It’s been another enthralling week of fine wine tastings at AWC Wine Academy. On Tuesday, we enjoyed some breathtaking Grand Cru Burgundies. On Thursday, it was the very finest of Bordeaux, where we compared the likes of Pétrus, Latour, Haut-Brion and Cheval Blanc. As the saying goes, it’s a tough job, but someone has to do it!

Our primary interest was in conducting a head-to-head tasting of the best estates from the Left and Right Banks of Bordeaux. The plan was to do this with eight wines, in four vintage pairs, followed by a final mystery wine. For this event, we were delighted to welcome several of our top clients alongside a number of American Express International Currency Card and Centurion cardholders. The knowledge of the attendees and the quality of the wines being served promised to make this our most impressive tasting yet.

In addition, we were delighted to welcome back wine writer (and co-founder of the International Wine Challenge), Charles Metcalfe as our host. Charles had already proved his mettle by hosting our magnificent 1990 Bordeaux retrospective a few weeks prior. On this occasion however, Charles wasn’t the only wine writer in attendance. I was particularly pleased that Robert Parker’s UK colleague Neal Martin was also able to join us. I’m a great admirer of Neal’s writing and his palate is top notch. I’m certainly looking forward to reading his new book on Pomerol, which he has just completed, when it is published in September 2012.

Above: Journalist Neal Martin and Account Manger Lucy McMillan discuss the upcoming wines.

One of my definitions of truly fine wine is that it doesn’t just engage and intrigue our palates; it must also engage our intellect. This process of engagement is something we strive for at all Wine Academy tastings as we find it is integral to both understanding and enjoyment. It is important that wine tasting be both fun and interactive so that people leave with smiles on their faces, having been entertained just as much as they have been informed.

Our primary technique for getting people involved is to put them into teams and to encourage them to taste the wines blind. We taste wines blind for a number of reasons. First and foremost, not knowing what the wine is in advance removes any pre-existing prejudices that could easily influence the way we regard and rate particular wines. Additionally, because tasting wines blind is more challenging, it is also much more fun!

Above: Purchasing Manager Berenger Piras pours the wines.

Moreover, putting people into competitive teams adds immeasurably to the atmosphere of the evening and is something people invariably enjoy. This promotes inclusiveness and, as a result, tasters tend to ask more questions and become more involved. As a result, they often learn more too – almost without even realising they’re absorbing the information.

Charles began with a short, insider’s guide to the key differences between the Left and Right Banks and how those differences influence both the flavour and structure of the wines. On the Left Bank, the wines are generally dominated by Cabernet Sauvignon, thanks to the prevalence of gravelly soils in the region which allow the variety to thrive. On the Right Bank however, Merlot is more common and it tends to do well on the heavier, clay-based soils.

However, as Charles pointed out – there are always exceptions. In Saint-Émilion for example, there is still quite a bit of Cabernet Sauvignon planted in its cooler soils. Additionally, at the likes of Château Ausone and Château Cheval Blanc, significant quantities of Cabernet Franc make it into the final blend.

Above: Charles prepares for his lecture.

The first two wines set the standard for the evening. Wine one was a stellar 2004 Château Margaux from the Left Bank, which was both magnificent and completely true to its trademark, elegant style. As Charles pointed out, the First Growth was, “perfumed, graceful and classical; everything good Margaux should be all about.” I noted lovely cassis fruit, finely tuned acidity and supple tannins from this underrated vintage. 93 Points.

The Right Bank counterpart (wine number two in this pair) was the 2004 Château Angelus. Somewhat counter-intuitively, this was darker and deeper in colour than the Margaux, with more tannin and grip on the palate to match - which is perhaps why some tasters mistook this for the Left Bank wine of the pair. Whilst I enjoyed Hubert de Bouard’s 2004 Angelus and rated it 91 points, personally, I think it needs a bit more time in bottle.

I wasn’t the only one who preferred the Margaux over the Angelus. When we took a vote on which of these wines people preferred, Margaux was the favourite by a nearly 2 to 1 margin. In total, 19 tasters chose it versus just 10 for the Angelus. At this early stage of the competition, Team Latour (perhaps aided and abetted by Senior Client Relationship Manager, James Woodhead), had swept into an early lead by correctly identifying both the vintage and the respective origins of both wines.

The next pair presented a bit of conundrum. Wine three was revealed to be Gerard Perse’s 1998 Château Pavie, a Saint-Émilion Grand Cru. The estate is a favourite of Robert Parker and he rated this wine 95 points, while predicting that it will last for at least 50 years. High praise indeed, yet not without appropriate basis - you can see exactly where he’s coming from when you taste this wine. Again, much like the 2004 Angelus, this was deep, tannic and powerfully extracted, with fabulous flavours of black cherry fruit. 94 Points.

Of course, 1998 was correctly regarded as a great Right Bank vintage. Unfortunately, that means that many Left Bank wines from the year are regularly overlooked. The magisterial 1998 Château Latour, wine number four, ideally proved the point – these 1998 Left Bank wines are not to be missed! This Latour was commanding, powerful, beautifully delineated and exquisitely balanced, with lovely fruit, cedar, minerals and a terrific amount of length. 95 Points.

As many people pointed out, the Pavie improved considerably in the glass – it clearly has a long life ahead of it. However, the overriding consensus was in favour of the Latour. It just pipped the Pavie by 11 votes to eight with the remainder of tasters undecided.

By now, all the teams were warming to their tasks as the competition heated up and the quality of the wines was increasing in kind. The next pair was simply stunning and it began with a 1996 Château Pétrus. This was a gem of a wine, with poise, power, brooding black fruit, lovely sweetness and that tell-tale spiciness that so often characterises great Pétrus. I rated it 97 points. Paired with it was the 1996 Château Haut-Brion which was a lovely contrast. The Haut-Brion was more evolved and had more smokey and savoury notes. It was also lighter in body, with finer grained tannins and flavours of liquorice root, cigar box and creamy cassis. 95 Points.

It was a tough call between these two wines. The Pétrus was just slightly preferred and it won-out with 11 votes against 10 for the Haut-Brion. Significantly, put perhaps not surprisingly, it was also voted the wine of the night, just edging out the Haut-Brion which came in second overall. Meanwhile, in the team competition, the Lafite table was challenging Latour as they correctly nailed both the vintage and the respective region of origin.

