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Bordeaux 2020 “ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates” according to Bordeaux grower, winemaker and writer, Gavin Quinney. He summarises everything you need to know about this year’s harvest.
Nine years ago, Robert Parker unveiled the twenty Bordeaux wines he would be tasting at Winefuture in Hong Kong. Dubbed “The Magical 20”, these wines, as described by Parker were from “estates that produce wines of first growth quality, although not technically first growths”. For him, these were consequently “under-valued and very smart acquisitions”.
The Union Des Grand Crus De Bordeaux are holding their annual tasting today and tomorrow in London, presenting the wines of the 2018 vintage.
Bordeaux, a region with a strong following globally but particularly amongst Chinese buyers, continues to dominate – Lafite Rothschild and Mouton Rothschild remain firm favourites. But as the market has continued to diversify, wine merchants in Asia have been increasingly embracing wines from Italy, Champagne, and the Rest of the World (which hit a record market share in August this year), with Sassicaia, Opus One and Cristal making an appearance in the top twenty.
There is a long list of factors that influence the price of wine and, in some cases, make it investment-worthy: current market strength, the region, the popularity of the producer, critic scores, the general appeal of the vintage, scarcity, age, history, branding and more...
Bordeaux’s pricing of new releases has historically shown little correlation to the movements of the physical market. Release prices have instead been influenced by quality and quantity considerations and the critical view.
Bordeaux remains the cornerstone of the world of fine wine, but if your cellar is no longer packed full of Bordeaux, you’re not alone.
The impact of the Coronavirus on the world economy and finance can also be seen strong in the Liv-Ex indexes, which accelerate a downward race already seen throughout 2019 and in the first weeks of this unlucky 2020.
Italy and Champagne offer the best investment opportunities; the ever-strong demand for iconic Burgundy labels will lead to growing interest in second-tier producers and the region’s most promising companies.
By any stretch of the imagination Sassicaia 2017 is a remarkable achievement – born out of some of the hottest temperatures ever recorded in Tuscany and yet being a wine of great freshness, elegance and precision.