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INVESTMENT OFFER: CALON SEGUR 2003 |
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Calon Segur 2003 (94 pts)
£650.00
per 12 bottles
(UNIT PRICE - EXCLUDING MANAGEMENT FEE)
'The sleeper of the vintage'
(Suckling)
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Key Points
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In line to be rescored in March 2014 edition of The Wine
Advocate.
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Compared by Parker to 1982 which trades at upwards of £2500.
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Reduction in supply as wine has reached drinking window.
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If rescored up, will become best scoring Calon Segur since
1953.
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St. Estephe region produced high quality wines in 2003
(Montrose 97+ pts & Cos d'Estournel 98 pts).
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Chinese demand increasing for wines around £40-£80 per
bottle (CIVB Report).
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Estate just been included in Tim Atkin's top 10 underrated
wines.
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"Bottled in July, 2005, the saturated ruby/purple-colored
2003 exhibits a tightly-knit, but promising nose of
mulberries, blackberries, cherries, and hints of new oak and
truffles.
This 60% Cabernet Sauvignon / 40% Merlot blend possesses a
gorgeous texture as well as an expansive, exotic softness,
and 13% alcohol (according to the proprietor, Madame Denise
Gasqueton).
Generous and rich, this high class, full-bodied wine will
undoubtedly be more approachable than its closest spiritual
sibling, the 1982. Anticipated maturity: 2009-2030."
Score: 94 |
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Robert Parker,
Wine Advocate (164)
April 2006 |
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Previous Scores / Notes
Parker initially scored the wine 95-97 points in
barrel, stating it was a 'compelling effort from Madame
Denise Gasqueton, the 2003 Calon-Segur displays a stunning
similarity to the 1982' but noting it would close down in
the coming years, which it did do, falling in score from
95-97 to 94-96, then finally to 94.
However, given the note
above, we feel this wine is well on its evolutionary course
and three years into its optimum drinking window (2009-2030)
the wine will have reached its full potential which leads us
to believe that this wine could get re-scored positively by
Parker perhaps nearer to his original assessment. |
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Calon Segur 2003 
As the graph above outlines, growth for the 2003 has been
strong and without the rescore would represent good value
and growth potential. Factoring in the upside potential of a
positive rescore, the 2003 will move closer in trading price
to the 1982 across the short to medium term. Within this we
would forecast 30-40% returns within the next 2 years.
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Calon Segur 1982
Furthermore, there is extremely limited availability of the
1982 and 1988 listed on Liv-ex (5 -1982 and 2 -1988
respectively.) This trend appears to continue through to the
2003 and 2009, where there are 48 listed of the 2003, and
106 listed of the 2009.
With the impending rescore, and the
fact the 2003 has entered its drinking window the supply and
availability of the 2003 is likely to decrease heavily
across the next 2-3 years. This will have a significant
impact on the price going forward.
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Calon Segur as a Brand
The French insurer, Suravenir Assurances, finalised their
purchase of Calon-Ségur in July 2012, with JP Moueix (owners
of Petrus) taking a minority stake. The sale broke all
previous records for Bordeaux with the transaction
equivalent to around €2 million per hectare. This is likely
to drive the brand development and international awareness
of the Chateau - which will have a positive impact on back
vintages, especially those that represent the pinnacle of
this estate's winemaking such as the 2003.
The impact of increased brand awareness and a strong market
sentiment for an estate has been evidenced by Chateau Pavie.
The estate was reclassified to Premier Grand Cru Classé A
last year, and in turn strong back-vintages have been in
high demand. This has had an extremely positive effect on
pricing with the 2000 increasing by over 30% in value in a
single year.
The 2000 is the best Pavie ever produced and if the Calon
Segur 2003 is rescored up, it will own that title from its
estate, putting the spotlight on both the wine and its
brand. Which as we have outlined is growing and improving
all the time, due to strong ownership and direction from one
of the world's leading businesses.
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Conclusion
Given the analysis outlined above, we feel the 2003 is
extremely undervalued and given the upside potential of the
rescore in February next year, represents a great buying
opportunity to both new and existing clients.
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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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