The last pair of wines hailed from the 1995 vintage and did nothing to tarnish the extraordinary levels of quality tasted thus far. First up was Pierre Lurton’s stunning Château Cheval Blanc. Beautifully crafted, with an almost unimaginable purity of fruit, this was benchmark Cheval Blanc at its elegant best. While drinking beautifully now, this will also age and improve for many years to come. 98 Points.

Paired against it was a much more intense Château Mouton Rothschild which was both rich and powerful. It brought an interesting sensation of total completeness with it. The firm and beguiling structure had notes of cured meat, Morello cherry, dark soy and black olives set atop the tannic framework. 94 Points.

So, which wine went down as the best from this final Left versus Right pair? The answer from the very enthusiastic and increasingly competitive audience was the Cheval Blanc, by a hair – just 10 votes to 9. Meanwhile, the team competition was also down to the wire and was only decided in the final round, with Team Latour sealing an impressive victory over Team Lafite.

However, neither the evening’s wines nor the competitive elements were quite done and dusted. What remained was an individual, blind tasting round of the ‘Wine Options’ game. The wine in question was revealed to be an older vintage of Château d’Yquem…but which vintage?

By process of elimination, the triumphant taster eventually emerged, to great applause from the attendees, and was rewarded with a half bottle of the wine in question - a sumptuous, honeyed, marmalade-laden, richly-textured 1983 d’Yquem which I rated 97 points.

Above: A taster admires the evening's wines.

Once again, it was quite a night at AWC Wine Academy. Great wines, great people and great fun. What more could you possibly want?

At the end of this remarkable evening we took a vote on which were the top wines of the night. Here are the results: [Please note that all of these wines are available on request from The Antique Wine Company]

- 1st Place -
1996 Château Pétrus – Enquire for pricing
- 2nd Place -
1996 Château Haut-Brion - Enquire for pricing
- 3rd Place -
1995 Château Cheval Blanc - Enquire for pricing
- 4th Place -
1998 Château Latour - Enquire for pricing

For each paring, here is how the voting tallied up:

Pair 1 – 2004 Château Margaux: 19, 2004 Château Angelus (Enquire for pricing): 10

Pair 2 - 1998 Château Pavie (Enquire for pricing): 8, 1998 Château Latour: 11, Undecided: 8

Pair 3 - 1996 Château Haut-Brion: 10, 1996 Château Pétrus: 11, Undecided: 8

Pair 4 - 1995 Château Cheval Blanc: 10, 1995 Château Mouton Rothschild (Enquire for pricing): 9, Undecided: 10

We look forward to welcoming you into the Wine Academy in the coming months, whether for another exceptional night of Bordeaux, for your own private tasting or for one of the other exciting events we have planned.

To join us for a tasting or to reserve the Wine Academy for yourself, please visit - http://www.awcwineacademy.com - or contact Deborah Ives on +44 (0) 20 3219 5560.

To purchase any of the wines which were covered in this particular tasting, please contact one of our staff wine experts.

Recently, many of my favourite wines have come from the stellar, 1990 Bordeaux vintage. Having opened and enjoyed a great number of 1990 bottles over the past year, there is no doubt in my mind that the vintage has now hit full stride. At the moment, these wines are providing enormous drinking pleasure.

As wonderful as they are individually, enjoying these wines alone cannot replicate the focus and feedback provided by a dedicated, horizontal overview. Tasting a wider range of wines, from both the Left and Right Banks in a single sitting, allows for a more comprehensive look at the entire vintage.

Therefore, it is no wonder that I was so looking forward to our most ambitious tasting at AWC Wine Academy yet – a 1990 Bordeaux Retrospective – hosted by writer and broadcaster Charles Metcalfe.

Of course, 1990 was the third ‘great to excellent’ vintage in a row in Bordeaux (not unlike the most recent trio of 2008, 2009 and 2010). It was also a very dry, warm year and, as Charles reminded us, July and August were extremely hot and sunny. In fact, July was the hottest it had been since 1949 and August was the sunniest since 1949.

Above: The line-up of 1990 Bordeaux.

As a result, by the end of August, some vines were so stressed from the lack of water that they started to shut down. However, necessary relief arrived with some September rains and the ripening process resumed. A further downpour on October 7th prompted some to pick sooner rather than later. However, those who waited were richly rewarded. Once again, fortune favoured the brave.

We began the evening on the Right Bank with the 1990 Château Gazin. This highly respected estate is tucked up into northeast corner of Pomerol where its nearest neighbours are none other than Château Pétrus and Château Lafleur! At 24 ha, it is also one of the biggest estates in Pomerol. For the quality it provides, it remains one of the appellation’s best values. Here the soil is predominantly clay, which is extremely useful in hot vintages like 1990 because it retains more moisture and remains cooler. Further, as this is on the Right Bank, we are firmly in Merlot territory. Gazin regularly contains as much as 90% Merlot to the final blend, with the remainder comprised of Cabernet Franc. As a testament to the quality of the terroir here, in the past, Château Pétrus actually purchased some of Gazin’s vineyards and integrated them with their own.

Arguably, the turning point in Gazin’s recent history occurred in 1988 when the present incumbent, Nicolas de Balliencourt took over management of the estate. Just in time too, as the impressive 1990 vintage was right around the corner. The 1990 Gazin was sweet, soft, plumy and savoury, with hints of tobacco leaf and some sous-bois maturity - just as one would expect. To me, this wine was evolved and drinking beautifully. Elegant, refined and possessing surprisingly good acidity, the tannins here were also notable in how deliciously soft they were. 93 Points.

Above: Charles Metcalfe was our expert tutor for the evening.

The next wine was the 1990 Château Calon-Ségur. The 3rd Growth estate sits at the far, northern edge of St-Estèphe and for many years it was run by the redoubtable Denise Capbern-Gasqueton, who was quite the character. Mme Gasqueton unfortunately passed away in September of this year. However, the estate is now managed by her two daughters and they are doing a wonderful job. Perennially known for its fabulous, long-lived wines, the individual now responsible for carrying on Calon-Ségur’s winemaking traditions is Vincent Millet, who took over chief production duties in 2006.

