pursuits

Chateau Angelus 2008 Falls to Two-Month Low of $2,500 on Liv-Ex

Two cases of Chateau Angelus 2008, a Saint-Emilion wine estate promoted to the region’s top status of Premier Grand Cru Classe A last year, sold for a two-month low of 1,600 pounds ($2,500) each on London’s Liv-ex yesterday.

The price was 11 percent down from the peak of 1,800 pounds a case touched on Liv-ex in both February and April, and above the 1,550 pounds at which it traded on Feb. 27, Liv-ex data showed. The 2008 wine is cheaper than Angelus’s two subsequent vintages in merchant listings, but more expensive than its 2011s, according to data on Liv-ex’s Cellar Watch website.

Chateau Angelus was promoted along with Chateau Pavie last year, joining Chateau Ausone and Chateau Cheval Blanc in Saint-Emilion’s top tier of wine producers. The new rankings replaced a classification in force since 1996.

Angelus and Pavie both priced their 2012 wines last month at 180 euros a bottle ex-Bordeaux in the futures market, or 2,160 euros ($2,850) a case, according to data compiled by the London-based Liv-ex market. The price represented a 30 percent increase by Angelus and a 58% jump by Pavie from their 2011 prices, the data showed.

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