As ripe, healthy grapes are being picked across Bordeaux, winemakers are anything but shy about the potential of the 2018 vintage. “2015 and 2016 are five-star vintages, but 2009 and 2010 are five-star plus,” said Olivier Bernard, president of the Union des Grands Crus Classés de Bordeaux. At his own property in Pessac-Léognan, Domaine de Chevalier, “2018 has 2009-2010 potential,” he declared on Wednesday morning, just as the red harvest was beginning.
Bernard is not the only Bordeaux producer daring to hope that the region has another great vintage on its way into the cellars. Part of the Wine Lister team is just back from four days in Bordeaux, where we visited châteaux on right bank and left, from Saint-Estèphe in the very north to Pessac-Léognan south of the city. We tasted lots of berries, spoke to oenologists, and even picked some grapes.
Members of the picking team at Petrus during the 2018 harvest
Producers’ smiles were big, and all the signs were promising, but after such a rollercoaster growing season, can 2018 really match up to the historic pair of 2009 and 2010? I asked straight-talking winemaking consultant Stéphane Derenoncourt if this comparison was justified. “More 2010,” he confirmed, adding, “There are going to be some delicious wines.”
Spring in Bordeaux was interminably wet, and mildew a serious threat throughout the region. “We thought there might not be a harvest at all,” recalls Nicolas Audebert, Managing Director of Châteaux Canon and Rauzan-Ségla. “It rained non-stop, and with high humidity and the high temperatures in June, it was almost tropical,” he said. Some members of Audebert’s team had never seen mildew so rife in 40 years of working the vines in Bordeaux.
Many top producers were affected, especially those practising organic or biodynamic viticulture and therefore unable to treat the vines systematically to protect from the fungus. In Saint-Estèphe, at the top of the Gironde Estuary nearest the Atlantic Ocean, Lafon-Rochet, organic since 2010 (though uncertified), abandoned the practice this year, and for good, in order to fight the rain.
However, mildew “is primarily a problem for quantity, rather than quality,” explained Axel Marchal, consultant and researcher at Bordeaux University, because the affected grapes are easily removed and discarded. “Badly hit vines can see a slight quality impact too, if the stress caused to the plant is enough to delay maturity,” he clarified.
At Canon in Saint-Emilion, quantity lost to mildew was recouped by less green harvesting later in the season. Its larger Margaux sister property, Rauzan-Ségla, was not so lucky, and yields will be lower than average. The two properties are organic (again not certified), allowing them to treat the vines when “really necessary”. However, many strictly organic or biodynamic estates will produce much smaller quantities of wine this year, meaning yields will be very varied from château to château, ranging from around 15 hl/ha to 50 hl/ha or more.
Grapes ripe for picking at Petrus
Potential quantity started off high, with the rain acting as “a signal for the plant to produce lots of fruit,” explained Bernard. The incessant spring downpours had another positive effect: they left the ground full of water, helping the vines to withstand the hot, dry summer that unfolded from 20th June onwards. “Looking at our vines, it’s hard to believe it’s been one of the driest summers in 50 years,” marvelled Bernard.
Audebert thinks the 2018 Canon will be soft and rounded, but livelier than 2005 or 2009, with phenolic potential above that of the 2010 (which of course is renowned for its intense colour and high levels of ripe tannin). When I asked if it could be as good as 2010, my question was met with silence and a roguish smile.
La Mission Haut-Brion Rouge 2017 released at €240 ex-négociant (29% down on 2016), which will likely result in a UK release price of c.£247 (c.25% down on 2016), and a lower Quality score: 949 (vs 981).
You can download the slide here: Wine Lister Factsheet La Mission Haut-Brion Rouge 2017
Haut-Brion Rouge 2017 released at €348 ex-négociant (17% down on 2016), which will likely result in a UK release price of c.£358 (c.14% down on 2016) and a lower Quality score: 945 (vs 991).
You can download the slide here: Wine Lister Factsheet Haut-Brion Rouge 2017
Haut-Bailly 2017 released at €72 ex-négociant (14% down on 2016), with a UK release price of £74 (11% down on 2016), and a lower Quality score: 921 (vs 964).
