At $120 per, I’m out. I can get 2005 Montrose for $148. Nine more years of maturity and potentially a much better wine for just a few bucks more. The 2004 is even less and its damn good.
If you are thinking of resale - are you really thinking that with the 2014 vintage?? - I’m not sure I’d do it. Invest in Bitcoins.
I bought a few bottles at $108 (now sold out), which was my upper limit for the wine. Any higher and, as Robert says, you’re too close to the price of a number of solid vintages that have much more age.
I grabbed a couple of bottles at ~$110/btl today. Supposedly one of the better wines of the vintage. Not the cheapest, but back vintages are hard for me to access.
Montrose values are all over the map depending on vintage. '89,'90,'03,'09,'10 are much more. '05 and '00 are 1.5-1.8x more and potentially better. '95 '96 are probably comparable and cost a little more but drinkable now (but not mature). That’s leaves lots of average years: '98,01,04,06,08 which are cheaper and closer to maturity, but potentially slightly inferior. I’ll be passing, given many other better values in '14. Recently purchased '01 for $85/per. I’ll be drinking that now and over the next 10yrs…
I just don’t see the "14 Montrose price popping anytime soon, especially without an RP review until release.
If you believe this will increase in price or that you will never find it cheaper, buying can make sense, but this is not a small production Pomerol estate and even if it has performed well, other better vintages will put it into perspective in the future.
Not for me. I was looking for birth year wines for my son. I decided I would pick between a long runner like Cos or Montrose. I own Montrose 2 -1 over Cos. I ran some metrics (this has worked for me in the past with Bordeaux futures) and Cos scored higher both ways I ran the math. Once the price came out it made it easy to pick Cos at $109 vs. about $120 for Montrose. Tons of great, farther along Montrose out there for $80-90. While I buy wine to drink, at $120 I don’t see it going up much short to mid-term due to lack of demand (with so much supply and so much of their good or nearly as good, more aged wine on the market). It’s difficult to find any Cos at under $100, so I thought it was a good opportunity to go the other way.
Craig, it was notoriously so in 2009 from what I’ve read. I haven’t bought the big years with Cos. I spoke with a buyer who tasted both and loved both, but he said the Montrose is more structured. He said the Cos is much more approachable at this stage. I expect they will both live a long time. Cos (like Comtesse and Palmer) historically has more merlot. I love merlot so that doesn’t scare me at all.
I read they have a new wine maker too as of 2013, so there is really no track record. The reviews of the wine for 2014 were very high, but the focus always seemed to be on Montrose.
I hope this answers your question. This is as helpful as I can be. The only guy I know of in these parts that posts here and has tasted it (representative barrel sample two years from bottling) is Jeff Leve and he liked it quite a bit and scored it higher than Montrose. Someone else on CT also tasted it and scored it higher than Montrose, but I don’t know his palate.
Sounds like Domaine de Chevalier. Jancis Robinson also gave the Haut-Bailly the same score as Chateau Margaux. (17.5+). Already picked up both, as the reception for these has been quite good across the board and good values.
As of the last time I tried both (2005 vintage), absolutely. According to the reviews, 2014 Montrose saw 60% new oak, Cos 80%, so maybe even Cos has dialed back a bit. I didn’t get a chance to try 2010 Cos, but from my one sample of 2010 Montrose I thought it was tremendous.