Owner and winemaker of Château Haut-Bages Libéral in Pauillac and Château Ferrière in Margaux: “If it was a person my wine would be an opera-singer, like Pavarotti”.
The fifth in Le Figaro Vin’s series brings us back to Bordeaux to meet Claire Villars-Lurton, #46 best winemaker in France, who has embraced biodynamic viticulture to create her exquisite wines at her two estates. In her interview she shares her passion for a vocation to which she has devoted the last 30 years.
Le Figaro Vin: How does it feel to be crowned a winemaking champion?
Claire Villars-Lurton: I am not sure that I am a winemaking champion, but I do feel that I am now on the right path and that I have fully found my feet. When I started there was so much to learn and I really struggled. After a time I wanted to take the lead. Today I feel that everything I have set in train makes sense and that I have a clear grasp of the way ahead.
Have you been training for long?
Yes, for almost 30 years. I have tried a variety of approaches and it hasn’t always been easy. I question almost everything and am never satisfied, which prompts me to challenge myself and also to push my colleagues out of their comfort zone. I cannot bear being comfortable and I don’t like treading water. It is now over 20 years since I took over at Château Haut-Bages Libéral and Château Ferrière. For the last 15 years I have immersed myself in a comprehensive training in biodynamic agriculture. I think it’s wonderful that there is now so much awareness and appreciation of its methodology, so much expertise, research, and literature, all of which paves the way towards an alternative viticulture.
Who is your mentor?
I have a number of mentors. The most important guide on my biodynamic adventure has been Alain Moueix who, crucially, has convinced my colleagues that this is the way forward. Jacques Lurton has shared his expertise on all things wine. Alain Canet (agroforestry adviser to Château Cheval Blanc, ed.) has helped me with the planting of trees in the vineyards. Four or five years ago I, my husband Gonzague (Lurton, owner of Château Durfort-Vivens, ed.), and the agronomist Konrad Schreiber, set up a knowledge-sharing platform for winemakers to pool their experience and expertise, “La Belle Vigne”. I have found this really helpful.
Is wine a team sport?
More than ever, especially when you don’t take shortcuts and don’t introduce cultured yeasts. We have to work with what we have, so we need to operate as a team, from vineyard to cellar. Wine is a team sport played in front of a huge number of spectators who are focused on the product.
What is the key to making a good wine? The terroir or the winemaker?
Always the terroir! But you need both. You can make a poor wine from a great terroir, while a good winemaker can never work miracles with poor terroir.
To what do you owe your success?
I am not sure that I have been successful. I would say that I owe a great deal to my education and my family. I had dynamic parents who refused to rest on their laurels. Mum was a role model, even though she was very young when she left us, and I never got to see her at work. I felt secure in the knowledge that my grandfather, my uncle, and my husband all had my back. Becoming sole owner at 30 developed my sense of responsibility. I knew that my family was always there for me, so now I am delighted by the thought that my children want to take up the reins.
Are your children proud of you?
You would have to ask them, as they certainly won’t tell me, but I think so.
Who is your biggest supporter?
My husband.
Your favourite colour?
Orange, because it’s a warm, bright colour that’s full of energy. As far as wine is concerned then, of course, it’s red.
The king of grape varieties?
Entirely predictably, Cabernet Sauvignon.
Your favourite wine?
Château Haut-Bages Libéral 2018.
Your favourite vintage?
I really like 2020, which is a bit like 2010.
If your wine was a person, who would it be?
It would be an opera-singer, like Pavarotti. Brilliant and luminous, with a perfect timbre, at once powerful and restrained.
What are the best circumstances in which to taste your wine?
I try to make a wine that can be enjoyed whatever the circumstances. Ideally, it’s when you share it with good friends or with family, at your leisure and with a lot of love.
Have you ever thought about chemically enhancing yourself, or your wine?
Never! I am called Claire and a given name like that means that I cannot cheat. I think our first names determine who we are. I’m a completely open book, so much so that I reveal too much, reveal everything. So absolutely no chemical enhancement for me, not even make-up.
For what price would you be prepared to sell your estate?
