Several Pavillon Rouge vintages have recently traded higher than during the bull market of 2009-11. On Friday, the 2008 traded at £1,600 per 12×75, 2% above its 2011 peak. It has been climbing steadily since the beginning of 2016.
This is in spite of several mediocre critic scores. The wine received 88 from Robert Parker who downgraded it from a barrel range of 90-92, noting that it “didn’t show quite as well as [he] had hoped”, but describing it as “elegant” nonetheless.
The first wine from the same year, Margaux 2008, remains 34% off peak.
Pavillon Rouge 2010 – bouncing back
Pavillon Rouge 2010 also witnessed an important moment last week. On Thursday, it traded for £1,495 per 12×75. This is the first time that the wine has traded above its En Primeur release price of £1,450. It is currently bid at £1,480.
Margaux 2010 last traded at £6,385, 20% below its release price.
Other Pavillon Rouge vintages to recently rise above bull-market highs include the 2006 (£1,500) and 2007 (£1,575).