Talking Trade – September releases in full swing

La Place de Bordeaux picked up this week with the Monday release of Opus One 2017. The wine was offered by the international trade at £2,740 per 12×75, a 6.8% decrease from the 2016 opening price (£2,940). The following day Masseto 2017 released, at £5,400 per 12×75, down 10% from 2016 and merchants are reporting a slurry of demand for the wine. A secondary market has already developed at a 13% premium to release price.

The 100-point Latour 2009 was re-released from the cellars of the estate and offered at £10,300 per 12×75, a 6.4% discount to the original release price (£11,000) but a 10.7% premium to the wines current market price (£9,300). Initially awarded 100 points by Robert Parker the score was reaffirmed seven years later by Lisa Perrotti-Brown who too found perfection.

Another notable release was Beaucastel Chateauneuf Du Pape Hommage J Perrin 2018, at £2,700 per 12×75, a 15.6% decrease from 2017 (£3,200). Last of the week was Solaia 2017, which released at £2,055 per 12×75, down 2.1% on the 2016 opening price (£2,100).

While eyes were on a range of new releases from beyond Bordeaux (40.3%) the region itself posted one of its best weeks of the past few months. Burgundy (18.5%) was able to maintain its previous weeks share, while the remaining regions, Champagne (4.5%), Italy (19.0%), Rhone (3.5%), USA (8.1%), and Others (6.1%) all drifted.

Petrus Pomerol 2015, 2016 and 2017 topped the list of most traded wines by value this week. The 2015 and 2016 vintage were awarded 100 points by the Wine Advocate and for that command a hefty premium over wines that don’t quite reach the triple-digit score – roughly £10,000 per 12×75, seen below. Petrus 2017 however, is somewhat of an anomaly and sits at a significant discount to the identically scored albeit much older, 2005.

Opus One Napa Valley Overture 2019 made the list having just released at £1,180 per 12×75. It trades at a 60% discount to the estate’s flagship wine.