Focus on: Margaux 1996

2019-01-18

Margaux ’96 has always received rave reviews from the Wine Advocate, whether is was big Bob himself or Neal Martin who awarded it the full 100 in October ’16. Neal does not hand out the perfect score lightly – in fact, barely ever. Our own Nick Martin gave it the full three figures at the Wine Owner’s Margaux dinner last summer although his clout is not quite as heavy!

Left bank 96s deserve a decent allocation in any investment portfolio given their quality, liquidity and age profiles. You could argue the stars here are aligned. Margaux ’90, the only other confirmed 100-point Margaux from vintages still possible to source, enjoyed a chart break out starting last summer (see chart below). The ’96 is trading at a very attractive 47% discount to the ’90 suggesting a strong recommendation. The chart break out may not be around the corner but I’d want to be long when it does.