Money doesn’t interest me. I will never sell. It’s not money that makes me happy; it’s the tool of my trade, my land, that brings me joy.
Who is your strongest competition in Bordeaux?
My husband. He’s not really a competitor – if he were listening, I don’t think he’d take it very well! – but, all the same, there’s a slight competitive edge between Gonzague and me, which makes us motivate each other and which always keeps us on our toes. We both want to do our best and he is always pushing me to the next level. I try to match him, or even outperform him [laughs]. We really complement each other, and we admire each other a lot; for me to love someone is to admire them.
What is the competition that you fear the most?
People who cheat or use others to get ahead. I try to succeed on my own merits.
What are you most proud of?
My children.
What has been your most innovative strategy in the vineyard and in the cellar?
Bringing trees into the vineyard, embracing agroforestry, all the work we put in today to support the soil as a living organism. Our approach is to work organically, from the soil and roots up, to produce robust, healthy grapes more resistant to diseases and parasites.
In the cellar we have developed an innovative approach to protecting our wine against oxidisation, one which allows us to use the least sulphur possible, thereby reducing additives to a minimum. The active ingredient in sulphur is only part of the whole element. Although sulphur is indispensable, its use in the battle against oxidisation can be radically reduced, and that’s where our work is bearing fruit. Indeed, we are pioneers in the field.
Who would be your ideal successor on the podium?
My children, obviously. Inheritance is a central part of our Latin culture. I inherited my property and I want to leave something for the next generation.
The technical director revolutionising Pomerol’s Château L’Évangile: “If my wine was a person, it would be Catherine Deneuve”.
Wine Lister’s parent company, Le Figaro Vin, has launched its inaugural series of the 50 best winemakers in France in 2023. Interviews with each winemaker making the top 50 will be published throughout the course of the year – in French on the Le Figaro Vin website, and in English on Wine Lister’s blog. The first in the series, #50, is Olivier Trégoat – Technical Director of Pomerol’s Château L’Évangile. Here he shares the highlights of his viticultural journey so far. In just a few years, Olivier Trégoat has managed to realise the full potential of l’Évangile, getting the most out of the appellation’s natural generosity, while reinstating a remarkable freshness in the wine.
Le Figaro: How does it feel to be crowned a winemaking champion?
Olivier Trégoat: I am very happy, but give most of the credit to the team, as it is, above all, a real collective effort. Alone, I would be good for nothing.
Have you been training for long?
Yes, I’ve been training since 1997. Everything I’ve done in my previous winemaking roles contributes to what I have achieved at L’Évangile. I got my start in Saint-Émilion, which catalysed my interest in soil studies – while my previous job as an independent consultant for large Bordeaux estates (including Château Cheval Blanc) was invaluable.
Who is your mentor?
At the start of my winemaking journey, it was Kiss Van Leeuwen, a viticulture professor at Bordeaux Sciences Agro and the Institute of Vine and Wine Sciences (ISVV). Today, my mentors are my neighbours in Pomerol – whose proximity prevents me from making mistakes and provides me with constant inspiration.
What is the key to making a good wine? The terroir or the winemaker?
The terroir. For me, climate and soil make up 80% of the wine.
To what do you owe your success?
To my education, my curiosity, and the tools at my disposal – a triptych of soil, vine, and wine.
Is your family proud of you?
Yes, I’m sure they are.
Who are your best supporters?
Paradoxically, some of my competitors, but also my former clients from when I was an independent consultant.
Red or white wine?
The older I get, the more white wine I drink!
The king of grape varieties?
Cabernet Franc. At Château L’Évangile, it’s a grape variety that we will continue to plant and conduct research into – particularly because of its freshness. And also because I love the wines of the Loire Valley!
Your favourite wine?
Château L’Évangile 2006. It is a harmonious vintage that offers the delicate touch of l’Évangile’s hallmark tannins, alongside a more fleshy characteristic – but without excess, and still retaining a beautiful freshness.
Your favourite vintage?
2011 – something slightly different. It was not well understood around the time of its release, and it came after 2009 and 2010, which were widely-recognised as exceptional vintages. It’s just starting to open up today.
