Recent trading activity
Piedmont was in the spotlight this weekend, accounting for 19.9% of total trade value. Highlights from the region included Giuseppe Rinaldi Barolo Brunate 2013 and 2016, along with Giacomo Conterno Barolo Monfortino Riserva 2013.
Meanwhile, from Bordeaux’s Left Bank, Vieux Chateau Certan 2006 traded at an all-time high on Monday or £2,151 per 12×75, up 165% on its release price of £810 per case.
Chateau Haut-Brion 2004 also traded at a high of £4,038 per 12×75, an 325% increase on its release (£950 per case).
Les Forts de Latour 2017 pricing analysis
Les Forts de Latour 2017 is due to be released this morning in the UK.
The wine was scored 92 points by Neal Martin (Vinous). In his tasting note he said that it ‘conveys airiness on the nose, reflecting the relatively lightest vintage in recent years’ and that ‘the palate is very well-balanced and will appeal to those seeking a sleeker, lighter style of Pauillac’.
The chart above shows how the wine would sit relative to others in the market if it were released at £1,700 per 12×75 – the same as the 2014’s release price.
As always, pricing will be crucial to the success of the release. The 2017 vintage wasn’t considered as good as its 2015 and 2016 predessaors. In his in-bottle tasting report, Neal Martin noted that like 2012 and 2014, he ‘would place the 2017s within this “close but no cigar” category’.
However, Martin awarded both the 2014 and 2012 Forts Latour vintages higher scores than today’s release. As such, the 2017 release would need to be below the price of the higher-scoring 2012 (£1,680 per 12×75) in order for it to be successful.
Furthermore, if the wine were to be released for more than £1,740 per case, then the 2014 and 2015 vintages will look more attractice – both wines are available at £1,740 and £1,790 respectively.
*All Latour scores shown are the most recent Neal Martin Vinous scores, with the exception of the 2007 vintage, for which there was none available. For 2007, Neal Maritn’s Wine Advocate scores were used. No score was available for the 2013 vintage.
There are currently over 220 LIVE Forts Latour 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 620 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.