Rounding off this year’s en primeur campaign, Wine Lister’s partner critic platform, JancisRobinson.com has now published its top Burgundy 2020 scores, with further insight into the latest vintage from Jancis Robinson, alongside Matthew Hayes, and fellow Masters of Wine, Andy Howard and Julia Harding.
Explore all Burgundy 2020 scores here, or read more below.
Amongst the 36 Burgundy 2020s that earn 18 and over, five wines receive 18.5 points and two receive a score of 19 – a slight reduction from the number of top scorers in last year’s campaign, with Jancis awarding 18.5 points to 18 Burgundy 2019s and a score of 19 to four wines.
Whites continue to steal the show across this year’s releases, with four receiving a score of 18.5 and above – compared to just one featured within the same parameters last year. Sharing a near-perfect score of 19 are Montrachets from Comtes Lafon and Leflaive – Matthew Haynes describes the former as “honed, dense, and focused”, and the latter as having a “beautiful balance and drive.”
Two producers dominate JancisRobinson.com’s top Côte de Nuits red scores; Armand Rousseau is featured five times in the list, for its Chambertin Clos de Bèze, Gevrey-Chambertin Clos Saint Jacques, Chambertin, Clos de la Roche, and Ruchottes-Chambertin Clos des Ruchottes, and Jean Grivot earns four places, with Richebourg, Echezeaux, Vosne-Romanée Les Suchots, and Vosne-Romanée Aux Reginots all achieving 18 points.
Despite the hot and dry summer causing difficulty to some of the Côte de Beaune reds, four wines from Volnay shine through; Michel Lafarge’s Volnay Les Caillerets and Clos du Château des Ducs, and Joseph Voillot’s Volnay Champans and Les Caillerets.
Discover more Burgundy 2020 scores from Wine Lister’s partner critic, Neal Martin here, an regional specialist, Jasper Morris here.
Insight from Burgundy’s regional specialist
Wine Lister’s partner critic and leading Burgundy expert, Jasper Morris MW completed the release of his Burgundy 2020 scores last week. Below we take a closer look at his top ratings per appellation subset.
How did Burgundy’s appellations perform in 2020?
Jasper Morris’ Burgundy 2020 report outlines the challenges brought about by such a hot and dry summer, with soaring temperatures throughout August leading to a deficit of juice, particularly in Pinot Noir. The inability of certain rootstock to deal with the hot dry conditions led to the threat of dieback disease (a fungal disease that attacks the trunk, appearing more frequently in stressed vines), with Jasper noting he has “never seen as many vines being ripped out as [he] did in autumn 2020”. Indeed, both factors resulted in relatively low yields for reds, with a number of producers in the Côte de Nuits having “made more wine in the frost-damaged 2021 vintage than they did in 2020.”
Nonetheless, Jasper reported that the hydric stress “concentrated everything, including acidity”, identifying wines with “profound intensity beyond anything [he] saw in 2018 and 2019.” He describes a “universally successful vintage for the white wines”, and a “wider range of styles and successes in the reds”.
Côte de Nuits
With almost all of his top scores given as ranges, much of Jasper’s tasting this year took place whilst wines were still in barrel, as many producers were “tempted to increase the length of élevage for their wines, especially the reds, given the exceptional concentration of the fruit”. This contrasts with the majority of singular scores awarded to the in-bottle samples he rated at the same time last year, and while 2019 did not see any potential 100-point wines, the Côte de Nuits 2020s have five.
The selection includes Duroché’s Chambertin Clos de Bèze and Armand Rousseau’s Chambertin, with the former released as a limited edition cuvée to mark 100 years since the Duroché family planted vines on the site. Also potentially perfect are Guyon’s Echezeaux and Domaine de la Romanée-Conti’s La Tâche, with Jasper suggesting the former “could be THE wine of the vintage.” Completing the line-up is Perrot-Minot’s Richemone Vieilles Vignes, a Premier Cru with a vibrancy that Jasper considers “almost unsurpassed anywhere in the Côte”.
Within Morey-Saint-Denis and its surrounding Grands Crus, Clos de Tart’s namesake cuvée shares the top score for a second year in a row, earning 96 – 98 points, having been complimented for its “spectacular depth”. Clos de Lambrays – nurtured by Clos de Tart’s previous winemaker, Jacques Devauges, since 2019 – matches the rating.
