Margaux_2015

Margaux 2015 has been released at €384 per bottle ex-negociant, up 60% on 2014 (€240). It is being offered by the trade at £4,260 per 12×75. This is 83.6% higher than the opening price for the 2014 (£2,320).

This price pitches it between the 2005, 2009 and 2010, and other vintages. Its critical acclaim clearly positions it among the “greats”.

The wine which was voted “wine of the vintage” by Liv-ex members has received consistently high scores from critics. It was among the seven wines awarded a straight 100 points by James Suckling who called it “the greatest Margaux ever made. More than perfection.” Neal Martin, who scored the vintage 98-100, called it “a final gift from a gifted winemaker”.

In his note, Martin advises: “Beg for a bottle and worry about the cost later.” Fans of this First Growth are likely to take heed.

Chateau Margaux returns

Margaux vintages have offered inconsistent returns historically. The 2009 and 2010 – first offered at £8,500 and £7,920 per 12×75 respectively – have lost the most value since release. Buyers of 2007 and 2008 have made the greatest gains so far.

Pavillon Rouge 2015

Pavillon Rouge 2015 was also released today. It came out at €102 per bottle ex-negociant, up 30.8% on the release price of the 2014. It is expected to be offered by the trade at £1,100 per 12×75. This is 45.5% higher than the merchant opening price of the 2014 (£756).

The ten most recent Pavillon Rouge vintages are priced within a tight range of £892-1,205. The 2015 is positioned around the middle of this, and is at the same level as the 2010.

The second wines of First Growths are currently in demand. The Second Wines 50 – a sub-index of the Bordeaux 500 – has been the strongest performer over one year, gaining 13.5%.

As the chart below shows, buyers of Pavillon Rouge have seen positive returns on nine of the past ten vintages.

Pavillon Rouge Returns