Research Note: 2010 Lafite

by Wine Owners

Posted on 2019-02-11


If you’re looking to buy some Lafite, the 2010 vintage looks like reasonable value, given we are talking the brand that is Lafite. It achieves the highest WO score of 98 (extraordinarily high given our rather ‘mean’ methodology) and it comes from the vintage that is establishing itself as the pinnacle of the modern era, perhaps to be challenged by ’16 but that hasn’t been confirmed as yet.



If we brought the price down to the level we can actually offer at (£7,225 net per 12 as opposed to the chart price of £7,475), the Relative Value Score rises to above 6 – cheap for Lafite!



Focus on: Pichon Lalande 2010

by Wine Owners

Posted on 2019-02-05


Pichon Lalande 2010

WO Score: 94

Price: £1,300 per 12

Probably our most popular and current investment theme, derived from the outperformance generated by Burgundy in the last few years, is scarcity. This recommendation has not been generated as a result of scarcity, it comes from the old-fashioned premise that good old-fashioned merchants used to be famed for – this is bloody good stuff, it’s under-priced and it’s going up - trust us!



Looking at the chart below the relative value doesn’t appear out of kilter relative to its peer group but that is using a WO generated averaged score (of current ratings) of 94 points. Based on various tastings since the Wine Advocate et al rated this wine, members of the team here have consistently and with conviction rated this wine above its peer group and above its current critic scores. To be fair Mr. Parker, back in February ’13, allowed himself some room for improvement with a 95+. The WO team would apply the plus sign very happily.



For the sake of argument if we were to award the Pichon Lalande a score of 97 and run that number through the relative value equation, the score would be a far more enticing 30, almost as cheap as Leoville Barton – and Pichon Lalande is never as cheap as Leoville Barton!

On top of this, 2010 is becoming widely accepted as the greatest vintage of the modern era. The five first growths from 2010 currently average £7,500 per 12 and Pichon Lalande ‘82, possibly the greatest vintage the estate has produced until this one, is £7,800 per 12, so there seems plenty of room for upside!



Bordeaux 2007 dinner club - Part 1

by Wine Owners

Posted on 2017-10-09


The first of 3 dinners to taste through 61 red Bordeaux ‘Growths’ classified in 1855, the 2007 vintage had been kindly provided by 2 wine enthusiast brothers who were keen to share this extensive horizontal with fellow members.

The wines were cleverly organised into suitable flights to accompany each dinner course by Christopher Delalonde, resident Master Sommelier at The Don on St Swithins Lane, ensuring a peak was hit with the glorious venison main course, with further high spots to be enjoyed in the tail-end of supporting wines.

Christopher Delalonde

Given the less than enthusiastic press on the 2007 vintage, the wines showed a remarkable degree of consistency. 2007 was not a vintage to try to force, and the great successes at all levels of affordability and rank were those founded on balance and the natural aromatics of the vintage. Whilst bargains are far and few between, some of the lesser known Crus still represent good value for money. At the top end, the Firsts and most of the Seconds showed their class and the value of their top terroirs.

