Super Tuscan: Investment Recommendation – Tignanello
- 28th June 2012
By Tom Gearing (Director) - Cult Wines Ltd -
Super-Tuscan: Tignanello 2007 (6x75cl) by Antinori
*Only 60 cases available
Tignanello is the flagship wine of Piero Antinori
who helped revolutionise the Italian wine scene and
in particular the wine making region of Tuscany. In
the 1970’s he was a pionerring winemaker who
introduced Cabernet Sauvignon into his wines, moving
away from the classic Chianti blends. Tignanello was
first produced in 1971 and along with fellow Tuscan
blockbuster Tenuta Sassicaia, were the first wines
to start this trend becoming known as the ‘Super
Tignanello and the wines of Piero Antinori, whilst
initially vilified by traditionalists, have become
massive successes achieving widespread appeal and
admiration. Internationally, the US market were
initially responsible for coining the phrase ‘Super
Tuscan’ and putting wines such as Tignanello on the
map in the international wine market. Now, Super
Tuscans command high prices and many investors
diversify their investment portfolios, which tend to
consist mainly of Bordeaux and Burgundy, with these
Whilst the Bordeaux 2011 En Primeur campaign offered
buyers very little incentive to part with their
money, Super-Tuscan wines have been experiencing an
increase in demand over the same period. Wines such
as Tignanello offer buyers strong scores and value
for money. The powerhouse Italian region is
currently experiencing strong demand from Asia,
Europe and the Americas. James Suckling recently
noted that Super Tuscans ‘globally lead the way in
Fine Italian wine trading’ and also stressed that
high end wine collectors in Hong Kong and Shanghai
are particularly keen on wines such as Tignanello,
Ornellaia, Masseto & Sassicaia.
Italian wine sales have increased year on year since
2009 and have seen a growing interest in the Far
East, with the limited production being part of the
Diversification across other wine producing
countries can lead to more efficient portfolio
performance and also reduce potential risk of a wine
Antinori’s 2007 Tignanello is wonderfully ripe and
seductive in its dark cherries, flowers, spices,
tobacco, sage, cedar, mint and minerals. This is as
opulent a Tignanello as I have ever tasted but there is
just enough acidity and structure from the Sangiovese to
keep things from going over the top. The wine’s richness
and warmth are such that in a blind tasting I mistook
the 2007 Tignanello for a wine from Maremma! The dense,
muscular fruit follows through to an impeccable finish
with no hard edges and impossibly fine, silky tannins.
Simply put, the 2007 is a magnificent Tignanello.
I first sampled Antinori’s 2007 Tignanello and Solaia
two years ago, when they were still separate wines from
individual parcels, but even then it was clear these
were going to be special wines.
Anticipated maturity: 2012 - 2027.
Score: 95 Points
The graph below compares the current prices of
Tignanello vintages, from the youngest in 2008
through to the oldest, the 20 year old 1990 vintage.
For this year’s campaign we will only be
recommending wines that we feel meet our investment
The graph clearly shows the price appreciation
Tignanello undergoes as it ages and more remarkably,
it shows this price appreciation to be almost
perfectly uniform as the wine increases with age.
This is almost a textbook representation of fine
wines appreciating in value as they mature, become
rarer and as a result more desirable.
The graph below illustrates the relationship with
current prices and erobertparker tasting scores. As
shown, there is little correlation between price and
score. However, the graph does show that of the last
20 years the 2007 has been the highest scoring
If there was to be a shift in correlation and
emphasis placed on critic scores rather than bottle
maturity then those holding the 2007 will be in good
shape seeing as it is currently rated higher than
any other year.
Based on our projections we would expect the 2007
vintage of Tignanello to reach a trading price of c.
£1,000 per 12 within the next 5 years. That would
represent a 100% ROI, which calculated over the time
period would represent 14.8% CAGR.
Given historical prices, the general trend for
Tignanello and increasing demand from emerging
markets we believe that the 2007 vintage has the
potential to return 3-fold to the investor over a
longer term horizon of 7-10 years.