In anticipation of this year’s en primeur releases, Wine Lister has published Part 1 of its annual in-depth Bordeaux Study. In collaboration with the world’s most visited wine website, Wine-Searcher, our market overview examines the region’s price performance and comparative popularity progression. Drawing upon valuable insight from 47 leading trade survey respondents, the study also identifies which properties have benefited from a rise in trade confidence over the past year, and explores recommendations for châteaux and merchants to see a successful 2021 en primeur campaign.
Please see our key findings below:
You can download the study digest here: Wine Lister 2022 Bordeaux Study – Digest. The full report can be purchased on our Analysis page, while Pro subscribers can access their free copy here. For further information on the data source, please see the Wine-Searcher website 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.
The past two days have seen the 2020 campaign pick up speed, with more releases from Margaux, some promising picks from Pessac-Léognan, Pomerol, and Pauillac, as well as an entry from top Saint-Emilion estate, Ausone.
Barrels of Lynch-Bages, whose 2020 vintage was released en primeur yesterday (Wednesday 16th June)
Released on Tuesday (15th June) at £500 per bottle, Ausone 2020 is awarded strong scores from the small selection of Wine Lister partner critics who have tasted it. Akin to its Saint-Emilion Grand Cru Classé “A” neighbour, Cheval Blanc (who released its 2020 over a month ago), Ausone maintained its policy of not sending samples to critics abroad this year. Tasting at the property in Bordeaux, James Lawther for JancisRobinson.com awards it 18+ points (up from 17.5 in 2019 and 2018), while Wine Lister CEO, Ella Lister, is also positive, noting that it is “perhaps the mascot for the vintage of gentle power”.
Across the Garonne, Les Carmes Haut-Brion followed suit at £79 per bottle, having once again received successful ratings from critics this year. Wine Lister partner critic, Antonio Galloni (Vinous) awards the 2020 95-97+ points, calling it, “dazzling, but also a wine of reserve and understatement”, while Ella notes “a velvety, decadent crescendo” on the palate. The estate’s impressive price-performance post-en primeur release saw Les Carmes Haut-Brion 2020 enter the market 24% and 30% below market prices of the 2019 and 2018 vintages respectively, and sold out within minutes.
Top Margaux properties Brane-Cantenac and d’Issan also entered the market on Tuesday, at £50 and £42.20 per bottle, respectively. Neal Martin (Vinous) awards the former its highest score ever received from the critic body (95-97), and calls it “an absolutely fantastic Brane-Cantenac, in my mind superior to the previous two vintages”. Ella was also impressed with the 2020 vintage, describing the nose as “profound and complex” and observing “supple, lithe, thoroughbred (racé) tannins”.
Awarding 17.5 points, James Lawther for JancisRobinson.com calls d’Issan 2020 a “Classic Issan but with more aromatic complexity and a tad more length”, while Antonio Galloni (Vinous) gives his highest score to the estate since 2015, noting that it is “shaping up to be a jewel of a wine’. The latest release marks a historical year for the property, with the addition of three new grape varieties to its blend in 2020 (which comprises 55% Cabernet Sauvignon, 39% Merlot, and for the first time 3% Cabernet Franc, 2% Petit Verdot, and 1% Malbec). The critics’ praise across the board in 2020 suggests that the additional varieties have indeed achieved Emmanuel’s goal of “creating more complexity”.
Released yesterday (Wednesday 16th June) at £134.50 per bottle, Pichon Comtesse 2020 was awarded 96-98 points from Neal Martin (Vinous), who describes “a magnificent, cerebral Pichon-Lalande”. Ella is similarly optimistic about the latest vintage, noting “energetic fruits that span the colour palette from black to red.” Pichon Comtesse’s successful 2019 vintage has seen its price increase by over 50% since its release last year, which should encourage interest in the 2020.
Popular Pauillac powerhouse Lynch-Bages also entered the market yesterday, and merchants have been offering the wine for just under £87 per bottle. Tasting in Bordeaux, Ella found it to be “monumental as it first hits your nostrils” with a palate that “ boasts focussed, tart, crunchy red fruit, with a subtle toastiness on the finish”. The estate’s strong brand strength and loyal following, particularly on the UK market, will likely help the 2020 find buyers, not to mention that 2020 is the first vintage made in the property’s long-awaited new cellar.
Also released during this period are: Malescot Saint-Exupéry, Nénin, Réserve de la Comtesse, Pibran, Echo de Lynch-Bages, Blanc de Lynch-Bages, Trotte Vieille, Chapelle d’Ausone, and Blason d’Issan
Following the entry of Rauzan-Ségla 2020 onto the market on Thursday (10th June), yesterday (Monday 14th June) saw releases from two more top Margaux properties: Durfort-Vivens and Giscours.
“The texture is to-die-for” – Wine Lister CEO, Ella Lister, on Rauzan-Ségla’s (pictured above) 2020 vintage
Preceding the arrival of the first release from a First Growth on Friday (recap here), Rauzan-Ségla released its latest vintage at £66.50 per bottle. Wine Lister partner critics, Neal Martin and Antonio Galloni (for Vinous), both award the 2020 95-97 points, with the latter calling it “a super-classic Rauzan-Ségla that will delight readers in search of restrained elegance”. Tasting alongside Nicolas Audebert at the property, Wine Lister CEO, Ella Lister is also complimentary, noting “the texture is to-die-for: not too smooth and not too coarse, with a real bite to it, a savouriness”.
