Latour 2008 and Forts Latour 2013 released ex-Chateau

Latour 2008

Two anticipated ex-Chateau releases from Latour were announced this morning. Latour 2008 is being offered at £5,100 per 12×75 by UK merchants, representing an 11% premium to the current price of the wine already available in the secondary market.

At this price, the vintage sits at a similar level to other off-vintages with the same score such as the 2001, 2004 and the 2006. When tasting Latour 2008, Parker called it an “extraordinary wine” and praised its “beautiful purity and graciousness”. Last month, Neal Martin re-tasted the wine for Vinous, awarding it 96 points. He said it was “an authorative Latour as usual, one now beginning to enter its stride”.

As our regression analysis (based on Wine Advocate scores) demonstrates below, today’s Latour 2008 release is positioned slightly above its implied fair value. However, buyers have historically been inclined to pay a premium for ex-Chateau stock due to provenance and quality considerations, a topic we explored in more detail last week. Time will tell whether investors will ultimately find value in today’s release.

Forts Latour 2013

The Second Wine of Latour, Forts Latour 2013, was also released today at £1,650 per 12×75. This is the first offering of this wine on the market. As the chart below shows, its price positions it below all other vintages which are currently available.

The wine received a barrel range of 87-88 points by Parker, who recommended a drinking window of 5-6 years back in 2014. James Suckling, who also scored the wine (92 points), agreed on its ageing potential, and described it as “tannic and savoury”, with “bright acidity”.