Châteauneuf-du-Pape and Côte Rôtie, and instead towards smaller regional appellations which “often offer great ‘bang for your buck’, whilst displaying a sense of terroir”.
Marc recommends the Mistral Domaine de Ferrand. “The Bravay family named this highly-quaffable entry into their portfolio after the namesake northwesterly wind which is key to Rhône Valley viticulture.” He praises its palate, which boasts “a rich array of violet, spice, and of course dark red fruits” and says that “it possesses a great acidity back-bone, soft tannins despite its youth, and is the kind of red wine I like to enjoy after a long service.”
Mistral Domaine de Ferrand 2020 is available from Hedonism Wines for around £19 per bottle.
Martin Jean (Domaine les Crayères, Reims)
Martin shares a recent favourite from a blind tasting with friends – “a sommelier friend had brought the Jaspe 2016 cuvée from Dominique Hauvette. It was a real favourite during the tasting, and something that I would want to share around a barbecue, with some grilled spiny lobster, decorated with some Provençal tomatoes, and an eggplant pie – simple dishes to share with family and friends.”
Martin praises this biodynamic, Roussanne-dominated cuvée for “its balance, its vibrancy, and saline notes”.
Domaine Hauvette ‘Jaspe’ 2016 is currently difficult to find in the UK, but can be found in outlets abroad such as Terroirs in Dublin from around £34 per bottle (excl. shipping).
Sara Rossi (Trinity Restaurant, London)
Sara has always been “fascinated by Slovenian wines because of their unique style and personality”. She particularly recommends Cotar Terra Rossa, a blend of Teran, Merlot, and Cabernet Sauvignon, describing its “delicate aromas of violet, sour red cherries, rosemary, and sage”. Sara praises its “refreshing acidity and firm tannins”, as well as its “long and complex finish”. Her ideal pairing for Terra Rossa would be “homemade truffle linguini pasta or roast grouse”.
Though currently unavailable in the UK, Cotar Terra Rossa 2009 can be found in European retailers such as Germany’s Vinoteca Maxima from £22 per bottle (excl. shipping).
As another week of Bordeaux 2020 en primeur releases draws to a close, the campaign has begun to show signs of speeding up, with some compelling releases entering the market over the past three days.
Below we examine releases from Laroque (Wednesday 19th), Lafon-Rochet (Thursday 20th), and Branaire-Ducru and Batailley (Friday 21st).
Lafon-Rochet’s latest release is a “very successful 2020”, according to Wine Lister partner critic, Jancis Robinson
Released at £18.95 per bottle (in-bond), Laroque was described by Wine Lister CEO, Ella Lister as having an “ebullient, classy, very cassis nose”, developing into a “serious, structured wine on the palate”. The estate has seen recent improvements and investments to achieve a higher quality, starting with the hiring of David Suire in 2015, and the 2020 is no exception in the recent pattern of excellent value for money.
Lafon-Rochet’s latest vintage also illustrates the property’s upward quality trajectory. Having been awarded 17 points from Wine Lister partner critic, Jancis Robinson, (up from 16.5+ for the 2019) she describes it as a “very successful 2020” and congratulates owner, Basile Tesseron, for “producing something so appetising and groundbreaking”. Entering the market yesterday at c.£27.10 per bottle (in-bond), the vintage marks a year of development at Lafon-Rochet. As well as embarking on an agroforestry scheme in 2020 to enrich its environment, the latest release marks the inaugural collaboration of Jean-Claude Berrouet and Eric Boissenot, who worked together on its blending (recap our blog here). The price positioning of this top-quality vintage 10% below the 2019 market price has reportedly been very well-received.
Cru Classés Branaire-Ducru and Batailley were released this morning. Having made a name for itself as offering exceptionally good value within the Saint-Julien appellation, Branaire-Ducru’s latest release (at £31 per bottle in-bond) enters the market at an average 11% and 22% below than current availability of the 2019 and 2018 respectively.
