Bordeaux en primeur – wines to watch for price potential post-release

One of the most significant periods of purchasing in a wine collector’s calendar is once again upon us. Bordeaux en primeur provides the opportunity to secure wines before they are bottled, with the primary benefits being both to gain access to crus that sell out quickly, and to pick them up at attractive prices, which will likely be higher once the wine becomes physically available.

In Wine Lister’s latest Bordeaux Study, we examine a five-vintage retrospective analysis showing the greatest positive percentage change between wines at ex-négociant release price and current market prices.

Taking a closer look at the top-20 wines in the list, these bottles often see significant demand post- release, and are worth keeping an eye out for during the impending en primeur campaign.

Lafleur, Les Carmes Haut-Brion, and Petrus typically see the greatest percentage changes in price, with all three producing notably small volumes within the context of Bordeaux – c.1,000, 1,800, and 2,500 cases per annum, respectively. With rarity on its side, demand for Lafleur has encouraged its original release price to grow by 115% on average in the secondary market.

Four of the wines featured are produced under the same roof, or by the same team, as the Bordeaux First Growths, with demand surely heightened through association. Carruades de Lafite, Pavillon Blanc, Petit Mouton, and Clerc-Milon all offer potential price increase post-release, at a lower initial price than their Premier Cru siblings. Appearing fourth on the list, Carruades de Lafite has seen market price increase by c.56% post-release across the past five vintages, while the current cost of Petit Mouton is up c.54% on its ex-négociant price.

Offering relative value and potential for future returns, several “rising stars” are featured in the ranking, and are worth watching over the upcoming releases. Canon, Calon Ségur, and trade darling for good value, Meyney have exhibited strong increases in quality over recent years, which has resulted in higher demand, and thus strong price performance after en primeur campaigns. The three promising picks have seen their average price increase by c.33%, c.24%, and c.19% respectively.

Results are extracted from Part I of Wine Lister’s annual Bordeaux Study. You can download the study digest in English here: Wine Lister 2021 Bordeaux Study – Digest or French here: Wine Lister 2021 Bordeaux Résumé d’étude. The full report can be purchased on our Analysis page, while Pro subscribers can access their free copy here.

Wine Lister provides Pro+ subscribers with  real-time en primeur release alerts during the campaign. Email us to enquire about signing up, or track releases prices on our dedicated en primeur page here.


Bordeaux properties likely to see the highest increase in demand, according to the trade

With Bordeaux en primeur releases around the corner, the fine wine trade has begun to speculate behind the scenes on which properties will provide the top picks from the 2020 vintage. As we await patiently the release of critic scores and write-ups from further tastings, below Wine Lister shines some light on the perennial châteaux to watch, according to the results of our latest trade survey.

The graph below is an extract from Wine Lister’s latest Bordeaux Study, and shows results of properties receiving the highest number of mentions in response to the following question: Which Bordeaux properties do you think have the most potential in the near- to mid-term to see the highest increase in demand?

Answered by the 49 CEOs, MDs, and wine department heads from across the globe that took part in our in-depth trade survey, wines from properties mentioned below are likely to see high demand again in this year’s en primeur campaign.

Mirroring the châteaux that have seen the biggest improvement in Quality, Brand, and Economics (Wine Lister’s Pro Scores) over the past two years, the right bank proves a popular choice for potential increases in demand over the near- to mid-term, according to the survey results.

Saint-Émilion’s Canon and Figeac gain the joint-highest and second-highest mentions by our Founding Members, respectively, with the latter achieving the top WL score of all Bordeaux 2019s. Troplong-Mondot and La Gaffelière join the Saint-Émilion squadron, while Pomerol pick Vieux Château Certan also features in the top twelve most-mentioned properties.

A rising star in recent years, Les Carmes Haut-Brion ties for joint-first alongside Canon. Small production levels, rising demand, and attractive en primeur pricing for the last few years has made Les Carmes Haut-Brion a top buy. Rauzan-Ségla makes an appearance in joint-fourth place alongside Calon Ségur, followed by Palmer, Pichon Comtesse, and Giscours. Lafite is the sole first growth to make an appearance, with three respondents mentioning it in their list of top properties likely to see the highest increase in demand.

