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Opportunities in Léoville-Poyferré back vintages

Recent trading activity

Recently released vintages have been in the spotlight this week. The 2018 led trade, accounting for 30.7% of the total (by value). Most of the 2018s traded were Bordeaux wines (77%).

By comparison, the second-most traded vintage, the 2019 (10.7%), largely revolved around Burgundian (42.2%) and Californian (21.5%) wines.

Demand for Burgundy has increased as the week has progressed, accounting for 16.9% of total trade value. Trade highlights included Domaine Armand Rousseau’s Charmes-Chambertin Grand Cru 2019 and Gevrey-Chambertin Premier Cru Les Cazetiers 2009.

Léoville-Poyferré 2005 trades at all-time high

As mentioned in yesterday’s update, Château Léoville-Poyferré has seen action recently, with trades for the 2008 and 2005 vintages. The 2005 traded on Monday at £1,050 per 12×75, an all-time high for the wine.

Year-to-date the 2012 is the best-performing vintage, up 20.5%. The 2010 and 2015 vintages are the next best, up 19.7% and 12.8% respectively.

*Prices shown are Liv-ex Mid-Prices.

As prices for this Second Growth continue to rise, today’s article looks at opportunities among its back vintages.

Léoville-Poyferré Market Prices are 92% correlated to Wine Advocate scores, as shown in the chart below.

Buyers looking for opportunities may want to consider the 2011 and 2017 vintages, which are currently available at discounts to the 2015 of 5% and 10.7% respectively, although they all share a score of 94-points (WA).

Depending on your critic of choice, the 2017 received 94+ points from Lisa Perrotti-Brown MW and the 2011 was awarded 94-points from Robert Parker.

For those wanting to spend a bit more, the 2016 vintage might be an option. It is currently available at a small discount to the 2018.

Perrotti-Brown awarded both vintages 97-points, although the 2016 received a ‘+’, indicating that it has ‘potential to improve over a period of time in bottle and may warrant a higher score in a subsequent/future tasting’.

See LIVE opportunities for Léoville-Poyferré on the exchange. 

Opportunities to buy Léoville-Poyferré wines  

In case you missed it

Here’s what we’ve been reading:

  • Wine-SearcherFine Wine Optimism Prepares for Reality Check
  • The Drinks Business – Hospices de Beaune announces one of its largest auctions ever
  • Liv-exThe fine wine market in Asia-Pacific (Extended Report)

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. 

Independent data, direct from the market.