Seña and Penfolds Grange head up this week’s La Place releases
The second full week of the Hors Bordeaux campaign has hit its stride, with the release of Seña, from Chile’s Aconcagua Valley, the 2021 vintage of Australia’s top traded wine, Penfolds Grange.
The 2023 vintage of Seña hit the market yesterday (8 September), released at €68 per bottle, or around £720 per case of 12, which Liv-ex noted marked a 36% reduction on last year’s opening price.
Meanwhile Penfold’s Grange, 2021 has also be released at €360 per bottle ex-negociant, or £4,584 per case of 12 ex-London. This puts the 2021 vintage at the top end of the recent Grange release, Liv-ex noted, even though it does mark an almost 10% decrease (9.7%) on last year’s opening price of €395, a move made to reflect market conditions. This said, the new release is priced at around £1,384 more than the similarly scored 2014 vintage.
Interestingly, Liv-ex data notes that the vast majority is sold to US buyers (around 67%), compared to the more modest sale in Europe (19.1%) and the UK (12.4%) with Asian sales amounting to only 1.6%.
Other recent releases include Solaia 2022 at €230 per bottle ex-negociant, or £3,300 per case of 12 out of London. This marks the same price as last year’s release of the 2021 vintage, which has since fallen 26%, Liv-ex said. So far, the 2022 is the third most expensive vintage on the market, behind the “exceptional” 2015 and 2016 vintages.
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Friday saw the release of the 2023 vintage of Galatrona from Tuscany (€59 per bottle), and Y d’Yquem 2023, the dry white wine from the legendary Château. Rieussec, the Sauternes vineyard owned by Domaines Barons de Rothschild Lafite (which lies adjacent to d’Yquem), was also released at €60 per bottle, or £732 per case of 12.
As db has previously reported, this year’s campaign has taken on a slightly more structured format, with the historic releases – those wines that have been on La Place for the longest – followed by a more region-by-region focussed release.
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