Bordeaux, Wine Investment, News, En Primeur, Critic Scores, Chateau Palmer
On the 5th of June 2023, we have seen the release of Chateau Palmer
Chateau Palmer 2022
On the 5th June 2023, we now see the release of the third growth wine from Margaux named Palmer, and the price is up 22.9% on last years release. The ex negociant price is 295 Euro a bottle. The wine is offered by the international trade for £3,576.00 per case of 12 bottles at 75cl each according to Liv-ex, and this will result in an increase of 25.7% on the opening price of the 2021's.
Buyers looking for value have several opportunities among back vintages, notably the 2018, 2019 and 2020. See more pricing analysis below.
Fair Value analysis
There is no significant correlation between Palmer Market Prices and Neal Martin scores – the chosen critic for Liv-ex’s ‘Fair Value’ methodology.
That said, Château Palmer prices are 77% correlated to Jane Anson scores.
The 2018 is quite interesting – it boasts a rare 100 points from Neal Martin and is available at a discount of 4.9% to today’s release.
Buyers might also want to consider the 2019 vintage, which has a Neal Martin (Vinous) score of 99 points. A wine that ‘exudes a sense of completeness’, it is available at a significant discount of 35.7% to today’s release.
The lower-scoring 98-point 2016 and 97-point 2020 might also be of interest, which are available at a discount of 16.1% and 29.5% respectively to the 2022.
Neal Martin (Vinous) awarded the wine a barrel range of 96-98 points, praising the wine’s ‘tannic backbone’ that lends a ‘sense of verticality’. In his words: ‘do reserve a bin for your cellar for this and let it gather dust for at least a decade’.
‘A monumental achievement’, says Lisa Perrotti-Brown (Wine Independent) who rated the wine at 96-98+. She writes that, despite needing ‘a lot of shaking and swirling’, the wine is ‘supported by a skyscraper structure’ of tannins and enjoys a finish of ‘epic length and depth’.
Please see some of the scores taken from Liv-Ex as shown below:
(95 - 97)