Pro Version | USD Change Currency | Help | Mobile Site
Advertisement

Strong Appetite for Vega Sicilia's Latest Release

The Ribera del Duero winery had a difficult start to April but finished strongly
© Vega Sicilia | The Ribera del Duero winery had a difficult start to April but finished strongly
Near-perfect scores for 2004 Unico spark thirst for new vintage.

Quality control issues failed to dampen interest in Vega Sicilia’s wines in April, with trade in the Spanish winery's latest release buoyant.

The 2004 Vega Sicilia Unico represented more than one-third of all trades beyond France and Italy on the London-based fine wine exchange Liv-ex last month. The Ribera del Duero winery recorded the strong performance despite offering to replace 100,000 bottles of the 2009 Pintia Toro and failing to release the 2010 Alion due to issues with excess sediment earlier in April. The problem is thought to have affected as many as 500,000 bottles and will cost the winery a reported $13 million. 

However, the 2004 has been well received with Wine Advocate critic Neal Martin awarding 97 points and notoriously hard marker Jancis Robinson MW giving it a near-perfect 19.5 out of 20.

With such high scores, its $294 price tag per bottle (excluding tax) represents comparatively good value for money. Across all vintages it has an average price of $423.

Interest in Vega Sicilia is on the rise, with Asian buyers showing they are willing to consider fine wines beyond France. In 2013, 83 percent of Vega Sicilia lots achieved prices beyond the high estimate at a Sotheby’s direct-from-the-cellar sale, while a six-bottle case of 1953 fetched $47,115, or $7852.50 per bottle, at a Christie’s sale. 

Related stories: 

Asia Gets a Taste For Spain's Finest

Vega Sicilia Auction Could Fund Rioja Venture

Signup for our Free Weekly Newsletter


Write Comment









Recent Stories

The lots are lined up for viewing before the provincial auction

Sale of the Century Sees Petrus Go for $500

Napa's Quixote Winery Sold to Chinese Company

More Bordeaux Wineries Change Hands

Malibu the Latest Official U.S. Wine Region

Kurniawan Lawyers Dispute Victims' Claims

Burgundy Vineyards Experiment with Anti-Hail Nets

French Wine Exports to China Remain Strong but Slip Elsewhere

Prosecutors Name More Kurniawan Victims

Wine Writer Award Shortlist Revealed

Kurniawan Sentencing Drags on for Another Week

Sotheby's Targets Online Audience Through eBay

Noval Makes Late Declaration for 2012 Vintage

Insurance, Solidarity and Social Media for Hail Victims

Food and Wine MBA Scholarships Up for Grabs

Comparing the Great Growths of France


 
Site Map About Contact Business Advertising Social