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Cult Wines Ltd
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Tignanello 2013 @ £525.00 per 12 - 97 pts JS
Tignanello 2013 @ £525.00 per 12 - 97 pts JS

'2013 Tignanello is the best I have ever tasted'
James Suckling - March 2nd 2016

Key Points:

  • 20-30,000 cases produced.
  • James Suckling's best ever scored vintage - 97 pts.
  • Potential to rival if not eclipse the 2010.
  • Italy 100 index leading 'Bordeaux alternative' index with YTD growth 2.41%.
  • Strong short, medium and long term growth benchmarks.
  • Low capital wine - global demand fuelled by consumption.
  • Global brand power - experiencing strong demand from Asia, Europe and the Americas.
  • Up 44 places on Liv-ex Power 100 list in 2015.
  • Approachable when young - supply/demand imbalance exacerbated heavily over the first 3 years.
  • Minimum order 2 cases (12x75cl).
Want to invest in Tignanello 2013?
Ask your portfolio manager or...

Italy 100 index - Teeing off

As documented in our recent newsletters it has been a superb start to year across all indices as the fine wine market gains traction amongst investors seeking safe havens and consumers seeking value. The leading sub index YTD is the Italy 100 showing 2.41% growth. The Champagne 50 leads way for MOM growth showing 1.87% - good news for those involved in our 2002 Champagne vintage focus last month. The comparisons between these two aforementioned indices draw closer still when looking at the 1 yr and 5 yr growth - within .07% and .02% of each other over the respective periods.

These short, medium and long term similarities give strong reason to suggest that well selected Italian holdings offer the same stability within a portfolio as vintage Champagne.

Furthermore, with far more restricted supply, there is every chance that the Italian market will develop beyond the Champagnes - certainly food for thought in one of the newest and fastest growth areas within the market.

Highlighted again below is that Italy has led market share across both January and February.

Estate Background

The wine that led the way for the Super-Tuscan movement which swept the world before it; the evolution of Tignanello represents a number of historic innovations for Italian wine: the first Sangiovese to be aged in French-style barriques, the first abandonment of the mandatory portion of white grapes in a Tuscan red wine blend and the first wine to adopt the non-native Cabernet Sauvignon. From 1971 to this day, Tignanello is around 85% Sangiovese, with Cabernet varieties making up the remainder. It is a warm, velvety and inviting wine with an opulent palate that often boasts black cherries, spices, vanilla and tobacco, and smooth, silky tannins.

2013 Vintage Overview:

In Tuscany the wines generally show lower-than-average alcohol levels, with crop sizes varying significantly depending on the region—some saw above-average gains, while others reported reductions of up to 30 percent. "Thanks to good [vineyard] management, the result was outstanding," said Giovanni Folonari, proprietor of Tenute Ambrogio e Giovanni Folonari. "All the grapes were in perfect shape and great balance. Although it's still early for a precise judgment, this year looks like one of the best [years] since 2001."

Bruce Sanderson (Wine Spectator)

When tasting the Sassicaia 2013 Larner commented that 'The 2013 vintage promises greatness'. She has yet to taste the Tignanello but bearing in mind her score for Sassicaia and her often similar views to Suckling - we are expecting lavish praise for Tignanello's latest offering.

Monica Larner (Wine Advocate)

As can be seen in the table below, this is the best scored vintage yet from Suckling. Noting that the wine is 'amazing' and 'so complex on the nose' and that the 'mouthfeel is magic'. There is significant weight here to engage buyers in what looks to be a vintage that can rival the outstanding 2010.

James Suckling

Tasting Notes

"This is amazing on the nose with blackberry black truffle, dried cherry and hints of tobacco. So complex on the nose. Almost no need to taste it. Full body, soft and velvety tannins, and a persistent, fabulous finish. The mouthfeel is magic. 80% sangiovese and 20% cabernet sauvignon. Drink or hold."

James Suckling, 97 pts, March 1st 2016.

Vintage Comparison - 'the best year since 2001'

Canvasing critic opinion available thus far, it is clear that the Tignanello 2013 is going to be right up there with the best they have ever produced. Early comparisons have been drawn with the 2010 that has already set off on its expected growth path. Suggestions that this could be the best year for Tuscany since 2001 must also be considered. If we take a long term view then it is worth referencing the long term consistency shown by the 2004 and 2001;

Quality vs Value

The graph below highlights the value on offer with the 2013 against other vintages, taking into consideration its highest ever score of 97pts from James Suckling.

*There is no price data for Tignanello 2002.

Tignanello has been a standout performer across our client portfolios and at a remarkably fair release price of less than £50.00 per bottle (in bond), this has to be considered as one of the best value buys from Italy.

We only have a modest allocation at UK market best and would therefore encourage our client base to contact their portfolio manager to secure this highly attractive option.

Key Investment Points:

  • Highest ever score (97pts) from James Suckling.
  • 2013s a very good year for Tuscany.
  • Offers value against older vintages.
  • 2007 trades at a 45% premium.
  • Very approachable in its youth, tends to lead to strong demand during 1-5 years, forcing price to rise steadily over this period.
  • Potentially compete with 2010 and 2007 - as one of the greatest Tignanello's of the past decade.
  • Min. order 2 cases.
Cult Wines Ltd

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