If your wine was a person, who would it be?
Catherine Deneuve. A great, timeless actress who knew how to challenge herself in different roles.
What are the best circumstances in which to taste your wine?
Drink it with people you love.
Have you ever thought about chemically-enhancing yourself, or your wine?
No, never. Nature is generous in Pomerol; I always say that I have my foot on the brake rather than the gas.
Who is your strongest competition in Pomerol?
Château Lafleur.
Which competitions do you dread the most?
Frosty periods in early April.
What was your greatest win?
I had beginners’ luck. My entire career in wine so far has been a bit like a race in which I have ended up on the podium against all odds!
What has been your most innovative strategy?
While we do things in a very simple manner in the winery, in the vineyard, we make very rigorous intra-parcel selections on different soils. I sometimes say that we harvest in a Sauternes style. We love to split hairs during this critically decisive period. It’s a real challenge to be a winemaker in Pomerol today.
Who would be your ideal successor on the podium?
On the podium, Château Lafleur. They are very sharp and precise in what they do, with consistently good ideas. And for my successor at the estate, I don’t know yet…
A few words about the estate:
The property was founded in the mid-18th century under the name “Fazilleau”. At the beginning of the 19th century, the Léglise family, who played a significant role in expanding the vineyard, sold it to a lawyer named Isambert, who renamed it L’Évangile. He expanded the estate to around 13ha – not far off its current size.
Since 1990, Château L’Évangile has been under the helm of Baron Éric de Rothschild, who also owns Château Lafite in Pauillac (among others in the appellation), as well as Château Rieussec in Sauternes. His daughter, Saskia, a former New York Times correspondent writing from the Ivory Coast, and the author of a novel, joined her father in Bordeaux in 2017. The estate has benefitted from significant investments, as well as the technical expertise of the Domaines Barons de Rothschild (Lafite) teams for over 30 years. Juliette Couderc was appointed Chief Operating Officer in 2020, having previously managed the vineyards of Chinese estate, Long Dai, which also belongs to the group. She works alongside Olivier Trégoat.
As the year draws to a close, Wine Lister has published its 2022 Wine Leagues – the third of our annual reports celebrating the top-performing wines and producers within several categories over the past year. The Leagues reveal exciting developments in the world of fine wine, shining a light on consumer trends and estates on the rise, informed by an in-depth trade survey with key industry figures.
Please see some of our key findings below, or click here to download the full study.
The Place de Bordeaux’s 2022 September campaign has seen its third week of releases, with a number of key entries including the likes of Pym Rae 2018, Dalla Valle Maya 2019, and Château Palmer 2012.
The Armagh vineyard in autumn
Following a UK bank holiday on Monday to mark the funeral of Queen Elizabeth II, Tuesday 20th September morning saw several releases in quick succession, starting with Pym Rae 2018, which entered the market at a recommended retail price of £270 per bottle. Tasting at the CVBG Beyond Bordeaux London event earlier this month, Wine Lister’s Founder and CEO, Ella Lister found this vintage to be a real step-up from the Tesserons’ Californian outpost, awarding the 2018 96 points and noting “exceptional balance, the texture of taffeta, and an addictive softness”.
Another standout release, Telmo Rodríguez’s Yjar saw its second ever vintage – 2018 – released through the Place at £95 per bottle (in-bond). Tom Parker (tasting for jancisrobinson.com) awards a score of 17, while Ella scored 96 points, comparing its balance to that of “a ballet dancer, toned and delicate”, noting that it is “the perfect wine for today’s palate”. The 2018 vintage saw a production volume of just 6,000 bottles – a reduction of 1,000 bottles compared with the 2017.
The Armagh Shiraz 2018 was also released on Tuesday at £165 per bottle (in-bond), with Ella awarding 95 points and describing the latest offering from Jim Barry as “rich and opulent” – a vintage “worthy of the 50 years since the first Shiraz was planted at the domaine in 1968”.
