Carruades de Lafite 2018 - Good Upside Potential - Carruades 2018 is Joint Best Scoring Carruades of Modern Times, but Much Cheaper than most Back Vintages.

Why Buy This?

* Carruades de Lafite is the second wine of Chateau Lafite. It has been a strong investment performer over the past two decades and has a big global following.

* The pricing of Carruades in the secondary market is closer to a Champagne - in that all vintages tend to appreciate with age. So it is vital to buy Carruades at release when it is cheapest and allow it time to appreciate.

* But critic score is always important, and an average critic score of 93 makes this the joint highest ever scoring Carruades (with the 2010).

* In terms of what the 2018 can achieve in price appreciation, we look at the much lower scoring 2012 at £1375 / 6. That is 20% above the release price of 2018, when the 2018 is much better quality. We think the 2018 should trade above the 2012 in 2-3 years time giving the potential for 25%+ upside over this time horizon.

* Carruades is a controversial wine. Not everyone thinks the price should be as high as it is. And it is true that for £1,150 / 6 there are higher scoring wines you can buy. But on the trading desk here we almost never see sloppy offers of Carruades. On the contrary, we field calls weekly from Asian buyers looking for back vintages of Carruades and when we get them they always sell quickly.

* So from a purely investment perspective, Carruades 2018 is clearly a BUY at this price.

The Details

WineCarruades de Lafite 2018 (6x75cl)
Year2018
Score 97 (JS)
Price In Bond: £1,456.00
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