Figeac follows trend, dropping 2019 price by 31%
St-Emilion Premier Grand Cru Classé B estate, Château Figeac, has followed the lead of Mouton and Cheval Blanc in dropping its 2019 release price by 31%.
As reported by Liv-ex, the estate released its 2019 vintage this morning at €120 per bottle ex-négociant, a dip of 31% on the 2018 release price of €174. The wine is being offered by the international trade at £1,512 per case – a 30.4% drop on the 2018 opening case price of £2,172.
“Today’s release comes to the market at a similar release price to 2017, but it receives much higher critical praise.
“Buyers looking for additional value may look towards the 2014 vintage, at 95 points from Neal Martin, it is offered at a 35% discount to the 2019,” Liv-ex said.
The Wine Advocate’s Lisa Perrotti-Brown MW awarded Figeac 2019, which has an ABV of 14.1%, a 98-100 point score. American critic James Suckling gave it 98-99 points, describing it as “structured and linear with very fine tannins”.
According to Wine Lister, “Figeac is on an impressive upward quality trajectory. With this in mind, and offering the healthiest discount of any release this morning, this is an absolute buy”.
Also out of the blocks today was Pape Clement 2019, which was released at €57.6 per bottle ex-negociant, down 12.3% on the 2018 release price of €66.
Liv-ex reports that the wine from the Graves Cru Classé estate is being offered by the trade for £725 per case – a drop of 8.9% on the 2018 case release price of £795.
Suckling gave Pape Clement 2019 a 96-97 point score, praising its “excellent length”. Jeb Dunnock is also a fan of the wine, giving it a 96-99 point score.
“Today’s release would need a score of 94+ in order to represent ‘Fair Value’. Any higher, and the wine would sit well below the regression line,” Liv-ex said.
“Buyers looking for physical vintages might wish to consider the 2015, available at 10.3% discount to the 2019, or the 2012 at the same price point,” it added.
Pape Clement Blanc 2019 was also released today at €88.8 per bottle ex-negociant, down 9.6% on the 2018 release price of €98.40.
Completing today’s hat-trick is Pomerol estate La Conseillante, which released its 2019 at €120 per bottle ex-negociant, down 25.9% on the 2018 opening price of €162.
As reported by Liv-ex the wine is being offered by the trade at £1,512 per case, a drop of 25.1% on the 2018 case release price of £2,019.
Jeff Leve gave La Conseillante 2019 a 98-100 points score. “This is in serious contention for one of the wines of the vintage,” he said, while Suckling described it as “a very fine, ethereal wine, offering blueberries, white truffles and violets”. He gave it 97-98 points.
Wine Lister’s CEO, Ella Lister, described the wine as, “vibrant, with a playful bouquet of spice, tobacco, and pure dark fruit”.
According to Wine Lister, “This latest release is worth the 8% premium, given that the 2019 continues the property’s style evolution, and still provides value relative to other Pomerols of similar quality”.
Figeac 2019 per bottle release price: €120, down 31% on 2018
Pape Clement 2019 per bottle release price: €57.6, down 12.3% on 2018
Pape Clement Blanc 2019 per bottle release price: €88.8, down 9.6% on 2018
La Conseillante 2019 per bottle release price: €120, down 25.9% on 2018