• Anthony Maxwell - Source:

Five Times Robert Parker Moved the Bordeaux Market

With the recent news of Robert Parker's retirement, Liv-ex looks back at just five times - of very many - that the famed wine critic moved the Bordeaux market.

Robert Parker

2009 Haut-Bailly

Parker first published his 100-point review of the 2009 Haut-Bailly in the Hedonist's Gazette (Nov 2014) following a private dinner at the Château. The market responded rapidly: three days after the score was announced, its trade price had increased from £775 per 12x75 to £1,125 - a 45.2% gain.

Six months later, the wine saw a further uptick after the review was officially added to The Wine Advocate archives.

Haut Bailly 2009

2005 Bordeaux

Parker's influence on Bordeaux 2005 began months before his 10-year retrospective review of the vintage was even published (June 2015).

In the six months leading up to the report's publication, Liv-ex observed a period of increased trading activity for the vintage - and rising prices. Upgrades for several 2005s in late 2014 and early 2015 led to speculation that further upgrades would follow, resulting in a "ripple effect" of price gains across the vintage.

When the report was eventually released, it emerged that several wines tipped for an upgrade didn't achieve three digits. The 2005 Mouton Rothschild for example, received 97 points and saw its price drift over the months that followed.

2005 Mission Haut-Brion

The 2005 Misison Haut-Brion was a beneficiary of Parker's 2005 report, as it was upgraded from 98+ to 100 points. "Pure perfection" and a "modern day legend," Parker comments. "This is a fabulous wine and a great effort from this hallowed terroir."

Parker had hinted at an upgrade back in August 2012 ("If everything comes together in 10 to 15 years, this brilliant 2005 should merit a triple digit score"). With buyers anticipating a bigger score, its price began to creep up at the beginning of 2015. Between January and June 2015, when the score was revealed, its trade price moved from £3,200 to £4,506 - a staggering 47.7% increase.

Mission Haut Brion 2005

2010 Montrose

The upgrade for the 2010 Montrose came at the end of a period of declining prices for the wine: between March 2013 and May 2014 its trade price dropped 32.3% - from £1,600 to £1,100 per 12x75.

Parker increased its score by just one point - from 99 to 100 - in August, calling it "among the greatest vintages ever made in Montrose." What the wine lost in over a year, it regained in a single day following Parker's announcement: on the day of the upgrade, it traded at £1,650.

Montrose 2010

1989 Haut-Brion

Parker has been effusive in his praise of the 1989 Haut-Brion, publishing 100-point scores for the wine on six separate occasions - as well as 98-100 in barrel. He calls it "one of the immortal wines and one of the greatest young Bordeaux wines of the last half-century... a seamless, majestic classic."

As the chart below shows, this Parker favorite commands a significant premium on other Haut-Brion vintages: its market price is 139% above the 2005, the next highest of the last 20 vintages.

Parker concludes: "Life is too short not to drink this wine as many times as possible!"

Haut Brion - Market Prices

Read the full article at: https://winejournal.robertparker.com/five-times-robert-parker-moved-the-bordeaux-market

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