As many of you will know, the wines of St Estèphe have a reputation for being tough and tannic, particularly in their youth. Now at 21 years old, this perfectly-aged Calon-Ségur had shed its youthful exuberance and had become the exact opposite. Fully mature, it was sleek and sensuous with a slightly smoky character. There were still some excellent, primary black fruit flavours remaining - mainly cassis and mulberry - as well as some lovely sandalwood notes. Secondary and tertiary flavours were also coming through with hints of earth, mushrooms and undergrowth, all of which added to the impressive complexity. This wine was exquisitely balanced, with ripe tannins and a generous finish. 92 Points.

From St-Estèphe we headed south to the commune of Pauillac and another rising star of the Médoc, Château Grand-Puy-Lacoste, which is owned by the charming Francois-Xavier Borie. I’ve always loved GPL, as it can offer tremendous value for the quality it provides. While it has showed top form over recent vintages, the question was whether the 1990 would showcase the same level of excellence?

The answer was a resounding affirmative. In terms of pure quality to price ratio, the 1990 GPL absolutely stole the show. For a start, the colour was still impressively deep and it had an incredibly intense nose – with notes of tar, black cherries and cream. On the palate, the fruit was still redolent of blackcurrants, with firm tannins that were only just starting to yield a bit of grip. Compared to the Gazin and the Calon-Ségur, this was showing more concentration and staying power. I think this wine will continue to improve and be delicious for at least another decade. This was an astonishing effort which was well worth a score of 95+ Points.

Above: Wine Academy Assistant Valeria Rodriguez refills glasses at the Haut-Brion table.

We then took a short jump south to St-Julien and a real Left Bank legend - Château Léoville-Las Cases. Owned by Jean-Hubert Delon and managed to his exacting standards, we all had very high expectations for this superb, ‘Super Second’ estate. We certainly were not disappointed. The 1990 Las Cases continues to march on with vim and vigour. At first the nose was a bit tight, but it opened up spectacularly as the wine developed in the glass. The palate exuded class and concentration with cedar, cassis, blackberry and lead pencil shavings. The texture was plush and pure, with supremely elegant and refined tannins. The length was beyond description. This is benchmark claret from a great terroir and a great vintage. What more can you ask for? 97 Points.

How do you top a wine like the 1990 Las Cases? With a classical First Growth like Château Haut-Brion, that’s how! While the 1989 Haut-Brion is undoubtedly a legend (repeatedly rated a perfect, 100 points), on the strength of this tasting, so is its younger sibling. The 1990 is now approaching its prime and it is providing enormous drinking pleasure. The colour and freshness belied its age, suggesting the wine has plenty of stuffing left to last it for the long haul. Polished and pure, with dark black fruits, cassis, sous-bois, cigar box, meat, minerals and wet stones, it was an absolutely sumptuous wine. The finish, balance and texture of this wine are extraordinary. 98 Points.

Fortunately, we still had one red wine remaining in the line up and so we crossed back over to the Right Bank for the 1990 Château Cheval Blanc. This happens to be one of my favourite wines of all time. Interestingly, it has also garnered magnificent scores from both Parker and Robinson over the years – a testament to its quality, as they don’t often see eye-to-eye.

True to form, this proved to be the most popular wine of the night, just edging the Haut-Brion in the final attendee vote. To me, this represented everything that a Cheval Blanc should be. The greatest Chevals are never over-done or unnecessarily extracted and this was a quintessential example - both fresh and elegant. The perfume of this wine absolutely leapt from the glass and the colour was still so dark that it gave almost no concession whatsoever to age. In the mouth it was lively and vivid, with a good attack of mid-palate acidity and the world’s most luscious, cashmere-like tannins. It continued to grow ever more expansively in the glass – with layer upon layer of exotic scents and flavours revealing themselves. I picked up leather, coffee, red fruits, plums, violets, graphite, pencil shavings and cedar. This was utterly magnificent and it is now flirting with perfection. 99+ Points.

The last wine from the 1990 vintage was another liquid legend – Château d’Yquem. It was the perfect ending to a perfect tasting. Rich, honeyed and powerful, this wine offered everything that makes d’Yquem so special- an incredible sweetness, a luxurious texture, en pointe acidity and a spectacular sense of balance. On the palate, botrytis-infused flavours of coconut, apricots, honey and brioche explode in succession. It is no wonder that Parker gave the 1990 d’Yquem a 99 point rating or that he predicted it could last for more than a century! 99+ Points.

Above: Tasters listen carefully to the rules of 'Wine Options' before the final, secret wine is poured.

The final wine of the night was a last minute, unannounced addition. We often like to introduce a challenge of sorts to our tastings for a bit of competitive fun and this evening was no exception. The final wine was poured and guests were told it was, in fact, another vintage of d’Yquem, poured as a thank you to everyone for attending. Tasters then had to try and figure out which exact vintage the wine was from.

The colour was much darker than the 1990 and the nose was noticeably more developed. The fragrance was reminiscent of stepping outside just after the air has been cleaned by the rain. Fresh, enticing and beguiling - with loads of butter toffee and caramel - this was a fabulous, older bottle of d’Yquem.  Eventually the vintage was revealed to be the spectacular 1959. While this wine was more than 50 years old, it was clear that it had many more decades of life left in it. The winner of the ‘options’ game ended up taking home a bottle of the 1990  Cheval Blanc for his efforts. Just goes to show - you never know what kind of wonderful luck may find you at an AWC Wine Academy tasting! 94 Points.

Ultimately, this tasting reconfirmed just how epic the 1990 Bordeaux vintage has proved itself to be over time. As these wines were all perfectly stored, they have all aged extremely well. Most importantly, they are now providing the optimum amount of drinking pleasure and they are great value options compared to many more recent vintages. Stock up on these stellar 1990s soon as they are simply amazing.

We look forward to welcoming you into AWC Wine Academy in the coming months, whether for another Bordeaux tasting, for your own private tasting or for one of the other exciting events we have planned.

To join us for a tasting or to reserve the Wine Academy for yourself, please visit - http://www.awcwineacademy.com - or contact Deborah Ives on +44 (0) 20 3219 5560.

To purchase any of the wines which were covered in this particular tasting, please contact one of our staff wine experts.

