The highly acclaimed 2009 vintage was released when the market was approaching its peak. Prices were high, but the En Primeur campaign was successful. Distribution was spread far and wide: everyone wanted to get their hands on a vintage which Robert Parker suggested “may turn out to be historic” during his in-barrel tastings. No fewer than 21 wines were awarded potential 100-point scores, and 19 wines received them once in bottle. Parker confirmed that “this is unquestionably the greatest Bordeaux vintage I have ever tasted”.

So what happened to the 2009 prices when the Bordeaux market began to fall? Below we have looked at three groups of wines: the First Growths, 17 of Parker’s 100-point wines (excluding First Growths) and Parker’s Magical 20, which was inspired by the 2009s. The latter two groups have five crossovers (Clos Fourtet; Cos d’Estournel; Leoville Poyferre; Pontet Canet; Smith Haut Lafitte).

Bordeaux_2009s

Following release, prices did very little. The 2009s were released at unprecedented levels, restricting their ability to make further headway despite the market’s bull run. In March 2012 in-bottle Parker’s scores were released, and while the First Growths continued their descent, both the 100-point wines and the Magical 20 shot skywards. The sheer number of 100 point scorers meant that buyers could own the best of a great vintage without having to pay First Growths prices. Owners of these wines are still in the money despite the Bordeaux 500 dropping 21% and the Liv-ex 50 dropping 40% since peak.  

Nevertheless, they are off peak levels, which might present opportunity to those who are yet to own Parker’s favourite vintage. For example, Leoville Poyferre – both a 100 point wine and one of the Magical 20 – is off 20% since peak. With a market price of £1,440, this is the cheapest 100-point wine from Parker's favourite Bordeaux vintage that money can buy.

NB The chart in this blog was created using Cellar Watch – Liv-ex’s subscription service for consumers. To find out more, click here