Results are extracted from Part I of Wine Lister’s annual Bordeaux Study. You can download the study digest in English here: Wine Lister 2021 Bordeaux Study – Digest or French here: Wine Lister 2021 Bordeaux Résumé d’étude. The full report can be purchased on our Analysis page, while Pro subscribers can access their free copy here.


Wine Lister 2021 Bordeaux Study: Going the (social) distance

As the fine wine industry starts preparing for another Bordeaux en primeur season at a distance, Wine Lister has published Part I of its annual in-depth Bordeaux Study. With insights from key fine wine trade players from across the globe, Part I evaluates Bordeaux’s recent performance, considers the major takeaways from the 2019 vintage campaign, and contemplates the lessons they might provide moving forwards.

Please see our key findings below:

You can download the study digest in English here: Wine Lister 2021 Bordeaux Study – Digest or French here: Wine Lister 2021 Bordeaux Résumé d’étude. The full report can be purchased on our Analysis page, while Pro subscribers can access their free copy here.


The best of both Banks: Lafon-Rochet 2020

With Bordeaux 2020 en primeur fast approaching, Wine Lister reports on one of the latest updates to emerge from the Médoc, informing your investment decisions over the coming months. In collaboration with Château Lafon-Rochet, we speak to Basile Tesseron to find out more about the inaugural partnership of two of the most revered consultants in Bordeaux to work on the estate’s 2020 blend: Jean-Claude Berrouet and Eric Boissenot.

Renowned for his expertise in Merlot production at Pomerol’s Château Petrus, Lafon-Rochet’s existing consultant, Jean-Claude Berrouet has been working at the estate alongside his son, Jeff, since 2012. Basile tells us that his team “admire the quality of the tannins present in the wines that Jean-Claude consults on, as well as his expertise with grapes coming from clay soils”.

With almost half of the estate based on clay, and the other half on dry, deep, gravely soils, he explains that “it was logical to combine Jean-Claude’s work with that of Eric Boissenot”, whose father, Jacques, has also been working with Lafon-Rochet for several years. With a reputation as oenologist to some of the Médoc’s top châteaux, Eric Boissenot is known for his dedication to the accentuation of terroir.

This meeting of minds from the Right and Left Banks for the first time illustrates another step in the evolution of Lafon-Rochet under Basile’s guidance. Since taking over the running of the estate in 2007, he has overseen the construction of two new cellars, extensive replanting, and a dedicated biodiversity programme. Having spent several years conducting agroforestry trials, last year Lafon-Rochet embarked on an agroforestry scheme that aims to make the estate wild once again through assisted natural regeneration. As well as installing bat nesting boxes and beehives, the property aims to plant 13,000 trees on its land by 2022.

Click here to sign up to Wine Lister’s free newsletter to keep track of everything en primeur over the coming months, including our recommendations on which releases to buy.

WL PR offers a dedicated communications service to help fine wine producers tell their story within the UK market. Head to our services page here to find out more.


New year, new tool – Wine Lister’s Vintage Chart

As we stayed hunkered down for much of 2020, Wine Lister was working on a new interactive tool for its website users: the Vintage Chart. Adding further breadth to our rating and information hub, this new feature allows side-by-side comparisons of top vintages from various countries, regions, and appellations.

See the example of Côte de Nuits reds below for some of the best of Burgundy’s back vintages, or explore the Vintage Chart for yourself here.

The Vintage Chart above compares the past 16 vintages of Côte de Nuits reds by WL score, based on the average WL scores of the top-performing wines in each “line”.

Informed by the latest available scores from two of Wine Lister’s partner critics, Jancis Robinson, Jasper Morris, and Neal Martin (Vinous) a look at the 2019 column reveals the success of Musigny, Richebourg, Romanée-Saint-Vivant, and Vosne-Romanée in the most recent vintage currently being released en primeur. The top-performing wines across the four appellations achieve an average WL score of 96, followed closely behind by Chambertin, Chambertin Clos de Bèze, Charmes-Chambertin, Clos de la Roche, Echezeaux, Gevrey-Chambertin, and Grands Echezeaux all gaining an average WL score of 95 in 2019.