Cru Note

NM Score

Croizet Bages, Pauillac, 5th Fruit forward, spiced nose. Licorice leads the creamy attack, round supple mid palate. Fresh orange zest on the finish provides focus and suggests there's plenty of scope for near-term future development. Still young and promising. 92
Cos d'Estournel, St Estephe, 2nd Cool nose, spiced and generously perfumed. Savoury with with a saline element, and a texture reflecting fine, grainy tannins on the already resolved attack. Lifted, sappy, fruity mid palate and a finish that ends on a sweet crescendo. Delicious already, with plenty of future potential, and avoiding the overextraction of 2009/2010 vintages. 95
Prieuré Lichine, Margaux, 4th Cool, spiced nose with trademark Margaux perfume. Savoury attack and mid palate, with a blast of licorice. A little obvious and currently a disjointed finish. Mid weight, but this might just be a bit young and yet come together. 88
Pouget, Margaux, 5th First time I've ever tasted this Cru? That I can recall. Lovely, sappy nose: a sense of freshness and vitality. Fruity, rounded attack with the dry character of the fruit lending firmness. Mid weight mid palate, with an intriguing orange zest twist to the finish. Balanced and attractive. One to seek out at a bargain price as a household staple for Sunday lunch, given it's anonymity (and relative lack of buyer interest) in the market? 91
La Lagune, Haut Médoc, 3rd Perfumed nose betraying it's proximity to Margaux to the North and close to La Garonne. Energetic attack, meaty notes, and lightly spiced blend to create a strong appeal. Only a medium length finish lets it down, but still lots to like. 90+
Pedesclaux, Pauillac, 5th Pre the recent renaissance under Lorenzetti, who since 2009 bought 12 hectares next to Lafite and Mouton to enlarge and improve this forgotten Cru. It needed rescuing based on this showing: Licorice infused nose, slightly bright point of attack, nice density but with a bright acidity that isn't integrated and overall paraxodically shows as rather neutral. 86
Dauzac, Margaux, 5th Spiced nose, savoury and round. Rather dull and flat in character. Recalls the edgeless wine recipes made by producers for Naked Wine. Think Barry Manilow (unless you like Barry Manilow in which case think of someone else). 84
Chateau Batailley, Pauillac, 5th White pepper seasoned nose, griottes and cedar. Attractive cedary attack too with enough acidity to be mouthwatering. Firm, classic claret with enough cut to accompany the foie gras. Being picky, the mid palate came across as hollow on this showing. 88+
Desmirail, Margaux, 3rd Quite a neutral nose, on its reserve. Restrained. But the texture shows grainy tannins, offers an elegant intepretation of the appellation, and shows good persistence. The mid palate is dominated by its savoury character at present. Given it was part of the vast Rauzan estate in olden times (together with Rauzan Segla and Gassies), it probably should be offering more than is evident today. 88
Haut Brion, Pessac, 1st Liquor-like aromas intermingle with perfume on the nose. There's a stunning, illuminated attack with crystalline red fruit predominating. Superb energy driving into the long, long finish. Primary for now, this is not yet showing any of the unique Haut Brion Graves character one might expect, of charcoal, smoke and stoney minerality. It will come in time - give it 15+ years. Demonstrating once again how good Haut Brion is in off-years (or average years to give 2007 its dues). 96
La Tour Carnet, Haut-Medoc, 4th As ambitious as its master, Bernard-Magrez, this is a big wine. A liquory nose leads you in, where the palate is rich, with confit fruit leavened with cedar. Modern but nevertheless quite impressive, it offers value and should settle down with age into a gentler form with a little more refinement. Very recent vintages have pulled back are are a bit more restrained. 89
Pichon Baron, Pauillac, 2nd Very creamy nose, anis seeds adding aromatic complexity to the dominant oak influence. Huge cedary attack., sweet fruited mid palate, where the spice and licorice kicks in. Creamy oak influence evident here too. Impressive in its style, but I personally would have preferred more elegance for a Super Second. Yet it's young, needs time, and is an engaging wine for those who are attracted to its powerful form. 92+
Calon Ségur, St Estephe, 3rd Always a 'giving' Cru with a good dose of Merlot, the nose immediately shows off its fruit, which is shot through with graphite. Nice intensity to the attack, creamy yet balanced, with an underlying exuberance that's contained. Medium length to the finish which ends a little flat. The ending lets the whole down for now, but may well gain in energy and interest with age. 92+
D'Issan, Margaux, 3rd Another estate owned by Lorenzetti, who has been making improvements here for longer than at Pedesclaux. Fruity nose, with gamey notes and a trademark D'Issan salinity. There's a super energy to the mid-palate, fruity then savoury and with great progression. Super-fresh, bright acidity is well integrated into the fruit, and is unforced in its style though I'd prefer a touch more finesse. This should develop very well with time, and should make finer old bones. 92
Lafite, Pauillac 1st Creamy nose, black pepper, but very much on its reserve. Superb intensity and an aromatic, floral quality to the fruit. This is defined at this stage of its evolution by refined tannins, is very persistent on the palate and leads into a rich, confit lemon finish. Stunning but terribly young for now. Should be magnificant in 10-20 years. 96+
Beychevelle, St Julien, 4th White pepper nose, a fine attack and a round mid palate, nicely integrated but a bit simple overall. For the cash, one expects more. 88
Kirwan, Margaux, 3rd Perfumed nose, confit, sticky fruit on a rich attack leading to a thickly textured, disjointed mid-palate. I can't help feel it would be a lot more interesting if it followed the less interventionist approach of D'Issan. Disappointing. 88
Grand Puy Ducasse, Pauillac, 5th Perfumed nose, licorice notes, Firm attack, medium weight fruity mid palate with the right amount of freshness to lend lift and definition, and a citric thread driving the finish. Surprisingly good. Perhaps we're so used to the excellence and consistency of Grand Puy Lacoste we're overlooked a 'value' Growth here? 91
Leoville Barton, St Julien, 2nd Balanced, classy perfumed nose is a big step up. Very energetic attack leads to a mid palate showing real complexity, mixing savoury notes with licorice and creamy red fruits. Good length, lovely. 93+
Ducru Beaucaillou, St Julien, 2nd Cedar and saline nose with a dash of perfume that adds complexity. Smooth entry, svelte fruit on the palate, giving the impression overall of a very polished wine. It's quite possible this is less mute on the palate than was my impression, and that the reserved nature of the fruit augurs well for the future. Somewhat worse for wear by this end point, the note was correspondingly short! 92+


Lafite Rothschild’s 2016 tranches

by Wine Owners

Posted on 2017-05-23


Early afternoon 22nd May word spread that Lafite was out. A few calls were made. But where was the wine? Allocations were down 50% but with the promise of another allocation in a week’s time at a premium of between 30%-40%. No prices, no offers.

Then, more than one of the smaller négociants decided to pull the trigger on releasing the première tranche, but estimating the cost of the second tranche and pricing at the intersect of the two. Perhaps guessing they were unlikely to get any more and taking attractive profits on the first tranche.

In UK terms the averaged, intersect price is £480 a bottle, which puts the first release at around £384 a bottle whilst the second release could be in the range £540-£575.

That compares to the 2015 release price of £358 per bottle, which in turn leads us to the conclusion that in euro terms the first tranche release price is likely to have been more or less flat year on year. But of course, we can’t be sure.

The rest of the supply chain is sitting tight. The majority of Lafite offers won’t now reach your inbox for another week. The channels of distribution are showing admirable sense and fair play in averaging the two release prices and treating their customers with the egalité most deserve.

So how about the wine? Lafite 2016 is glorious: one of a handful of wines that stand imperiously; pinnacles in this truly great left bank vintage. Is it worth £480 a bottle? A difficult question to answer, but surprisingly, it does look like acceptable value in the context of current market prices of prior excellent or great vintages.

Below is our relative value analysis. Based on our estimations of what’s likely to happen in the next week, 2016 is showing a small advantage over prior vintages. If you consider that 2009 and 2010 are well off their lows, and that the absolute low of Lafite 2010 was £446 a bottle, it indicates that 2016 has very limited downside, and might well run up to around £600 a bottle over the next 3 years.

Once selling commission of 5% inclusive is taken into account and an adjustment for storage fees, your net proceeds would be £567, or a return of £87 a bottle: a return or discount to future market value (depending on your perspective) of 15%. Based on the above illustration an en primeur purchaser will be therefore looking at growth averaging 5% per annum.

It’s tight. There’ll be buyers. Notwithstanding, if the averaged price per bottle shakes out around £450-£460 many more collectors would swing behind it.