Above: Old meets new at Château Cheval Blanc

Earlier this week, whilst visiting Bordeaux with an American client, I enjoyed the opportunity to return to Château Cheval Blanc and watch the inaugural vintage going into the newly constructed, state-of-the-art winery that is adjacent to the historic Château buildings.

This was my first trip back to the Château since their celebratory Grand Opening of the new winery during Vinexpo some three months ago.

The sight of the newly-installed cement tanks – with their distinctive pod shape - now full of fermenting grape juice is both memorable and impressive. One cannot help but notice the immense attention paid to absolute cleanliness here. The entire new facility resembles something between a clinical operating theatre, an opera house and a food processing plant.

During our tour, I also observed a number of small but important new details. For instance, not only does each vat now display the relevant reference information about the specific parcel from which the grapes contained within were harvested, it also shows the age of the vines from the relevant plot, often dating back between 50 and 100 years. It is clear that the ability to carefully track each individual plot has become absolutely vital to producing a successful modern vintage.

The 2011 growth cycle in this area of France has been one of continual challenges. Incredibly however, after months of inclement weather, during our particular week in Bordeaux (as was the case across much of Europe), a wonderful Indian summer had arrived.

I have no doubt that my friend Pierre Lurton, who spreads his talents between here and Château d’Yquem, will be especially excited about the prospect of another magnificent vintage. Thus far, it certainly looks to be something very special for the sweet wines of Sauternes.

However, here at Cheval Blanc, I couldn’t help but notice that the Cabernet Franc and Merlot berries coming into the winery required the strictest of selections during triage – a process that the many St. Emilion Mesdames and Messieurs on hand were approaching with both concentration and vigor. This harsh selection was necessary even though a significant part of the crop had already been dropped earlier in the summer during what is known as the green harvest, when unripe fruit is taken off the vines after a poor or uneven flowering period.

As I head back to London, my reflections are that, despite such a massive investment by LVMH, ultimately it is nature that still plays the leading role in making great wine. Surely my worst fear of further rising prices due to low yields (reduced from 35hl to 25hl per hectare) will not materialize this year!

By happenstance, en route back to the airport, I noticed Jacques Thienpont (Le Pin) and Alexandre Thienpont (Vieux Château Certan) messing about with a few final bunches in one of their roadside vineyards. I pulled the car over and we spent a few minutes casually talking about the past En Primeur sales campaign and the prospects for the next one. Candidly, Jacques explained that, “the little thing that holds children money in it, the savings, it is broken. The piggy bank,” he said, “it’s broken.” Jacques is a smart guy!

It seemed to me that this marked the end of the harvest and the beginning of the marketing!

Since we opened AWC Wine Academy at our headquarters in Marylebone, it has been a real privilege to receive clients who occasionally stop by and taste great wines with our team. This is mutually beneficial because we like to stay up to date with vintages and our clients get the chance to share the expertise of those on hand.

Earlier this week we had the pleasure of receiving one of our North American clients whose favourite tipples are the top wines of Pomerol. We decided to take a look at how the Right Bank wines from the 2000 vintage were coming along. Having tasted some of the Left Bank First Growths from 2000 recently, I felt that they were still too tight and tannic - not yet getting close to their best drinking window. However, on the evidence of this tasting, the Right Bank, Merlot-based wines are already more approachable.

We began on a high with the 2000 Pétrus. Self-evidently, it is still a complete baby. This was immediately clear from the depth of colour – barely a hint of ageing around the rim of the wine. The nose is also full of primary fruit; still no secondary aromas at this stage. In the mouth the wine cascades over your palate, with sweet cassis, cherry and plum fruit, followed by an echo of cream and minerals. The acidity gives the wine a sense of vim and vigour with the tannic structure giving it the necessary stuffing to keep everything in harmony and balance. Significantly, while the tannins are beautifully ripe, they are just beginning to open up and soften. Although this will develop for several more decades (and will be worth the wait), it is undoubtedly very enjoyable already. 98 Points.

How do you follow Pétrus? The answer is, with difficulty. However, a bottle of 2000 Le Pin was the perfect foil. As with many Le Pin vintages, what struck me most was the accessibility of the wine – its texture noticeably silkier than the more muscular Pétrus. The fabulously perfumed nose was exquisite – blackcurrants, violets and camphor. The utterly refined, sweet and creamy palate was more of the same, with a finish that seemed endless. One cannot help but love Le Pin’s exotic, flamboyant and hedonistic style. This was right up there with the best vintages from this tiny estate.

But will it age as well as the Pétrus? On this, the jury is still out. According to my tasting notes, there’s definitely no rush to drink this or the Pétrus just yet, as both will repay considerable cellaring. However, my money would be on the Pétrus to make the oldest bones out of this pair of sumptuous Pomerols. 97 Points.

Last, but by no means least, we uncorked the 2000 Lafleur to see how it was shaping amongst such esteemed company. Happily, it too shone quite brightly – though closer to Pétrus than Le Pin in style. This wine is impressive due to the purity of plum and damson fruit along with the cedar and mineral components - all of which were cushioned by à point acidity, balance and texture. Again, this is still one for the cellar. Yet, like both the Pétrus and Le Pin, it too is beginning to come out of its shell as the tannins are now starting to mellow. 98 Points.

On the evidence of this tasting, my advice would be to resist pulling the corks on these wines for a little while yet. However, if you do, you certainly won’t be disappointed.

The message for our clients is - next time you’re passing through London, we would welcome you to stop by. We prefer a little notice though, so we can be sure to have the wines decanted and ready!

Further to this profound tasting, we wanted to provide you with the opportunity to enjoy these phenomenal wines yourself, particularly since we now have case quantities of these rarities available. As we’ve just tasted these wines and can comment first-hand on their exceptional quality, speak with one of our expert advisors today to secure them as your own.

I look forward to hearing your own thoughts on these wines and towards recieving you in our beautiful facility when you are next in London.

Stephen Williams, CEO

Wednesday evening marked the official opening of the AWC Wine Academy. More than thirty VIP clients joined us in the new space for a night of first class education, stellar wine tasting and a bit of friendly competition. After many months of hard work by our staff, it was with great pleasure that we christened the facility with this inaugural event.
  