Using the horizontal scroll to explore back vintages, one can see that Musigny is the most consistently high-scoring Côte de Nuits red appellation, with its top wines achieving an average WL score of 95 and above in the 15 vintages since 2004.

Click here to explore the Vintage Chart for yourself, or watch our video demonstration to find out how to get the most out of this new interactive tool here.

Wine Lister Pro members have access to a more extensive Vintage Chart, which integrates our holistic 360° rating system to visualise the average scores in the Economics and Quality categories, as well as by overall WL Pro score (which also takes into account a wine’s Brand clout). Log in to your account to view the Pro Vintage Chart here, or find out more about the Pro subscription here


Burgundy in 2020: buy the best of the bunch

Before the bulk of Burgundy en primeur 2019s are released onto the market, Wine Lister has published its second in-depth Burgundy study.

Below we explore the complex relationship between the region’s price performance and its popularity growth over the past two years, informing your investment decisions over the coming months.

The two-year price performance of a basket of 175 Burgundy wines (the same wines featured in our previous study on the region in 2018), based on the last 30 vintages. Price data partner: Wine Owners.

As shown in the chart above, Chambolle and its surrounding sites lead in the price performance of Burgundy Grand Crus, followed by wines hailing from its northerly neighbour, Morey-Saint-Denis. The notorious sub-set of Grand Crus from around Vosne – home of legendary Richebourg, La Tâche, Echezeaux, and Romanée-Conti – has seen slower price performance, which is matched with lower popularity growth (see below).

The two-year popularity growth of each Burgundy subset. Popularity data partner: Wine-Searcher.

Though Chambolle and its surrounding Grand Crus have excelled in two-year price growth, consumer interest in the wines of this subset increased the least. Following similarly this opposing relationship between the two data sets, Nuits-Saint-Georges / Vosne Premiers Crus and Village wines gained the most popularity over the last two years by a large margin, while the subset’s price performance trails behind in last place.

A growing interest in lower-priced wines from Burgundy is further explored through trends identified by key members of the international fine wine trade in Wine Lister’s report. Producers such as Arnoux-Lachaux and Georges Mugneret-Gibourg are well worth looking out for when buying Burgundy en primeur for drinking in several years’ time.

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).


Wine Lister 2020 Burgundy Study: Out of this world

Burgundy prices continue to rise, and top wines are becoming ever-harder to access – but must what goes up really come down?

Wine Lister has published its second in-depth Burgundy report, with contribution from partner critic and leading Burgundy expert, Jasper Morris. With insights from key fine wine trade players from across the globe, the report investigates the state of Burgundy compared to other major fine wine regions, and discusses projections for its future performance.

Please see our key findings below:

You can download the study digest in English here: Wine Lister Burgundy Study Digest 2020 or French here: Wine Lister Étude Bourgogne 2020 – Résultats Clés. The full report can be purchased on our Analysis page, while Pro subscribers can access their free copy here.


The best Bordeaux MUST BUY right now ? – Lafite 2018

Amid the flurry of releases from La Place de Bordeaux during September, an exciting development is said to be afoot from a wine grown on home turf.

We understand that Lafite 2018 – released last spring en primeur and currently still only available to purchase as such – will be bottled next year in special, 150 year anniversary bottles, complete with one-off anniversary labels.

The current average market price of Lafite 2018 is £533 per bottle (in-bond)*. Special bottlings typically induce significant price rises, particularly for Bordeaux first growths.

Mouton 2000’s special, gold-engraved bottle is priced almost four times higher than the average of Mouton’s recent back vintages (£1,558 vs. £398).

Similarly, the price of Margaux 2015, whose special bottle features a black label in memory of its winemaker, the late Paul Pontallier, has risen 64% since the commemorative bottling was announced.

Prices of any remaining Lafite 2018 in the global marketplace are therefore poised to increase between now and the actual bottling of the wine, at which time we understand a small parcel of further, physical stock could be released by the château (presumably at a sizeable premium).

Lafite 2018 is currently an absolute MUST BUY.

*on date of publication, Thursday 17th September 2020


The best for your buck: Bordeaux 2019 at five different price points

Thanks to solid discounts on existing market prices from many châteaux, the Bordeaux 2019 en primeur campaign can be considered a success, and may prove in the long-term to have helped the en primeur system find its feet once again, in terms of the cost benefit it offers to buyers.