Bordeaux 2016 - our tasting notes

by Wine Owners

Posted on 2017-04-24


For a detailed overview of the vintage, please see What you need to know about Bordeaux 2016 reds

This year’s Bordeaux 2016 en primeur tasting notes reflect the vintage and its character. You’ll see the same words come up again and again in our tasting notes.

For fruit character, that commonly includes "briar fruit", "cassis" or "blackcurrant" and "sherbetty fruit". Very few showed prune or confit fruit character, and we generally marked these ones down as potentially showing overripe characteristics.

For non-fruit character, it’s "licorice" and "cedar". An Interestingly definitional note: Licorice (or liquorice) is extracted from the root of Glycyrrhiza glabra, a herb whose extract is 50 times sweeter than sugar!

Many of the best wines have a "liqueur-like" refined nose and a similar mouth-feel.

Structurally, a "charge of tannins" is very evident on the attack, often accompanied by a "chewy" finish. This comes from the July/August drought when lack of water led to the plants shutting down and producing correspondingly higher tannins.

The long autumn hang-time with cool nights led to the sense of freshness in the wines. You’ll find lots of wines in my notes that are "mouth-watering", "sappy" and "threaded with acidity".

The finish of the wine is so important when evaluating young, fine (and expensive) wine and this year the finishes are typified by the word "controlled" whilst there was generally very good "insistent" length. It’s that sense of containment and balance on the finish that helps make the best wines so good and sets them apart from the rest.

Further tasting notes will release on the right bank in due course where I did the least tasting, and see these links for what the critics think of St Emilion and Pomerol.

DECANTER - Bordeaux 2016 Right Bank: Anson’s first impression

JANCIS ROBINSON - Bordeaux 2016 : the guide

Picture: Wine Owners Ltd.

SAINT ESTEPHE

Producer Score Favourited Description Price bracket Appellation
Cos D'Estournel 98 * Cedary, sweet nose. Then a charge of tannin. Firm fruit, progressively building from a cool mid palate to a powerful, broad finish - rather like a fan opening or a peacock's tail slowly revealing its intricate colours.   £££ Saint Estephe
Montrose 97 Liqueur like nose. Cassis and cedar notes in the attack then sweet mouthwatering, very balanced mid palate. Sweet finish. Very fine. £££ Saint Estephe
Calon Ségur 97 * Blackcurrant nose, airy, structured attack, liqueur-like texture, then rich summer fruits and a warmer than anticipated finish. Nice firm undercurrent nonetheless as the soft tannins push through and bring needed focus to the finale. £££ saint Estephe
Le Crock 95 * Refined nose, lovely attack, grainy fruit. Tremendous attack and energy. Dark fruit infused with licorice. Complete, large scaled and satisfying. ££ saint Estephe
Lafon Rochet 95 * This is fine. Spiced, sweet fruit on the attack and mid palate, a big tannic charge and chewy finish. This is long term, big-scaled and really serious. ££ Saint Estephe
Chateau Phelan Segur 93 * Svelte, dense, lots of freshness, spiced attack. Soyeux, with a point of freshness at the finish. ££ Saint Estephe
Cos Labory 93 * Good density and attack. Very good complexity to the fruit. Mid weight. Super length. Quite clearly the best since the superb 1990. ££ Saint Estephe
Ormes de Pez 92 * Seasoned nose, a touch of cassis and cream, glorious cassis fruit and blackcurrant leaf. Great freshness and zesty finish.  ££ Saint Estephe

Pagodes

92 Gentle attack, a sweet flourish and a mouthwatering mid-palate. Attractive, if not the most impressive St Estephe this year. ££ Saint Estephe
Dame de Montrose 91 Lovely attack, good dry fruit, nice lift and fine finish. ££ Saint Estephe
Meyney 93 * Liqueur-like in its texture, a super attack of cassis crème. Long, intense, well balanced and super-well integrated. I love St Estepehe in 2016 £ Saint Estephe
Chateau de Pez 92 * Super-vibrant, a little sweeter than some, but nicely done and a great finish. £ Saint Estephe
Marquis de Calon Segur 90 Evident structure, quite sweet mid-palate but lots of sap to it too to accompany the ripeness, hence the finish coats the lips with a dollop of cassis jam. £ Saint Estephe
Capberne Casqueton 89 Savoury, attractive attack with good weight, a noticeable intensity, but just a little less energy for me than 2010. Second best ever vintage of this wine. £ Saint Estephe
Tronquoy Lalande 89 Briar fruit, quite deep, merlot heavy and correspondingly plush. £ Saint Estephe
Haut Marbuzet 88 It's fine, but in a veritable constellation of terrific St Estephe performances, this is closer to the back of the classroom. £ Saint Estephe


