4th February, 2013 by Patrick Schmitt
6. Château Pétrus
Rank in 2011: 6
Total score: 168
Liv-ex trade: 2.11%
Critics’ score: 96.1
Average price: £18,629 (9l case)
Price change: -9.43%
Production: 3,000 cases
Weighted production: £55,886,400
Declared “the king” of wine investment by Anthony Hanson MW last year, Pétrus is not just one of the world’s most famous fine wine brands, but also a remarkably resilient one.
Although the high-priced label has seen some slide in prices, relative to its left bank competition, the first growths, it has performed well throughout the difficult 2012.
“It has yielded an average annual return of 14% all the way through bull and bear markets – it is incredibly dependable as a château,” says Hanson, referring to the prices fetched for Pétrus at auction over the last decade.
He adds that Pétrus has produced “so many great vintages from ’89 onwards,” and praised the property for creating wines of “purity and richness, and they are never dominated by new oak.”
“It is not modern winemaking technology that is driving that wine, which is why I believe it has been so dependable,” he concludes.
Liv-ex analysis later confirmed his suggestion Pétrus is a dependable investment brand.
“Looking at the CAGR (compound average annual return), recent Petrus vintages are averaging a 13.4% return, almost matching the 14% noted by Anthony Hanson MW,” Liv-ex noted.
A few facts:
- The vineyard of Pétrus covers 11.4 hectares in the eastern portion of Pomerol and is planted to 95% Merlot and 5% Cabernet Franc.
- The estate belongs to the Moueix family.
- There is no château on the estate, but two-storey country house.
- Christian Moueix is reputed to have said, “Pétrus doesn’t deserve the name château. It’s just an old farmhouse.”