Recent trading activity
Tuscany continued to enjoy strong demand and became the third most traded region this weekend after Bordeaux and Burgundy. Biondi-Santi Brunello di Montalcino Riserva 2015 led secondary market trade, followed by the Super Tuscans Sassicaia 2016 and 2010, and Solaia 2011.
Large-format Champagne bottles set new trading highs, including Dom Pérignon 2004 with a last trade of £4,570 per 1×600, and Louis Roederer Cristal’s 2006 (£5,991 per 1×600) and 2012 (£5,700 per 1×600).
Wines from regions with less active secondary markets, such as Beaujolais, Alsace, and the Loire, also found the bid this weekend.
Château Nénin on the move
The Pomerol property Château Nénin (part of Domaines Delon, which also owns Château Léoville Las Cases in Saint-Julien) has been enjoying increased secondary market activity. So far this year, trade for Nénin has been over four times higher than the whole of 2021.
2022 is shaping up to be the property’s best year on the market since 2015 – when Bordeaux trade was much higher than it is now. Today’s article explores which of Nénin’s vintages from 2005-2020 look good value at present.
On average, prices for Nénin have risen 22.9% since release, when looking across the last 16 physical vintages (2005-2020). Its wines still represent good value within Pomerol and this is drawing increased interest from the trade, as reflected in recent secondary market activity.
For examples, the 2014 Nénin is the most affordable over the last 16 years, with a current Market Price of £370 per 12×75. The wine is also one of Nénin’s top price performers, having risen 42.3% in value since release. It boasts 92-points from Neal Martin (Vinous), who described it as ‘a fine Pomerol that should offer 15 to 20 years of drinking pleasure’.
The 2012 vintage received the same score from Robert Parker (The Wine Advocate) but currently costs 18.4% more than the 2014. Its price has risen 34.8% since release. According to Parker the vintage, ‘may turn out to be the finest Pomerols Jean-Hubert Delon and his team have made to date as the 2012s are better than either the 2009s or 2010s’.
Buyers might find other opportunities in the 2019 and 2020 vintages, which are available below or around the price of 2009 and 2010 but have the highest critical scores awarded to the estate.
According to Neal Martin, the 2019 Nénin (93-points) is ‘a more elegant Nénin compared to previous vintages’ and ‘well worth seeking out’. The wine’s current Market Price of £546 per case is a 3.4% increase on its release.
Meanwhile, Martin described the 2020, which received a barrel range of 92-94 points, as ‘a serious Pomerol that deserves 5-7 years in the cellar, but has the substance to give 30 years of drinking pleasure’. The wine is also available below £600 per case.
There are currently over 650 LIVE Pomerol opportunities on your exchange.
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 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.