Chateau Latour 1996
Dear friends and clients,
I have found a very special parcel of wine for you, this is something that is very exclusive. I don’t often get the opportunity to recommend this kind of wine to you. In fact, I am restricted to only 10 cases with this offer since it is an older wine, so it is impossible to find in large quantities.
I can only offer you one case of this wine since I’m short on quantity but I can tell you its worth even having one case in your portfolio because its that special.
The wine is called Chateau Latour and the vintage is 1996.
As you know Chateau Latour, it doesn’t need any introduction. This is considered one of the most prestigious wines of the 1855 Classification. What makes it special is the vintage, which is heralded as one of the great vintages made for Bordeaux wines. 1996 was a very good year for Bordeaux wines. Especially Latour.
This Latour 1996 has been awarded 100 points from the critic Robert Parker.
This is an excerpt from his tasting note:
“A spectacular Latour, the 1996 may be the modern day clone of the 1966, only riper. The 1996 is classic Latour at its utmost Possessing a finish that just goes on and on, this is as good as it gets.”
By the way a case of 1966 Latour is currently on the market for 9600 Pounds/case.
What I like about this as an investment is that it has performed very well in the past. It started off around 2000 pounds/case. It then went up as high as 8100 pounds/case in 2011.
Currently it is being offered by a number of merchants in Europe for a starting price of 5300 pounds but some merchants are selling it for 5500 pounds. And these merchants selling at 5500 pounds are usually very competitive.
The reason some are marking a higher price is because the market is moving higher. Therefore the bigger firms who can afford to hold onto stock are placing the price much higher in expectations that their stock will sell quickly as soon as those merchants offering the lower prices are sold.
This is what happens in a bullish market sentiment which we are seeing in the wine market at the moment.
Now I have managed to secure this wine for you for 5100 pounds/case. The stock is in 12 bottles and held in our warehouse in the UK in Original Wooden cases.
I anticipate some good growth on this wine over the next 2-3 years of at least 12% per annum compounded, not only because of the direction of the market but also because the price is still 50% off its highs of 2011. This means you can buy an absolute blockbuster of a wine for half the price you could buy it for 4 years ago! Its amazing, don’t you think?
Think about this scenario – in three years the price should appreciate to 3500 pounds/case. It would still be just under the price it was in 2011. I’m not saying it will be worth 4000 pounds in three years but there’s a pretty good chance given where the market is heading.
Such a great opportunity, if I was not buying so much wine at the moment, I probably would be buying the whole parcel for my own portfolio and not making a recommendation to be completely honest.
Please let me know how many cases you would like to add to your portfolio.