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Talking Trade: 12th – 18th February

By February 19, 2016Fine Wine Market, Talking trade

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After two slow weeks for the region, Bordeaux’s trade share increased to levels seen in January – but activity was not boosted by the First Growths which accounted for just 12.5% by value. Instead, Montrose 2005 and Cheval Blanc 2006 were traded in large quantities.

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Trade for the ‘others’ category reached a high 11.3% boosted by activity for 97+ point Screaming Eagle 2013, which Robert Parker has compared to the 100-point 2010 vintage. He calls it “another terrific example of this iconic estate”. Mouton Rothschild 2003 was the only First Growth to appear in the tables this week.

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Pape Clement 2012 –  the cheapest of Parker’s top five reds from Bordeaux 2012 – found the bid this week. Its price soared after the critic upgraded it in April 2015 from 92-95 in barrel to 97 in bottle. It has continued to make gains, last trading for £550 per 12×75. This is 37.5% higher than its trade price of £400 before the report was released.

Jancis Robinson also offered a positive review of the wine after a blind tasting at Southwold this January. She called it “exceptionally appetising and interesting with lots of tannin and fruit for the future”, and scored it 17.5/20.

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