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.
For more information please click on article below.
The arrival of the invitation to a Union des Grands Crus de Bordeaux (UGC) tasting is always eagerly awaited because it gives those wine investment professionals who have not been lucky enough to attend en primeur week the chance to taste what all the fuss is about. It is also usually the first chance that most people have to taste the finished product from the bottle before it is shipped off to negociants and wine merchants and eventually the customer.
The Vin-X team arrived at the Paul Hamlyn Hall adjoining the Royal Opera House with no real expectations. Whilst the critics had deemed that 2012 was never going to be a classic like 2009 or 2010 neither had they marked it down as badly as 2013. With only a few hours available the trick was to select a number of chateaux to provide a representative sample and focus particularly on the top end investment grade chateaux. I have to say I think we were all pleasantly surprised. 2012 is a very easy drinking vintage that will be accessible at a very young age. There was little evidence of any hard tannin and the general consensus was that whilst it may not provide many investment grade wines there would be plenty that would be very drinkable, very soon for a reasonable price. Our only female taster particularly liked the Troplong Mondot and of course the classic, sweet Sauternes from Doisy Daene. The newest tasting member of our team preferred the Lynch-Bages and the Pavie Macquin whilst my favourite was Gazin. All different but that’s the beauty and subjectivity of fine wine.
A reliable measure of any great fine wine is its consistency and in this respect Penfolds Grange would seem to be hitting its peak. Last year it was placed in the Liv-ex Power 100 Top Ten brands with the highest average Parker score and it looks like it will surpass that soon. The 2008 vintage was very challenging but due to the skill of the winemaker became the first since 1976 to be awarded the perfect 100 points not only by Robert Parker’s Wine Advocate but also by the Wine Spectator. Peter Gago, the head winemaker at Penfolds said “…in terms of ratings in the world of wine it really doesn’t come any better than such a score (100) in the Wine Advocate. It’s a bit like an Academy Award or a BAFTA.” This double accolade has only been bestowed before upon a particular wine 11 times in history so is a spectacular achievement and goes some way to explaining why Grange is the most iconic wine in Australia. For more information Click Here to download our buy recommendation
However great wines are sometime like buses, you wait ages and then two arrive at the same time. Penfolds have just released the 2010 vintage and by all accounts it is as good as the 2008. The 2010 marks the 60th vintage release of Grange and what better way to mark its diamond anniversary. Grange still remains a true jewel of southern hemisphere winemaking and the only true investment grade Australian wine. For more information click below.