PENFOLD’S GRANGE AND SUPER SECONDS IN THE SPOTLIGHT
Following on from our recent blog of the 20th October about the merits of investing in 2008 Penfold’s Grange it would seem that we are not alone in our conviction that this is indeed one of the greatest wines ever to have emerged from the Antipodes. Recently it took the lion’s share of trade on Liv-ex with 9.4% and this is as a result not only of its price which rivals many First Growths but also the fact that it has been awarded 100 points by the Wine Advocate and the Wine Spectator.
Elsewhere although the First Growths continued to hold a steady 35% share of trade the trend for dominance by “off” vintages continued. This time the beneficiaries have been two of the more prominent Super Seconds. 2008 Cos d’Estournel was one of the top wines traded by value and volume, whilst Vin-X favourite Pontet-Canet’s 2008 was also traded heavily. The 2008 vintage claimed 20% of trade by value, more than double any other vintage and owes its resurgence to its new found attractive value after the biggest roller-coaster ride for a vintage in recent memory.
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