Côte de Beaune – reds
Jasper reports that the most challenging conditions were felt where grapes typically ripen first, including the southern villages of Volnay and Corton. Despite this, several reds including Michel Lafarge’s Volnays Clos des Chênes and Clos du Château des Ducs, and Chandon de Briailles’ Corton Clos du Roi fare well, the latter described as having the “most sensual nose of all”, with notes of “alpine raspberries”.
Côte de Beaune – whites
Jasper awards 71 white Burgundy 2020s a score of 94 – 96 and above, compared with last year’s 29 wines scoring 95 and above. He stresses the success of the 2020 vintage across the whites, with Chardonnay grapes retaining more juice than Pinot Noir, and benefitting from a longer ripening time. Montrachet and associated white Grands Crus saw two wines with a potential 99 points – Marc Colin’s Montrachet and Louis Jadot’s Bâtard-Montrachet.
Bouchard Père et Fils’ Corton-Charlemagne achieves a score of 95 – 98, and is praised for expressing “a really impressive wealth of fruit”. Earning the only potential 100-point score for whites in 2020, Arnaud Ente’s Meursault La Sève du Clos was particularly memorable, with Jasper affirming that he has “never seen this consistently great wine as expressive before”.
Explore Jasper Morris’ full Burgundy 2020 report here. For more Burgundy 2020 commentary from our partner critics, recap Neal Martin’s ratings here, and stay tuned for the last lot of scores from Jancis Robinson.com.
The first of Wine Lister’s partner critics to release scores for the latest Burgundy vintage, Neal Martin’s assessment (for Vinous) provides initial insight into some of the top en primeur picks in 2020.
What do we know about Burgundy’s 2020 vintage so far?
2020 will be remembered as a year that saw some of the earliest harvest dates ever recorded in Burgundy, with several of the region’s producers picking as early as 12th August. Though following the pattern of recent vintages marked by warm and dry growing seasons, the threat of drought was partly alleviated by significant rainfall during the winter months through to spring, which ensured water reserves were replenished ahead of the heat. Some Pinot Noir producers nonetheless saw a drop in yields, particularly on sites with poorer soils, and thus restricted water retention ability.
Dry conditions during ripening minimised the threat of disease and mildew, which was valuable for the healthy growth of red and white grapes. Despite the earlier harvest, the grapes saw excellent ripening and phenolic development, while high levels of evaporation concentrated sugars, flavours, and acidity.
Compared to the 19 wines that Neal Martin awarded 96-98 and above last year, there are an impressive 40 wines within the same parameter for the 2020 vintage. While there were no wines that earned a potential perfect score in 2019, Georges Roumier’s Musigny and Armand Rousseau’s Chambertin Clos-de-Bèze receive 99-100 and 98-100 points respectively in 2020. Neal Martin notes that the top-scoring reds of the vintage all share an excellent acidity, which “lends the 2020s a sense of brightness”.
Also faring notably well, Comte Liger-Belair’s La Romanée, Domaine de la Romanée-Conti’s La Tâche, Georges Roumier’s Chambolle-Musigny Les Amoureuses, Hudelot-Noëllat’s Richebourg, Louis Jadot’s Musigny, and Tawse’s Mazoyères Chambertin earn scores of 97-99.
Whites worth trying
Four whites hailing from Montrachet appear on the list, with offerings from Comtes Lafon, Domaine d’Eugénie, Etienne Sauzet, and Marc Colin each earning a score of 96-98. Neal Martin describes mineral notes across each, having written that this was one of the great attributes of the top whites in the vintage – especially across those grown on more “calcareous soils” akin to that which Montrachet boasts. Following the trend of white burgundy producers using less new oak, Marc Colin uses only old oak barrels for the first time in this vintage, while Comtes Lafon matured Montrachet in one-third new oak instead of 100%.
Discover Neal Martin’s full list of Burgundy 2020 scores here. Watch this space for further Burgundy 2020 score updates from Wine Lister’s partner critics, JancisRobinson.com, and specialist Burgundy critic, Jasper Morris MW.
New additions from this year’s offerings
With the Bordeaux 2020 en primeur campaign now concluded, Wine Lister’s latest MUST BUY update includes 13 new picks from the latest vintage, covering a range of different appellations and price points.
