New Release – Figeac 2017, 12×75, £1,475, 95-96 Pts

figeac

Chataeu Figeac 2017 has also released, currently viewed as one of the most hotly sought after and allocated wine in Bordeaux. It was one of the wines of the vintage in 2015, 2016 and in 2017 its run of form continues. It has been released this morning for £1,475 per case of 12, or £737.50 per case of six. In 2017 it has been awarded 94-96 points from Lisa Perrotti-Brown and 95-96 from James Suckling, making it one of the greatest vintages. The 2017 price reflects a reduction of 21% in sterling to the 2016’s release price and a 24% discount to the current trading price. Moreover, today’s release price reflects 26% discount to the 2015, awarded 97+ points. However, Figeac 2017 is most comparable in terms of score to the 2009 and 2010 which were awarded 94 and 95 points respectively and are priced at £1,800 and £1,950. They therefore show a premium of 18% and 24% to the 2017. In 2017 production is down 50%, we can therefore expect demand to outstrip supply, as collectors continue their superb verticals of this great wine!

We marked out Chateau Figeac in 2014 as an Estate to focus on, the beginning of an upward trajecotry. Since then the average price per case has increased 85%. In 2013, Figeac missed out on being reclassified along with Pavie and Angelus to St.Emilion Grand Cru Classe A. Figeac has always been one of the finest St.Emilion wines and the owners are now intent on it achieving Grand Cru Classe A status. They took measures to achieve this by installing Frederic Faye as the Managing Director, who brought in Michel Rolland as a consultant. Figeac has always had a strong following amongst global collectors, with its incredible complexity and nuance deriving from the special blend of Cabernet Sauvignon (35%), Cabernet Franc (35%) and Merlot (30%).

 

Figeac WA JS Release Price POP
2017 94-96 95-96 £1,475 £1,475 98
2016 98-100 96-97 £1,860 £1,950 103
2015 97+ 97 £1,114 £2,000 118
2014 94 96 £575 £1,050 75
2013 91 92 £530 £850 77
2012 93 93 £525 £950 73
2011 90 93 £750 £900 90
2010 95 98 £1,800 £1,950 130
2009 94 98 £1,700 £1,800 129
2008 90 92 £495 £1,200 120
2007 85 n/a £500 £950 190
2006 91 n/a £480 £1,050 95
2005 90? 95 £650 £1,700 170

 

Chateau Figeac is also one of the oldest properties in Bordeaux, dating back to the 2nd Century under the Gallo-Roman Empire when a man named Figeacus built his villa on the site. It is unknown whether he planted a vineyard, but given that Figeacus was Roman and that the ruins of an ancient water supply system still remain visible point to the fact that the great terroir of Figeac was recognised nearly two thousand years ago. It is one of the principle great St.Emilion Estates and is once again competing with the Grand Cru Classe A and the price is increasing to reflect this.

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