Writing for JancisRobinson.com, James Lawther awards Batailley 2020 17 points, describing it as “Solid, subdued and distinctly Pauillac”. At c.£28 per bottle (in-bond), it enters the market under current average market prices of the last six vintages.
Keep track of en primeur releases on Wine Lister’s dedicated En Primeur Page here.
With the bank holiday weekend approaching, Wine Lister has selected 10 mature Bordeaux MUST BUYs that promise to please with your Easter Sunday lunch. Boasting at least nine years of ageing, these top picks are available to purchase for under £100 (per bottle in-bond, when purchasing by the case in general).
Check out all of our Bordeaux MUST BUYs here, or read more below.
Regarded as a top-quality year for Bordeaux across appellations four of the 10 MUST BUY picks hail from 2009. Following a wet spring that provided plentiful water reserves, the summer of 2009 saw almost perfect growing conditions with minimal disease pressure, and many great wines from the vintage are beginning to either their optimum drinking window.
Described by Wine Lister partner critic, Jancis Robinson, as “very winning and opulent” with “massive volume and finish”, Margaux’s Malescot Saint-Exupery achieves a WL score of 93 in 2009. The property has exhibited an upward quality trajectory since the turn of the century, with the legendary Michel Rolland consulting on its production of a single, unfiltered and unfined wine. The 2009 vintage can be purchased from Fine+Rare for £71 per bottle (in-bond).
Grand-Puy-Lacoste’s 2009 vintage receives 18 points from Robinson, who notes; “a very sweet start. Herbal and interesting. Lots of fine tannin and savour. Very distinctive and ambitious”. Marking the estate’s highest WL score since its 1990 vintage (94), the 2009 is available to purchase from Bordeaux Index for £59 per bottle (in-bond).
Another classic left bank brand, Gruaud-Larose’s 2009 is described by Wine Lister partner critic, Neal Martin (Vinous), as offering refined aromas of “blackberry, cedar and leather”, and a “fine bead of acidity [with] great precision on the brown spice infused finish”. Hailed for the longevity of its wines, this can be enjoyed now, or aged for at least 10 more years. It is available from Bordeaux Index for £81 per bottle (in-bond).
Moving across to the right bank and back a few vintages, 2005 Le Bon Pasteur achieves the property’s highest ever WL score (94), and is described by Wine Lister partner critic, Bettane+Desseauve as offering notes of “dark fruits and fine chocolate”, and a “refined tannic structure, brilliant length and freshness”. With over 15 years of age, and only 2,500 bottles released, it has limited remaining market availability, but can be sought out for £100 per bottle (in-bond) from Cru World Wine.
Slightly south in Saint-Émilion, our chosen younger offering from Larcis-Ducasse – the 2012 – is available from Cult Wines for £41 per bottle (in-bond), making it the least expensive of the group. While rain in October forced many left bank estates to pick their late-ripening Cabernet Sauvignon earlier, the predominance of Merlot on the right bank saw its wines perform comparably better in 2012. Wine Lister partner critic, Jeannie Cho Lee, describes the 2012 Larcis-Ducasse as an “elegant, full bodied red with opulent tannins and wonderful energy”.
Last but not least, Saint-Estèphe star Cos d’Estournel makes the cut for its 2008 vintage. Robinson describes it as “very luscious and round” with a “strong blackcurrant element” and “surprisingly gentle tannins”. Achieving a WL score of 94, it is available to purchase by the bottle from Lay & Wheeler for £88 (in-bond).
Home to a range of grape varieties, styles, and DOCGs, Tuscany also offers excellent wines at a variety of price points. To help you on your hunt for a top Tuscan bottle within your budget, Wine Lister has compiled a selection of Tuscany MUST BUYs at five different price points.
Click here to view all Tuscan MUST BUYs, or read more below.
Prices are shown per bottle in-bond (when buying by the case).
