Several wines from outside of the Bordeaux 500 Index have also performed well.
The top riser is from the Left Bank – Carmes Haut Brion has gone up a dramatic 74.3% since release. The brand was the number one price performer in the Liv-ex Power 100 last year, despite not making the overall rankings.
Another brand on the move is Canon, which also appeared among the best price performers in last year’s Power 100. Its 2016 vintage is the second biggest riser from this group, as the table above demonstrates. It rose 68.7%.
Others that followed behind such as Armailhac, Alter Ego Palmer and Pavie Decesse have only gone up 5.1%, 3.2% and 2.7% respectively.
A number of wines that trade on Liv-ex and fall outside the Bordeaux 500 are still available in Bordeaux at their release price, as their stock failed to sell through. These wines include Pavie Macquin, described as one of the best from the Chateau “at this stage” by Neal Martin for the Wine Advocate, as well as Saint Pierre and Domaine Chevalier. Others were highlighted in last week’s post.
The UGC hosted a trade tasting of the 2016s in London yesterday. The room was full, and mood was one of great optimism for the quality of the vintage. Critics are expected to publish their in-bottle reviews over the next few months. Historically, any dramatic changes to the barrel score have an immediate impact on price, particularly to those wines with upgrades. Perhaps it is worth asking your merchant if they noted any dark horses in the stable?