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Collectors' articles

References   [ + ]

1. All release prices based on Bibendum and Corney & Barrow offers during April-June 2010, unless otherwise stated. Critics’ scores used include: Jancis Robinson MW, La Revue du Vin de France, Tim Atkin MW, Wine Spectator – James Sucklings’ Spring barrel samplings, Jean-Marc Quarin, Robert Parker. Where two scores are offered, eg 92-94, we have used the mid-score point. Scores out of 20 are translated into 100-point scores according to our own conversion table. All prices quoted in bond. Tables are built around red wines only.
2. Perhaps a victim of fashion?
3. When does the price affect the taste? Results from a wine experiment. Johan Almenberg and Anna Dreber. AAWE Working Paper, No. 35. April, 2009
4. Do more expensive wines taste better? Robin Goldstein, Johan Almenberg, Anna Dreber, John W. Emerson, Alexis Herschkowitsch, Jacob Katz. AAWE
5. all prices are converted to a standard bottle format of 75cl
6. Buyers Premium
7. Parker v. Prial: The Death of the Vintage Chart [Lighten Your Wallet]. Roman L. Weil, Co-Chairman, Oenonomy Society of the US. RLW VDQS, 2001
8. All release prices based on Bibendum offers during April - June 2010, wine-searcher.com, Corney & Barrow and Berry Bros & Rudd. Critics' scores used include: Jancis Robinson, La Revue du Vin de France, Tim Atkin, Wine Spectator - James Sucklings' barrel samplings, Jean-Marc Quarin, Robert Parker. Where two scores are offered e.g. 92-94, we have used the mid-score point. Scores out of 20 are translated into 100 point scores according to our own conversion table. All prices quoted in bond. Tables are built around red wines only.
9. see Part I for an explanation of QPI and its use
10. For example, some châteaux acreage may include white varieties although, for example, I have excluded this for Haut Brion.
11. Bordeaux wine vintage quality and the weather. Orley Ashenfelter, and David Ashmore and Robert LaLonde. Chance, Vol. 8 No. 4, 1995.
12. Unmixed, non-verticals from Sotheby's, Christie's, Acker Merrall & Condit, Zachys, Hart Davis Hart
13. This article was based on auction sales of Champagne at Sotheby’s (NY, HK and London), Acker Merrall & Condit (NY, HK), Zachys (HK, NY), Hart Davis Hart (Chicago) and Christie’s (HK, NY, London) between 1 January 2006 and 31 July, 2011 – a total of more than 6,300 auction lots. The records are based on unmixed, non-verticals.
14. In some tables lot values are reduced to their 75cl standard format and prices recalculated accordingly, eg if a magnum 1.5l lot sells for £500, the 75cl equivalent is £250. It is worth noting that there are significant premiums attached to larger formats which tend to skew the results where this calculation has been used depending on the underlying sales data.
15. All prices include buyers’ premiums.
16. Average prices (where stated) are obtained using a proprietary weighting by quantity sold.
17. The Wines of Bordeaux Vintages and Tasting Notes 1952-2003. Clive Coates MW. Published by Weidenfeld and Nicholson, 2004.
18. Fine Wine magazine - Spring 2009. The Bordeaux Negociants p23
19. FineWinePress.com: Scores - Sense or nonsense?
20. Evolutions des notes - Robert Parker: B Leguern
21. based on one sample tasted at the Château in April 2009
22. FineWineJournal.com: Bordeaux 2008 - the Year of the Price
23. Price at time of going to press (not auction
24, 26, 27. Any price shown is 'release' price in the specified currency
25, 44. Mar 2012
28. where no year given this is the standard assemblage or capability
29. where no year given this is the average expectation
30. Too much water may lead to dense foliage which restricts fruit exposure and larger more dilute fruit, compact clusters and unsanitary conditions e.g. mildew, grey rot. Good drainage counteracts some of the problems caused by heavy rainfall. Too little water and vine growth is stunted and maturity delayed. Non-functioning leaves (no photosynthesis) can also inhibit ripening. Whilst sugar can increase this is only as a percentage of the juice which is already lower in volume. Late stress can affect the flavours too. Excessive stress tends to produce wines which are of lower flavour which are less complex, less ripe, lower volume and with less aging potential.
31. Rapport du millésime proposé par la Faculté d'oenologie de Bordeaux
32. Release prices from Leguern.fr
33. Sales dates for wines sold at auction
34. 7/11/2010
35, 36. 23/06/2010
37. 05/11/2010
38. 5/6/2010
39. based on records up until the end of April 2011
40. Foire aux vins
41. https://bleguern.fr/blg/primeur/
42, 43. There are 12 women who work in the vineyard undertaking all the tasks there. Each woman is responsible for 30,000 feet (vines) which corresponds to a parcel (approximately 30-34,000 vines). Each parcel has 45 rows and each row is 1,000m long. Thus, each woman who works in the vineyard walks 45km along the row, and 45km back, and works each row 11 times during the year. Each woman thus walks a minimum distance of almost 1,000km per annum. This is an enormous physical effort, quite apart from the work involved at each vine or post.
45. Acker Merrall & Condit, 18 October, 2008
46. 18 October, 2008
47. Acker Merrall & Condit 31 May, 2008
48. 15 October, 2009 London Sale no. 2245
49. A magnum selling for $5,808 by Acker Merrall & Condit on 7 November, 2008
50. Sotheby's Finest and Rarest Wines, Featuring Treasures from the Cellars of Château Pichon Longueville Comtesse de Lalande 12 November, 2008
51. Christie's New York, 17 November, 2008
52. Magnum sold by Acker Merrall & Condit in Hong Kong in November, 2008 for $10,625
53. 2005 sale figure
54. Jan 2000-Dec 2008
55. Double magnum
56. 18 October, 2008, Acker Merrall & Condit, New York
57. All tables are based on auction data from the houses specified for the period 1/5/2010 to 30/4/2011 (unless indicated otherwise). The data file used in the preparation of this article for this period excluding mixed/verticals consists of more than 50,000 individual lots
58. artprice.com
59. GroupM Knowledge – HurunWealth Report 2011
60. Sotheby’s London, Hong Kong and New York; Christie’s London, Hong Kong and New York; Zachys Los Angeles, Hong Kong and New York; Hart Davis Hart Chicago and Acker Merrall & Condit New York and Hong Kong
61. from a total of 61 auction records between 2003 and 2009
62. Sotheby's Finest and Rarest Wines, Featuring Treasures from the Cellars of Pichon Longueville Comtesse de Lalande, 12th November, 2008. Sale no.L08611
63, 67, 68. Bordeaux Bourgogne - les passions rivales. Hachette Litératures. 2005. Jean-Robert Pitte.
64. All prices include Buyers Premium which vary according to location and auction house and were for the period 2009 – 2012.
65. Many lots of top Burgundy are sold as 'Assortment'. This article only uses whole lots with exclusive vintages/growers/bottle sizes. Bottles are converted to standard equivalents of 75cl.
66. Amongst auction records for Montrachet some are undefined in terms of their producer but these make up less than 20% of the total value covering all traded vintages for the period. It is also likely that many of these are the top-traded wines.

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