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Margaux 2015: ‘wine of the vintage’ released
The ‘wine of the 2015 vintage’, Château Margaux, has released at just over £4,000 a case and merchants expect “significant demand”.
The wine received a rapturous reception from critics after the tastings this April, garnering 100 and potential 100-point scores from Neal Martin and James Suckling, 19 from Jancis Robinson MW and it was voted ‘wine of the vintage’ by Liv-ex’s international members.
It has released at €384 per bottle ex-négociant, a 60% increase on the 2014 opening price of €240 p/b.
Giles Cooper at BI said: “It would have been ideal to get under £4,000 but it’s still 25% less than the 2010, 22% less than the 2009 and 18% less than the 2005 – for possibly the greatest Margaux ever made. We expect significant demand…”
The view was repeated by Berry Bros & Rudd’s fine wine director, Max Lalondrelle, who said that with the critical reception it had received and the good discounts to other top vintages it should to do well.
“I am not sure all the other first growths can command this kind of prices for 2015,” he warned, “but Margaux and the Margaux appellation has done very well this year so this should sell without too much problem.”
Goedhuis’ buying director, David Roberts MW, praised Margaux’s owner, Corinne Mentzelopoulos, saying she had, “listened to the market and released one of the finest vintages of Château Margaux – the great Paul Pontallier’s last, and the 200th anniversary wine – at a very sensible and fair price. Stock will certainly be hard to come by and this is unquestionably one of the wines of the vintage.”
Liv-ex notes that Margaux has tended to offer “inconsistent returns historically”, not least the 2009 and 2010 vintages which, while still more expensive than the newly released 2015, have fallen some way from their peak.
Nonetheless, fans of the estate will no doubt heed the offers coming in from merchants to buy while there’s still a chance. ‘Beg for a bottle and worry about the cost later,” as Martin advised in his vintage report.
Second wine, Pavillon Rouge, was also released at €102 p/b ex-négoce.