After a glass of 2004 Franck Bonville Blanc de Blancs Grand Cru (our house champagne) and a few canapés in our reception area, we retired to the Wine Academy for the lecture and tasting portions of the evening. Tim Atkin, MW presided over the exclusive event and joined us in sampling all of the wines blind. As well as a Master of Wine, Tim is a frequent contributor to many wine publications, is a regular on BBC 1’s Saturday Kitchen and is a fabulous presenter.

Above: The tasting stage is set...

The theme of the tasting was ‘Grand Cru Wizardry’ and it was aimed at addressing the historic founding and modern role of the 1855 Bordeaux Classification.

Many changes have occurred over the last 150 years and a lot of wine has been made, sold and drunk in the intervening period. Châteaux have been bought and sold and properties have made both good wine and bad. Reputations and prices have risen as well as fallen. The question we wanted to address with the tasting was whether the 1855 Classification is still relevant today.  In coordination with the educational component, for all tastings in the new Wine Academy we like to ignite a bit of fiery competition. The goal of this particular challenge was to determine, from the choices given, the correct vintage and appellation for each pair of wines. So, after a complete and informative lecture about the history of the ranking system by Tim, we started in on the tasting.

The format was simple. We had 8 wines in front of us in two rows. Each set had two vintage choices associated with it along with the choice of any of the northern Left Bank appellations (no Graves, Sauternes/Barsac or Haut-Médoc were included in the tasting). Additionally, per the evening’s theme, guests were also asked to ascertain which of the wines was ranked - according the 1855 Classification - higher than the other.

Right: Tim Atkin, MW prepares for the lecture.

Each tasting table was grouped as a team with one of our staff wine experts serving as team leader. As we had 5 tables in contention, each group was given the name of a First Growth Château as their team moniker. The resulting competition was spirited and intense - many Premiership matches aren’t this fierce!

Starting off with Pair 1, the very first wine of the night was, in a word, spectacular. By popular consensus it actually went on to become one of the two ‘wines of the evening’ - certainly a good way to kick things off! Markedly elegant and with a brilliant purity of fruit, it was clear that whichever estate produced this wine knew exactly what they were doing. Fragrant and beguiling, the judicious use of oak was also noted. Wine number two was less clearly defined and showed slightly rougher tannins in the mid-palate and finish.

A testament to the exceptional level of wine knowledge in the room, most teams pegged the vintage as 2006 (versus the other choice, 2005) and three of the teams agreed that it was likely from the Margaux appellation. However, one guest actually threw down the gauntlet and claimed that he could not only identify the vintage and appellation but the producer as well. ‘Go on then,’ said Tim. Low and behold - he absolutely nailed it. As a prize for his impressive efforts the gentleman in question received a half case of wine number 1, which turned out to be the fantastic 2006 Château Palmer. Wine number 2 was also well received and it was ultimately revealed as Château Rauzan-Segla. However, the showcase of tasting skills put on by ‘Mr. Palmer’ was enough to put Team Mouton, captained by AWC International Client Account Manager James Woodhead, out into the early competition lead. 

Pair 2 was arguably one of the most difficult to figure out. The first wine was fruity, forward and clearly well made, yet it lacked a certain ‘oomph’, particularly in the finish. The second wine was undeniably great - tobacco leaf, cedar box, red fruit, cassis and fine tannins all in perfect harmony - however somewhat confusing because the colour did not seem to accurately reflect the power of the nose and palate (there was a slight bricking to it).

To further complicate matters, the vintage choices were 2000 and 2003, both of which are formidable years. With the first wine appearing to be more like a 2003 and the second more like a 2000, many people were stumped. In the end, the vintage was identified as 2003, with wine 1 being Château Pontet-Canet and wine 2 (which was also my favourite of the evening) the neighbouring estate of Château Mouton Rothschild. The appellation was of course Pauillac, but what a fabulous and interesting contrast these two wines were! At this stage, Team Mouton was still the front-runner, however Teams Lafite and Latour, with Will Buckland (our head of Fine Wine Investment) and Julia Scales (our Head of Sales) at their respective helms, were tied for second and closing in on the lead.

The third set validated Tim’s earlier pronouncement that, "the wines of St. Julien tend to be a bit more tannic than Pauillac, but not as immense and backward as those of St. Estèphe.” By process of elimination, most teams quickly guessed that the wines were probably from one region or the other. But which one? Upon tasting wine 1, a number of guests were completely floored by its purity and structure. It was absolutely sublime. Wine number 2 had a bit more leafiness to the clearly Cabernet Sauvignon dominated nose, yet it was nonetheless delicious. The vintage choices were 1996 or 2000. Having just gone through the 2003 versus 2000 debate (with a few teams coming up on the wrong end), this decision was no easier!

After all the teams had voted, the first wine was revealed as the 2000 Château Beychevelle and the second as 2000 Château Gruaud-Larose. Once again it was Team Mouton on top with Lafite and Latour nipping at its heels. Unfortunately, Teams Margaux and Haut-Brion were beginning to languish behind and concerns about relegation were entering the minds of the captains.

By the final pairing, everyone realised that the appellation was likely St. Estèphe. The challenge remained as to which estates and which vintage the two wines were from (the choice was either 1995 or 1996). In many ways this was the most evenly matched pairing. Both wines had clearly defined structures and were of truly great quality. This was perfectly aged claret at its best. Most teams came around to the idea that the vintage was likely 1996 (as that year was slightly better on the Left Bank, with 1995 slightly superior on the Right), yet no consensus could be made as to which of the region’s top properties - Château Montrose, Château Cos d’Estournel and Château Calon-Ségur - was the odd one out. Passionate arguments were given for and against each estate.

Above: A fun and informative competition.

Ultimately it was Team Mouton that once again emerged victorious - correctly marking wine 1 as Cos d’Estournel and wine 2 as Calon-Ségur. This also meant that Team Mouton won the entire competition, with each member receiving a complimentary bottle of Grand Cru Champagne for their fine efforts. The final standings, out of a possible 16 points, were as follows:

Team Mouton – 14/16
Team Lafite – 13/16
Team Latour – 11/16
Team Haut-Brion – 10/16
Team Margaux – 9/16

Impressively (and despite his early warnings about the perils and pitfalls of blind tasting), Tim proved his mettle - correctly identifying 50% of the wines, from the vintage all the way down to the producer - and rightfully upheld his reputation as a Master of Wine.