New 13 MUST BUY additions from Bordeaux 2020
What are the MUST BUYs from Bordeaux 2020?
Wine Lister’s MUST BUY algorithm takes into account a wine’s quality and value within its vintage and appellation to produce initial recommendations. These results are then filtered through an intelligence-based, human overlay, which identifies MUST BUY wines based on our tasting of Bordeaux 2020, and observation of the reception of each release in the market.
Right Bank insights
Highlighting the success of the Right Bank in 2020, Saint-Emilion houses five of our 13 Bordeaux 2020 MUST BUYs. Amongst the selection is one of Wine Lister partner critic, Antonio Galloni’s (Vinous) “wines of the year”, Pavie 2020, which he scores 97-99, noting “All the elements are well balanced.” The first key release out of the gate this year, Cheval Blanc also gains MUST BUY status. With a score of 96-98 from Neal Martin (Vinous), who calls it “finely proportioned and multi-layered” with a “mineral-driven finish”, the 2020 can be purchased en primeur from Petersham Cellars for £388 per bottle (in-bond).
Beauséjour Héritiers Duffau Lagarrosse, Laroque, and Canon also join the Saint-Emilion entries – the latter gaining praise from Wine Lister CEO, Ella Lister, who describes it as “Full-to-bursting with salivating fruit, just ‘à point’, with impeccable balance”. Canon 2020 can be bought en primeur from £96 per bottle (in-bond) from Honest Grapes.
The Right Bank is represented further by prized Pomerol property, La Conseillante, which retains MUST BUY status for the second vintage in a row. Released at £156 per bottle (in-bond), the 2020 receives a score of 96-98 from Neal Martin, who calls it a “deeply impressive and quite profound La Conseillante”, and is available to purchase en primeur from Goedhuis & Co.
Left Bank investments
Over on the Left Bank, the latest Margaux MUST BUYs comprise 2020s from Brane-Cantenac, d’Issan, and Durfort-Vivens – all of which are available on the market for £50 per bottle (in-bond) or less. d’Issan performs notably well, taking new shape with the introduction of Petit Verdot and Malbec in the latest blend, hailing from new plots purchased by the estate in March 2020. It earns a score of 93-95 from Antonio Galloni, who notes that “Issan is shaping up to be a jewel of a wine.” Appearing in the rankings for most-improved Wine Lister Quality score for a third consecutive year (see our recent blog here), Durfort-Vivens also achieves MUST BUY status in 2020. The estate has seen impressive post-en primeur price performance in recent years, and shows future promise in its upward quality trajectory. Durfort-Vivens’s latest release can be bought en primeur from Justerini & Brooks at £44 per bottle (in-bond).
Pauillac’s Haut-Bages Libéral 2020 receives some of the highest scores ever achieved by the property, including a score of 17 from James Lawther for JancisRobinson.com, who calls it “pure and precise” with “silky and refined” tannins. In neighbouring Saint-Estèphe, Lafon-Rochet also features in the latest MUST BUY haul, with a vintage that marks the inaugural merging of two of the most revered minds in Bordeaux (see our recent blog here). Jean-Claude Berrouet and Eric Boissenot’s joint efforts in 2020 were praised by critics, with Jancis Robinson calling it “a very successful 2020.” Released from £27 per bottle (in-bond), Lafon-Rochet 2020 also gains Value Pick status, and can be purchased at Jeroboams.
Pessac-Léognan provides two MUST BUYs in 2020, with Malartic-Lagravière receiving a score of 93-95 from Antonio Galloni, who describes it as having “An extra kick of energy and vibrancy that is quite attractive”. Les Carmes Haut-Brion 2020 earns 95-97+ from the critic, and can be acquired from Jeroboams for £79 per bottle (in-bond).
Explore all Wine Lister MUST BUYs here, or discover more Bordeaux 2020s here.
As we approach the end of this busy Bordeaux en primeur campaign, yesterday (Wednesday 23rd June) saw the release of the Clarence Dillon family wines, Saint-Éstephe superstar, Montrose, and promising Pessac-Léognan pick, Haut-Bailly.
