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May 01, 2015

Pape Clement 2012

pape

At 5 pm last night Robert Parker released his ‘in-bottle’ scores for the 2012 vintage. Parker commented that ‘What stands out about the bottled 2012 Bordeaux is that they performed as well, if not better, than the barrel-tastings, which is always a great sign.’ Three wines in particular have been bestowed spectacular scores, Haut Brion, La Mission Haut Brion and Pape Clement. The wine of the vintage is now Haut Brion which he has scored a very impressive 98 points, up from his barrel score of 93-95. La Mission Haut Brion has jumped from 91-94 to 97, while Pape Clement has leaped from 92-95 to 97 points. These three stars of the vintage are located in the same micro climate of Pessac Leognan; Haut Brion and La Mission are opposite each other, while Pape Clement is a few minutes west of the two. Parker also states the ‘most successful sectors in 2012 were Pomerol, Pessac Léognan and parts of St.-Emilion.’ It comes as no surprise therefore that Smith Haut Lafitte 2012 (Pessac Leognon) was re-scored 95 points up from 92-94 and Troplong Mondot (St Emilion) 96 from 92-94.  ’Interestingly, the quality of the Pomerols and Graves wines in 2012 is closer to what one would consider a great vintage than the general image of 2012.’  

Late last night we secured a 25 case parcel of Pape Clements 2012, which we are focusing on this morning. Parker says in his tasting notes that ‘The iconic 2012 Pape Clement is a candidate for near-perfection as well as one of the wines of the vintage.’ His re-score makes it instantly undervalued and prices will adjust as the market corrects itself – it has already risen above £600 a case in Bordeaux. The table below represents all Pape Clement vintages since the 2000 which has been awarded 95 points or more. The lower scoring 2009 already trades at £775, while the 98 scoring 2005 is priced at £1,075 and the 96 scoring 2000 trades at £1,080. In fact apart from the 2011, there are no 95 scoring, or above, wines trading under £690 per case of 12 bottles.

table

Pape Clement 2012 released at £550 ex-London, as such yesterday’s price is the lowest it has been. Now bottled, it is the cheapest physical vintage of Pape Clement since 2000 and their third greatest ever vintage. We have chosen to offer Pape Clement this morning at yesterday’s price, despite the price already moving past £600 a case. At £42.50 this 97 point Pape Clement is a no-brainer. First come first served!

Pape Clement 2012 or 6×75 – £260 or 12×75 – £510 IB
Robert Parker, Wine Advocate – 97 Points, tasted April 2015
From proprietor Bernard Magrez, this is a blend of 51% Cabernet Sauvignon, 46% Merlot, 2% Petit Verdot and 1% Cabernet Franc. This extraordinary vineyard (a few miles to the west of Haut Brion and La Mission Haut Brion) has hit all the highlights of this vintage. Interestingly, the quality of the Pomerols and Graves wines in 2012 is closer to what one would consider a great vintage than the general image of 2012. This is truly great wine and not far off their magnificent 2005 and 2010. Full-bodied, with rich cassis, subtle burning embers and spice followed by velvety, well-integrated tannins, the wine is lush, expansive, savory and profound. This is a remarkable wine that could be drunk at a reasonably young age, but should cellar brilliantly for a quarter-century. Yields were modest at 37 hectoliters per hectare from this 132-acre estate. The alcohol level came in at 13.5% Drink 2015-2040

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