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Friday 22 August 2014

Bordeaux prices move on Parker scores

5th March, 2013 by Rupert Millar

The prices of some 2010 Bordeaux have seen a slight increase since the release of Robert Parker’s scores – in particular 100-point winners such as Pontet-Canet.

A horse ploughs the vineyard at Pontet-Canet

One of Pontet-Canet’s horses in the estate’s vineyards

Liv-ex reported that Pontet-Canet has been the main beneficiary of the renewed interest. The price shot up to £1,600 a case over the weekend having traded for £1,300 before Christmas.

This price level is “new territory” for the estate said Liv-ex and the fact that it represents good value for money will make it more attractive to investors.

Another 100-point wine, Pape Clement, is also said to be “finding buyers”, and is currently trading for around £1,400 a case.

As the drinks business reported before the points were revealed, Pichon-Baron was hotly tipped to join the 100-point club.

However, two Right Bank estates, Le Dome and La Violette, overtook the Pauillac to scoop the top honours.

Before this was revealed it saw a flutter of interest, rising from £1,576 a case to £1,845.

That price has sunk back down on the back of the disappointing news.

The two “garagistes” that did gain 100-points on the other hand have yet to show any significant signs of movement, their small size meaning very little comes through the index at any rate.

Currently, Le Dome has an average price of £1,153 a case on the index and La Violette £1,772.

 

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