When it was announced that Margaux 2015 would be released in a commemorative bottle, its bid price jumped from £6,600 per case of 12 to £7,500 in a matter of days – a considerable leap from its En Primeur price of £4,260. Today, it commands a market price of £12,000 – early buyers are no doubt delighted with these rapid returns.
The 98-100 point wine (Neal Martin) is in good company. The 1990, 1996 and 2005 vintages have also scored top marks, with the 2000 scoring 99, yet their prices remain comparatively low. As Liv-ex notes, the 1996, at £5,866, is available at a 51.1% discount to the 2015. How much of the 2015’s value, then, can be attributed to its unique bottle? And as Liv-ex questions, with the vintage becoming physical in the UK later this month and undoubtedly leading to increased trade, might some be tempted to switch vintages?