Above: The evening's wines. Interested in tasting them yourself?  Order here >>

In the end a fantastic evening was had by all. The positive feedback was overwhelming, with many guests already planning their own private events in the space or signing up to attend future tastings - which is exactly what we designed the Wine Academy for and why it is now open. We look forward to welcoming you into the building in the coming months for more exciting events of this nature.

To purchase any of the wines which were covered in this particular tasting, please contact one of our staff wine experts.

To learn more about our Team and the staff members mentioned in this post, please visit our staff profiles page.

To join us for a tasting or to reserve the Wine Academy for yourself, please visit - https://www.awcwineacademy.com - or contact Deborah Ives via email or on +44 (0) 20 3219 5560. 

Looking back over the recent en primeur tastings, a number of things have become clear...

The first and most obvious thing is that Bordeaux has another great vintage on its hands, albeit one which is very different from the remarkable preceding vintage of 2009. The success of 2010 is due to the near-perfect and unusual weather patterns which developed during the vintage. In particular, the weather was dry but not too hot, with many cool nights. Several appellations did experience drought conditions but fortunately rain came at the right time in September. This provided welcome relief just when the vines were at their most stressed.

The result was grapes that were small, healthy and concentrated and wines which are high in alcohol, acidity and tannin. As Jean-Guillaume Prats of Cos d’Estournel pointed out – this was genuinely remarkable. ‘Most wine regions can produce one or two of these three components. Only Bordeaux has been able to do all three at the same time!’

Below: Jean-Guillaume Prats discusses the differences between 2009 and 2010

Once again, this was another great year for Left Bank Cabernet. Firstly, this was because the weather conditions suited Cabernet Sauvignon, which ripens a bit later than Merlot and generally has lower potential alcohol. Secondly, this was because some Merlot vineyards suffered from coulure (poor fruit set), which reduced the crop in certain areas. As with 2009, some of the Merlot-dominant wines have come in with very high alcohol levels – whether or not this happened depended on their individual terroirs and the time of picking. On the Left Bank, many chateaux used less Merlot this year and much more Cabernet. Mouton is a case in point. For the 2010, the blend is 94% Cabernet (up from around 80% in 2009).

However, this is by no means an exclusively Left Bank vintage. The Right Bank had some notable successes, particularly in Pomerol and, to a lesser extent, in St Emilion. Equally, Graves did well with both their red and white wines. For instance, at both Haut-Brion and La Mission Haut-Brion, big, powerful, and concentrated reds have again been produced. However, the power of these wines is tempered by the excellent acidity so prevalent in this vintage. The same goes for the whites produced by both properties. They are particularly impressive in 2010.

Below: One of the stellar Sauternes of the vintage - Chateau Suduiraut. Notice the interesting thermometer collar below the label, ensuring that the wine is served at the correct temperature.

Sauternes was also a success. The chateaux were blessed with a big crop and the wines exhibit good botrytis character and an excellent balance between sweetness and acidity. However, the wines do lack the sheer intensity and power of the 2009s.

As a result, there is near universal acclaim for 2010. However, some caveats should be issued when it comes to buying the wines – both stylistically and by individual chateaux. Consumers need to realise that the wines from this vintage have a very different profile than that of the more opulent and easy-going 2009s. The difference is that in 2010 the best reds are beautifully balanced but have a much more tannic structure and much higher acidity levels. This means that many will take quite a bit longer to develop. Yet, it is important to understand that they will indeed develop and that the resulting wines will be absolutely stunning. In many ways, this is very much a ‘classical’ Bordeaux vintage that will appeal to traditional European palates.

This was a difficult and challenging vintage to taste - particularly coming on the heels of 2009. There are many gorgeous wines in 2010 but the most successful are unquestionably those which showed some restraint with regard to tannin/extraction levels and percentage of alcohol. Unfortunately, some properties have produced tannic, over-extracted and highly-alcoholic wines. These wines may come around at some point in their development and allow the underlying fruit to shine through. Equally however, they may not.

In 2010 there are some real vins de plaisir, as well as vins de garde. The First Growths and Super Seconds have once again produced some exceptional wines. However, this year, their second wines have also taken a massive step forward. Carruades de Lafite, Le Petit Mouton and Alter Ego de Palmer are all scintillating wines and we will be buying as many cases of them as we are able to secure.

Above: One of the vins de garde - Tasting at Chateau Pontet Canet. Brilliant balance.

Ultimately, the commercial success of the vintage will largely depend on price. My view is that the Bordelais will not price 2010 any lower than 2009 for several reasons. First of all, they know that they have produced another excellent vintage that is similar in quality to 2009. Secondly, they have made slightly less wine than last year – overall production is down. Finally, they need to price it at least at the same level as last year simply to protect the current 2009 prices.

Equally, it seems that the chateaux cannot raise prices significantly either. The global economic recovery is far from assured or complete. It also remains to be seen whether the American market will return after a long En Primeur absence.

Above: Will the chateaux embrace correct market pricing or will they burn the opportunity?

Another question is how much slack the Far East markets will take up this year. The Chinese are beginning to buy into the concept of purchasing En Primeur, and there was a notable presence of Chinese buyers in Bordeaux during our time there. Finally, what about Europe? After last year, some European collectors may feel less inclined to buy quite as much this season if the prices significantly increase. All of these factors lead me to expect prices to be released at similar levels to 2009.

Of course, there will be exceptions to the rule. Those chateaux which have produced better wines in 2010 than in 2009 may be inclined to break ranks, particularly if Robert Parker endorses them with a big score later this month. In some instances, such price increases will be entirely justified. Against that, my inside information on Parker’s thinking is that he is likely to rate 2010 ‘a notch lower than 2009’.

Above: What will Robert Parker score the wines of Lafite-Rothschild?

At the Antique Wine Company, we will be offering specific advice to our clients as the campaign unfolds throughout May and June. Our counselling will be based heavily on our first-hand experience with each individual chateaux and the quality-to-price ratio of each wine. I believe that, no matter what, 2010 is a vintage that serious and knowledgeable collectors and consumers will want to include in their cellars. Prices are unlikely to fall in the near term and certainly over the long haul, the top wines will inevitably rise in value.