Under £20 – 2011 Fattoria La Massa La Massa
Founded in 1992 by prominent Chianti winemaker, Giampaolo Motta, Fattoria La Massa represents his aim of applying Bordeaux vinification techniques to a Tuscan terroir. With the counsel of famed Bordeaux vigneron, Stéphane Derenoncourt, Motta now grows Cabernet Sauvignon, Merlot, and Petit Verdot alongside native Sangiovese. La Massa comprises 60% Sangiovese, 30% Cabernet Sauvignon, and 10% Merlot in 2011, and is described by Wine Lister partner critic, Antonio Galloni as “jumping from the glass with dark red cherry, raspberry jam, plum, spices, violets, smoke and cloves”. With a WL score of 92, it is available to purchase from Bordeaux Index for £16 per bottle (in-bond).
Under £50 – 2015 Felsina Fontalloro
Felsina has seen a significant shift toward organic and biodynamic practices since its founder, Domenico Poggiali’s son-in-law, Giuseppe Mazzocolin, took over in the late 1970s. As well as investing heavily in a more natural viticulture, the estate has adopted a dedication to revealing the expression of its terroir. The 2015 Felsina Fontalloro was awarded 96 points from Antonio Galloni, who indeed notes that “sandy soils confer aromatic intensity to this super-expressive, arrestingly beautiful wine”. It can be purchased from Brunswick Fine Wines for £44 per bottle (in-bond).
Under £100 – 2016 Tenuta Tignanello Tignanello
Antinori’s Tenuta Tignanello property fared notably well in 2016, with its namesake wine, Tignanello achieving its joint-highest WL score alongside its 2015 vintage (98). Antonio Galloni describes the 2016 Tignanello as “flat out stunning”, and muses, “I don’t think there is another wine anywhere in the world made entirely from estate fruit that can match Tignanello for quality, consistency and value”. A blend of 80% Sangiovese, 15% Cabernet Sauvignon, and 5% Cabernet Franc, it can be acquired from Fine+Rare Wines for £92 per bottle (in-bond).
Under £200 – 2015 Montevertine Le Pergole Torte
Considered a difficult place for any agricultural production, Radda was an unusual location for Montevertine’s founder, Sergio Manetti to establish his property in 1967. In one of the highest and rockiest sites in Chianti Classico, its steep hills are now home to top-quality Sangiovese vines from which its three wines – Pian del Ciampolo, Montevertine, and Le Pergole – are produced. Antonio Galloni awards 97 points to the 2015 Montevertine Le Pergole Torte, calling it “deep, powerful and resonant […] exotically ripe and flamboyant, not to mention utterly captivating”. It can be bought from IG Wines for £129 per bottle (in-bond).
Over £300 – 2008 Soldera Case Basse Sangiovese
Achieving 18 points from Wine Lister’s partner critic, Jancis Robinson, Soldera’s 2008 Case Basse Sangiovese is described as “so different from most Brunello” with a “reserved nose of autumnal leaves”, and a “real tang on the end”. Having separated from the Brunello di Montalcino DOCG in 2006, all vintages from 2007 onwards are labelled as Toscana IGT. The 2008 marks a shift away from the estate’s usual vinicultural methods, having been aged for a period in stainless steel before bottling. Antonio Galloni notes that it is indeed “quite different from virtually every other wine made at Case Basse”. The 2008 Case Basse Sangiovese can be bought from Fine+Rare Wines for £387 per bottle (in-bond).
Widely considered the most romantic (if most expensive) day of the year, Valentine’s day often brings with it pressure to spend more to prove one’s admiration. To help you avoid compromise on your Valentine’s day drinking, Wine Lister has put together a list of red Value pick MUST BUYs with WL scores above 95.
Click here to view all red Value pick MUST BUYs, or read more below.
Of the 37 red Value Pick MUST BUYs earning WL 95 and over, a substantial 27 wines hail from Italy, suggesting the impressive quality-to-price ratios offered by many of the country’s producers.