PAUILLAC

Producer Score Favourited Description Price bracket Appellation
Lafite Rothschild 99 * Subtle, elegant, understated. Buffered tannins, very, very complex fruit with an illuminated fringe of acidity. It's an exercise in balance with a firm, insistent finish. ££££ Pauillac
Mouton 98 Aromatic, perfumed, sensual nose. Lush, huge, spiced with cloves. Powerful and dense. Very fine complex palate, anise seeds. Amazingly well-integrated tannins. ££££ pauillac
Latour 97 Restrained nose, fruit attack, buffered tannins, complex with an iron infusion and a touch a meatiness, leading to a firm finish.  ££££ Pauillac
Carruades de Lafite 96 * Mouthwatering attack, Covered, voluminous fruit. Powerful, serious wine. Licorice. Very, very long. Best ever. ££££ Pauillac
Pichon Longueville Lalande 99 * Subdued nose, then a very refined attack, more backward than many, but there's evident intensity of fruit, a wonderful aromatic quality, with great prickly acidity throughout. Not showy, but extremely impressive in its reserved, elemental state. It feels like it could be a legend in the making. £££ Pauillac
Pontet Canet 97 * Saline, eucalyptus nose, powerful attack. Sweeter than some others. Unctuous but a beautiful balance. The sweet fruit submerges the considerable tannins. Then a sappy, mouthwatering lift. Pure, powerful and in line with the character of the vintage, a firm finish. £££ pauillac
Pichon Baron Longeuville 96 Vinous nose. Fine attack and mid palate, showing balance and control. Super-refined. Aromatic, characterful and complete. £££ Pauillac
Lynch Bages 96 * Deep nose, packed with fruit. Energetic attack. A formidable charge of tannins; chewy, bright attack. Settled, calm finish. £££ pauillac
Petit Mouton 93 Very fine nose, svelte, integrated, balanced powerful, long and large scaled. £££ pauillac
Chateau Clerc Milon 96 * Seasoned nose, restrained, quite high acidity. Very mouthwatering and dry. Vinous mid palate. Firm, damsons, réglisse, very svelte finish. Liqueur quality of texture. Very refined but not polished or made-up. ££ Pauillac
Grand Puy Lacoste 95 * Rich and generous nose, with a touch of licorice. Smooth, supremely balanced wine featuring crystalline fruit. As good as 2010. ££ pauillac
Réserve de la Comtesse 94 * Vinous nose, perfumed with myrrh, delightfully textured and delicious mid palate. It's hard not to fall in love with this. ££ Pauillac
D'Armailhac 94 Liqueur-like, fine nose. Good attack. Fine thread of acidity. Sweet mid palate and very controlled, sweet, sappy finish. Lots of tannin, very well integrated.  ££ pauillac
Echo (Lynch Bages) 92 Large-scaled, aromatic fruit, nice grip, sappy, dry mid palate. Characterful. ££ Pauillac
Chateau Duhart Milon 91 Warm, vinous nose. Quite an overt palate. Slightly bitter twist to the fruit. Quite intense. Powerful tannic charge in the mid-palate. Reminds me of the 89s when they were babies. Ambitious. ££ pauillac
Chateau Croizet Bages 91 Covered, thickly styled fruit, cedary fresh and insistent, long finish. Cedary and good overall balance. ££ Pauillac
Chateau Lynch Moussas 90 Iron-infused fruit. A little fierce, but likely to settle down with a bit of bottle age. There is proper intensity there and it's certainly 'real' young wine; a bit disjointed but with the key elements in place. ££ Pauillac
Pedesclaux 93 *

Good concentration, fresh, with a taut citric core. Mouthwatering then the dense fruit kicks in towards the end. Very progressive and very good. Retested May 17: Classical and firm, fresh damsons, spicy, sweet.

£ Pauillac
Lacoste Borie 90 Nice density, good weight, freshness and very silky tannins £ pauillac
Batailley 90 Pretty, confit fruit. Earlier drinking but delicious for what it is. £ Pauillac
Grand Puy Ducasse 89 At the sweeter end of the spectrum in the vintage context. £ Pauillac
Griffons 89 Dense and texturally interesting. Liqueur-like, fruity, and a charge of tannins, that perhaps prematurely curtail the finish. £ Pauillac
Pibran 87 Slightly odd. A bit of fur on the fruit. A little savoury and wild for my taste. £ Pauillac
Tourelles de Longueville A bit dull. Uninteresting. £ Pauillac


SAINT JULIEN

Producer Score Favourited Description Price bracket Appellation
Leoville Las Cases 96 Super aromatic nose. Savoury. Finely crafted fruit, comprising redcurrants, briar and cherry. Cushioned tannins, and a very integrated finish, with an orange-peel lift.   £££ Saint Julien
Ducru Beaucaillou 95 Vinous nose of blackberry leaf and cedar. Bright attack, chewy without a tannic charge of the year seen elsewhere. Very covered in plush fruit, though fresh and with good energy. Blackcurrant and mint. Cushioned tannins. Lovely but perhaps a little polished for so early? £££ Saint Julien
Chateau Leoville Barton 95 * Lovely firm-fruited attack, intense but not huge. Very fine mid palate Sweet fruited and medium weight. Insistent and elegant. ££ Saint Julien
Chateau Gruaud Larose 94 Cool reserved nose, controlled, fine attack. Very fine tannins. Beautifully balanced. ££ Saint Julien
Branaire Ducru 94 Complete wine, great mouth-coating texture. Big but fine tannins. ££ Saint Julien
Beychevelle 94 * Liqueur-like nose, vivid attack, rich progressive finish but reassuringly controlled. Excellent. ££ Saint Julien
Leoville Poyferré 94 Cedary, saline nose, big cassis and briar fruit, with a touch of warmth. Controlled progression, super-integrated tannins, then a dry tannic charge kicks in with chewy, fresh, matière. ££ Saint Julien
St. Pierre 94 * Powerful attack and tannins but a sweet and long mid palate. Complete and long. Much better balance than the over-polished 2015. Much better and unforced in 2016. ££ Saint Julien
Langoa Barton 93 Round, sweet mid palate and a mouthwatering finish. Charm and character. ££ Saint Julien
Gloria 92 * Cool nose, fine mid palate, good energy and a citrus lemony finish. ££ Saint Julien
Talbot 92 A bit bigger on the attack than some,  but certainly not too sweet, and although a little unknit at this stage, there's a fine sap to the finish and it could evolve into an excellent Talbot.  ££ Saint Julien
Chateau Lagrange St Julien 91 Cool restrained nose, super charge of tannins, and a sappy finish. A little bit unknit at this stage to be hyper-critical, but the intensity is there, hence the positive score. ££ Saint Julien
Clos du Marquis 90 This is very good, peppery, reserved nose, mid weight. Crystalline, crunchy fruit. £ Saint Julien
Moulin Riche 89 Rich, chewy, with a cocktail of cherry and briar fruit. Gives the impression of being more alcoholic than others. Good length. £ Saint Julien
Petit Lion 89 Liqueur-like and refined on the palate, quite a bit of acidity and right now, not the longest finish. £ Saint Julien
Lalande Borie 88 Mid weight, sappy and a reasonable finish. 2010 a better prospect at this level. £ Saint Julien
la Petite Marquise 88 Cassis nose, creamy and field herbs, including anise on the palate. Approachable and well-balanced with an attractive fresh finish, that is nevertheless on the short side. £ Saint Julien
Croix de Beaucaillou 88 Vinous, liqueur-like nose, sappy, sweet with soft, svelte fruit. Forward. £ Saint Julien


