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June 01, 2016

Chateau Canon 2006

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Re-scored from 90 to 93 points this afternoon

Chateau Canon 2006
93 Pts Neal Martin

12×75 – £460 IB
£581.95 incl duty and VAT

“After ten years it has foraged wonderful focus and vivacity. Seek this out”
- Neal Martin

The 2006 vintage in Bordeaux had the unenviable task of following the legendary 2005. It was therefore released under the banner of a ‘good vintage’ characterised by a summer drought and a cool harvest. At the time, winning villages were considered to be Pauillac, St.Emilion and Pomerol. Traditionally, at the Wine Advocate Robert Parker would review a Bordeaux vintage 10 years after its release and this afternoon Neal Martin, who has taken over from Parker, has released his scores. He has awarded Cheval Blanc and Mouton Rothschild 97 points, which we have available for £3,275 and £3,780 respectively; both underrated now compared to other vintages. However, the most interesting re-score is rising star Chateau Canon.

Chateau Canon is the hottest property on the right bank and perhaps Bordeaux this year. Their 2015 has been awarded a perfect 100-point score from James Suckling and 98-100 from Neal Martin. Its cachet has never been higher and the market has seen real demand for back vintages, a trend set to continue; akin to Pontet Canet off the back of their 2009 100-point score.

Neal Martin has awarded the 2006 93 points from 90, stating that ‘after ten years it has foraged wonderful focus and vivacity. Seek this out’. This score makes the 2006 immediately massively undervalued by the market, priced at £460 per case of 12. This gives it the lowest Price Over Points Ratio of any physical Canon and makes it a bargain compared to the 91+ scoring 2010 which costs £800. Even more impressively, the 2006 now parallels the 2005, which trades today at £875 per case of 12.

Canon Parker 12×75 POP
2010 91+ £800 73
2009 94 £800 57
2006 93 £460 35
2005 93+ £875 67

As such this afternoon Canon 2006 is available for half the price of its comparable vintages, a vintage arbitrage which is sure to correct itself quickly. Since the news of the 2015’s score, we have seen strong market demand for mature vintages, as a new generation look to taste this rising star, capable of 100 points. This created strong demand for the 2005, which will unquestionably be supplanted by the 2006, following this afternoons re-score. Moreover, it has always paid to buy Chateaux on the rise and Canon is in its ascension. As such the 2006 is a wine to buy to secure now for future consumption, before the price moves, as it will drink beautifully for another 20 years. However, for the aforementioned reasons it is a no-brainer for investment and price appreciation: yet note, Canon only made 5,000 cases in 2006, very few are still available. As always the 10 years’ review will create noise, the smart money is on Canon 2006!

Neal Martin, 93 Points  
Tasted at Bordeaux Index’s annual 10-Year On tasting in London.The 2006 Château Canon has a vivid, kirsch and wild strawberry bouquet with touches of orange zest and marmalade, a touch of mushroom in the background. The palate is medium-bodied with supple ripe black cherry and blackcurrant fruit, sage and melted tar. There is wonderful structure here, superb salinity, completely fulfilling the promise it demonstrated out of bottle. Perhaps yes, I was a little over-enthusiastic at that time, but after ten years it has foraged wonderful focus and vivacity. Seek this out. Tasted January 2016.

To buy this wine please click here or telephone +44 (0)203 195 8055. Offer subject to availability.