Part II of Wine Lister’s Bordeaux Study, In sickness, in health discusses this in more detail. In the meantime, below we have selected top MUST BUYs at different price points, to help those still on the hunt for Bordeaux 2019.

Under £25 – Grand-Puy-Ducasse

Grand-Puy-Ducasse 2019 is both a MUST BUY and a Value Pick, achieving its best ever WL score of 93 in 2019, available at £23 per bottle (in-bond) when buying by the case. The latest release illustrates the contrasting climatic conditions of 2019, with critics noting its complexity and nuance. Wine Lister partner critic, Neal Martin, notes, “crisp tannins, a fine bead of acidity, cohesive and harmonious with a lovely saline/briny note”, adding “this is one of the best Grand Puy Ducasse wines that I have encountered from barrel. Excellent”. Grand-Puy-Ducasse 2019 is available to purchase by the case from Justerini & Brooks.

More Bordeaux 2019 MUSY BUYs under £25: Capbern, Gloria, Laroque, Meyney, Potensac, and Siran.

Under £50 – Larcis-Ducasse

At £47 per bottle (in-bond), Larcis-Ducasse 2019 is priced notably well within the wider context of Saint-Émilion Grand Cru Classé “B” releases. As examined in a recent en primeur blog, it earns a WL score of 95 – just one point less than the likes of Cheval Blanc and Pavie (costing on average six times less than its Classés “A” neighbours). Winemaker, David Suire, observes that the vintage reflects clearly its limestone terroir, showing floral notes and an overriding minerality. Wine Lister partner critic, Antonio Galloni, concurs, noting “graphite, menthol, licorice, tobacco and cedar notes” in the bouquet, coining it “one of Bordeaux’s most under the radar gems”. While demand for this wine has likely been strong, Larcis-Ducasse 2019 is still available through Millésima’s UK and Hong Kong branches.

More Bordeaux 2019 MUST BUYs under £50: Brane-Cantenac, Giscours, Grand-Puy-Lacoste, La Gaffelière, Malescot Saint-Exupéry, and Pavie-Macquin.

Under £100 – Haut-Bailly

At £70 per bottle (in-bond), Haut-Bailly 2019 shares the château’s top WL score (95) with recent vintages 2018, 2016, 2015, and 2014. Managing Director, Veronique Sanders, told the Wine Lister team of their need to light fires five times to prevent frost in the spring of 2019, escaping unscathed. In the end, challenges throughout the growing season concluded in perfect harvest conditions, and a wine of impressive balance and energy. Indeed, the 2019 has received unanimous confidence from critics – Neal Martin states that the 2019 is a “more terroir expressive Haut-Bailly that has an effortless allure and a sense of sophistication”, concluding that it is “wonderful”. Haut-Bailly 2019 can be acquired by the case through Goedhuis & co.

More Bordeaux 2019 MUST BUYs under £100: Calon Ségur, Canon-la-Gaffelière, Canon, Clinet, Léoville Poyferré, Pontet-Canet,  Lynch-Bages, Montrose, and Troplong-Mondot.

Under £200 – Léoville Las Cases

Léoville Las Cases 2019 achieves a WL score of 97, at £145 per bottle (in-bond). While volumes of the 2019 released onto the market were down 35% on last year, there is still some availability of this Saint-Julien super second, and we highly recommend getting your hands on some. Wine Lister’s CEO, Ella, describes it as “luminous and lyrical”, noting a bouquet of “English garden – raspberry blossom, cow parsley, fraises de bois, and then a deeper note of ripe cherries”. James Lawther for JancisRobinson.com is similarly impressed, awarding it 19 points and noting it as “one of the greats from this estate”. The latest vintage can be purchased through Fine+Rare.

More Bordeaux 2019 MUST BUYs under £200: Figeac, Haut-Brion, La Conseillante, La Mondotte, Le Petit Mouton, La Mission Haut-Brion, Palmer, Pichon Comtesse, and Vieux Château Certan.