A family affair: Wine Lister CEO, Ella Lister tasted the Clarence Dillon family wines in Bordeaux
Haut-Brion released its red and white grands vins at £433 and £600 per bottle respectively, with both wines receiving strong praise from critics in 2020. The former gains 97-99 points from Wine Lister’s partner critic Antonio Galloni (Vinous), who notes “The 2020 Haut-Brion is shaping up to be one of the wines of the year. […] Wow.” Wine Lister CEO, Ella Lister was also impressed, describing “Focussed purple fruits, with a fresh lift of aloe vera, pepper, and fading peonies” on the nose, with “Classical flavours of cassis and violet, [and] a beautiful, beamish balance” on the palate.
Ella also provides a positive perspective on the latest release of Haut Brion Blanc, describing an “almost Burgundian minerality” on the nose, a “golden” palate. It gains the joint-highest WL score of all dry Bordeaux whites in 2020, tying for first place with its cousin, La Mission Haut-Brion Blanc.
La Mission Haut-Brion’s red and white entered the market yesterday at £252 and £480 per bottle, respectively. Gaining an impressive score of 97-99 from Neal Martin (down from the potential 100-point score of 98-100 in 2019), La Mission Haut-Brion 2020 is described by the critic as “An enthralling wine in the making from Jean-Philippe Delmas and his team”. Ella is also impressed with the latest release, noting “brooding, poised aromas of pomegranate and fig” on the nose, with a “layered and expressive” palate. Falling under the current market price of the 2018 and 2019 (whose price has increased around 63% since its release), while sporting similar average critics scores to the 2015 and 2016 vintage, this could be an attractive buy.
Outside of the Clarence Dillon clan, Montrose entered the market at £128.35 per bottle, having been well received by the few critics who tasted in Bordeaux this year (the estate was among those that did not send samples abroad). Wine Lister’s partner critics, Bettane+Desseauve award 98 points on their new scale of 100 points, while James Lawther for JancisRobinson.com gives 18+ points. Tasting in Bordeaux, Ella notes that “The fruit this year is ethereal. Luminous, racy, and as with the second wine, with an incredibly gentle touch” on the nose, whilst the palate “has that Montrose silkiness in spades”. Gaining the highest WL score of Saint-Estèphe 2020s (96), this may well see demand from fans of the estate and its appellation.
Haut-Bailly also released yesterday at £96 per bottle, having gained positive scores of 95-97 from both Antonio Galloni and Neal Martin. Hosting a virtual tasting of the estate’s 2020s for our London office, owner Véronique Sanders told us that the château confronted extreme climatic conditions last year, akin to the past three vintages, which have all produced top quality wines. Indeed, tasting at the estate, Ella found Haut Bailly’s Grand Vin to be “poised, savoury, and relaxed” on the nose, with “a lovely weight, and trademark ribbon mouthfeel”.
As we find ourselves in the peak of this year’s en primeur activity, Tuesday morning (22nd June) saw a wave of releases from the Médoc and beyond, including wines from First Growth Margaux, its popular neighbour Palmer, and fellow biodynamic trailblazer, Smith Haut Lafitte.
Moments at Margaux: the First Growth released its 2020 on Tuesday (22nd June) at £433 per bottle
Smith Haut Lafitte kicked off the release rush, entering the market at £96 per bottle. The 2020 receives top scores across the board, with Wine Lister’s partner critics, Antonio Galloni and Neal Martin (Vinous) each giving 95-97 points, and the latter deeming it “an outstanding effort”. Tasting with co-owner, Florence Cathiard at the property, Wine Lister CEO, Ella Lister, describes “playful black fruit, dark chocolate, and black liquorice” on the nose, and a “fine-boned but monstrous tannic structure” on the palate.
Joining its red offering (at the same price), Smith Haut-Lafitte’s white also receives strong scores from critics, including 17.5 points from Jancis Robinson, who calls it “a real triumph”. Ella observes that the 2020 vintage is a perfect example of why Smith Haut-Lafitte is so famous for its blanc sec, finding “a subtle, flirtatious nose of white pepper, lime and pure white fruit”, and a “rich, creamy texture” on the palate. Both Smith Haut Lafitte 2020 rouge and blanc have special edition labels designed to celebrate the 30th vintage under Florence and Daniel Cathiard, as well as 655 years of the property.