MARGAUX

Producer Score Favourited Description Price bracket Appellation
Palmer 98 * Lots of energy, the attack is incredible. 29 ha/ha due to a mildew attack resulting from a miscalculation (too little) of copper treatment on this biodynamic estate. Creamy briar fruit in a mid-weight+ frame. So much more elegant than 2015. Classy firm fruit. Sweet sherbetty mid-palate and an interesting herbaceousness on the finish. Beautiful wine. ££££ Margaux
Margaux 96 Refined nose, faintly perfumed. Cassis and energetic attack. A less harmonious mid palate than 2015, but still with a at least a good dab of summer pudding emerging with air. More of a sappy character, firm tannins lurking in background but barely surfacing. This could be very good but is somewhat backward today.   ££££ Margaux
Pavillon Rouge 92 Subdued nose, saline. Savoury palate, quite powerful attack. Rather unusual 84% cabernet composition, signaling the ongoing and increasing seriousness of Margaux's second wine, lending some support to its market price. £££ Margaux
Ego (de Palmer) 94 * Delicious! Croquant fruit, fine lingering finish, Evident purity. ££ Margaux
Chateau Durfort Vivens 93 * Characterful and grippy. Quite crystalline, crunchy fruit, with black cherry infused mid palate. Chewy finish competes with persistence of fruit on a mid-weight frame. This is different to 2015, that came across as richer and more mineral (iron), but the minerality is still there. Time will tell which is the more satisfying, they are both excellent in their very different ways. Demeter certified this year (French biodynamic certification).  ££ Margaux
Brane Cantenac 92 Rounded, showing as forward in the context of the vintage, back cherry infused mid-palate, lifted by freshness and with a very nice finish. £ Margaux
Rauzan Segla 90 Very classy as always but it's not 2015. £ Margaux
Lascombes 89 Nice attack, then mid palate fades away. Maybe just closed? £ Margaux
Cantenac Brown 89-91

Very nicely balanced, mid weight, not a patch on the 2015. Retasted May 17: Ripe, progressive, spiced and very energetic. This has come on leaps and bounds in 6 weeks since previous tasting.

£ Margaux
Prieuré Lichine 88 Good energy, just lacking character. £ Margaux
Malescot St. Exupery 88 I worry that there's a bit of a hole in the middle of the palate. £ Margaux
Kirwan 88 OK, but not as exciting as the rather good 2015. £ Margaux
D'Issan 88-91 A bit stalky? Not a patch on the marvelously saline 2015. Retasted May 17: lifted and fine. £ Margaux
Ferriere 87 I love this Chateau for its direct character blending ripe fruit with a classic mould. I'm afraid 2016 isn't one of those vintages I can recommend. You'd be best looking backwards at least 5-10 years for value for money drinking. £ Margaux


MOULIS EN MEDOC

Producer Score Favourited Description Price bracket Appellation
Mauvesin Barton 92 * Superb texture and good length £ Moulis en Medoc
Chasse Spleen 92 * Liqueur-like texture, solid mid-palate and a fine finish. Very good indeed, and this should be a sensible buy as it always performs in the secondary market. £ Moulis en Medoc


LISTRAC

Producer Score Favourited Description Price bracket Appellation
Forcas Borie 89 Superb, fleshy merlot. A lovely near-term wine that should drink on release but has the stuffing to last. A surprise and another good showing for Moulis in 2016. £ Listrac


MEDOC

 Producer Score Favourited Description Price bracket Appellation
Les Grands Chenes 91 * Juicy, fruity nose. Liqueur texture in the mouth with a controlled, fresh, mouthwatering finish. Young vines on what Bernard Magrez describes as a very impressive terroir with a little bit of gradient to it. This is not at all what I was expecting: classical and quite fine for what it is. £ Medoc
Goulée 88 Quite rich, warm inviting nose, not the longest. £ medoc
Chapelle de Potensac 87 Savoury nose. Approachable and easy, a certain density notwithstanding, then savouriness on the mid palate and a nice bright finish. Far less serious than Potensac but does that make it any the worse? £ Medoc
Tour de By 86 No £ Medoc
Tour St Bonnet 86 No £ Medoc
Potensac 86 Aromatic attack, a tannic charge and a slightly rustic finish. This is an agitated wine. Big chewy end-game. £ Medoc