Over £300 – Mouton

While the release price of this Pauillac Premier Cru, let alone the quality of its 2019, likely makes it one of the most popular buys of the campaign, there may still be opportunities to secure some en primeur. Released at £299 per bottle (in-bond), Mouton 2019 achieves a WL score of 97 – the second-highest score achieved by the château in recent years, following the 2016’s 98. Wine Lister’s CEO, Ella Lister, describes Mouton 2019 thus: “velveteen tannins, long and caressing”, recounting “complex, savoury flavours of graphite and slate intermingled with the generous fruit”. Farr Vintners still appears to have some availability of Mouton 2019 (albeit at a slightly higher price than its release).

More Bordeaux 2019 MUST BUYs over £300: Cheval Blanc, Lafite, and Lafleur.

French readers can find this blog in French translation on Le Figaro Vin’s website

Wine Lister Pro members can read Part II of the Bordeaux study here. All free users can purchase the report for £125 from Wine Lister’s Analysis page (available in both English and French).


Rising through the ranks: Bordeaux 2019

This week, Wine Lister published Part II of its annual in-depth Bordeaux Study, In sickness, in health, which, among other inquiries, examines the 40 top-quality crus in 2019. As illustrated in the study, tastings have so far indicated high quality levels across the board in 2019, while numerous wines have made significant advancements, shaking up this year’s rankings.

Following this line of investigation, below we examine the top 25 Bordeaux 2019s by WL score (as separated by mere decimals), and consider the biggest movers since last year. These scores are informed by the recently-released ratings of Wine Lister partner critics, Bettane+Desseauve, Antonio Galloni and Neal Martin for Vinous.com, and James Lawther for JancisRobinson.com.

Consistent with last year’s ranking of Bordeaux 2018s by Quality score (conducted before the introduction of Wine Lister’s free site, featuring WL scores out of 100), Pomerol earns the highest number of places (six) in the top 25 2019s by WL score. Neighbouring Saint-Emilion follows closely behind with five spots in this year’s ranking, including the top-scoring wine of the vintage, Figeac 2019, which achieves a WL score of 98.

The four first growths to release their 2019s en primeur appear in third through seventh places, intersected by La Mission Haut-Brion’s entry at fifth place. This promising Pessac-Léognan climbs an impressive 26 spots in 2019, and, as mentioned in our previous blog, has been recently assigned MUST BUY status. Neal Martin scores La Mission Haut-Brion 2019 98-100 points, declaring: “I wager that ultimately this will become one of the wines of the vintage”, concluding that the wine is “breathtaking”.

L’Eglise Clinet sees an impressive upwards shift of 33 places this year, entering the top 10 with a WL score of 96. A poignant tribute to its late winemaker, Denis Durantou, its 2019 has received significant praise, with Antonio Galloni noting that it is “very clearly one of the wines of the year. A Pomerol of soaring, majestic intensity, L’Eglise-Clinet dazzles from start to finish”.

Pichon-Baron and Angélus both climb eleven places in this year’s top-25 ranking, to 11th and 16th place, respectively, with the former receiving top scores from both Neal Martin and Antonio Galloni. Both critics allude to the depth of Pichon-Baron’s 2019, with Galloni stating that “pomegranate, chocolate, licorice and spice are all lavishly expressed”. This represents one of Pauillac’s four entries on this year’s top-25 ranking, which also comprises Mouton, Lafite, and Pichon Comtesse.

Haut-Bailly makes a sizeable leap of 18 places since last year, ranking in 21st place with a WL score of 95. At £70 per bottle (in-bond) Haut-Bailly 2019 is also a Wine Lister MUST BUY. Fellow Pessac-Léognan producer, Smith Haut Lafitte, climbs an impressive 32 places with its 2019 vintage, rounding out the top 25 list. Having tasted twice, Neal Martin describes its “intense, very pure bouquet with blackberry, briary and cherry compote and a hint of black olive tapenade in the background”.

Also featured in the top 25 Bordeaux 2019s by WL score are: Belair-Monange, Cheval Blanc, Cos d’Estournel, Ducru-Beaucaillou, Haut-Brion, La Conseillante, Lafleur, Léoville Las Cases, Léoville Poyferré, Margaux, Palmer, Pavie, Petrus, Trotanoy, and Vieux Château Certan.

Wine Lister Pro members can read Part II of the Bordeaux study here. All free users can purchase the report for £125 from Wine Lister’s Analysis page (available in both English and French).