Thursday, April 17, 2008

Krug Clos d'Ambonnay 1995

This year Krug are releasing a new cuvee, a blanc de noirs, which is already causing a stir on the wine market. The 1995 Krug Clos d'Ambonnay is on track to become the world's most expensive bottle of wine on release, with a retail price tag of between £1500 and £2000. That puts it slightly beyond the realms of DRC La Romanee Conti, Petrus and Le Pin. A microscopic 14 barrels of the wine were produced, and it is estimated that a mere 2,000 bottles will be available upon its release sometime in May. A few lucky Krug collectors were given a VIP tour and tasting and were offered the opportunity to purchase two cases (12 bottles) of the wine at £12000 per case in bond. Needless to say they all took the golden opportunity and one case has already seeped onto the secondary market being sold at auction in Las Vegas for a mammoth $26000.

I first heard about the wine in February when we were visited by Charles-Edouard from LVMH who is the Krug Brand manager. We were planning the Krug gourmet dinner that we are having in December and it was then that he dropped the information that Krug would be releasing a brand new wine later in the year. He teasingly offered us the run down on the wine and we were generously offered an allocation. The mere thought of a blanc de noirs from Krug set my want glands into overdrive and I knew that I wanted to list it, no matter how much it cost. I knew the prices of the Krug Collection and their crowning glory the Clos de Mesnil were expensive, but cost be damned I wanted it. All I had to do was persuade my GM that we needed it and that I could sell it at some stage. So imagine my surprise when coming in to work earlier today to discover that an order has been placed and confirmed for 3, yes three bottles of Clos d'Ambonnay 1995. I had to pinch myself! Then I found out the price. Stunned is about the only way to describe it. The Krug Clos d'Ambonnay is now going to be the most expensive wine on our wine-list at around £4000 a bottle (we sold the £5000 La Romanee Conti 1985 at the weekend!). With May races coming up Im desperate to sell a bottle so that I might hopefully get the chance to taste it. But one thing is for sure, with articles in the Financial Times and all the hype surrounding its release, the first vintage is going to be an instant collectors item, and when that happens the prices can start getting very silly indeed.