Following our Burgundy 2016 report yesterday we are pleased to release one of the best buys of the vintage. In the report, (click here to read) we posited that due to the extreme weather condition experienced throughout the vintage that quality is varied, the most heterogenous possibly ever. As such, 2016 means it is a stock pickers vintage, with such variation that a granular outlook is needed. We will only be releasing the finest this year, where the best plots are as good as 2015.
Today we are pleased to release the Grand Cru, Louis Jadot Chapelle Chambertin 2016. This has, over recent years, become a perennial must buy due to its high scores and superb price. Once again, in 2016 the high quality has shone through, awarded the same score as in 2015, a superb 93-95 points from the Wine Advocate. In fact, the 2016 will surely surpass the 2015, with Neal Martin suggesting; ‘As good, if not better than, the 2015 Chapelle-Chambertin from Jadot.’ He goes on to describe why ‘The 2016 Chapelle-Chambertin Grand Cru has a very well-defined bouquet, a melange of red and black fruit, truffle and smoke gently unfolding in the glass.’ The 2015 already trades at £930 per case of six, up 20% since release last year. We can offer the 2016 today at £800 per case of six, a very strong buy.
This price is particularly impressive when we consider the minuscule production of the 2016. It is noteworthy that the villages of Vosne-Romanee, Gevrey-Chambertin and Morey-Saint-Denis were largely unscathed by the extreme weather conditions and enjoyed an excellent growing season. Gevrey-Chambertin sidestepped any devastating issues and while down in volume, produced excellent wine. Chapelle Chambertin and Mazis Chambertin are up there with any vintage. This explains the stunning wine produced by Louis Jadot in 2016. In fact, it competes with numerous other leading names, which have or will release at far higher prices. This is demonstrated in the table below, where Louis Jadot Chapelle Chambertin trades at a large discount to the other leading wines at the same qualitative price point.
Maison Louis Jadot needs little introduction as one of the biggest owners and Domaines in Burgundy. They produce the full plethora of wines, including most of the leading Grand Cru plots. In recent years, their superb terroir has begun to compete with the leading bijou growers, yet at affordable prices for a leading Burgundy. No plot more so than their Domain Chapelle Chambertin. Chapelle Chambertin lies directly underneath Clos de Beze, where the soil takes on a pebbly, hard rock consistency, which is richer than the neighbouring Grand Cru, Griotte. The vineyard is 5.49ha, producing only 22,000 bottles and Louis Jadot produce on average less than 250 cases, in 2016 this is greatly reduced. Over the last 10 years Jadot’s Chapelle Chambertin has become one of the best performing reds of the Cote de Nuits, the 2002 and 2010 were awarded 97-99 and 94-96 points and more recently in 2012 and 2014, 95 and 94-96 from the Wine Advocate; even the sweltering 2003 was awarded 95 points.
There is a material shortage of Grand Cru and leading 1er Cru Burgundy in the market. The leading plots, which generally have small potential production, are separated by producers into smaller parcels. Their output barely serviced the US and old Europe, but with the introduction of Asia in recent years, demand has comfortably outstripped supply. Moreover, Burgundy production is on a descending trend. As such, with very little stock in the rear-view mirror and a narrowing road ahead, Jadot’s Chapelle Chambertin offers great relative value, an ever-increasing presence among the best scoring Red Burgundies. It has already sold out at the Estate since its high score from the Wine Advocate. We have built up a strong allocation in recent years and can offer a limited parcel today!
93-95 Points, Neal Martin, The Wine Advocate
The 2016 Chapelle-Chambertin Grand Cru has a very well-defined bouquet, a melange of red and black fruit, truffle and smoke gently unfolding in the glass. The palate is medium-bodied with fine definition, quite tensile and focused but very precise and fanning out with confidence on the tender finish. As good, if not better than, the 2015 Chapelle-Chambertin from Jadot.
Louis Jadot Chapelle Chambertin Grand Cru 2016, 6×75 – £800 EP
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