Moving over to the Médoc, Margaux 2020 released yesterday at £433 per bottle, having been widely considered as the wine of the vintage. According to scores from Wine Lister’s partner critic panel, the First Growth does indeed top the 2020s, gaining the highest WL score of the vintage. Antonio Galloni and Neal Martin both award Margaux 97-99 points, with the former calling it “very clearly one of the wines of the vintage in 2020″. Tasting at the property in Bordeaux, Ella describes an “intensely rich, concentrated” nose, and a palate that is “off-the-charts potent in terms of fruit and acidity”. Wine collectors will likely be desperate to get their hands on this.
Margaux’s second wine, Pavillon Rouge, and dry white, Pavillon Blanc were also released, at £138 and £180 per bottle, respectively. Ella praises both wines in 2020, describing an “all-round beautiful balance and intensity of fruit” in the red, and admiring the “really rich, mouthcoating texture” of the white – “almost a Chardonnay-esque opulence”.
Popular en primeur pick, Palmer also entered the market at £240 per bottle. Speaking to Wine Lister in October, Managing Director, Thomas Duroux explained that while “négociants would have liked a vintage with high volume and lower prices, the 2020 will be small”, yet nonetheless “rich and exuberant”. Palmer 2020 receives strong scores from the few critics who have tasted it (having maintained its policy of not sending samples). James Lawther for JancisRobinson.com awards it 18+ points, while Ella comments on the wine’s “exquisite texture”, hailing it “like brushed Indian silk”.
Concluding a busy week of releases, Friday (18th June) saw new entries from shining Saint-Émilion estates, Troplong-Mondot, Valandraud, and Canon, as well as top Pomerol property, l’Eglise Clinet.
Troplong-Mondot 2020 opened Friday’s releases at £72 per bottle. Neal Martin (Vinous) awards the latest release 94-96 points, hailing it “delicious and characterful […] Excellent”, while Ella Lister (Wine Lister) notes a bouquet of “blue plums and black cherries, rounded out with star anise and cardamom”. Gaining the largest confidence rating increase of any Bordeaux wine in Wine Lister’s latest Founding Member survey (see below), Troplong-Mondot may well be worth investing in for the future.
Results from Wine Lister’s 2021 Founding Member survey show Troplong-Mondot achieves first place for largest confidence rating increase of any Bordeaux wine.
Valandraud followed suit and has been so far offered by merchants for c.£106.50 per bottle. Writing for JancisRobinson.com, Richard Hemming awards the estate its highest score ever given by the critic body (17.5+), while Antonio Galloni (of Vinous) shares his praise, scoring 95-97 and noting “a magnificent effort from Muriel Andraud and Jean-Luc Thunevin”. The husband and wife duo have stepped up the storytelling at Valandraud recently, which should encourage demand for its latest release.
Released at £234.29 per bottle, l’Eglise Clinet 2020 entered the market 21% below the current price of the 2019, which has shown strong price performance post-release. The 2020 marks the start of a new era for l’Eglise Clinet, following the passing of its legendary owner and winemaker Denis Durantou last year. With Antonio Galloni and Neal Martin both awarding 96-98 points (the former notes it “very clearly claims a stake for itself among the wines of the vintage”), the 2020 certainly appears to live up to the legacy of the famed Durantou.
Rounding out Friday’s releases, Canon 2020 released at £96 per bottle (2% and 9% below the market prices of the 2019 and 2018 vintages, respectively). Critics praise has once again been strong in this year, with Neal Martin awarding 96-98 points and calling it “the best since the benchmark 2015/2016 vintages”, while Ella also proposes that it could be “A new 2015?”. With demand for the estate continuing to thrive, the 2020 is worth snapping up.
Yesterday (Thursday 17th June) saw a flurry of promising releases from both banks, including the likes of Clinet, Pichon Baron, Pontet-Canet, Calon Ségur, and more. Below we examine some of the highlights.
Alfred Tesseron getting a coffee at the Pontet Canet food truck during Bordeaux 2020 en primeur tasting week
Clinet 2020 opened the stage for yesterday’s release rush, entering the market at £66.50 per bottle. Falling c.30% below the current average market price of last year’s release, which has seen strong price performance since, the 2020 receives good critical praise that places it qualitatively in line with both the 2019 and 2015. Tasting in Bordeaux, Wine Lister CEO, Ella Lister calls it the best Clinet she’s tasted, observing a “Graceful, silky-smooth entry into the mouth […] A triumph”.
