En Primeur 2010 Day 1 - Afternoon Session

by The Antique Wine Company 5 April 2011 09:23

After a lunch at Le Savoie in Margaux, our next appointment was conveniently close and our very first Premier Cru of 2010. As ever at Chateau Margaux, Paul Pontallier and Corinne Mentzelopoulos were there to welcome us, not forgetting Corinne’s faithful hound, Zorba who was clearly enjoying the spring sunshine and a considerable amount of attention from the international visitors.

Above: Discussing the vintage with Paul Pontallier

However, it was Aurelian Valance who lead us through the wines that we had come to taste. This year, Margaux has just announced that it is to make a third wine for the very first time so the Pavillon Rouge has benefited from even stricter selection than usual. According to Aurelian it is the best that Margaux has ever been made – better even than 2009 and I tended to agree. The wine is made up of two thirds Cabernet Sauvignon, 30% Merlot and a sprinkling (4%) of Petit Verdot for seasoning.

This was certainly an exquisite Pavillon Rouge – chock full of red and black fruit, seamlessly bound up in a cloak of fine tannins. The length and texture was remarkable and it was a pleasure to taste – even now. 96 points.

Clearly, one of the keys to success in 2010 was to tame the off-the-charts tannin levels. Pontallier has done this brilliantly with the 2010 Grand Vin by not over-extracting the wines. Similarly, he has kept the alcohol in check too. The Pavillon Rouge comes in at 14% while the Margaux has a cool and balanced 13.5%. This is largely due to the high percentage of Cabernet Sauvignon in the final blend – just over 90%, with 7% Merlot and 2% Petit Verdot.

As a result, the Grand Vin is more tannic and structured that the Pavillon Rouge – and therefore harder to taste at this impressionable age. It was also a much more classical Margaux than the hedonistic, voluptuous 2009. To me this was elegant, refined and not at all showy. The cassis fruit was pure and precise but perhaps a bit too restrained. There was a minerality here too and though not as generous as the 2009, this wine may well put on more fat as it ages. 96 points.

The Pavillon Blanc made from 100% Sauvignon Blanc and fermented in oak never fails to impress. Clearly 2010 is a serious vintage for white Bordeaux too. This was concentrated, complex, long and beautifully balanced. Sadly though, not enough wine is ever made. 92 points.

As we left, Margaux I caught up with Paul who told me that he had surprisingly received even more requests to taste at the chateau this year than in 2009. The same was true at Haut-Brion and La Mission Haut-Brion where owner Prince Robert of Luxembourg and winemaker Jean-Philippe Delmas were waiting on hand as we hurtled from one end of Bordeaux to the other to make our 5.30pm appointment.

It was also a record year in the vineyard at both Haut-Brion and La Mission. According to Jean-Philippe 2010 was the driest year there since 1949. Both he and Prince Robert were clearly delighted with the results. ‘The grapes were incredibly concentrated – particularly the Cabernets. The wines are much more structured than 2009.’

What appeared to save the day in 2010 was the counterbalancing acidity. However the drought did reduce yields. In the case of Haut Brion, it made just 7,200 cases compared to 10,500 last year. La Mission made 5,200 down from 6,000. We naturally wonder if this will have an impact on prices.

But perhaps the most significant numbers which were quoted in connection with these wines related to their alcoholic content. And once again, they were extremely high. For instance, La Mission weighed in at a massive 15,1% while Haut-Brion was up at 14.6%

Personally, I particularly liked the latter which had wonderful sweet black cherry fruit, liquorice and damsons. The tannins are dense but ripe and are matched by some fine acidity. Similarly, the finish was powerful and long. The wine was in total harmony and as a result, you simply don’t notice the alcohol. 98 points.

The La Mission has perhaps even more ripe, supercharged fruit, but because of its higher Merlot content (37% vs 23%), it tips the scales at the aforementioned weight of 15,1%. The tannin structure was also a bit looser and fleshier so the acidity seemed softer on the palate. In turn, this leaves the finish feeling just a little bit warm for my liking. This is still a great wine, but the Haut-Brion shades it for me. 97 points.

Above: Post Haut-Brion and La Mission Haut-Brion tasting. Visiting with HRH Prince Robert of Luxembourg

Once again, the whites from these two Pessac properties were magnificent and will provide wonderful pleasure to those lucky enough to secure an allocation. Only 500 cases of La Mission was made and just 450 of the Haut Brion Blanc. Both are blindingly good this year and it was impossible to rate one above the other.

La Mission Blanc is richer, denser and riper than its neighbour not least because of its assemblage – 81% Semillon and 19% Sauvignon. This has a wonderful life ahead of it thanks to its freshness, complexity and balance. 98 points.

Equally, the Haut-Brion Blanc is also a wine for the long haul. With just 46% Semillon it was clearly fresher, more mineral - more citrus than La Mission. But both are unformed at this adolescent stage. It will be exciting to taste them side-by-side when they have some serious bottle age. Right now, I give the Haut-Brion Blanc an equal 98 points.

So here ended our first day. It was already evident to me that Bordeaux has delivered another great vintage – albeit very different from the opulent, generous year of 2009.

Of course, some people may be sceptical that Bordeaux has produced two successive vintages of such scale and calibre. However, there are several precedents to this phenomenon; 1899 and 1900, 1928 and 1929 (I clearly remember debating at our Three Centuries of Lafite event whether the ‘28 Lafite is better than the ‘29!) A further duo occurred again in 1989 and 1990 and once more in 1995 and 1996.

Visit to Asia - Part III

by The Antique Wine Company 9 November 2010 12:29

Hong Kong

The Mandarin Oriental’s limousine is ready and awaiting my arrival in Hong Kong and I am immediately impressed with the efficient service that is the norm in this fast-paced city.

