Close Menu

Shakeshaft warns against Tignanello

Observations by Liv-ex that recent Tignanello vintages may be undervalued relative to older examples have been refuted by Peter Shakeshaft, founder of wine investment company, Vin-X.

In its November Cellar Watch Market report, Liv-ex pointed to how Tignanello was a major market mover in October, when its 2011 vintage gained 13% and its 2009 claimed 4.2% of Italys trade share.

But Shakeshaft is unconvinced. “My view is that some of the vintages are over-valued against historical performance,” he told the drinks business.

“The under-value that Liv-ex mentions is, in fact, normal value. I believe the value of a case is too small to hold as an investable asset.”

Liv-ex also highlighted how the most recent vintages of Tignanello are among the most highly scored, yet are still lagging behind the older vintages as far as price is concerned.

Liv-ex reasoned: “The 2007 has a score of 95 from Antonio Galloni and a market price of £750 per case. The 2011 and 2012, the cheapest Tignanello vintages on the market, are also scored 95 but are available at £530 and £500 respectively: discounts of around 30%.

“These recent vintages may therefore look favourable to buyers – while they are still available.”

It looks like you're in Asia, would you like to be redirected to the Drinks Business Asia edition?

Yes, take me to the Asia edition No