20th February, 2014 by Lucy Shaw
The recently released 2010 vintage of Rhône producer Guigal’s “La Las” has sparked a flurry of trading activity on the Liv-ex fine wine exchange.
As reported on the Liv-ex blog, in December each of the three single vineyard “La Las” – La Landonne, La Mouline and La Turque – were given a potential 100-point score by The Wine Advocate’s Rhône critic Jeb Dunnuck, mirroring the scores of the 2009s.
Though with a current trading price of £3,100 per case, the 2010 La Las are nearly 20% cheaper than the 2009s and the 2005s, which also received 100 points.
Liv-ex reports that the 2010s potential perfect score coupled with their relative affordability has pricked up investors’ ears, with trade for the three this month boosting the Rhône’s share of trade on the Liv-ex exchange to five times its monthly average.
The Rhône’s performance on Liv-ex dipped last year, down 2.8%. It is currently the weakest performing of the non-Bordeaux sub-indices on the newly formed Liv-ex Fine Wine 1000 index, but is still outperforming Bordeaux itself.
The Fine Wine 1000 is split into sub-indices that monitor two Bordeaux groups (the Bordeaux 500 and Bordeaux Legends 50), Burgundy, Champagne, the Rhône, Italy and the “Rest of the World”, which includes wines from the US, Australia, Spain and Portugal.
Earlier this month db reported that Italian wines on the Liv-ex 1000 bucked the general downward trend in January and saw the second highest level of trading.
Dominus and Opus one form California meanwhile, are proving key market drivers on the index, with Dominus 2005 the fourth best performing label over the last two years, rising 48.8% in value from £660 a case to £982, while 2007 Opus One went up by 39.2% to £2,200 a case.
Click here for a video of Brett Crittendon, brand ambassador for Guigal, talking about each of the La Las.