Super-second, Pichon Baron followed closely behind, releasing its 2020 at £110.60 per bottle. Having also shown good price-performance in recent vintages, the latest release comes onto the market 5% below the current average price of the 2019, and 15% below the 2018. Wine Lister partner critic, Antonio Galloni (Vinous) awards the 2020 96-98 points, noting “This is hands down one of the most impressive wines of 2020”. Ella is also complimentary, describing a palate that is “Structured, voluminous at first”, then shows a “wonderful feather-lightness”.
Fellow Pauillac peer, Pontet-Canet also released yesterday at £74.23 per bottle, providing another discount on market prices for its 2019 and 2018 vintages (26% and 19%, respectively). Antonio Galloni gives the 2020 95-97 points (level with the 2019), calling it a “captivating effort from the Tesseron family” that is “luxuriously rich from start to finish.” Ella agrees with this optimistic assessment, describing “Characteristically unique aromas of black forest gâteau” on the nose, and a “sweet, and savoury” palate.
Rounding out the releases, Calon Ségur 2020 entered the market at £78.20 yesterday – 6% down on the remaining market availability of the 2019 (which has seen its price increase by around 28% since last year), and 27% down on the 2018. James Lawther for JancisRobinson.com awards the 2020 18 points, calling it “clean and saline on the finish”, while Ella describes “Iris, violet at the fore” on the nose, and a “moreish and elegant” palate.
Also released are: Pape Clément, Pape Clément Blanc, Pichon-Longueville Baron Les Griffons, Le Marquis de Calon Ségur, and Capbern.
With en primeur releases steadily gaining momentum this week, the campaign has been propelled forward today (Friday 11th June), as we see the first release from a First Growth: Lafite and its associated wines.
Duhart-Milon hit the ground running at £57 per bottle. The château has seen significant investment over the last 10 years, and with its vineyards on cool sites, it has flourished over the past few, warmer vintages. Tasting the Lafite line-up alongside International Director of DBR, Jean-Sébastien Philippe, Wine Lister CEO, Ella Lister, found Duhart-Milon 2020 to be “rivetingly pure, lifted, [and] eager” on the nose, with a “bouquet of spiced plums, black liquorice, chocolate-orange, and fresh flowers”. Marking the first vintage made in the property’s new winemaking facility in the heart of Pauillac town, this is a promising buy for lovers of the appellation.
Carruades de Lafite followed in quick succession, entering the market at £177 per bottle. Jean-Sébastien explains that owner Saskia de Rothschild considers Carruades to be the “promise of Lafite” – from vines that might one day have the potential to provide for the Grand Vin. Cutting volumes by half over the last few years is just one of the steps taken to increase the second wine’s quality. Described by Ella as “A mysterious Carruades, with a nose that is sultry and flirtatious”, the 2020 vintage comes onto the market comfortably under all recent back vintages available.
Lafite’s Pomerol property, L’Evangile released its 2020 grand vin at £185 per bottle. Alongside its left bank siblings, the estate has been undergoing its own transformation over the past few years, complete with a new winemaking team. Set to be certified organic from 2021, it already employs many biodynamic principles. Wine Lister’s partner critics Neal Martin and Antonio Galloni (Vinous) award the latest release 94-96 and 95-97 points respectively, with the latter stating “The 2020 L’Evangile is fabulous. […] Don’t miss it!”.
To end the release rush on a high, Lafite takes the first leap for the First Growths with a vintage that scores well across Wine Lister’s partner critics. Playing into the movement of a more restrained style of Bordeaux, Lafite 2020 sports the lowest alcohol percentage since 2010 (of 12.8%), and a low pH of 3.5. Writing for JancisRobinson.com, James Lawther awards it 19 points, noting its “Incredible potential”, while Ella comments that “the high acidity will carry it long into the future, gracefully, balletically. This is no monster, but rather soft and delightful”. As ever with Bordeaux’s super-brand, competition to access Lafite 2020 will likely be high.
Going the (quality) distance
As we prepare for the Bordeaux 2020 en primeur releases to really pick up pace, Wine Lister has published Part II of its annual Bordeaux Study.
With contribution from two of our partner critics, Antonio Galloni and Neal Martin (Vinous), Part II looks at how the latest vintage compares to recent years, considers which wines have seen the greatest step up in quality in 2020, and evaluates the leading Bordeaux bottles for long-term price performance and presence at auction.
Please see a handful of our key findings here: