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James Suckling releases Bordeaux 2022 report

‘A new benchmark’

James Suckling has released his report on the Bordeaux 2022 vintage ahead of the upcoming En Primeur campaign. The critic claimed that in the 40 years he has tasted Bordeaux in-barrel, he had ‘never come across anything like the 2022 vintage’.

2022 will stay in memory as one of the hottest years on record, featuring severe droughts and heatwaves. Despite the challenges, Suckling suggested that 2022 ‘gives us hope that both man and nature can adapt to these circumstance and produce outstanding wines, both red and white’.

He further observed that dryness and heat no longer mean bold ripeness in the resultant wines. Most winemakers have prioritised freshness and lower alcohol, ‘picking their grapes at optimal ripeness, with this “al dente” fruit giving a crunchy and clean character to the wines, with fine yet structured tannins’.

Suckling found the young wines to be ‘dynamic and fascinating’ and noted that ‘there was high quality from top to bottom’ – a sign of a great vintage.

Top-scoring wines

Suckling found nine candidates for perfection in Bordeaux 2022, awarding them a barrel range of 99-100 points.

Cheval Blanc stood out as his potential ‘wine of the vintage’, which ‘soars to new heights with its brightness and weightlessness’.

The critic was also full of praise for two Sauternes from Château Lafaurie-Peyraguey, calling the Crème du Tête ‘magical. The new 1929?’

Only one First Growth made the list, Château Lafite Rothschild, which Suckling described as ‘a classical Lafite that reminds me of something like the 1986 […] but it’s so today with its purity and precision’.

A white wine also featured among the top-scoring – Pavillon Blanc du Château Margaux. According to him, this ‘feels like a great Montrachet’ and is ‘one for the cellar’.

The question of pricing

Suckling’s verdict on the 2022 vintage is that the quality of the wines is ‘exceptional’ but ultimately ‘the market will decide’ the success of the new releases. ‘High interest rates, volatile stock prices and recent bank failures’ are some of the factors that will influence purchasing of young Bordeaux.

While the excitement of the new is guaranteed, high release prices might make older vintages look more attractive – especially if they offer value, and faster returns on investment.

 

WineCap’s independent market analysis showcases the value of portfolio diversification and the stability offered by investing in wine. Speak to one of our wine investment experts and start building your portfolio. Schedule your free consultation today.

 

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Ornellaia’s Axel Heinz to breathe new life into Château Lascombes

Axel Heinz joins Château Lascombes

Longtime director and winemaker at Ornellaia, Axel Heinz, is leaving Tuscany to join the Second Growth Château Lascombes as CEO and bring the estate ‘to its full potential,’ reported The drinks business. After 18 years in Italy, Heinz will join Lascombes in time for the 2023 harvest.

Carlton McCoy, managing partner at Lawrence Family Wine, who own the Margaux property, said that the work Heinz ‘has done while overseeing Ornellaia and Masseto have taken this already heralded estate to new heights’.

Indeed, Ornellaia and Masseto have become established as two of the most prominent Super Tuscans, enjoying continuous demand and steady price appreciation. In 2020, they placed among the top ten most powerful wine brands in the world.

Investment performance of Ornellaia and Lascombes

The appointment of Heinz is intended to breathe new life into Lascombes, which has seen much slower growth than the Super Tuscan. Over the past five years, Lascombes prices have risen just 2.5%, compared to a move of 45% for Ornellaia.

Ornellaia and Lascombes

At present, the 2012 is Lascombes’ highest-scoring vintage, with 94-points from Robert Parker (Wine Advocate). It is also one of the best offerings on the market, together with the less expensive 2011 (RP 93).

With Heinz soon to be at its helm, Lascombes will be an estate to watch; one likely to generate more critical attention, and rising prices.

You can explore the price performance of both estates on Wine Track – our tool, which enables you to identify investment grade wines, spot trends and wine investment opportunities.

Stay tuned – this analysis and more is part of our Q1 2023 report, published next week.