A passion for Piedmont
Famed Piedmont cooperative, Produttori del Barbaresco appears three times on the list, with the 2014 vintages of its Montefico Riserva, Montestafano Riserva, and Ovello Riserva. Despite hailstorms damaging several Barbaresco vineyards in 2014, Produttori’s premium sites are subject to rigorous grape selection, meaning its single-vineyard wines retained quality in the vintage. Achieving the highest score of the three labels from Wine Lister partner critic, Antonio Galloni (96) who calls it a “potent, structured Barbaresco”, the Montefico Riserva can be purchased from Hatton & Edwards for £42 per bottle (in-bond).
Tenderness for Tuscany
Moving further south, Podere Poggio Scalette’s Il Carbonaione is represented by its 2009, 2013, and 2014 vintages, which all achieve WL scores of 95. With over 10 years of age, the 2009 is described by Wine Lister partner critic, Jancis Robinson, as offering a “very voluptuous, exotic nose”, with notes of “both herbs and spices – and some meatiness […] very exciting and bursting with health”. It can be bought from Atlas Fine Wines for £33 per bottle (in-bond).
A romance with the Rhône
Family-owned, micro-négociant, Tardieu-Laurent represents five of the eight Rhône Value picks, with its 2016 Châteauneuf-du-Pape Cuvée Speciale, 2010 Châteauneuf-du-Pape Vieilles Vignes, 2016 Châteauneuf-du-Pape Vieilles Vignes, 2005 Cornas Vieilles Vignes, and 2007 Hermitage. Despite its small-scale production (a consequence of its meticulous selection process), Tardieu-Laurent offers excellent value across its labels. Jancis Robinson awards 18 points to the 2016 Châteauneuf-du-Pape Vieilles Vignes, noting it is “very aromatic and then so sweet and round on the palate! You want to gobble it up immediately”. It can be purchased by the case of 12 from Tardieu-Laurent’s exclusive UK agent, Corney & Barrow for £390 (in-bond).
Caring for California
Representing the New World, Ridge Vineyards’ Geyserville appears in the line-up with its 2016 vintage. A single-site blend of 73% Zinfandel, 17% Carignan, 7% Petite Syrah, and 3% Alicante Bouschet, it achieves a WL score of 95, and is described by Antonio Galloni as offering “black cherry, graphite, lavender, and spice”, with “a purity […] that is absolutely striking”. Also noted by Jancis Robinson as having “snug, focused aromatics with hints of floral lift” and “a palate bursting with flavour”, the 2016 Geyserville can be acquired by the bottle from Lay & Wheeler for £33 (in-bond).
It is the ultimate question for Burgundy fans seeking wines for drinking – with prices of the region’s best having risen so high, where can one find value?
Wine Lister’s second Burgundy study published in collaboration with regional specialist, Jasper Morris, notes the proliferation of good value wines hailing from some of the lesser-known appellations, and even outside of the Côte d’Or (Saint-Aubin, Marsannay, Mercurey, and Pouilly-Fuissé were among those mentioned).
Below Wine Lister explores some of the wines worth snapping up from the 2019 campaign*, based on their relative value when compared with other wines in their sought-after appellations. 37 out of the 58 wines listed in charts below are white.
Chablis – a permanent alternative source for Burgundy drinking white outside of the Côte de Beaune – features heavily. Buzz brands William Fèvre and Billaud-Simon achieve multiple entries, as does the Chablis estate of Maison Albert Bichot – Long-Depaquit, and relative newcomer to the cream of the crop, Jean-Paul et Benoît Droin. This group of top Chablis achieves an average price of £52 in bond per bottle, while their Côte de Beaune counterparts cost more than 30% more for the same quality (since both groups achieve an average WL score of 93).
Among the Côte de Beaune whites, Alain Chavy’s Puligny-Montrachet Folatières, and Fontainte-Gagnard’s Chassagne-Montrachet Caillerets provide the best quality-to-price ratios, both achieving WL scores of 94, for £48 and £53 per bottle in-bond respectively. Domaine Rapet’s Corton-Charlemagne provides excellent value for Grand Cru white (considering that the appellation’s reference – Jean-François Coche-Dury – typically costs over £3,000 per bottle).