Wednesday 21st September saw the release of Le Petit Cheval Blanc 2020, which entered the market at £100 per bottle (in-bond). It was shortly followed by Giovanni Rosso Barolo Ceretta 2018, released at £51 per bottle (in-bond). Walter Speller (for jancisrobinson.com) awards the latter a score of 17++, describing it as “simply gorgeous” and praising its “beautifully sculpted chewy tannins”.
Next up on Wednesday, Dalla Valle Maya 2019 was released at £464 per bottle (in-bond), marking the first vintage produced since the estate committed fully to biodynamic practices. Another first – Château Haut-Batailley introduced its 2016 vintage to the market at £36.67 per bottle (in-bond). A transitional year, the Cazes family acquired the estate shortly before the 2016 primeurs and oversaw blending, while vinification had been carried out by the previous owners (the Borie family) – provoking the decision to withhold its release. The 2016 bottle features a transitional label – neither the previous label under the Borie family, nor the new label under the Cazes family, debuted in 2017. Neal Martin (for Vinous) awards the 2016 94 points, calling it “an outstanding Haut-Batailley”.
Château Palmer released ex-château stock of its 2012 vintage on Thursday 22nd September, the third vintage to be released from the estate’s “Ten years on” series. Since 2010, approximately half of each year’s production has been reserved in the cellars, while the remaining half is sold en primeur. The 2012 vintage was released at £257 per bottle (in-bond), having achieved scores of 17 from Jancis Robinson (for jancisrobinson.com) and 94 from Antonio Galloni (for Vinous).
Also released this week were Cobos 2019 and Clos des Goisses 2013.
Likely to be released next week are Kracher Tba N°5 Grande Cuvee 2019c, Château d’Avize 2012, Morlet Cœur de Vallée 2019, Allegrini Fieramonte 2015, La Poja 2017, and Biserno 2017.
Despite the challenges brought throughout the growing season of the 2021 vintage, Bordeaux’s dry whites shone in terms of quality. To guide those still considering their 2021 Bordeaux en primeur purchases, Wine Lister presents some of the best choices in Bordeaux whites from the vintage, at five different price points. (All prices are quoted in-bond per bottle when purchasing by the case).
Under £25 – Olivier Blanc
The 2021 vintage from Château Oliver’s white was described by Jancis Robinson as “Racy and lively” with a “good balance of interesting fruit and zest”. Ella Lister (for Le Figaro) gave Olivier 2021 a score of 92-93, praising its balance and describing it as an “ethereal and harmonious blend of Sauvignon and Sémillon”. Olivier 2021 can be purchased from Millésima for £22.70.
Under £40 – Malartic-Lagravière Blanc
Awarding 90-92 points, Antonio Galloni (Vinous) describes the latest vintage of Malartic-Lagravière as “Bright and sculpted”, with “plenty to offer”. Jancis Robinson deems it “Already attractive” and “Impressively persistent”. Malartic-Lagravière Blanc appears on Wine Lister’s list of value picks in Part II of our 2022 Bordeaux Study, indicating a strong quality-to-price ratio. Elsewhere in the study, Wine Lister found that Malartic-Lagravière is enjoying a robust short-term (six-month) price performance of just under 14% – placing it in the top 15 short-term price performances. Malartic-Lagravière 2021 can be bought from Justerini & Brooks for £39.42.
Under £75 – Domaine de Chevalier Blanc
The 2021 vintage from Domaine de Chevalier has received acclaim from the critics, with Neal Martin (Vinous) awarding its white 95-97 points and declaring it “one of the best Domaine de Chevalier whites that [he has] tasted in 20-plus years”. Jancis Robinson confers a score of 17+ and writes that it “should be a real long-distance runner”. Domaine de Chevalier Blanc 2021 can be bought from Farr Vintners for £72.17.
Under £110 – Cos d’Estournel Blanc
The only wine among the five selected here not to hail from Pessac-Léognan, Cos d’Estournel’s Blanc 2021 receives its joint-highest Wine Lister score in over 15 years. Indeed, Antonio awards it 93-95 points, above last year’s vintage (91-93), and writes that it is “one of the finest vintages I can remember tasting”. He praises its “sheer palate presence”, a sentiment Ella echoes as she describes Cos d’Estournel Blanc 2021 as “delectable, lingering in the mouth”. Cos d’Estournel Blanc 2021 can be purchased from Berry Bros. & Rudd for £105.
