Investor Overview

Initially, American critics like Robert Parker and investors from the same region were responsible for the coining of the term ‘Super-Tuscan’ and for their rise and rise within the world of wine investment. Within these, Tenuto dell’Ornellaia is one of the most innovative and the main rival to Sassacaia, the estate where the Super-Tuscan trend was born. The wines of Italy have been become an ever-more appealing alternative to those of Bordeaux when it comes to investing and collecting over the past ten years. They are increasingly gaining visibility and favour in Hong Kong and the Far East market in general, where Super-Tuscans are seen as a safer buy and where a trend for pairing Italian wines with indigenous cuisine is emergent.

As a component of varied investment portfolios, these wines are becoming ever more significant. The Liv-ex Super-Tuscan 50 Index, compiled of the last ten vintages of Ornellaia, Masseto, Sassicaia, Tiganello and Solaia, has outperfomed the Liv-ex 50 (Bordeaux First-Growths) since 2007, showing overall returns of 76% over a five-year period, with the wines of Tenuto dell’Ornellaia leading the charge. Masseto, has experienced the greatest growth in the index with a remarkable increase of 110%, followed closely behind by its older brother, Ornellaia.

Interest in Masseto has accelerated particularly in 2011 and into 2012. The 2006 with its 99-points from Suckling, Parker and many others has seen particularly high demand, pushing its price up into the realms of the Bordeaux First-Groths outpricing all its equivalents there, save for Chateau Lafite-Rothschild. Masseto’s status as a single-vineyard cuvee, coupled with low production has driven desirability, and as a result ever-strengthening auction performances over the last 10 years.

Trade in Ornellaia is very busy, currently accounting for a third of the total Italian wine trade on Liv-ex, and traded far more frequently than First-Growth Lafite. Market sentiment has been towards value-for-money in the last 6 months and when considering the most recent physical vintage, Ornellaia 2009, awarded 97-points from both Parker and Suckling is just a fifth of the price of the cheapest Bordeaux First-Growth equivalent, Chateau Margaux.