PESSAC LEOGNAN

Producer Score Favourited Description Price bracket Appellation
Mission Haut Brion 97 * Vinous. Round, inviting nose. Aristocratic, juggling dense, firm fruit and a mid-weight+ stature. Fresh mid palate, mouthwatering, a fine thread of acidity coaxes the wine into a long, lingering finale. More approachable than Haut Brion and today all the better for it. ££££ Pessac-Leognan
Haut Brion 95 Floral notes precede a cool nose of ripe fruit. On the palate the fruit is firm, a little more withdrawn at first than MHB, showing a touch of oak, but the tannins are super-fine. Cool finish despite the obvious lurking size of the wine. Should show more in the future, for now probably quite impressive, and elemental just like 2015 was, not obviously showy. In terms of ranking I's suggest more like 1998 than 1989, and a notch or two below their super-serious and intense 2015. My guess is the quality of the Cabernet Franc last vintage was a step up. £££ Pessac-Leognan
Carmes Haut Brion 95 * Firm, proper and mouthwatering from partial whole bunches. Very good length. Classy and a standout in Pessac at this level. ££ Pessac-Leognan
Domaine de Chevalier 94 * Lightly seasoned nose. Firm, fruit, bright aromatic mid palate and finale. Sherbetty and refreshing. Fine tannins. Nicely judged weight. ££ pessac-Leognan
Clarence de Haut Brion 90 Fruity accessible nose, touch of white pepper. Textured entry allied to a lightness of feel, then a touch of warmth and caramel on the finish.  ££ pessac-Leognan
La Chapelle de La Mission Haut-Brion 90 Vinous, fine tannins, crystalline fruit, and a licorice twist towards the back of the mid palate. Mid weight and delicious.  ££ Pessac-Leognan
Pape Clément 90 I fell in love with Pape Clément last year. It had such exceptional balance, lift and class. The terroir truly expressed itself combined with a velour quality to the fruit and great definition thanks to its freshness. 2016 is a step backwards, with hints of over-ripeness within the rich fruit, and (for me) missing a sense of place. ££ pessac Leognan
Malartic La Graviere 91 * Superb, mid weight and moorish claret with gently sweet mid palate. £ Pessac-Leognan
La Louviere 89 Good mid weight, with some intensity and charm £ pessac-Leognan
Esprit de Chevalier 89 Aromatic character, present tannins and graves like dry finish. £ Pessac-Leognan
Solitude 88 Mid weight and nicely balanced £ pessac-Leognan
Espault Martillac 88 Padded savoury fruit. £ pessac-Leognan
Chateau Carbonnieux 88 A bit rustic £ Pessac-Leognan


SAINT EMILION

Producer Score Favourited Description Price bracket Appellation
Cheval Blanc 96 Subdued nose, stony and earthy. Very fine mid palate, progressive, aromatic attack, juicy dark licorice and spiced finish. ££££ Saint Emilion
Figeac 99 * Perfumed nose with jasmine. Energetic attack. Cedary mid palate. Fresh pithy attack. Then chewy bitter, dark cherry conclusion. This is excellent. A bit less of an eager labrador than 2015, it misses the rich summer pudding quality of last year but has greater elegance and is nigh on perfect. £££ Saint Emilion
Petit Cheval 91 Liqueur textured elegance, leading to a dark, slightly pruney finish £££ Saint Emilion
Quintus 91 Sweet fruited nose, good volume, nicely done. ££ Saint Emilion
Quinault L'Enclos 95 * Great fruity nose, very aromatic. Lovely liqueur like mouth feel on a river of flavour. Effortless and fine. Highly recommended. £ Saint Emilion
Corbin 93 * Quite fat, red fruit predominate, super intensity, quite creamy. Bramble and sloe. Very good. £ Saint Emilion
Destieux 92 * Liqueur eau de vie nose, character and energy, good intensity and a properly chewy finish. This will be good value. £ Saint Emilion
Fombrauge 89 Good intensity, tannic charge and grainy texture, with a slightly loose finish £ Saint Emilion
Le Dragon de Quintus 89 Fruity nose, firm fruited palate. £ Saint Emilion
Labergorce 87 Savoury, some intensity, cherry finish but slightly rustic £ Saint Emilion
Saintayme 87 Powerful, lifted attach, with a very firm, slightly bitter mid-palate. (Was this a bad tasting moment of mine?) £ Saint Emilion
La Dominique 87 Middle of the road, nothing to complain about - or to get excited about. 2015 considerably better. £ Saint Emilion


POMEROL

Producer Score Favourited Description Price bracket Appellation
Vieux Chateau Certan 97 *
Reserved nose, with a  lovely infusion of eau de vie. There is a very substantial tannic charge in the mid palate, with plenty of intense dark, covered fruit and licorice to compete. Impressive but my guess is that will be a pretty backward wine for years to come.  £££ Pomerol
Eglise Clinet 95 Intense, firm, backward, impressive. £££ Pomerol
Conseillante 95 Seasoned nose, cool. Creamy and dense cassis fruit, the attack is rather aromatic. The expansive mid palate is spiced. Chewy but soft and silken tannins on the progressively rich finish. Rich yet there's a crystalline aspect; a control and focus that constrains the eager fruit. £££ Pomerol
l'Evangile 92 Dark hued and correspondingly darker flavours than many in 2016. Cassis, mulberries and a hint of plum. There's a certain freshness that duels with a little warmth on the finish, like a welcome current of air alleviating an otherwise hot day. Those who enjoy bigger wines will attract to L'Evangile. £££ Pomerol
Petit Villages 95 *
Cedar nose, cool. Liqueur like texture, the fruit infused with eau de vie. Super charge of tannins, racy balanced and elegant. Is this the best Petit-Villages ever? ££ pomerol
Vray Croix de Gay 92 *
Reserved, elegant with a fine finish. Good vinosity. ££ Pomerol
Chateau Rouget 92 Good definition, intensity and freshness ££ Pomerol
Petite Eglise 90 An exercise in restraint for the vintage, but for now it presents as a bit angular. (Was this a bad tasting moment of mine?) £ Pomerol
Chateau Beauregard 89 Nice control on he finish though comes across as a little monolithic £ pomerol
Chateau La Pointe 88 Big attack, sticky ripe fruit, quite monolithic £ Pomerol 


LALANDE DE POMEROL

Producer Score Favourited Description Price bracket Appellation
Siaurac 92 * Classy, balanced, controlled, rich and delicious. £ Lalande de Pomerol
la Chenade 88 Mid weight, sappy, pure, grippy bitter fruit. Good length and satisfying finish. What I don't get is a specific character. £ Lalande de Pomerol
Cruzelles 87 Bitter cherry, a little drying in the mid palate ((Was this a bad tasting moment of mine?) £ Lalande de Pomerol


Picture: Wine Owners Ltd.


