4th February, 2013 by Patrick Schmitt
2. Château Pontet-Canet
Rank in 2011: 9
Total score: 143
Liv-ex trade: 2.99%
Critics’ score: 96.31
Average price: £941 (9l case)
Price change: 7.37%
Production: 21,000 cases
Weighted production: £19,765,200
The position of Pontet-Canet as the world’s second most powerful fine wine brand is a highly impressive achievement for the fifth-growth château.
And Justin Gibbs, director at Liv-ex believes that it still hasn’t reached its performance peak.
“It looks extraordinary up there at number two, but worthy, and what stands out is that it remains possibly undervalued,” he comments.
Continuing he says, “It’s the cheapest wine in the top 25, and the third best ranking in Bordeaux – it’s only outscored by Ausone and Lafite – and yet it’s 84th in terms of price.”
Adding to the praise for this property, Jack Hibberd from Liv-ex says: “It’s the superbrand that every wine collector has in their cellar and there isn’t a wine writer in the world that doesn’t think Pontet-Canet is good.”
It’s also part of a trend which began to emerge last year – as the firsts and their second labels began to lose lustre, the so-called super seconds and flying fifths have picked up.
In particular, it’s Parker’s Magical 20 which have hogged the limelight (a list of labels on which Pontet-Canet features). These are wines featured by the famous critic at late 2011’s Wine Future conference in Hong Kong, and described as making wine of “first growth quality”.
Summing up Pontet-Canet impressive performance, the fine wine trading platform points out that its share of trade on Liv-ex has risen from 0.6% in 2009 to 2.99% in 2012 and its average score from 94.10 to 96.31 over the same period. During this time it has seen its average price increase from £471 per case to £941 – yet it is still the most inexpensive wine not just in the top 10, but top 25 most powerful fine wine brands.
A few facts:
- Pontet Canet is a fifth-growth château in Pauillac.
- In 1975, Herman Cruse sold Ponet-Canet to Cognac merchant Guy Tesseron, owner of Château Lafon-Rochet in Saint-Estèphe.
- Today it is run by Alfred Tesseron with his niece Melanie Tesseron.
- Like Domaine de la Romanée-Conti, Pontet Canet is farmed biodynamically.