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UNCORKED

28 days later

by | May 7, 2018

Uncorked

28 days later

by | May 7, 2018

Four weeks ago, in our first guest post, I was about to head to Bordeaux, with WineOwners.com founder and CEO, Nick Martin. We promised to report back with our views on what’s hot and what’s not. Et voilà…

For six days in early April, Nick Martin and Jonathan Reeve abandoned the relative safety of Wine Owners’ HQ and headed to Bordeaux, to tackle several hundred young (unfinished) Bordeaux wines of the new 2017 vintage. Bristling with tannins, these wines were as primal and raw as they will be at any point in their life. Top-end Bordeaux wines are extremely structured (charpenté), full of acidity and tannins. They’re built for the long haul, not for early consumption. Most of the 2017 we tried won’t be drinkable for another six years at least. When we tasted them they were just six months old.

The goal of this apparent masochism? To evaluate the future quality of the 2017 Bordeaux vintage, and the investability of its top wines. Below are a few top wine investment tips we’re happy to share with you. For finer-grained commentary, and up-to-date information on the current en primeur campaign, try one or more of the below.

  • Follow us on Twitter
  • Skim-read our article on: Protoprices
  • Call our office and ask for James Sowden: +44 (0)20 7278 4377.

Crown Jules

While in Bordeaux, I hunted for patterns – something on which to build en primeur purchase recommendations. It wasn’t until day three that something useful emerged…

At a collective tasting of Saint-Julien wines, hosted by Chateau Beychevelle in their super-modern winery, we noticed a clear pattern in the fifty-or-so wines: consistent quality. There didn’t seem to be a dud among them. Saint-Julien was the first appellation where quality seemed reliably high across all the wines we tasted. Other appellations were patchy, and required a lot of work to separate out what was hot and what was not.

What’s our tip here? Invest in Saint-Julien 2017 and you probably won’t be disappointed. For a higher-end, investment grade wine, look for anything with either Barton or Leoville in the name: Leoville Barton, Langoa Barton, Leoville Las Cases, Leoville Poyferre. For excellent value, we found Chateau Lagrange to be both under-rated and under-priced. In a blind tasting of the five 2008 Bordeaux wines, Chateau Lagrange came out victorious, against some pretty expensive competition. If the 2017 is anything like as good (which it seemed to be), it’s worth looking at.

©Jonathan Reeve / Wine Owners – Saint-Julien shone through in 2017

Estephe Up From The Rest

Further up the Medoc peninsula than Margaux, Pauillac and Saint-Julien are the village and vineyards of Saint-Estephe. Although Saint-Julien seemed the most consistent, reliable source of quality, Saint-Estephe offered a handful of excellent wines both for drinking and investing. The village’s three most expensive wines – Chateau Calon-Segur, Chateau Cos d’Estournel and Chateau Montrose – comprise a neat trio of investment wines, whether for long-term cellaring or for pure investment.

Calon-Segur – Stood out among the exceptional wines of our 2017 en primeur tastings. Since 2014 (when new wine director Laurent Dufau took over) the Calon-Segur house style leans very much towards the ‘pretty’; these are elegant, fine wines focusing on very pure, plush red-fruit and cassis flavours. This approachable style makes Calon-Segur the wine of this trio which will give the most immediate return on your investment. It will be an attractive prospect for your own enjoyment, and the enjoyment of potential buyers, six or seven years from now. Of course a wine made this well will continue to evolve and gain interest for another fifteen years after that.

Cos d’Estournel – Offers a generous compromise between the other two; darker-fruited and slightly ‘inkier’ than Calon-Segur, but not as restrained or serious as Montrose. Julia Harding MW describes the 2017 wine as having “lightly charry…extremely pure cassis…but without excess richness.” My own notes add “classic Bordeaux tinges of graphite and cedar…super-clean mouthfeel…really elegant, without being at all lightweight”.

Montrose – A long-lived wine, made in a relatively conservative, refined style – both qualities reinforced in this tasting note from JancisRobinson.com “…supple, refined, juicy and long. Not opulent but not at all dry. Should have a long drinking window (2025 to 2045). 17.5 pts”. My own tasting note mentions “a herbal note, like nettle, thyme and lemon verbena”. The USP for Montrose is that it will remain an attractive prospect for five or ten years the other two have passed their peak. Our suggestion would be to buy two cases of each wine; one for gradually drinking, the other for longer-term ageing or selling depending on how the drinking case evolves.

©Jonathan Reeve / Wine Owners – Chateau Montrose 2017 has a long future ahead of it

Right Bank Stars

Over on the right bank (i.e. Saint-Emilion, Pomerol and Fronsac), we found less consistency of quality between the wines than we’d seen in the Medoc. A few stars stood out though.

Chateau Soutard – For a younger-drinking wine at a more accessible price, we spotted Chateau Soutard (Saint-Emilio Grand Cru Classé) standing out from the crowd. In 2017, frost-damaged Cabernet vines forced the Soutard winemaking Soutard to boost the Merlot component in their blend to 90%. The result was excellent; a much more supple wine than many from that region, including wines which will cost several times as much.

Chateau Gazin – An even more pronounced Merlot boost happened in the cellars of Chateau Gazin (Pomerol). Although their vineyards were untouched by frost, the team there nonetheless felt that their Cab Franc wasn’t quite up to scratch in 2017. They boosted their blend up to a fat 95% Merlot, resulting in a 2017 wine with a silky mouthfeel, great balance, and an enticing touch of kirsch dancing around on the nose. At around £60, Gazin is about twice the price of Soutard, but it is a different proposition in terms of class, longevity and tradeability.

Le Pin – It almost feels like cheating to say that sexy, super-expensive Merlot-based Le Pin (Pomerol) is extremely good. When a wine costs two thousand pounds per bottle, it would be a worrying to hear that it was anything but. But there is value to mentioning this wine here. If you haven’t tasted it, or seen what its market value does after release, take my word for it that both are spine-tingling.

Meeting the man who makes Le Pin, Jacques Thienpont (photographed below), was equally impressive. Not a whiff of arrogance or snootiness about him; a humble gent. The message here? If you can talk your way into getting an allocation of Le Pin 2017, buy two cases, and send one of them to me care of WineOwners HQ.

©Jonathan Reeve / Wine Owners – Jacques Thienpont – A gent as approachable as his wine

About Jonathan Reeve

About Jonathan Reeve

Jonathan Reeve is our guest contributor from Wine Owners (www.wineowners.com), the fine wine collection management and investment platform based here in London. Jonathan came to Wine Owners in January, after eight years at the world's largest wine website and search engine, Wine-Searcher.com, where he wrote a 5000-page wine encyclopedia and went on to manage the company's market data channel. His academic background is in Linguistics (BA, Durham) and the Scrabble-worthy "Lexicography & Lexical Computing" (MSc, Information Technology Research Institute). When not poring over wine investment charts, or writing wine-related content, Jonathan can be found working on the website at WineOwners.com.

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