Always remember, En Primeur is the best time to purchase top wines at their lowest market prices. It is also the only time consumers and collectors can obtain a substantial volume of their favourite wines and be unequivocally certain of provenance.

Demand for the top wines from this vintage will be strong. As a merchant, it is always somewhat of a challenge to satisfy the many demands of the négociants, who require us to purchase vast quantities of their lesser wines, pro-rata to the First Growths and premium wines. The négociants decide which merchants are currently in favour and they like to see those merchants buying not only the First Growths but also promoting the less prominent and lower–hierarchy wines.

In almost every vintage, market demand for the First Growths exceeds supply. Each year we find that we can easily sell our entire allocation of these wines. Therefore, we are constantly trying to increase the size of our allocations and 2010 is no exception.

Thus, as we head into the 2010 En Primeur campaign, clients wishing to secure larger volumes of First Growths might also consider purchasing other classified wines. In good vintages - where the quality is more homogeneous - these lower hierarchy wines are perfect for many occasions and moments. It is a timely convenience that the 2009 vintage produced wines of this type – exceptional quality and ideal for early drinking.

Therefore, clients should consider balancing their allocation requests for 2010 First Growths with a quantity of 2009 lower–classified growths. These 2009s can then be consumed and enjoyed while the 2010s continue to undergo élevage. This creates a win–win situation for everyone involved - including you, the client, The Antique Wine Company as your merchant, and both the châteaux and the négociants.

Our Top Picks from the 2010 Bordeaux Vintage -

Lafite
Palmer
Margaux
Haut-Brion
Haut-Brion Blanc
Vieux Chateau Certan
Le Pin
Le Petit Mouton
Carruades de Lafite
Cos d’Estournel
Angelus
Cheval Blanc

Life is rarely dull in the fine wine business. After spending the weekend tasting nineteenth century Ports in the depths of the Douro Valley, today I’m in Bordeaux to taste wines almost 200 years younger, as the chateaux open their doors to the world in advance of the 2010 En Primeur campaign.

For the next few days, I will be writing from the annual series of trade tastings as we get a first impression of what 2010 has to offer. If all the excitement that is starting to build around this vintage proves to be true, it promises to be quite a week!

This year my load is lightened because I am assisted by nine of my colleagues from our offices in London, Hong Kong, and the Cote d’Azur. I think it is vital that the wine experts who will be directly advising our clients have the chance to taste these wines at the earliest opportunity available. This enables them to provide authoritative advice from their own personal experience. For me, that is what being a good wine merchant is all about.

Our first tasting today was at the St. Julien Second Growth Chateau Leoville-Barton, owned of course by the legendary Anthony Barton. As ever, the property was looking immaculate and resplendent in the warm spring sunshine as we turned off the D2. However, we immediately stepped out of the bright light and into the cool dark cellar. Surrounded by barrels of the still-maturing 2009, upon tasting the first wine in the line-up this morning (the 2010 edition of Third Growth Chateau Langoa-Barton), my initial impression was that this was indeed a very different vintage from the fabulous 2009.

Above: Spring is in the air!

For a start, you could taste the intense tannic structure on both the Langoa and the Leoville-Barton that followed it. These wines were much more assertive than the 2009s. True to form, the Leoville was much broader and more serious than the Langoa, with classical cassis fruit. Both wines also weighed in at 13.2% alcohol, thereby contradicting advance reports of high alcohol wines across Bordeaux. These wines were anything but. I was very taken with the Leoville (92 points) but less so with the Langoa (86 points), which seemed to me to lack attack.

Below: Cellar room at Leoville-Barton

From St. Julien we headed to Chateau Belgrave, the Fifth Growth property belonging to the Dourthe group that is part of the Bordeaux negociants CVGB. We were ushered into the very bright and modern tasting room adjoining the barrel hall. This estate has just been impressively (and expensively) renovated. In fact, our visit today meant that we were among the first to taste there.

This was also our first opportunity to taste across a broad swath of appellations. However, I resisted the temptation to stray too far afield. I limited myself to tasting a single Margaux flight of eight wines in order to get a better handle on how the vintage performed in that particular region.

First up was the lesser-known Fifth Growth Chateau Desmirail. It had good colour, fruit and structure. While not a stunning wine, it was certainly solid and worth 90 points. The Durfort-Vivens came next and was a bit closed and disappointing, despite being a Second Growth. I rated it alongside the Desmirail at 90 points. Sadly, The Marquis d’Alesme Becker was faulty and, unfortunately, no second bottle was forthcoming.

I felt that the 2010 Prieure-Lichine had a touch of Margaux perfume on the nose, but I was let down on the palate. To me it was austere and tough. The tannins had overtaken the fruit and now dominated the wine. I rated it 89 points.

The next wine, Cantenac-Brown, was a much needed step-up in quality. Deeply coloured with a classic Margaux nose, this was full of tobacco and cassis-blueberry fruit. The acidity was fresh and the tannins were ripe. All in all, it was an elegant 2010 and was definitely worthy of 94 points.

Two other wines which greatly impressed me were Chateau Lascombes and Chateau Rauzan-Segla. The former was a dark, sweet, generous and well-structured wine with both good acidity and polished tannins. Another 94 pointer.

At Rauzan-Segla, John Kolassa has fashioned a really impressive 2010 that delivers elegance and finesse. The tannins were firm but ripe and were held in check by some very impressive acidity and gorgeous plum fruit flavours supported by notes of plum, blackcurrant, tobacco and minerals. 95 points.

What this first snapshot suggested to me was that this is a vintage that we need to approach with careful attention to selection. Perhaps there is a lack of consistency?

Our next appointment was at the Third Growth (yet generally considered to be “Super Second”) Chateau Palmer. It is always a pleasure to visit Palmer during En Primeur week and today’s tasting was no exception. In 2009, Palmer produced one of the top wines of the vintage, meaning winemaker Thomas Duroux had a tough act to follow. However, I think Duroux may have done it again thanks to the estate’s magnificent terroir, the low yields, strict selection and skilled winemaking. The estate’s second wine – Alter Ego - was outstanding once again and was surprisingly approachable. Palmer has a high percentage of Merlot in its vineyards and the rumour that Merlot had done exceptionally well in 2010 was backed-up by the way this wine performed.

