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Wednesday 24 September 2014

Parker scores begin to move 2011s

22nd May, 2014 by Rupert Millar

The Bordeaux 2011s have received a boost since Robert Parker’s in-bottle scores, with trades in the vintage almost up to almost 20% of Bordeaux trading activity on Liv-ex this month.

Chateau Palmer

Chateau Palmer

Parker released his scores at the beginning of the month and while he described it as “inconsistent”, he also said it was a drinking vintage with “immediate appeal”.

The Right Bank performed the best with two small Saint Emilion estates as well as Palmer and Pape Clement receiving the top marks of 96 points.

Liv-ex noted on its blog that in the run up to the in-bottle scores, the vintage accounted for 3% of Bordeaux trade in March, 10% in April and is now up to 17% with May drawing to a close.

Funnily enough, of the 20 most traded 2011s on Liv-ex, the majority are Left Bank, although high-scoring Right Bank, Pavie, has accounted for 25% of that total.

As Liv-ex noted however: “For over half of the traded wines above the 2011 is the cheapest physical vintage, suggesting that they are not being picked for score alone.

“The three 2011s with the biggest discount to the next vintage are also, incidentally, wines that have not even been scored in bottle by Parker. At the other end of the chart are 2011s that are not the cheapest on the market but which received high in-bottle scores from Parker, typically over 93.”

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