Only one Grand Cru red makes the cut in top-scorers under £100 per bottle – Georges Lignier’s Clos Saint-Denis.
In the rest of the Côte de Nuits, strong value propositions hail from Taupenot-Merme throughout, particularly its Morey-Saint-Denis La Riotte. Maison Louis Jadot and Heresztyn-Mazzini achieve multiple entries in Gevrey, and the Nuits-Saint-Georges appellation makes an appearance across three producers – Grivot, Faiveley, and Henri Gouges.
The average price difference between the reds of both Côtes is not so dramatic as for Chablis and its Beaune counterparts. Côte de Beaune reds as shown the image above reach an average price of £72, just 10% lower than the Côte de Nuits group (for the same average WL score of 92). Domaine de Montille takes three of the eight places for its Corton Clos du Roi, Volnay Taillepieds, and Pommard Pézerolles.
*N.B. prices are based on those aggregated through Wine Lister’s pricing partner, Wine Owners. Not all Burgundy 2019s have recorded prices as yet, so the above lists may well evolve over the coming weeks and months.
If ever there is a time for claret, it’s Christmas. While Bordeaux generally provides excellent quality for its prices relative to other regions all year round, it is an especially good source for festive bottles with a bit of age. Below Wine Lister offers one MUST BUY under £100 per Bordeaux appellation – a selection that promises to please with your Christmas meal.
Aside from its lustrous gold label providing an appropriate centrepiece to any festive feast, d’Issan 2009 offers good value for its appellation, earning a WL score of 93 at £56 per bottle (in-bond). Château owner, Emmanuel Cruse, is also the “Grand Maître” of the Commanderie du Bontemps – a Bordeaux organisation uniting trade members in the preservation of Bordeaux’s excellent quality reputation. D’Issan embodies the values of its maker, exemplifying the traditional claret style with added Margaux elegance. It is available to purchase by the case of 12 from Nickolls and Perks.
Pauillac powerhouse Pichon-Baron 2008 is described by Wine Lister partner critic, Neal Martin (Vinous), as one of the property’s “overachievers in recent years”. Often noted for being one of the most concentrated wines of the vintage in its appellation and beyond, Martin writes that the 2008 is “full of tension and energy […] delivering real brightness and vivacity on the finish”. At £90 per bottle (in-bond), it is the most expensive wine featured in this article, however, its Second Growth status and an abundance of critics’ praise make it worthy of consideration. Pichon-Baron 2008 can be acquired by the case from Lay & Wheeler.
A top-quality substitute to some of Haut-Bailly’s more costly back vintages, the 2012 achieves the property’s second-best WL score ever, as well as second place for quality among Pessac-Léognan reds for the vintage. Wine Lister partner critic, Antonio Galloni (Vinous), states that “the decision to lower temperatures in fermentation and go for a soft, gentle extraction, along with strict selection has paid off big time” in 2012, revealing notes of “dark raspberries, mint, crushed flowers, spices and rose petals”. Haut-Bailly 2012 is just entering its drinking window, and can be bought from Cru Wine.
Finding value on Bordeaux’s right bank can be trickier, particularly in Pomerol. Le Gay 2012 nonetheless offers excellent quality (WL 94) for the relatively reasonable price of £61 per bottle (in-bond). Wine Lister partner critic, Jancis Robinson, notes that it reaps “real Pomerol reward in terms of concentration”, offering a “very well-integrated nose […] sweet and focused”. In neighbouring Saint-Emilion, Larcis-Ducasse 2010 is described as “simply stunning” by Antonio Galloni, who notes “violet, lavender, graphite and menthol” that “give the 2010 its energy and tension”. It gains a WL score of 94, at £87 per bottle (in-bond). Both of these right bank picks can be purchased from Cult Wines.
