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INVESTMENT OFFER: SALON LE MESNIL, BLANC DE BLANCS, 2002

ORDER NOW SALON LE MESNIL, BLANC DE BLANCS, 2002

Salon Le Mesnil, Blanc de Blancs, 2002

£750 per 3*

*£3000 per 12

EXCLUDING MANAGEMENT FEE

 

 

Key Investment Points

 

  • BEST UK PRICE
  • 3,500 - 5,000 cases average production
  • 99 points from James Suckling
  • Comparable vintages:
    • 1996 96pts - £4,400 (47%)
    • 1990 97pts - £5,300 (76%)
    • 1988 94 pts - £6,500 (116%)
    • 1985 95 pts - £7,800 (160%)
    • 1982 95 pts (RPJ) - £6,600 (120%)
  • Champagne index has appreciated 31% over past 5 years- 10% more than FTSE 100
  • 308million bottles of Champagne were sold in 2014, totalling €4.5bn up from last year’s figure of €4.3bn – 2nd highest annual total posted since 2007.
  • Tom Stevenson MW, and world renowned Champagne expert recently named 3 different vintages of Salon le Mesnil in his 5 Greatest Blanc de Blancs Champagnes ever. (Mar ’14)

 

Champagne Salon Profile

Owner

Laurent-Perrier Group

President

Didier Depond

Production

40 – 60,000 bottles. Only 37 vintages ever released

Classification

DOCG

Appellation

Le Mesnil-sur-Oger

Interesting Fact

One bottle of the 1955 vintage of Salon was sold for a world record price of £3925 in 2011.

 

Estate Background

Only 37 vintages have ever been produced since wealthy furrier Eugène-Aimé Salon first began production of this original Blancs de Blancs Champagne in 1911.   Given that Salon is 100% Chardonnay, the volume produced each year is restricted, which alongside the infrequency of production compounds how rare this Champagne is.

Connoisseurs consider Salon to be the quintessential Blancs-de-Blancs Champagne.  Something that stuck with the late president of Laurent-Perrier, Bernard de Nonancourt.  During the Second World War he was one of the first allied soldiers to reach Hitler’s eagle’s nest where he had the opportunity to taste one of the 200 or so stolen bottles of the 1928 vintage.  In 1988 he fulfilled a lifelong ambition and bought the Champagne house.

 

Tasting Notes

The 2002 Salon is phenomenal quality. I tasted it in New York City yesterday. I was mesmerized. It is a subtle and intense Champagne that shows complex character of lilac, minerals, sliced lemon, apple, and white pepper. It is full body and dense yet racy and agile with a lightness and freshness. It has a gloriously long finish. It changes every moment in the glass. It has such clarity. It's magnificent to drink now, but shows great texture and structure for aging. Best since 1982. 99 points.

JAMES SUCKLING: JamesSuckling.com, October 28th 2014

James Suckling directly compares the 2002 to the 1982 which is becoming increasingly difficult to acquire and is currently available at £6,600 / 12.

 

Consensus Critic View

Over and above the opinion of one particular critic, the one thing that the 2002 Salon le Mesnil has garnered is universal critic appraisal. Across four of the most respected wine publications, JancisRobinson.com, Wine Spectator Magazine, JamesSuckling.com and Antonio Galloni’s vinousmedia.com it has achieved an average score of 97.75 pts.

Critic

Score

(actual)

JS

99

n/a

AG

96+

n/a

WS

98

n/a

JR

98

(19/20)

Average score

97.75

 

 

Investment Analysis

Vintage comparison

A simple comparison between the great Salon vintages over the past 30 years clearly shows that due to its high quality the 2002 is significantly undervalued.  With an average difference of 103.8%, this is an option which will add instant value to any portfolio.

Vintage

Release price

Price after 5 years on market

% growth

1996

£1,200

£2,200

83%

1990

£704

£1,056

49%

1988

£630

£1,467

132%

1985

£580

£840

44%

 

 

Average:

77%

Interestingly, a common theme with the best vintages of Salon is the rate at which they appreciate during the first five years that they are available on the market.  As shown in the above table the average growth for the initial 5 years on the market is at 77%.  The 2002 vintage is rated as arguably the highest quality that Salon have produced for the past 30 years so it is widely expected that this will follow suit.

The reason being that every vintage of Salon produced is aged for a minimum of 10 years before release onto the market, meaning that immediate consumption and a reduction in the availability will immediately impact the price of Salon vintages. This point is well emphasised as per James Suckling’s comment in his tasting note in October 2014 that the 2002 is ‘magnificent to drink now’.

 

1996 (96 points) - A Vintage Comparison

1996 (96 points) - A Vintage Comparison

Since 2008 (2 years after its release) the 1996 vintage has appreciated c.175%. The overall vintage for Champagne was of similar prestigious quality in ’96 and ’02, but scored at 99 points the ’02 vintage is considered the better individual wine. Due to how rare this Champagne is, it is fair to assume a similar trajectory for the 2002 vintage over the next 5-10 years.

Key Points

  • Highest rated vintage for Salon (99 points) for past 30 years
  • In terms of Champagne, it has micro production – 5,000 cases
  • Compared with ’96 which has appreciated 175% over past 7 years
  • Growth prediction of 70-100% over next 5 years.  If held for longer returns could eclipse 200% in line with previous vintages.
  • Demand for Champagne growing at a fast pace – with annual sales increasing year on year.

 

Special Salon Vertical Collection Offer

1955-1999 (19 vintages)

We are also pleased to be able to offer the opportunity to purchase a one-off VERTICAL COLLECTION of Salon Mesnil which spans 19 vintages from 1955-1999.

If you are interested to know more about purchasing this unique vertical collection, please get in contact with your Portfolio Manager who will be able to provide more details.

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

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