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INVESTMENT OFFER: LE PETIT MOUTON 2012 |
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Le Petit Mouton 2012 (90-92 pts)
�850
unit price per 12 EP
(EXCLUDING MANAGEMENT FEE)
'Highest Parker score for any Petit Mouton currently on the market'
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Key Points
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Highest Parker score for any Petit Mouton currently on the market.
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Low production levels of only around 3,000 cases.
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2nd Wine of Mouton Rothschild, which is the highest scoring 1st Growth from this vintage with (95-97).
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Cheapest vintage on the market by some distance.
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The average price of the last 10 vintages is c. �1,350.
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Strong demand in Asia market for Petit Mouton.
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Expect up to 50% growth in two years.
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"The 2012 Le Petit Mouton represents 38% of the crop, which is much
higher than the normal 25% that usually makes it into the second wine.
Composed of 79% Cabernet Sauvignon, 19% Merlot and 2% Cabernet
Franc, it reveals similar black currant liqueur notes, but they are less
intense and pervasive. Administrator Philippe Dhalluin has fashioned a
wonderfully opulent, round, juicy Petit Mouton exhibiting plenty of
chocolaty notes intermixed with a subtle hint of oak offered in a lush,
easily understood style.
Enjoy this charming, endearing Le Petit Mouton over the next 15+ years."
Score:
(90-92) |
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Robert Parker,
Wine Advocate
April 2013 |
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Petit Mouton Vintage Comparison
Produced from an exceptional terroir, Le Petit Mouton
de Mouton Rothschild is the second wine of Chateau Mouton
Rothschild.
*Robert Parker Jr only deemed Petit Mouton worthy of tasting
in its stronger years. Even in what he considers to be
'lesser vintages', the wines are trading over 135% higher
than the 2012.
Part of the reason for Petit Mouton's success in 2012 is
that a higher percentage of the first wine's (Mouton
Rothschild) crop made it into the second wine, pulling it
ever closer to the highest scoring 1st growth of the whole
vintage.
It is clear how undervalued the 2012 is when set against the
youngest physical vintage - 2010 - which currently trades
almost 60% higher. The highest scoring Petit Mouton on the
market is available so far below the trend for back
vintages, it is a no brainer of an En Primeur purchase.
Liv-ex [accessed 23/10/2013]
It can be seen from this graph, taken directly from Liv-ex, that
these comparable vintages have seen 12 month growth of between 15-38%;
and 5 year growth between 150-243%. As the 2012 release price reflects
in-line with these previous vintages we conservatively anticipate
similar growth projections, putting it as a firm short to medium term
stock recommendation.
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Outperformance of the General Wine Market in 2013
The current market for second wines is dominated by more
sellers than buyers, one of the key factors that has driven
down both prices and demand for wines such as Forts de
Latour, Carruades de Lafite and Pavillon Rouge de Margaux.
However, one that has continued to buck the trend throughout
2013 and has remained firmly in favour with the Far Eastern
market is Le Petit Mouton de Mouton Rothschild. It seems
that whilst we are transitioning through a period when first
growths and their second wines are struggling to find a
settled market, Le Petit Mouton is experiencing resurgent
demand and posts strong performance figures for the year.
The average performance for comparable, young Petit Mouton
vintages YTD is 12% and in the past 6 months have posted
average 3.75% growth.
One reason that demand is stronger than its counterparts is
the low production levels of around 3,000pa. Scarcity of an
asset has been a major factor to consider since the price
correction, with those producing under 8,000 cases per annum
generally benefitting most. Winesearcher.com and Liv-ex have
in the past both highlighted the fact that Petit Mouton's
price did not rise as stratospherically as the first growths
and the other second wines and therefore didn't experience
such a dramatic fall in price; subsequently it is more
appropriately priced in the current market.
Demand from the Asian market, has been one of the other
major factors for the wine's strong performance this year.
It seems Petit Mouton retains an unblemished profile with
Asian buyers and that has been reflected by both the strong
demand and trading we have experienced in 2013. Whilst we
have seen interest in Carruades, Forts and Pavillon cool
this year the same cannot be said for Petit Mouton.
David Wainwright, managing director of Zachys Asia Fine
Wine, further confirmed this opinion when he spoke to wine
writer Rebecca Gibb earlier this year explaining "Chateau
Mouton Rothschild has been doing very well in terms of
marketing and PR in Asia, especially mainland [China], this
brand-building helps the popularity of Mouton and makes
Petit Mouton stand out."
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Investment summary
� Zero downside risk
� Short-term growth projections of 50% (2-3
years)
� Medium-term growth projections of 80-120% (3-5
years)
� Limited availability
� Outperformance of General Wine market
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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. |
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