You can download the slide here: Wine Lister Factsheet Haut-Bailly 2017
Smith Haut Lafitte Rouge 2017 released at €67.20 ex-négociant (13% down on 2016), with a UK release price of £68.69 (12% down on 2016), and a lower Quality score: 937 (vs 959).
You can download the slide here: Wine Lister Factsheet Smith-Haut-Lafitte Rouge 2017
Les Carmes Haut-Brion 2017 released at €54 ex-négociant (4% down on 2016), with a UK release price of £56 (flat on 2016), and an almost identical Quality score: 931 (vs 934).
You can download the slide here: Wine Lister Factsheet Les Carmes Haut-Brion 2017
Domaine de Chevalier Rouge 2017 released at €42 ex-négociant (20% down on 2016), with a UK RRP of £43.20 (also 20% down on 2016). Its Quality score was down 10% on 2016 (859 vs 951).
You can download the slide here: Wine Lister Factsheet Domaine de Chevalier Rouge 2017
Pape Clément Rouge released at €61.20 ex-négociant, (7% down on 2016), with a UK RRP of £63.24 (9% down on 2016), and a lower Quality score: 868 (vs 926).
You can download the slide here: Wine Lister Factsheet Pape Clément 2017.
“Buzz Brands” is one of the four Wine Lister Indicators developed to help our users identify wines for different scenarios. A Buzz Brand is a wine with strong distribution in the world’s top restaurants, enjoying high levels of online search frequency or demonstrating a recent growth in popularity, and identified by the fine wine trade as trending or especially prestigious. As such, you wouldn’t expect them to come cheap, and the five most expensive dry whites definitely don’t, costing around £2,000 on average.
Perhaps unsurprisingly given the miniscule production of its top wines, Burgundy fills four of the five spots (and two of these are from Coche-Dury). DRC Montrachet is the world’s second-most expensive dry white – behind Leflaive’s Montrachet which fails to achieve Buzz Brand status. It achieves the best Quality score of this week’s top five (976), just pipping Coche-Dury’s Corton-Charlemagne to the post (971). It also enjoys the highest Brand score of the group – or any dry white for that matter (960) – the result of appearing in considerably more of the word’s top restaurants than Coche-Dury’s Corton-Charlemagne, which comes second in that criterion (26% vs 19%), and also being nearly 50% more popular than any of the rest of the five.
Whilst Coche-Dury’s Corton-Charlemagne has to settle for second place in the Quality and Brand categories, it not only manages the group’s top Economics score (991), but also the highest of any dry white on Wine Lister. This is thanks to formidable price growth. It has recorded a three-year compound annual growth rate (CAGR) of 25%, and has added 14% to its price over the last six months alone.
It is to be expected that wines from two of Burgundy’s most hallowed grand cru vineyards command the group’s highest prices, but it might come as more of a surprise that two Meursaults from the premier cru Perrières vineyard feature. With over £1,000 separating the considerably more expensive offering from Coche-Dury and Roulot’s expression, it becomes clear that Brand score is a significant driver of price at this rarefied end of the scale, particularly within Burgundy.
Proving that expensive Buzz Brands are not only to be found in Burgundy, Haut-Brion Blanc makes an appearance in the top five. Whilst it is the most liquid of the group – its top five traded vintages have traded 49% more bottles than any other wine in the five – it has experienced by far the lowest growth rates, with a three-year CAGR of 9% compared to the Burgundy quartet’s remarkable average of 22%.
We recently prepared a brief vintage overview for the Institute of Masters of Wine’s 2013 Claret tasting. Analysing the performance of the basket of wines included in the tasting, Wine Lister’s holistic and dynamic approach allows us to not only see which appellations produced the vintage’s best wines, but also demonstrates if and how the market has since reacted to each appellation’s relative quality.
You can download these slides here: Wine Lister Bordeaux 2013 vintage overview
Watch this space for further regional vintage reports over the coming months.