On January 6th Chateau Pontet Canet released a tranche of its 2006 vintage at €95 ex-Bordeaux, or £850 per 12×75. Since this release, increased activity and interest for the wine has been observed: it is the most searched for label so far in January, and it featured in Friday 8th January’s Talking Trade amongst the most traded wines (by volume) over the previous seven days.
As the chart above shows, prices have also been on the rise: before the release, it traded for £521 per 12×75. On January 7th it reached £590, an increase of 13.2%. However, no trades have come close to the recent release price of £850 since the peak of the market in 2011 (Pontet Canet 2006’s highest ever trade price on the Exchange was £848 in August 2011). The recent high of £590 is 30% off this peak.
Robert Parker called the wine “enormously endowed, modern day classic (…) a legend in the making” and awarded it 95+ points. He adds: “Enormous credit is due to proprietor Alfred Tesseron for turning things around at this estate in 1994, and continuing to produce first-growth level wines.”
You can view historic price data for Pontet Canet 2006 on Cellar Watch by clicking here.
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