Problems viewing this email? Please select 'always display images' or click here
ENQUIRIES: +44 (0)20 8332 9386             WWW.WINEINVESTMENT.COM
Cult Wines - Solutions For Fine Wine

INVESTMENT OFFER: CHÂTEAU ANGELUS 2010
Château Angelus 2010
£2,350 unit price per 12
(EXCLUDING MANAGEMENT FEE)

"This is the greatest Angelus ever for me" James Suckling


Key Points
98 score from Robert Parker Jnr.

99 score from James Suckling.

Still remains undervalued since re-classification in September '12.

Right Bank is the best performing Bordeaux index over the last 14 months.

Placed 2nd in 2013 Liv-ex Power 100 - the annual list of the most powerful brands in the fine wine market (ranked 23rd in 2012).

Placed 4th in 2013 Liv-ex Value 100.

£2,500 elsewhere on the market.

Comparable vintages:
-  2000 (97 pts) £3,500
-  2005 (98 pts) £2,700
-  2009 (99 pts) £2,650
Tasting Notes
"An absolutely spectacular wine from this estate, run with meticulous precision by Hubert de Bouard, the opaque bluish/purple 2010 Angelus offers up a beautifully sweet smorgasbord of aromas ranging from blueberry pie to espresso roast, white chocolate, creme de cassis, licorice, truffle and a touch of lead pencil shavings. There is even a floral underpinning to this extraordinary, highly-scented, full-bodied wine. Rich, layered and built like a skyscraper, this multi-dimensional Angelus has lavish concentration and moderately high tannin, but it is sweet and well-integrated, as is the oak. Just enough acidity provides focus and delineation to this exceptionally well-endowed wine, which should hit its prime in 7-10 years and last 30-40."

Score: 98
Robert Parker, Wine Advocate #205
February 2013
"The nose is impressively rich with an opulence and sexiness with earth, berry, spice and chocolate character. Black truffles! Full body, with seamless tannins and beautiful richness. It goes on for minutes. The layers of fruit and ripe tannins are phenomenal. This is the greatest Angelus ever for me. Try in 2018."

Score: 99
James Suckling, JamesSuckling.com
February 2013
Brand

Passionately managed for over four generations, Angelus is owned and run by two cousins, Hubert de Boüard de Laforest, and Jean-Bernard Grenie and is located in the centre-west of the St-Emilion appellation, due west of St-Emilion town.

Angelus's vineyards, 57.8 acres, situated less than a kilometer away from the famous St Emilion steeple, enjoys a perfect southerly-exposed slope - Cabernet Franc (which makes up 48% of the blend) is grown at the bottom of the slope, where the soil is sandier and warmer, while the Merlot (50% of the blend) is grown in the limestone-rich clay soils at the top of the slope.
 

Investment Analysis

Right Bank wines have posted the most consistent growth rates from Bordeaux, with the Liv-ex Right Bank 100 now having posted 15 months consecutive gains. Shown below, a breakdown of the components of Bordeaux 500 (Liv-ex's most comprehensive index and reflects trends in the wider fine wine market. It represents the price movement of 500 leading wines and is calculated monthly using the Liv-ex Mid Price.)
 


This index is dominated by the Right Bank 100, which has drawn a lot of market attention over the last couple of years with investors focusing on quality as well as 'value for money'. A large portion of this growth can be attributed to the reclassification of Angelus and Pavie.

 
Reclassification

In September 2012, the results of the long-awaited St Emilion re-classification were announced. The big winners were Angelus and Pavie, which were upgraded to Premier Grand Cru Classe A to sit alongside Cheval Blanc and Ausone. In the year since then, both have seen solid activity on the secondary market, and substantial price rises across all recent vintages.
 


 

It's clear that the reclassification to Premier Grands Crus Classés A has been a tremendous boost for Angelus. The 10 youngest physical vintages (prior to 2010) have seen the following growth rates:
 


 

As a comparison, the following shows similarly scored vintages from the two brands that already existed in this top classification, Cheval Blanc and Ausone:
 


 

Whilst it is not realistic to expect Angelus to reach these prices overnight, it is a clear indication of how undervalued this vintage is and acts as a superb benchmark for the longer-term growth projections. Since the price correction in 2011 and early 2012, the market favours smaller-production estates who produce consistent, high-quality vintages and have kept value-for-money at the top of their priorities.
 


 

Power 100 and Value 100

In November, Liv-ex and The Drinks Business released the 2013 edition of the Power 100 (annual list of the most powerful brands in the fine wine market) and Value 100, which focuses solely on Bordeaux wines that have achieved an average score of more than 90 points. In order to identify lower-priced buying opportunities, all of the labels that are trading at more than £2,000 per case are removed.


For the first time in its eight year history, the Power 100 list was not topped by a First Growth or DRC. Instead, the #1 and #2 spots were taken by Pavie and Angelus respectively; a testament to the importance and legitimacy of their recent status upgrade. Angelus deserves particular attention for its meteoric rise from its previous rank of 23 in 2012.


To reinforce its position in the market, it went on to place 4th in the Value 100.

 

Investment summary


   Short-term growth projections of 25-45% (2-3 years).
   Medium-term growth projections of 60-100% (3-5 years).
   Market sentiment for Right Bank extremely positive.
   5% below the rest of the UK market.
   Value & growth potential vs. other top Right Bank estates.
 

Reg. Company No: 06350591 | VAT No. GB 129 9514 84 | St Andrews House, Upper Ham Road, Richmond TW10 5LA.

© 2013 All Rights Reserved. Cult Wines Ltd & Wineinvestment.com | You must be 18 or over to order.
ENQUIRIES: +44 (0)20 8332 9386             WWW.WINEINVESTMENT.COM