Neighbouring estate, Durfort-Vivens kicked off this week’s releases, having received praise across Wine Lister’s partner critics in 2020. James Lawther for JancisRobinson.com awards it the best score received by the critic outfit since the 2015 (17.5), noting a “Mouth-watering, saline finish”, while Ella describes distinctly floral notes, including “violets, freesias, and lilies”, with a “beguiling, lithe” palate. At £44 per bottle, Durfort-Vivens 2020 enters the market 50% below the 2018 (whose price has risen significantly since release due to strong scores and tiny production levels). While the latest release is not as small a crop (if smaller than usual), the quality nearly matching 2018 combined with the estate’s future potential should gain appeal from buyers.
Giscours 2020 also released yesterday at £41 per bottle. James Lawther for JancisRobinson.com gives the wine 16.5+ points, noting “Supple texture, good persistence and freshness all the way through”. Ella describes its “bouquet of concentrated bilberry fruit and old velvet cushions” on the nose, and a “classy, structured frame… on the palate”. Offering similar quality to the now physical 2018, which has seen price growth of nearly 25% since its release, this is a promising pick for fans of the property.
Wine Lister has now released Part II of its annual Bordeaux Study, exploring which wines have seen the greatest step up in quality in 2020, and evaluating the leading Bordeaux bottles for long-term price performance and presence at auction. Check out the Study Digest for some key findings here, or purchase the full report on our Analysis page. Pro subscribers can access their free copy here.
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:
The Bordeaux 2020 en primeur campaign has shifted up another gear this week, with a flurry of releases from both banks entering the market. Below we examine some of the highlights, including several wines who receive some of their highest critics scores in 2020.
Grand-Puy-Lacoste‘s new mixed-format case, which includes one double magnum, two magnums, and four standard bottles of the 2020 vintage – equivalent to 12 bottles in total.
Kicking off the week, Claire Villars Lurton’s Haut-Bages Libéral 2020 was released on Monday (7th June) at £25.92 per bottle – a significant 23% under the average market prices of the 2018 and the high-scoring 2016. Receiving its joint-highest score from Wine Lister partner critic outfit, JancisRobinson.com in 2020 (shared with 2015), Haut-Bages Libéral gains 17 points from James Lawther who notes that the “property continues to improve”.
Sister property Ferrière also entered the market on Monday at £26.42 per bottle, having similarly shown a step-up in quality in 2020. Wine Lister partner critic, Antonio Galloni (Vinous) awards it 94-96 points this year – its highest-ever score from the critic – noting that “Readers will find a wine of tremendous gravitas”.
Released on Tuesday (8th June) at £34.35 per bottle, Cantenac-Brown likewise receives its highest score ever given by Antonio Galloni in 2020 (94-97), who describes it as “shaping up to be one of the wines of the vintage”. With exciting renovations underway for a new underground eco-cellar at the estate following its acquisition by agro-engineer, Tristan Le Lous, at the end of 2019, the estate shows promising potential.
Grand-Puy-Lacoste followed suit at an opening price of £50.60 per bottle, having similarly gained strong critic praise in 2020. Writing for Vinous, Neal Martin awards it 95-97 points, while Wine Lister CEO, Ella Lister (who tasted at the estate in April) describes a “Clean, pure, chiselled, classy” palate with “Fine-grained, sinewy tannins and generous fruit, delicately framed.” Pictured above, Grand-Puy-Lacoste‘s latest release also boasts a new mixed-format case designed by co-owner Emmeline Borie’s little brother, Pierre-Antoine.
Entering the market yesterday (Wednesday 9th June) at £38.40 per bottle, Saint-Pierre was praised by Ella as offering “A vibrant, confident bouquet, with smoky, stony, spicy notes”, on the nose, and “a very attractive, potent palate, full of black fruit, black liquorice, and cardamom spice”. Having shown consistently strong critics scores over recent years, this under-the-radar fourth growth merits backing in 2020. Sibling property, Gloria, also released its 2020 (at £26.40 per bottle) and presents great value within the Saint-Julien appellation.
Two further releases with great potential also come out this week. La Gaffelière 2020 gains the estate’s highest score ever from Neal Martin for Vinous (96-98), who calls it “a magnificent prospect”. Ella notes that the latest release has a “Captivating nose, elegant and inviting”, and a palate with “Stunning freshness [and] poise”. The property’s upward quality trajectory and increasing interest from the trade should see good demand for the 2020, which enters the market at £48 per bottle.
Finally, the newest jewel in the Cazes family crown, Haut-Batailley, released its 2020 vintage yesterday at £39.76 per bottle. Described by Ella as showing “rich opulent fruit [and] floral freshness” with a “toasty and expressive” finish, the latest release may see increased demand as a result of its recent acquisition by the popular new owners.
Also released during this period: Phélan Ségur, Fieuzal, Fieuzal Blanc, Ducru-Beaucaillou La Croix, Clerc-Milon, La Violette, Le Gay, Palmer Alter Ego, and de Camensac.