The bull year has become very influential in the Asian secondary market trade.
Image courtesy of: wineinfo.com
This year, the most important Chinese holiday, the Lunar New Year (Spring Festival), will fall on Friday, Feb. 12. According to the Chinese zodiac calendar, 2021 is the year of the Ox; Ox years include 2009, 1997, 1985, 1973 and 1961.
The importance of the bull vintage has been reflected in Asian buying demand. The most recent bull vintage, 2009, has become the second highest traded vintage since 2021.
As the chart shows, the 2009 vintage in Asia was dominated by Bordeaux (71.1%), with the remainder split between Burgundy, Champagne, Australia and, to a lesser extent, Italy (Piedmont).
Widely acclaimed and Parker"s favorite, the 2009 Bordeaux vintage has long been a favorite among Asian buyers. It is therefore not surprising that the 2009 vintage is the highest value Bordeaux vintage traded in Asia today (13%) by 2021.
The Bordeaux 2009 vintage was released during a China-led bull market that pushed demand for Bordeaux wines in the Chinese market to its peak. In the year prior to the release, the Bordeaux 500 Index grew at an average rate of 1.8% per month.
Robert Parker, the most influential Bordeaux wine critic of the time, was full of praise for the 2009 vintage. After an initial in-barrel tasting, Parker claimed that for some of the Mdocs and Graves Graves wines, 2009 was probably the best Bordeaux vintage I had tasted in 32 years. Two years later, when the vintage was in bottle, Parker reconfirmed: "The 2009 is the most outstanding Bordeaux vintage I have tasted since 1982; a much improved modern version.
Other wine critics agree. We have a list of the top 10 Bordeaux wines of the 2009 vintage, each achieving (by different wine critics) a perfect score of 100; these are the wines that have increased in price the most since their release in 2010.
Such as Beausejour Duffau Lagarrosse 2009, described by Parker as a modern legend, is undoubtedly the most outstanding Beausejour-Duffau since the 1990 vintage, returning 187%.
The Clos Fourtet (RP 100, LPB 95) was described by Parker as one of the finest young Bordeaux he had ever tasted (2011), and despite only scoring a Lisa Perrotti-Brown MW 95 points eight years later, it also increased in price by over 180%. To this day, the top-ranked wine continues to prove Parker's influence in the Bordeaux market; adding to those who purchased it at the time of release in the Year of the Ox.