The 2016 vintage of Californian wine, Promontory, was released through La Place de Bordeaux earlier this month; backed by a flurry of 100-point scores.
The wine was released at £8,040 per dozen (£2,010 3×75). It has a current Market Price of £7,952 and last traded at £1,883 per three.
An off-shoot of Harlan Estate in Napa Valley, the 2016 has been one of Promontory’s best rated vintages to date (its first release was the 2009 vintage).
The wine has received 100-points from Lisa Perrotti-Brown MW twice (first at the Wine Advocate and more recently at The Wine Independent), James Suckling and Jeb Dunnuck, along with 99-points from Antonio Galloni (Vinous).
Perrotti-Brown noted in her most recent score that she thought the wine was ‘starting to shut down’ and would need ‘a good four to five more years’ in the cellar before it was ready to drink.
In the wake of its release, the 2016 has been the top-traded vintage of Promontory so far this month. Looking at back vintages, there appears to be value in the 2013, which has a score of 99-points from the Wine Advocate and a current Market Price of £6,126.
Californian trade has been robust so far this quarter. Promontory has seen seven vintages trade so far this year, compared with five in the whole of 2021.
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Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 560+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.