Cru Wine Investment newsletter of March 2017

29-Mar-2017


Cru Wine Investment newsletter of March 2017

Welcome to the Cru Wine Investment March 2017 Investment update

Fun Fact of the Month

Chateau d’Yquem produces only one glass of wine per vine.

(The average in Bordeaux is around half a bottle of wine per vine)

Dear Gregory Swartberg,

 

We are very excited to host a private fine wine tasting at the private members club, 39 Monte-Carlo, on the 13th of April. Clients only. For all of our upcoming events, see our events page: http://cruwineinvestment.com/events/

 

Market update

The Wine Market continues to show promise in 2017. The Liv-ex Fine Wine 100 Index climbed +1.7% in January and February, whilst trade-wide positivity remains of a strong year to come. The annual Liv-ex member’s survey of expectations for the year indicates the trade predict the year closing healthy +7.8% above January start.

Bordeaux remains the key source of market interest, accounting for 68.7% of all Liv-ex trades during February. Strong performers include the continually undervalued Lafite 2014, Lynch Bages, Angelus and Latour.

Latour received an enhanced footing on the market with the property continuing their annual library release. The 2005 Grand Vin of Latour and second wine, Forts de Latour 2011, were released onto the market in the first week of March. Forts de Latour has been priced sensibly in an underrated vintage. However, with the release price for the Grand Vin appearing high, it is to be seen whether there is relative value to be found.

Next week sees the the beginning of the exciting annual Bordeaux en-primeur campaign. As per our annual visit, we will be attending to taste and identify the jewels of the new vintage. The 2016 vintage appears to offer high hopes, in another seemingly superb vintage. James Suckling is the first key critic to release his thoughts on the vintage and his initial scores. Noting that “2016 is an exceptional vintage equal to the exquisite 2015,” it seems Bordeaux has – and we have – been fortunate enough to realise two wonderful vintages in quick succession. Suckling’s tasting of 45 top wines resulted in a more-than-impressive average score of 96.3 points (compared to 95.5 for 2015). We expect that prices will be increasingly significantly. This is likely to have a significant, positive impact on the 2014 and 2015 vintages that many of our clients hold.  We will update you on our opinions of the 2016 vintage in May.

In the meantime, our focus remains primarily on the strong and, in notable areas, relatively keenly priced 2012, 2014 and 2015 vintages, which we believe continue to offer the best possibility of reward.

For further information, please email info@cruwineinvestment.com

Kind regards

The Team at Cru Wine Investment

CWI performance January 2017 copy