2018 Bordeaux En Primeur Round-Up
With all the 2018 Bordeaux en primeur wines now released, Cru Wine is pleased to give you a round-up from this exceptional vintage. There are wines here for all tastes and budgets, please contact your Account Manager to secure your cases:
Liv-ex 2018 En Primeur survey
Continuing the theme of 2018 Bordeaux, each year Liv-ex surveys the international wine trade upon their return from tasting the new Bordeaux vintage in barrel. The survey is designed to track the consensus of opinion among the best professional tasters of young Bordeaux. Liv-ex membership numbers 430 of the world’s biggest buyers and sellers of fine wine. The top 10 wines from Bordeaux 2018, as voted by Liv-ex members, are shown in the table above.
In summary, the findings of the Liv-ex 2018 En Primeur survey:
- Lafite Rothschild is the wine of the vintage
- Branaire Ducru tops the value for money category
The vintage scored 95.5 points overall, slightly lower than the 2016 vintage (95.9)
Prices for top French vineyards rise again in 2018
Land prices in Burgundy once again make it the most expensive region in the world to purchase a vineyard. The figures from the French land agency Safer show that the total value of French vineyard deals totalled €844m in 2018.
Buying at the top: Most expensive French vineyards in 2018
- Burgundy grand cru: Maximum price €14.5m | Average price €6.25m
- Pomerol: Maximum price €3.6m | Average price €1.8m
- Burgundy premier cru, white: Maximum price €3m | Average price €1.59m
- St-Emilion: Maximum price €3m | Average price €270,000
- Pauillac: Maximum price €2.5m | Average price €2.2m
- Burgundy premier cru, red: Maximum price €2.25m | Average price €680,000
- Champagne, Côte des Blancs: Maximum price €1.8m | Average price €1.58m
Fine Wine Investment
There has been a fair amount of comment from the financial markets on the price of gold recently. The gold price has performed poorly for the last five years, when compared against other physical assets like wine. If you would like to know more about wine investment, please contact your Account Manager for more information.
English Wine Served alongside Lafite at Trump State Banquet
The President of the United States of America, Donald Trump, visited London earlier this month on a much-publicised State Visit to London. During the State Banquet at Buckingham Palace, five wines were served with dinner, with two of the wines coming from English producers. Alongside 2014 Windsor Great Park and Hambledon Classic Cuvée Rosé NV were a 2014 Chassagne Montrachet 1er cru Morgeot by Louis Jadot, 1990 Château Lafite, and Churchill’s 1985 Vintage Port.
With the rise of the UK wine industry both the royal family and British government have begun including English and Welsh wine into their wine repertoire. HRH the Duchess of Cornwall, is the patroness of the UK wine industry and president of the Wines of Great Britain association.
The business of choosing appropriate wines for visiting foreign dignitaries is a rather intriguing diplomatic undercurrent. Serving wines and other drinks perceived as ‘cheap’ can be perceived as a sly insult to the visitor and shaming for the host nation, while any host that neglects to serve some of its country’s own wines can bring down the wrath and ire of the domestic industry and suggestions of a lack of patriotic pride on the part of the government. Of course, with president Trump this conundrum is somewhat side-stepped by virtue of his being tee-total.
Sotheby’s Auction House Sold
Sotheby’s auction house, one of the world’s largest brokers of fine wine, art and jewellery, is returning to private ownership after 31 years. A $3.7bn takeover has been agreed with Patrick Drahi, the French-Israeli billionaire behind telecoms giant Altice.
Patrick Drahi, who is worth an estimated $9.3bn, is a long-time client of the auction house which has salesrooms around the world including in New York, London, Hong Kong and Paris. Sotheby’s was founded in London in 1744 and had been the oldest listed company on the New York Stock Exchange. It marks an interesting month for Sotheby’s whose Fine Wine auctions have reached USD65 million in the first half of 2019, an increase of 23% over the same period last year.
Investors in Fine Wine should always keep a close eye on auction performance – for certain wines, prices can be more favourable on exit and for a well-established collection it could be the most effective option to realise your cash.
Here at Cru Wine we recognise the value of having this option for our clients and have curated relationships with the nation’s top auction houses. If you have wine in your cellar that you would be interested in selling, please get in touch and we will explain the process and how it works.
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