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June 18, 2018

New Release – Pontet Canet 2017, 12×75, £1010, 96-98 Pts

pontet

In addition to the superb release of Mouton Rothschild 2017 this morning we also saw the subsequent release of Pontet Canet 2017. In 2017 Pontet Canet has been awarded a stunning 96-98 points from Lisa Perrotti-Brown, which is reiterated by James Suckling who has awarded it 96-97 points. It can be considered therefore as a stellar Pontet Canet, in the mould of the 2009 and 2010, which cemented its recent rise to global stardom. The price today of £1,010 per case of 12 or £505 per case of six, reflects a 26% reduction on the 2016 release price, one of the largest we have seen throughout this campaign. The 2017 outscores the 2016, which trades at £1,370, making it stand out.

Pontet Canet has, over the last five years, repositioned itself in terms of pricing, with the great vintages raising the watermark, the 2009 and 2010 vintages trading at a 57% premium to the release price of the 2017 today. This is telling, as an upper bracket score for Pontet Canet 2017 from the Wine Adovate, would award it the same score as the 2009, yet at a very large discount of 36%.  The most representative comparison is to the 2005, which trades today at a 6% premium.

Pontet Canet is a darling of the US, Europe and Asia and one of the best performing left bank wines over the last ten years. Their 100% biodynamic wine-making techniques and fastidious focus has lead Pontet Canet to be First Growth quality, in fact it is located high on the illustrious, elevated real-estate sandwiched between Lafite and Mouton Rothschild. It is this quality we find in the 2017, one of their finest vintages ever.

Pontet Canet WA JS Release Price POP
2017 96-98 96-97 £1,010 £1,010 59
2016 95-97 98-99 £1,370 £1,370 86
2015 96+ 98 £795 £950 59
2014 94 98 £648 £750 54
2013 90-92 93 £675 £650 59
2012 93 92 £690 £630 48
2011 93 95 £710 £600 46
2010 100 100 £1,180 £1,600 80
2009 98 98 £885 £1,600 89
2008 96 93 £540 £710 44
2007 91 95 £415 £635 58
2006 94 93 £395 £700 50
2005 97 n/a £480 £1,080 64

 

Chateau Pontet Canet was put together by Jean-François Pontet, a powerful political figure in the 1720s and 1730s. The property passed to Pierre-Bernard de Pontet and the reputation of the wines flourished until his death in 1836. This moment marked a decline in the standard and price of the wine, which in turn, led to Pontet Canet being rated a Fifth Growth rather than a higher classification.

The property was purchased in 1865 by Herman Cruse and promptly installed the 23 year old Charles Skawinski, son of the owner Château Giscours, to manage the property. Cruse invested heavily in the property including building a new chai, a new cuvier and constructing one of the few large underground cellars in the Médoc. The standard of the wines increased dramatically, often fetching as much as Third Growths wines or even occasionally Second Growths.

After the death of Cruse’s widow, the Cruse firm in Bordeaux ran the Chateau until a crisis forced its sale in 1975. Guy Tesseron purchased the Estate and it is now owned by his two sons, Alfred and Gérard, meaning that only three families have owned the property during its illustrious history.

Pontet Canet under the influence of Alfred has embraced organic winemaking techniques and was the first Château to earn the official Agence Bio (AB) organic certificate. These techniques, coupled with the challenging gravel soil perfect for growing the grapes has made this into a wine that exceeds its Fifth Growth status and is unquestionably one of the leading Super Seconds.

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