Under £650 – Haut-Brion Blanc
One of the most noteworthy releases of the 2021 Bordeaux en primeur campaign is the latest white from Haut-Brion. In such a challenging vintage, Haut-Brion Blanc 2021 seriously impresses as it sees the greatest increase in Quality from 2020 to 2021 – as explored in Part II of Wine Lister’s 2022 Bordeaux Study. The 2021 vintage also achieves the wine’s highest ever potential en primeur score from Vinous as Neal awards it 96-98 points. Haut-Brion Blanc 2021 can be purchased from Cru World Wine for £640.
Bordeaux en primeur 2021 had its share of surprises – and challenges – when it came to pricing. Wine Lister examines some of the best offerings from the 2021 vintage at five different price points, to inform those still considering their en primeur purchases this year. (All prices are quoted in-bond per bottle when purchasing by the case).
Under £15 – Mauvesin Barton
Owned by the Barton family – whose portfolio also includes Léoville Barton and Langoa Barton – the 2021 vintage from the Mauvesin Barton estate has been described as “well-balanced and surfeit with freshness” by Neal Martin (Vinous). To compensate for the extensive frosts of 2021, the vintage’s blend contains more Cabernet than usual. It is the first vintage to be made in Mauvesin Barton’s new winery, which is equipped with smaller vats for greater precision, and it shows. This offering from Moulis-en-Médoc can be purchased for £10.92 per bottle from Justerini & Brooks.
Under £50 – La Gaffelière
One of the star releases of the 2021 en primeur campaign, La Gaffelière is on a continuous upward trajectory. The 2021 vintage received the Saint-Émilion estate’s joint-highest ever Wine Lister score, and a score of 95-97 from Antonio Galloni (Vinous). This is a very strong showing from the estate, which features in Part II of Wine Lister’s 2022 Bordeaux Study as a quality outperformer – meaning that its 2021 vintage has outpaced its average quality. La Gaffelière 2021 can be purchased from Millésima for £48 per bottle.
Under £75 – Rauzan-Ségla
Nicolas Audebert, Managing Director at Rauzan-Ségla and Canon, told the Wine Lister team that 2021 was “the most stressful and exhausting vintage ever”. Strong praise from critics is a testament to the hard work carried out by the estate’s team – including the highest amount of intra-parcel zoning ever done in the vineyard, identifying the best lots. Antonio and Neal rated it 94-97 and 94-96 respectively, while James Lawther (for JancisRobinson.com) describes it as “Very well-judged and very Margaux”. Rauzan-Ségla 2021 can be bought from Farr Vintners for £60 per bottle.
Under £125 – Montrose
Montrose 2021 marks the first year of organic conversion at the estate. In such a challenging vintage, the Saint-Estèphe estate’s Technical Director, Vincent Decup, told Wine Lister, “We have never done so much [in the vineyard]”. It receives a score of 94-96 from Ella Lister (for Le Figaro Vin), who notes its “very long and increasingly delicate finish”. Montrose 2021 can be purchased from Berry Bros. & Rudd for £113.50 per bottle.
Under £400 – Cheval Blanc
Following last year’s en primeur success, Cheval Blanc is once again a standout release in 2021. The estate’s Technical Director, Pierre-Olivier Clouet, remarked to the Wine Lister team that “the 2021 vintage was like cooking at low temperature after six years of cooking on a high heat”, and “given the choice, every Cheval Blanc team member would choose a case of 2021 for their cellars over 2020”. Indeed, the 2021 vintage received even more resoundingly positive reviews from critics than last year. Antonio awards it his joint-top score in 2021 (96-98) and proclaims it “one of the wines of the vintage… Stunning”. The Saint-Émilion star is available from IG Wines for £395 per bottle.