This landmark hotel is now managed by one of my very first Asian clients, Jonas Schurmann, who when I met him twenty years ago was the Food & Beverage Director at the legendary Oriental Bangkok.

Within two hours of my plane landing, I’ve checked into to my room, have showered fresh, and I am sitting at my desk in The Antique Wine Company’s Hong Kong offices enjoying the sunset view over Hong Kong’s exclusive residential district ‘The Peak.’

After taking care of a few administrative matters, my local director (Julien Froger) and I set off for dinner with ‘Mr. Pavie,’ one of Hong Kong’s numerous wine collectors. We dine at Cepage, a Michelin-starred restaurant owned by an Antique Wine Company client from Singapore, and take pleasure in a dinner that would knock the socks off many meals at notable European restaurants.

During the evening we compare the various virtues of La Mission Haut Brion versus Chateau Haut Brion from the now deliciously drinkable 1999 vintage. The La Mission is deep and powerful, with an austerity that will serve the wine well for a long life yet to come. The Haut Brion is more about elegance, finesse, and the classic minerality that for me is the hallmark of this great wine.

Afterwards it is back to the hotel for a mandatory nightcap and some time to play catch-up on the ever-growing email inbox because the European business day is still in full swing. I am finally ready for bed around 2:00AM, which I take as a good indication that my jet lag has reduced itself from seven to a mere three hours of discomfort.

The following two days are spent in client office meetings and hashing out deals over lunches and dinners. It is a very full agenda, but I also manage to sit for an interview with the Wall Street Journal about the phenomenon of the Hong Kong wine market. The interview includes making a visit to a private wine cellar at a spectacular home on Hong Kong's famous St. Andrews Golf Course, which is located about an hour drive away in the New Territories. Here we see another side of Hong Kong which reminds me of Gibraltar twenty years ago.

My final day in Hong Kong includes a visit to our logistics company. They provide us with a very secure and temperature-controlled storage facility in the Sha Tin District. The visit is followed by lunch with another one of our importers/exporters to mainland China. Over the best Dim Sum lunch I have ever tasted we talk about the Chinese market and how consumers are now developing interest in wines other than just Chateau Lafite.

While Lafite looks certain to remain the iconic wine for gift-giving, it seems there is a rapidly growing demand for many other Grand Crus and their second wines.

We spend some time studying the 1855 Classification in detail and interpreting the Chinese translation of each name. Leoville Las Cases, for example, means “Wine of the Lion.” Angelus is translated as “Golden Bell.” In China it is not only the taste of the wine but also its name, its meaning and its price that are important factors in the market.

I manage to get an hour in at the Mandarin Oriental's spa before my final dinner, a meal with one of Hong Kong's most prolific collectors, ‘JC.’ We meet at one of his buildings in the former manufacturing, but now choice residential, area of Kowloon.

It is a modest 50-storey affair, about the same size as London's Park Lane Hilton, and inside JC has installed two wine cellars.

One cellar houses about 10,000 bottles of his personal wine collection, and the other is divided into 100 smaller lockers which are rented out to fellow wine collectors for their own storage. "It’s just a hobby business," he tells me casually as we sip on Pol Roger's 1998 Cuvee Winston Churchill and tour his personal cellar - which seems to contain every great wine ever produced. We examine cases of DRC, Comte de Vogue, and Comtes Lafon going back to the 1950's, along with Petrus, Cheval Blanc and all the other First Growths.

Later, over a Japanese dinner in his boardroom, we share Louis Latour's 1989 Corton Charlemagne, Bouchard Pere et Fils Batard Montrachet 2000, Armand Rousseau's Gevrey Chambertin Clos St Jacques 2000, and Chateau Palmer 1983. It is a delightful finale to my three day visit to Hong Kong, and I am dropped back at my hotel with enough time to pack for my 5:00AM departure.

However, as I step into the hotel elevator, out walks ‘Charlie’ - one of our longest-standing clients from Bangkok. What a coincidence in this small world!  Charlie, who is now running JP Morgan's Hong Kong office, and I enjoy a nightcap at the bar together, a drink well worth it because I pick up an order for a few more cases of 1982 First Growths, including a case of Chateau Latour in superb condition that we acquired recently in a cellar purchase in Switzerland.

Thank goodness I am able to get some sleep on my Singapore Airlines flight back to Europe the following day. That is of course after the Krug, caviar, and roast lamb washed down with plenty of their standard Bordeaux - Chateau Cos d'Estournel 2004!
 
For The Antique Wine Company, Asia is currently the fastest growing sector of our customer base, but we still don’t know enough about our clients there. They remain a complex mix of wine traders, hoteliers, and private collectors. During the coming year my objective is to get to know them and their needs better.

Travel arrangements booked by Amex Platinum Travel Service.



About the author

Stephen Williams

Stephen Williams, Founder and CEO

Stephen Williams began trading as a wine merchant in 1982 and wishes he had stocked his cellar with Château Pétrus on day one. Since founding The Antique Wine Company,  Stephen has built The Antique Wine Group into an organisation with clients in 63 countries and a global network of offices, representatives and business groups. Regarded as one of the world’s leading experts in fine and rare wines, he has created some of the greatest wine cellars and collections in existence – in châteaux, palaces, wineries, hotels and private residences across Europe, Asia and North America. As a popular commentator on the wine industry, fine wine investment and the global wine market, Stephen is frequently quoted by both the UK and international press corps. Along with his regular lectures at AWC Wine Academy, this blog offers a behind-the-scenes view into the world of fine wine.

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