Things are heating up today with the release of Pontet Canet 2009 – the first of the potentially perfect wines and arguably the most eagerly awaited release we’ve seen so far. The 2009 was released at €72, up 67.4% on 2008 (€43 p/b) and 53.2% on 2005 (€47 p/b). Though this may seem steep, the price is perhaps lower than some market commentators were predicting and it seems sure to be in high demand.
The 2009 has already traded on Liv-ex at a touch over £900. Back vintages have also seen strong trade, with 2003, 2006 and 2008 all trading at new highs. The '08 vintage benefitted from the biggest uplift at £695, gaining £100 on the price it traded for only yesterday. And judging from the sudden swell in prices, £700 now appears to be the benchmark for a good vintage.
Given the high price of 2009 as well as the rise in back vintage prices, has Pontet now firmly positioned itself as a Super Second?
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