Bordeaux 2015 Overview

by Wine Owners

Posted on 2016-04-07


Back from Bordeaux and having tasted widely across all the major communes, for a good proportion of the wines at least twice, we can report that 2015 will be a very good to excellent overall vintage.

The wines have nice density accompanied by varying degrees of power. But it’s best to avoid sweeping generalisations in this vintage, as this overview explains. Read on...


Those who say the heights were achieved on the right bank are overlooking a number of exceptional wines from across many other appellations. St. Emilion has been proposed as the top-performing commune of the vintage, but there are plenty of examples that are too big and powerful. Those Chateaux really do need to wake up to the changing market that is thankfully favouring balance once more.

Pomerol has seen some great successes, yet different styles of vinification between producers have resulted in wines with very different characters. On the one hand are those that are pure with a brightly illuminated core of fruit, ripe elegant tannins and a taut finale. On the other are styles that are evidently riper, with imperceptible tannins and an extremely smooth, even edgeless, finish.  Whilst these are extremely attractive and very easy to drink after just a few months in cask we wonder if they will stay the long-term course and evolve into compelling wines worthy of their glossy and alluring first showing. 

Many state that the higher up the Medoc peninsular you go, the less good are the wines due to higher mid-season rainfall than the right bank, Margaux and Pessac-Leognan. That isn’t necessarily evident, perhaps with the exception of Haut Médoc and Listrac.

Much-touted Margaux is indeed extremely consistent across the board, to a degree we’ve not seen for many years. Yet in our view the most impressive individual wines from the Medoc come from Pauillac and St. Julien, perhaps with the exception of Chateaux Margaux itself and the broodingly structured Chateau Palmer.

St. Julien is a very consistent appellation once again. Graves (Pessac Leognan) is excellent, and some historically big styled wines have reined it in with exceptional results,making for a very impressive showing for the appellation overall.

Soil composition would appear to have as much to do with variation between properties as levels of rainfall. It’s possible that this variable will have been accentuated by a scorching July when drought conditions had set in, with the vines showing heat stress by starting to drop leaves. Relief came in early August with some heavy downpours and temperate August weather accompanied by comparatively high hours of sunshine.

The dry, hot July conditions were compared to 2003. Yet unlike that vintage when night time temperatures were steamy, 2015 experienced cooler hours of darkness, and many of the wines do have a pleasant acidity in the mid palate, whilst the best have a crystalline fruit quality and are salivant - mouth-watering.

Notwithstanding the very high July temperatures, picking took place from around the middle of September through to October 7th, with lovely late-season weather giving the fruit plenty of hang time to fully ripen, and producers were able to pick selectively at their leisure ahead of the forecasted rains at the start of the second week in October.

It’s been said Merlot is the standout grape of the vintage and the best since 2010. That’s true of the right bank overall, but not in the Medoc, where the best wines contain 85%-92% Cabernet Sauvignon.

Also, some of the greatest expressions of the vintage are wines that contain significant proportions of Cabernet Franc in their blends. Vieux Chateau Certan, Cheval Blanc, Figeac and Carmes Haut Brion are all gorgeous benchmarks.

Finally the big question: is 2015 in the same league as 2009/ 2010? Or perhaps 2005, a vintage which in our opinion may well prove the equal of 2010.It doesn’t look like it at this stage, and many Negociants and producers we spoke to didn’t look to equate 2015 with the monumental 2010s. This is undoubtedly an excellent vintage. We do not think it is a legendary one.

What’s next?

We'll be sharing our tasting notes of the vintage over the next few days.

You’ll be able to view a number of videos we shot of producer, Negociant and merchant opinion of the vintage and their favourite wines.

We’ll review our recommendations and wines we cautioned against buying early from the 2014 vintage release based on the best wines of the vintage, which we subjected to a rigorous price per points analysis. You’ll be able to judge for yourself how well our ‘buys’ and ‘do not buy early’ guidance has performed in the last year - notwithstanding they are still pre-arrivals.

As prices of Bordeaux 2015s release (which we are told will be a long and drawn out affair this year) we shall publish our price per points analysis, highlighting the buys of the vintage; pinpointing comparable back vintages that look like good value against a range of other vintages; and highlighting the wines that are too highly priced at first release to warrant buying early.




Picks from the exchange

by Wine Owners

Posted on 2015-09-21


Chateau Batailley 2010   

Region    Bordeaux (Medoc)

Appellation    Pauillac

Classification    Cinquieme Cru Classe

Current Market Price


'Made in a more charming style than the normally backward, rather formidably tannic wines of Batailley, this 2010 is an endearing, elegant wine, but it has no shortage of power, richness and intensity. It displays loads of beautiful cassis, cedar and Christmas fruitcake notes along with impressive purity, texture and a full-bodied mouthfeel. Usually much more austere, this vintage seems to have produced a richer, more layered and opulent style of Batailley that can be approached in 3-5 years and consumed over the following 25 years.'

92 points - Robert Parker

Current best offer on the exchange    £290 IB (12x75)

* * *

Tenuta dell' Ornellaia Ornellaia 2001     

Region    Italy (Tuscany)

Appellation    Bolgheri

Classification    /

Current Market Price



'The 2001 Ornellaia is easily the finest in the history of the estate, warm and spicy on the nose with superbly focused plum and black currant fruit, much complexity and elegance in its concentrated and supple body, and a velvety, enveloping close. It will easily drink well for another two decades'

96 points - Robert Parker

Current best offer on the exchange    £600 IB (6x75)

* * *

Le Clarence de Haut-Brion 2010    

Region    Bordeaux (Graves)    Pessac-Leognan

Classification    /

Current Market Price


'It is a broad, powerful and more muscular wine than its cross-street rival, La Chapelle de la Mission, but all the same, it is wonderfully fresh and precise, with notes of blueberry and boysenberry as well as hints of smoke and wet stones. Endowed with gorgeous fruit, texture, purity and elegance, this relatively dense second wine demonstrates how draconian the selection process has become for the top estates in Bordeaux in recent years. The blend of this wine is 52% Merlot, 36% Cabernet Sauvignon and the rest mostly Cabernet Franc with just a touch of Petit Verdot. I would expect it to last at least 20 years, which is remarkable.'