The wine was bright, full, rich and sweet, with just a hint of eucalyptus on the finish – classic Palmer. It was also surprisingly big at 14.4%. However, it also has a very low pH at 3.35 which means that it retains a wonderfully fresh acidity. Great fruit, freshness and structure - easily 94 points.

Although the Alter Ego was easier to taste, it was no hardship to sample the Grand Vin either. Surprisingly, the 2010 Palmer had even more Merlot in the blend than the Alter Ego! However, this also meant that the resulting wine was simply breathtaking. This had leather, cream, oodles of black fruit, chocolate, spice, mint and the most fabulous tannin structure balanced by pinpoint acidity. Again, the wine was big and generous (14.5%), but the way it was structured meant that it carried the alcohol quite effortlessly. My thoughts are that this is a 99 point wine and is a definite contender for wine of the vintage.

According to Thomas, he believes that the acidity in these wines was the key to their success. ‘It’s the freshness and the acidity which counterbalances the tannin. There’s no question this will definitely be a very long-lived vintage.’ Interestingly, Duroux also said that 2009 was much more voluptuous than 2010, which I would certainly agree with. He also observed that 2010 was actually more like 2000 rather than 2005. ‘Except that, to me, 2010 is a much more concentrated version.’ Make no mistake; this is clearly a “vin de garde”.

Above: Tasting at Chateau Palmer

After our Palmer visit a spot of lunch was urgently required, so we stopped off for a much needed pit-stop at Le Savoie restaurant in the village of Margaux. In the afternoon, we stepped it up a gear or two when we visited both Chateau Margaux and Chateau Haut-Brion. These two estates told us even more about the vintage and the promise of 2010 Bordeaux. I will share my thoughts on them shortly, so check back here soon...

The Event -

This report follows a fascinating evening of tasting and analysis which covered recent Top Investment Wines and was held in Monte-Carlo, the tax-advantageous wealth haven on the Cote d’Azur.

The thirty-two attendees were comprised of clients of Monaco Asset Management and local clients of The Antique Wine Company.

The purpose of the tasting was to study the investment performance of wine as a commodity, while simultaneously offering an opportunity to taste some fantastic wines.  At The Antique Wine Company it remains our view that whilst fine wine represents an impressive investment vehicle, ultimately, great wines deliver pleasurable experiences. It is those experiences with family and friends which are often just as important as a wine’s ability to provide financial gain. What better place to enjoy some fine wine and discuss its investment potential than in a wealth management environment?

The line-up included four of the five First Growths (Lafite, Latour, Margaux and Mouton) along with the world’s finest white wine (Chateau d’Yquem), an exceptional example of Domaine de la Romanee-Conti Echezeaux and Chateau Cheval Blanc. Additional wines included Carruades de Lafite, Chateau La Mission Haut Brion, and a 100 point rated vintage of Chateau Pavie. Bordeaux vintages included 2000, 2005 and the recently released 2008.

Tasting Format -

Our head of purchasing, Berenger Piras, acted as sommelier for the evening and prepared the wines approximately 2.5 hours before the event. With the exception of the Domaine de la Romanee Conti Echezeaux, all the wines were double decanted in advance. The Echezeaux was tasted but not decanted in order to avoid any excess exposure to air.  The wines were presented by Stephen Williams, our Managing Director.

The Rules of Engagement -

The wines were tasted in pairs. After delivering a short presentation on The Antique Wine Company and our Fine Wine Investment Services the ‘rules of engagement’ were explained. In this competitive tasting format, tasters could earn points for guessing (or calculating) the correct Return on Investment which would have been generated had the wine been purchased en primeur and then sold on the market today.

 
To enhance the competition, a bottle of 2005 Chateau Margaux was put on the line for the winner!

Guests tasted their way through the pairs, with some tasting notes, the opening en primeur price, and information on the various estates and vintages being provided. A few subtle clues here and there aided with the calculations. After the final wine was tasted we revealed the answers and guests marked their sheets accordingly. The winner scored an impressive 40 points!

Guests were then asked to vote on their favourite ‘palate’ wine (the wine they enjoyed drinking the most), which also revealed some surprising results...

Votes and Answers –

Please click here to enquire about the availability of these wines or to request additional information.

Surprising Conclusions -

The favourite wines of the night (by taste) were the 2002 DRC Echezeaux followed by the 2000 La Mission Haut Brion and 2003 Cheval Blanc in a tie for second place.

The 2002 Lafite Rothschild was the best performing investment wine with an increase of 1106% since release.

Correlation between taste and investment performance -

The tasting showed that there was very little correlation between the ROI and the Parker scores for this sample set. Two of the three 100 point wines actually ended up at the bottom half of the results sheet in terms of ROI (the Pavie at 203% return and the d’Yquem at 186% return). Interestingly, the two highest performing wines in terms of ROI, Lafite Rothschild (1106%) and Carruades de Lafite (712%) were scored modestly on the Parker scale at 94 points and 91-93

points respectively. This is no doubt due to the distortion caused by the Chinese market for Lafite.

The standout wine of the tasting was clearly the 100 point rated 2000 La Mission Haut Brion. In terms of ROI it came in third place (at 564%) and it was tied for the second most popular wine of the evening by taste. Our view is that La Mission continues to challenge the First Growths year after year in terms of quality. Be this as it may, it is still often overlooked by investors who are only focused on the ‘First Five’.  This tasting really highlighted the investment potential of this wine, particularly given that it currently sits at an undervalued position in the marketplace. Fortunately, for savvy investors who are interested in the potentially 100 point La Mission 2009, we still have this wine available for acquisition in small quantities.

What did we learn? -

All of the wines at the tasting performed well from an investment perspective. Mouton Rothschild was the ‘poorest’ performer and it still showed 99% ROI over a four year period! Selecting blue chip wines and carefully analysing the market for undervalued options is the most lucrative route to ensuring solid financial returns.

The corollary between taste, critical acclaim and investment performance is clearly not direct. This shows the diversity of individual preferences, style and quality. These complexities are what continue to make the world of wine so intriguing.

To discuss or purchase wines from this tasting, or if you have questions about other fine wine investment opportunities, I can be reached at our London offices via email or phone +44 (0) 20 7359 1109.

Will Buckland, Wine Investment Analyst
The Antique Wine Company