Ditton Wine Traders’ fine wine blog
12 September 2011Lynch Bages ratings revised by Robert Parker

by Mark Schuringa

and James Swann
In a vertical tasting of Lynch Bages vintages spanning 1981 to 2010, Robert Parker – the wine trade’s most influential critic – has conducted an extensive review of one of Bordeaux’s most enduring chateaux, re-rating the wines accordingly.
Perhaps unsurprising, this has lead to some price adjustments as well as a spike in activity. Why this particular chateau was chosen, while not explicitly referred to on Parker’s website (erobertparker.com), quite likely has to do with Lynch Bages’ enduring popularity, not just both sides of the Atlantic, but, of late, as one of the handful of chateaux taking the lead in China-and Hong Kong. Furthermore, the chateaux, which has consistently punched above its fifth growth weight, has (along with its ‘flying fifth’ peer Pontet Canet) seen a significant re-positioning in the market of late. The pricing appears to be holding, even in the recent climate of price drops. Lynch Bages is arguably the strongest Bordeaux brand behind the 1st Growths, with very strong trading volume, so this re-rating is well worth having a look at:
Lynch Bages re-rated
| vintage | new rating | previous rating | change | price |
|---|---|---|---|---|
| 1989 | 99 | 95 | +4 | £3,000 |
| 1990 | 99 | 97 | +2 | £2,900 |
| 2000 | 97 | 95 | +2 | £2,000 |
| 2010 | 95-97 | 95-97 | 0 | £1,250 |
| 2009 | 94-96+ | 94-96+ | 0 | £1,300 |
| 2003 | 95 | 89 | +6 | £1,150 |
| 2005 | 94+ | 91 | +3 | £1,100 |
| 2006 | 94 | 92 | +2 | £925 |
| 1986 | 94 | 92 | +2 | £1,350 |
| 2008 | 93 | 93 | 0 | £900 |
| 1996 | 93 | 94 | -1 | £1,450 |
| 1982 | 93 | 94 | -1 | £2,800 |
| 1999 | 90 | 90 | 0 | £900 |
| 1985 | 90 | 92 | -2 | £1,700 |
| 1995 | 89+ | 91 | -2 | £1,400 |
| 2007 | 88 | 89 | -1 | £780 |
| 2001 | 88 | 89 | -1 | £950 |
| 2004 | 87 | 89 | -2 | £850 |
| 2002 | 87 | 88 | -1 | £900 |
| 1998 | 87 | 89 | -2 | £1,000 |
| 1981 | 86 | 85 | +1 | £850 |
| 1983 | 81 | 89 | -8 | £950 |
In total, 8 vintages received a higher score and 10 vintages were downgraded. The 1989 and 1990 duo both now have 99 points, which caused many traders to snap up the few remaining cases they could find. The prices as stated reflect this. The 2003 vintage, of which it's a bit easier to find stock of still, received the biggest upgrade. Before the new score, the market price was around £850 whilst you'll do well to find it at £1,200 now. Even so, we feel this vintage will go up in price further as it is now one of the highest scoring vintages and availability will rapidly decrease.
The 2009 and 2010 duo also seem to be attractively priced, given enough time. Looking at above list, we feel that any vintage receiving more than 90 points and trading below £1,000 is also a buy. This is true for the 2008 but particularly for the 2006.
Have a look at our list of Lynch Bages. It's becoming increasingly difficult to source Lynch Bages, even the younger vintages so if above appeals to you, don't wait too long.
Categories: Investment • Bordeaux


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