Chateau Petrus named king of wine investments
Garnered by collectors and connoisseurs alike, the global demand for Chateau wines has enormously increased over the years, as it has successfully turned out to be a safe haven for investors. For the note of fine wine investors, one of the world’s most celebrated, distinguished and most expensive wine, Chateau Pétrus has now been dubbed as the ‘king of wine investment’ by Christie’s wine specialist Anthony Hanson at the Fine and Rare Wine Specialist course in Vienna’s Palais Coburg on July 2nd. Before declaring Chateau Pétrus as the king, Hanson assessed the price performance of a range of collectible and top wine labels, and figured out that Pétrus has yielded 14% of average annual return all the way through bull and bear markets. However, we have also earlier seen that Pétrus vintage 1961 wine lot got sold for a record-breaking $144,000 at Christie’s wine auction.
Wine specialist Anthony Hanson further stated that Pétrus, a Bordeaux wine estate located in the Pomerol appellation has produced “so many great vintage from 89 onwards”, and praised the property for creating fine wines of true ‘purity and richness, and for not being dominated by new oak. The wine specialist also attributed Pétrus dependability on the fact that it’s certainly not modern winemaking technology that is driving that wine, but the estate favoring traditional winemaking methods instead.
And, focusing more at what to buy for investment, Hanson stressed the need for connoisseurs and fine wine investors to focus on the ‘big ten’ from Bordeaux, France’s largest wine growing area which includes all the 5 first-growths, as well as Pétrus, Cheval Blanc, Ausone, Le Pin and Lafleur.
Also, we have seen that Chateau Lafite Rothschild has been the most expensive single wine lot auctioned by Sotheby’s, besides the sale of rare Domaine Romanée-Conti which is expected to fetch $105,000 at Fine Wine auction.