Amongst other findings, Part II of Wine Lister’s annual Bordeaux Study, ‘Walking the tightrope’, explores the outperformers of the latest vintage – the top 15 wines whose Wine Lister Quality score (part of our Pro rating system) in 2021 most exceeded their wine-level average. The wine-level average is calculated based on a mean Quality score over the last five vintages, to reveal more recent trends. Seven of this year’s outperformers were also featured in the 2020 list, indicating that these wines continue to build long-term quality in 2021.
Quality score – outperformers in 2021 (as featured in Part II of our 2022 Bordeaux Study)
Four Margaux wines feature in the 2021 outperformers chart, with Durfort-Vivens this year taking the top spot from Ferrière. Receiving a score of 92-94 from Ella Lister (for Le Figaro Vin), she describes it as “Effervescent with energy and life […] with an impressive density, and a generous future ahead of it.”
New additions to the outperformers chart this year, Marquis d’Alesme and Marquis de Terme rank in 11thand 13th place respectively. As well as appearing in our list of Bordeaux 2021 Value Picks (wines with the best quality-to-price ratios), the latter earns the status as the Bordeaux red with the biggest increase in 2021 Quality score compared to the 2020 vintage (also explored in Part II). Antonio Galloni for Vinous awards Marquis de Terme 2021 its highest ever potential score from the critic platform, 93-95, calling it “inky, vibrant, and super-expressive”.
La Lagune returns to the 2021 chart in fourth place, down from third in last year’s study. James Lawther (JancisRobinson.com) calls the 2021 “pure and precise”. The estate has been certified organic since the 2016 vintage and is currently working towards biodynamic certification.
Pauillac also sees four wines on this year’s outperformers chart, with Grand-Puy-Ducasse, Haut-Bages Libéral, Haut-Batailley, and Pédesclaux showing strong improvements in Quality score in 2021. Awarding a score of 92-94, Antonio Galloni notes that Grand-Puy-Ducasse “has made important strides of late”, given the increased investment under the direction of Anne Le Naour, while Pédesclaux has also seen significant investments from proprietor Jacky Lorenzetti.
Saint-Emilion brings three wines to the 2021 outperformers chart, with Fombrauge entering the outperformers chart in 10th place, and La Dominique overtaking La Lagune to occupy the third spot. La Gaffelière has also increased its standing on the chart, having climbed six places from 11th place last year, and achieving its highest ever Wine Lister Quality score in 2021.
Les Carmes Haut-Brion continues its upward trajectory in 2021, receiving a score of 17++ by James Lawther (the highest score given by the JancisRobinson.com team since the 2015 vintage), and gaining Ella Lister’s top score for the vintage (96-99 points). Larrivet Haut-Brion enters the outperformers chart in ninth place, with the estate deciding not to include any Merlot in their 2021 blend – a first in Bordeaux.
Also appearing on our list of Value Picks for the 2021 vintage, Les Ormes de Pez rounds off the list of outperformers, having received a score of 91-93 from Neal Martin (Vinous), who calls it “A stylish Saint-Estèphe”.
For the full list of Wine Lister’s top 20 Value Picks for Bordeaux, as well as further analyses of the region’s performance on Quality, search data, auction activity, and short-term price performance, download Part II of Wine Lister’s 2022 Bordeaux study here.
Wine-Searcher is the world’s largest wine and spirits search engine, handling 250 million searches from around the world each year. This year, as part of Wine Lister’s annual Bordeaux study (Part II), we include data from Wine-Searcher exploring compound annual growth (CAGR) by Bordeaux appellation, average offers on Wine-Searcher by appellation, vintage, and geography, and average monthly searches by appellation and search location.
“There have been some subtle (and not-so-subtle) changes over the past year”, observes Wine-Searcher’s Editor, Don Kavanagh. “While Bordeaux still dominates both search and offer numbers, interest appears to have fallen slightly in relative terms.”
Bordeaux’s offer count on Wine-Searcher
Though Bordeaux is still the major player on the world stage, with the highest total share of search activity of all major wine regions, its growth in rate of search is showing signs of being outpaced.
Searches for all wines over the past 12 months increased from 188 million to 205 million, slightly faster than searches for Bordeaux wines (up by 3 million to 39 million) during the same period.
