2009 Chateau Beausejour Duffau-Lagarrosse
Beausejour Duffau is a great success story of recent years, especially if you are one of the buyers lucky enough to have secured an allocation of the 2009 (in particular) and 2010, both of which received price-boosting perfect ratings from Wine Advocate. The 2009, for example, which has been trading at £2850 has shown nothing but upside since release. The opening EP price here was £800, which is enough to deter the casual buyer, but those who fell in love with the wine from barrel samples have had their faith well rewarded by a market price of £3000, an increase of 270%, which is truly remarkable in an otherwise relatively stale market, and vastly outstrips the performance of pretty much anything else.
Buyers of the 2010 show an increase of around 30%, still very much bucking the trend, but slightly less favoured than the 2009, with an equivalent market price of £2652. Given the release price of the 2010, close to £2000 per case, buyers in that vintage were in a sense late to the party, the chateau having had the confidence to price quite aggressively in its second consecutive great vintage. The pricing performance here is probably also coloured by the fact that the 2009 was given a range of 96-98+ in initial tastings by Parker, while the 2010 was offered a marginally more confident 96-100, both being respectively upgraded and confirmed in a 100 point score.
Lucky owners of the 2009 are left in the enviable if awkward position of having to decide whether to take their £2000 per case profit now, or hold in anticipation of future increases (the last perfect score for Beausejour Duffau was 1990 which now trades at £7,500+ per case and has consistently risen since 2006).
There is always the option of laying it down for future drinking in the knowledge that it’s a 100 point wine for which they paid well below the odds on release. Given 2009 is in all likelihood a decade away from entering its maturity plateau, how many savvy buyers will be prepared to drink a case of wine that might be valued at £7,500-£10,000 by then?
Posted in: Fine wine analysis, Fine wine pricing and valuations, Fine wine trading,
Tags: 2009 Chateau Beausejour Duffau-Lagarrosse, Beausejour, Libournais index, Wine, Wine Advocate, WO150,
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