Chateau Montrose 2010 Rallies From Six-Month Low to Reach $2,150Guy Collins
Five cases of the 2010 vintage from Chateau Montrose, a Bordeaux wine estate in Saint-Estephe, sold for 1,416 pounds ($2,150) each on the London-based Liv-ex market yesterday, rallying from a six-month low reached in June.
The sale was 2 percent above the mid-June level of 1,389 pounds, to which the vintage declined after a three-month slide from its record 1,603 pounds a case in March.
The Liv-ex Fine Wine 50 Index tracking top Bordeaux vintages has risen 4 percent this year, gaining in the first two months and then falling during the second quarter as older vintages including the 2010s competed with a sales campaign for new wines.
“Bordeaux 2010 remained a focal point” Liv-ex said in its monthly report published this week. “With an abundance of supply, and some merchants looking to raise capital, the vintage has been under pressure, creating buying opportunities.”
Chateau Montrose has been owned since 2006 by French construction and media moguls Martin and Olivier Bouygues, who run Paris-based Bouygues SA. The estate is ranked as a second-growth vineyard in the 1855 Bordeaux classification, putting it among the top 20 in the Medoc region.
Montrose 2010 traded at 1,500 pounds in June 2011, soon after it went on sale, and dropped as low as 1,161 pounds in February the following year before recovering.
The 2010 Montrose is the estate’s third most expensive vintage of the past decade, lagging the 2009 and 2003 wines, according to merchant prices collated by Liv-ex. It scored 99 points out of 100 from U.S. wine critic Robert Parker, making it the third-highest rated of its wines over the past quarter-century, behind only the 2009 and 1990 vintages.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.