93 points - Robert Parker

Current best offer on the exchange    £300 IB (6x75)


Top 3 most searched for wines

by Wine Owners

Posted on 2015-09-02


Chateau Pontet Canet - 2009

Region: Bordeaux (Medoc)

Appellation: Pauillac

Classification: Cinquieme Cru Classe

'An amazing wine in every sense, this classic, full-bodied Pauillac is the quintessential Pontet Canet from proprietor Alfred Tesseron, who continues to reduce yields and farms his vineyards biodynamically - a rarity in Bordeaux. Black as a moonless night, the 2009 Pontet Canet offers up notes of incense, graphite, smoke, licorice, creme de cassis and blackberries. A wine of irrefutable purity, laser-like precision, colossal weight and richness, and sensational freshness, this is a tour de force in winemaking that is capable of lasting 50 or more years. The tannins are elevated, but they are sweet and beautifully integrated as are the acidity, wood and alcohol (which must be in excess of 14%). This vineyard, which is situated on the high plateau of Pauillac adjacent to Mouton Rothschild, appears to have done everything perfectly in 2009. This cuvee should shut down in the cellar and re-open in a decade or more. Anticipated maturity: 2025-2075.' - 100 points RP



Chateau Cos d'Estournel - 2009

Region: Bordeaux (Medoc)

Appellation: Saint-Estephe

Classification: Deuxieme Cru Classe

'One of the greatest young wines I have ever tasted, the monumental 2009 Cos d'Estournel has lived up to its pre-bottling potential. A remarkable effort from winemaking guru Jean-Guillaume Prats and owner Michel Reybier, this blend of 65% Cabernet Sauvignon and the rest Merlot (33%) and a touch of Cabernet Franc (2%) was cropped at 33 hectoliters per hectare. It boasts an inky/black/purple color along with an extraordinary bouquet of white flowers interwoven with blackberry and blueberry liqueur, incense, charcoal and graphite. The wine hits the palate with extraordinary purity, balance and intensity as well as perfect equilibrium, and a seamless integration of tannin, acidity, wood and alcohol. An iconic wine as well as a remarkable achievement, it is the greatest Cos d'Estournel ever produced. It is approachable enough at present that one could appreciate it with several hours of decanting, but it will not hit its prime for a decade, and should age effortlessly for a half century.' - 100 points RP




Chateau Montrose - 2005

Region: Bordeaux (Medoc) 

Appellation: Saint-Estephe

Classification: Deuxieme Cru Classe

'In 2005, a very serious drought year stressed most vineyards in Bordeaux, which are all dry-farmed. The volume of rainfall was less than half the average of the previous 30 years. The clay subsoils at Montrose have always played a major role in not only dry years, but also in extremely hot ones, such as 2003, as they retain more moisture. The grapes were harvested between September 23 and October 9. This is a very powerful, full-bodied wine that is quite tannic, but the tannins are relatively velvety. The wine is rich, complex, majestic, multi-dimensional and also avoids any of the austerity that some 2005s possess. It has done quite well in its bottle evolution and should turn out to be a great Montrose, capable of lasting 30 to 50 years.' - 95 points RP




Top 3 Hot Markets

by Wine Owners

Posted on 2015-08-28


1/ Grand Puy Lacoste 2010 is a great wine. 4 years after release, the price is £100 off its opening price. GPL 2010 is surely now one of the buys of that wonderful vintage. Rated 95 points by Robert Parker this will be a magnificent drink in years to come. We would not be surprised to see this rerated 97 points in due course.

'An absolutely magnificent wine from this very popular estate, which sits well off the Route du Vin, just to the southwest of the town of Pauillac, its classic creme de cassis and floral notes are well-displayed. The wine possesses supple tannin, a full body, voluptuous character and a layered, impressively textured mouthfeel. This is a brilliant effort from Grand Puy Lacoste that can be drunk in 4-5 years or cellared for three decades or more.' RP 95.

- - -

2/ Montrose 2010 is another beauty, a perfect wine and less expensive than 2009, yet a seamless monument that is the equal of any of the First Growths. It’s hardly surprising this is a hot market: surely it’s only going to go one way from here?

'This is considered to be among the greatest vintages ever made in Montrose, right up with the 1929, 1945, 1947, 1959, 1961, 1989, 1990 and 2009. Harvest was October 15 to 17. The wine has really come on since I last tasted it, and it needs at least another 10 years of cellaring.' RP 100.

- - -

3/ Ducru Beaucaillou 2011 is interesting. It wasn’t so long ago that top new vintages of this super-second were releasing at well into 4 figures. The unfashionable 2011 vintage provides the opportunity to buy in for just £660 per case of 12.

Exchange activity is suggesting this is a buy as top-drawer drinking claret. The latest Parker score surely reflects the a period during which the wine has shut down. Once this wine starts to open up again, could there be the potential for it to be rerated in the 93-95 range in line with the en original primeur rating? Neal Martin’s rating is 92-94.

'The 2011 Ducru Beaucaillou (which normally represents 1/3 to ½ of the entire crop) possesses a dense ruby/purple color along with a beautiful nose of sweet creme de cassis, crushed rock and spring flower aromas. This rich, medium to full-bodied St.-Julien is among the most concentrated wines of the Medoc. Moderate tannin is sweet and well-integrated. This beauty will benefit from 3-5 years of cellaring and keep for two decades.' RP 92+.



WINE PICK: 2006 Mouton Rothschild

by Wine Owners

Posted on 2014-10-13


2006 Mouton Rothschild


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