Similarly, Bordeaux is not benefitting from the overall growth in offers on Wine-Searcher, which have risen from 6.8 million to 6.9 million over the last 12 months. Indeed, Bordeaux offers have shrunk slightly, from 791,000 to 786,000. Not all Bordeaux appellations were equally affected (see graph below).
Average offer count per wine by appellation and merchant location, January – April 2022
During the first four months of 2022, there was a 6.7% contraction in offers from Europe (excluding the UK), with an even steeper reduction in offers from the UK and Asia, at 11.5% and 12.1% respectively, when compared with the same period in 2021. The USA’s number of monthly searches, as explored above, map neatly onto its increase in monthly offers per appellation (6.3% once again).
Search count by Bordeaux appellation and geographical location on Wine-Searcher
Search activity varied by geographical location in the period from January to April 2022, in comparison with the same period in 2021. While searches for Bordeaux appellations from the UK, Asia, and Europe (excluding the UK) decreased, the USA saw a 6.3% increase in search activity.
Average search count per wine by appellation and user location in 2022 (January – April)
Bordeaux’s price growth by appellation on Wine-Searcher
There are causes for optimism; growth with respect to global average prices (measured as a compound annual growth rate, or CAGR) in the period 2017-2022 has continued. The leader of the pack among Bordeaux appellations in this regard is Pomerol, reaching 6.1%. Even the lowest CAGR, exhibited by Saint-Emilion and Margaux, is 4.3%.
The year 2020-2021 remains an exception; compound annual growth rates jumped by 10% across all the examined appellations in that year.
Compound annual growth by appellation, 2017 – 2022
The strength of the region’s compound annual growth rate is perhaps linked to the sharp decline in overall offer activity beginning in 2019, as compared with the longer-term average. While overall offer activity began to decrease, the proportion of offers between each appellation remained relatively stable in the period 2014-2020.
To view the full Wine-Searcher insert in Wine Lister’s annual Bordeaux study, and uncover more of Wine Lister’s analysis of the Bordeaux’s standing in 2022 – including quality scores, short-term price performance, and auction activity, as well as the topics discussed above – download the full report here.
Following the conclusion of this year’s Bordeaux en primeur campaign, Wine Lister has published Part II of its annual in-depth Bordeaux Study. The study provides invaluable insights into search activity, Quality scores, short-term price performance, and auction volumes, as well as revealing the best-performing wines in 2021.
Please see some of our key findings below:
You can download the study digest here. The full report can be purchased in French and in English on our Analysis page, while Pro subscribers can access their free copy here. See our previous posts to catch up on some of the key releases from the 2021 en primeur campaign.
The finish line for the 2021 campaign is in sight, with only a few key releases pending. We reflect on how it compares with previous campaigns and highlight the more promising releases of the last few days.
A challenging vintage in 2021 generated what may be characterised as a fraught en primeur campaign. While prices for many releases were slightly higher than perhaps warranted by quality, there are some real gems to be found for those willing to take a closer look. With only a small handful of key releases left to come (Vieux Château Certan, Petrus, Le Pin, and Trotanoy), we take a look at how 2021 compares with previous en primeur campaigns.
Campaign overview
Of the 110 en primeur releases to date that Wine Lister has followed in 2021, 2020, and 2019, the average 2021 release price of £97.99 is virtually flat on 2020 (£97.71) and up 17% on 2019 (£83.98). 29 wines released at prices that were up on 2020, 52 flat or all but flat ignoring the minor effect of exchange rate discrepancies and 29 down on 2020.
The biggest increases are justifiably for sweet and dry whites (+51% for Lafaurie-Peyraguey, +41% for Suduiraut, and +33% for Pavillon Blanc).
Meanwhile, the 29 wines that have released below 2020 prices have all been reds, with the largest decreases being Montrose, La Mission Haut-Brion, and l’Eglise Clinet, at -12%, -11%, and -11% respectively.
This week’s releases – Tuesday 14th June
Some of the standout releases from the past few days are outlined below.
