Chateaux Latour 2006 BUY Recommendation
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 clients 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 very special.
The wine is called Chateau Latour and the vintage is 2006.
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. 2006 was a very good year for Bordeaux wines.
This Latour 2006 has been awarded 95 points from the critic Robert Parker. Fantastic rating for a first growth wine priced under three and half thousand pounds.
Parker compared it to the 1996 Latour which by the way is 5500 pounds/case in today’s market.
What I like about this as an investment is that it has performed very well in the past. It started off around 3500 pounds/case. It then went up as high as 5750 pounds/case in 2011.
Currently it is being offered by a number of merchants in Europe for a starting price of 3400 pounds but some merchants are selling it for 3600 pounds. And these merchants selling at 3600 pounds are usually very competitive.
We managed to negotiate 5% from the price they originally offered.
It is not easy to find parcels at market value this month, merchants are increasing their prices dramatically and selling stock no problem.
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 3400 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 4500 pounds/case. It would still be 22% cheaper than the price it was in 2011.
I’m not saying it will be worth 6000 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.
Do you know much about Chateau Latour?
I visited the Chateau last year in July, It is a very old vineyard in Bordeaux with a huge reputation, Latour means tower in French because it has a Tower on the side of the Chateau that dates back to 1331 and they have been making wine since 1718.
Just some interesting market whisper for you, in four years the Chateau are going to release the 2010 vintage, when they do it’s expected that the price will be sold for a lot of money.
This is going to have a big impact on all the older vintages, especially like this 06 because its so cheap to buy at the moment compared to the other first growths.
Please let me know if you would like to add one case to your portfolio.