L’Evangile 2010 Falls to Lowest Level Since Release on Liv-Ex

Twelve bottles of the 2010 wine of Chateau L’Evangile, in the Pomerol region of Bordeaux, sold for 1,820 pounds ($2,780) a case on London’s Liv-ex, the lowest level since it started trading as futures in June 2011.

The transaction on Aug. 2, involving bottles packed as two half-cases, was priced 13 percent below the previous comparable trade in May and down from levels between 2,067 pounds and 2,306 pounds a case in June 2011, according to data on Liv-ex’s Cellar Watch website.

The 21 percent drop in the 2010 vintage of L’Evangile from its June 2011 peak is less than the 30 percent decline in the Liv-ex Fine Wine 50 Index over the same period. While Bordeaux wines generally have slipped in the past four months during the sales campaign for the region’s 2012 vintage, prices are now showing more stability, both on Liv-ex and at auction.

“The market remained tranquil, even lethargic, with exchange turnover flat on June,” Liv-ex said in its monthly market report last week. “With much of the trade away, and many disinclined to take a view, the Liv-ex indices drifted lower.”

The 2010 L’Evangile is the estate’s second-most expensive of the past 10 years, lagging only the 2009 vintage, according to merchant data compiled by Liv-ex, and was rated 98+ on a 100-point scale by U.S. critic Robert Parker.

The estate, on the right bank of the Dordogne, traces its history back to the mid-eighteenth century. It was acquired in 1990 by Domaines Barons de Rothschild (Lafite), which also owns Chateau Lafite-Rothschild and neighboring Chateau Duhart-Milon in Pauillac as well as Chateau Rieussec in Sauternes and vineyards in southern France, Chile and Argentina.

L’Evangile’s vineyards cover 16 hectares (40 acres) in Pomerol, close to Chateau Petrus and Chateau Cheval Blanc, and the wine consists of between 80 percent and 90 percent Merlot and the remainder Cabernet Franc. It also produces a second wine, Blason de l’Evangile.

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