Achieving Value Pick status, Saint-Estèphe’s Meyney 2015 has a WL score of 93 at £25 per bottle (in-bond), providing a veritable steal for your Christmas meal. After sampling at the annual Southwold Bordeaux tasting, Neal Martin writes that it “was the shock of this blind tasting – in a positive sense […] I thought it might be Montrose but it turned out to be Meyney. Chapeau!” Though the 2015 could benefit from a few more years of ageing, it is a brilliant gift option for your more patient guests, and can be acquired from Goedhuis & Co.
Saint-Julien star, Branaire-Ducru’s 2010 vintage was described as “dancing” by Jancis Robinson. Neal Martin’s tasting note suggests a wine of complexity: “a lovely mélange of red and black fruit, hints of dried blood and autumn leaves suggesting that this is moving into its secondary phase”. With a WL score of 93, Branaire-Ducru 2010 can be purchased by the case of 12 from Farr Vintners for £52.50 per bottle (in-bond).
For a sweet end to your Christmas meal, Wine Lister suggests Doisy-Védrines 1989. With 30 years of ageing under its belt, it achieves a WL score of 94 – the château’s highest ever. It is described by Neal Martin as boasting “a captivating bouquet of gorgeous wild honey, Seville orange marmalade, fig jam and light lemongrass scents”. He adds, “it is simply everything you desire in a sweet Bordeaux”. Purchase Doisy-Védrines 1989 by the bottle from Hedonism Wines for £62.80 (in-bond).
Wine Lister’s recent in-depth Burgundy study considers the much-contended topic of the region’s rising prices, providing additional information for those planning on purchasing Burgundy 2019 en primeur over the coming months.
Below we examine the current distribution of prices of the 175 wines featured in the study, compared to the same wines two years ago. While 5% of wines were priced above £3,000 two years ago, a substantial 11% are today.
The graph above reveals a significant shift towards the higher end of the price scale, with multiple Burgundy wines previously priced between £1,900 and £2,700 now over £3,000. This comprises Comte Liger-Belair La Romanée, d’Auvenay’s Mazis-Chambertin and Bonnes-Mares, Domaine de la Romanée-Conti La Tâche, Jean-François Coche-Dury Corton-Charlemagne, and Leroy’s Richebourg, Romanée-Saint-Vivant, Clos de la Roche, Corton-Charlemagne, and Latricières-Chambertin.
Alongside the figures, feeling from Wine Lister’s recent Founding Member survey confirmed that Burgundy’s seemingly boundless prices are a concern, with over half of respondents voicing apprehensions on the topic. The most common sentiment is nonetheless that little will change for wines at the very top end, and that their prices will continue to climb, as demand continues to outweigh supply significantly. One specialist merchant in the Asian market informed us that they indeed foresee “Burgundy prices heading higher at the top end”, and that they “don’t see demand slowing despite the economic issues.”
The polarised prices illustrated in the graph are echoed by the trade, who cite a phenomenon of divergence between the top-end wines, and those at mid-range or entry-level. One respondent noted “an oversupply of generic and village Burgundy”, with another predicting that “when the smoke clears, all that remains will be Bourgogne Rouge/Blanc and the crown jewels, with no market in between”.
Despite the geopolitical context of the past two years, the buzz surrounding Burgundy remains strong, and competition will be hot for accessing the best wines of the 2019 vintage, particularly given its reduced production volume.
Visit the Analysis page to purchase Wine Lister’s in-depth 2020 Burgundy study, or download it using your Pro subscription here (available in both English and French).
The global pandemic caused considerable losses to the Champagne industry, with estimations that its sales depleted by more than 75% at the height of lockdown. While we have lacked cause for celebration over the past quarter, parts of the world are now returning to a new normal, with restaurants and bars gradually reopening. It is time to raise a toast to our favourite fizz.
To guide those buying at every level, we have compiled a selection of Champagne MUST BUYs at five different price points.