Margaux was one of the first to be released on Tuesday 14th June at £425 – down just 2% on the 2020 price and up 19% on the 2019. Ella praised its “majestic nose”, while Antonio Galloni describes it as a “powerful, surprisingly brooding wine”. Ranked joint-fourth by trade experts in terms of highest confidence, this First Growth has likely reinforced this trust with the 2021 vintage. Given the post-release price rises for both 2020 and 2019, it is an attractive prospect.
Behind the scenes at Château Margaux with Alexis Leven-Mentzelopoulos (Deputy General Manager, Strategy and Development), Alexandra Petit-Mentzelopoulos (Deputy General Manager, Communication and Image) and Philippe Bascaules (Managing Director) (l-r)
L’Église Clinet was released at £208.37, with a score of 94-96 from both Neal Martin and Antonio Galloni. Considering its impressive quality, as well as the fact that its price is below the market prices for both the 2020 and the 2019, this year’s release could prove popular.
Wednesday 15th June
One of Wednesday morning’s star releases was Les Carmes Haut-Brion at £79. While this is higher than both the 2020 and the 2019 opening prices, it follows the golden en primeur rule, offering a 31% and 35% discount on current 2020 and 2019 market prices, respectively. With its faultless track record for price performance post-release, this proved one of the most obvious buys of the campaign.
Pomerol up-and-comer, Clinet arrived on the scene at £66.50. Achieving positive scores from Wine Lister’s partner critics, the latest release looks interesting, with quality around the same level as its 2018, and price below current market prices for the 2020 and 2019.
Achieving outstanding quality in this difficult vintage, Ducru-Beaucaillou 2021 was released at £159. The latest release matches existing market pricing of the 2020, and sits at a small premium (6%) to the already-bottled 2019. This should work on the basis of Ducru-Beaucaillou’s “super-second” status.
Thursday 16th June
One of Thursday’s first releases was Haut-Brion, priced at £425, down 3% on the 2020 and up 49% on the 2019 release. Wine Lister partner critic, Neal Martin (for Vinous) described it as having a “more extravagant, charming bouquet compared directly with La Mission at the moment”. La Mission Haut-Brion was also released, at £225, representing a moderate discount on both the 2020 and the 2019 release prices.
Haut-Brion Blanc was released at £610. The release has strong credentials, as the top-scoring dry Bordeaux white in 2021 by WL score (96). This is a release which is sure to attract attention in a vintage hailed for the quality of its white wines.
Friday 17th June
Friday saw La Conseillante released at £157 – flat on the 2020 release price, and 30% up on the 2019. It scores impressively in 2021 – indeed, Ella notes, “this is a Conseillante that has perhaps finally found its 21st century identity since Cazaux started making the wine”. Given the property’s bright future, and an opening price undercutting the now dwindling stock of the 2019 vintage by 31%, this is likely worth backing.
Figeac also released its Grand Vin, at £163 – up on its 2020 and 2019 release prices by 4% and 35% respectively, though comfortably below current market prices of the 2019, 2018, 2016, and 2015. Praised for its highly quality, and of course with positive speculation surrounding its Saint-Émilion classification status, Figeac will likely see good interest.
Tasting Figeac with Frédéric Faye, Managing Director at Château Figeac, before Figeac’s new cellar celebration dinner
Also released this week were Saint-Pierre, Gloria, Clos Fourtet, Pavillon Rouge, Pavillon Blanc, Haut-Bailly, Durfort-Vivens, Beau-Séjour Bécot, Pape Clément, Pape Clément Blanc, Valandraud, Petit Village, La Mission Haut-Brion Blanc, Quintus, Domaine de Chevalier, Calon Ségur, La Fleur Pétrus, Certan de May, Belair-Monange, and Pavie-Macquin.
By virtue of being linked to vintages at the mercy of the cyclicality of nature, it appears that this year’s campaign represents a downcycle, according to feedback thus far from Wine Lister’s trade network.
For further details on the vintage, pricing, and popularity of Bordeaux in the context of the 2021 vintage, Part II of Wine Lister’s Bordeaux Study is now available to download here.