Under £50 – 2009 Pierre Gimonnet et fils Fleuron Brut Blanc de Blancs
Pierre Gimonnet et Fils is an original member of the Club Trésors de Champagne, which, founded in 1971 by 12 longstanding producers, now includes 29 grower Champagne houses that produce, bottle, and age their wine on-site. Currently managed by third-generation vignerons, Didier and Olivier Gimonnet, the property owns 28 hectares of vineyards around the Côte des Blancs. Made from 100% Chardonnay grapes, the estate’s “Fleuron” is produced solely in excellent years, from grapes selected in the best plots of each vineyard. At £30 per bottle (in-bond), the 2009 Pierre Gimonnet et fils Fleuron Brut Blanc de Blancs was described as “absolutely fabulous” by Wine Lister partner critic, Antonio Galloni. A “tropically-leaning expression of fruit marries with the classic Gimonnet emphasis on tension”, Galloni adds. The 2009 is available to purchase in magnum form from Armit Wines.
Under £75 – 2007 Bollinger Grande Année rosé
Added to the estate’s portfolio in 1976, then manager, Lily Bollinger, agreed to the production of a rosé under one condition – it had to be extraordinary. Only made in the best vintages, the 2007 Bollinger Grande Année Rosé comprises a blend of 72% Pinot Noir and 28% Chardonnay, was fermented entirely in barrels, and aged under natural cork. With a WL score of 93 at £65 per bottle (in-bond), it promises impressive ageing potential. Having tasted the 2007 in 2019, Tim Jackson for JancisRobinson.com notes its “chalky texture with red and black cherry, some orange-citrus and plenty of nutty lees”. The 2007 Bollinger Grande Année rosé is available to purchase by the case from Berry Bros & Rudd.
Under £150 – 2004 Philipponnat Clos des Goisses
At £99 per bottle (in-bond), the 2004 Philipponnat Clos des Goisses achieves a WL score of 96. Clos des Goisses is Philipponnat’s flagship cuvée, produced from 65% Pinot Noir and 35% Chardonnay grapes. Grapes are selected from Philipponnat’s walled Mareuil-sur-Ay vineyard, which, at a 45-degree slant, ensures the optimum ripening of Pinot Noir grapes in Champagne’s cool climate. Julia Harding for JancisRobinson.com notes that there is “a toasty richness on the palate, even a slight note of char and chamomile”, calling it a “complex and unfolding wine that cannot be rushed if you want to enjoy its multi-layered character”. The 2004 Philipponnat Clos des Goisses can be purchased by the case from Fine + Rare Wines.
Under £300 – NV Jacques Selosse Blanc de Noirs Le Côte Faron
Founded in 1949, Jacques Selosse is now run by Jacques’s son, Anselme who took over from his father in 1974. Anselme has been praised for instigating a welcomed change in Champagne, encouraging producers to embrace new ideas of low yields, chemical-free vineyards, and terroir-focussed wines. Having implemented a reduction of yields and organic farming within his own production, Jacques Selosse now produces some of the most sought-after wines from the region. Made from 100% Pinot Noir grapes grown in a single vineyard, La Côte Faron in the village of Aÿ, Jacques Selosse’s NV Blanc de Noirs costs £235 per bottle (in-bond). Antonio Galloni names it “a Champagne of total and pure sensuality”, with “tons of textural resonance”. It is available to purchase by the bottle (in-bond) from BI Fine Wines.
Over £400: 2002 Salon Le Mesnil
At £458 per bottle (in-bond), the 2002 from cult Champagne house Salon Le Mesnil was aged for 11 years on lees before being disgorged and released in 2013. Produced only in exceptional years, and as a quality benchmark for pure Chardonnay Champagnes, Salon Le Mesnil’s signature is making Blanc de Blancs with grapes of extremely high acidity, facilitating extended ageing and consequential complexity. The 2002 Salon Le Mesnil earned a rare 19.5 points from Jancis Robinson, who last tasted it in 2019. She describes it as “rich and nuanced on the palate”, featuring “tertiary notes underneath, with some hay and then real grip on the end. Very long with a fascinating narrative”. There appears to be some availability of the 2002 vintage at Goedhuis & Co.
French readers can find this blog in French translation on Le Figaro Vin’s website.
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