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$GIRA
2012 Domaine Giraud, Chateauneuf-du-Pape, De Pierres
Bottle size (ML)
Current price
$457
Start Your Wine Collection with 2012 Domaine Giraud, Chateauneuf-du-Pape, De Pierres
Begin your portfolio with a prestigious wine that has a history of growth.- Enjoy fully managed, secure storage facilities with insurance coverage.
- Get expert advice on when to hold and when to sell.
Critics Scores
Stephen Tanzer
Inky ruby. A highly aromatic bouquet evokes candied red fruits and cherry-cola, complicated by suggestions of smoky minerals, fresh flowers, cinnamon and suave oak spices. Deep, round and expansive, offering sweet, highly concentrated dark fruit flavors, lively minerality and a hint of floral pastilles. A rich and powerful yet graceful wine, boasting exceptional balance and strong finishing cling.
Wine Spectator
Deliciously mouthfilling, with a wide-ranging core of kirsch, red licorice, blackberry paste, sage, pepper, bay and tobacco notes pumping along authoritatively. Singed juniper and allspice accents add subtle nuance to the lengthy, defined finish. Best from 2015 through 2030
Robert Parker's Wine Advocate
The cream of the lineup, and possibly the vintage, the 2012 Chateauneuf du Pape Les Grenaches de Pierre is an incredible effort that possesses notions of bouquet garni, pepper, licorice, cassis and crushed stone-like minerality. Full-bodied, powerful and layered, yet also elegant and with terrific intensity and depth, it too should be reasonably approachable in its youth and evolve gracefully for 15 years or more. If you can, don’t miss a chance to latch on to a few of these. Drink 2015-2027. This is a terrific lineup of wines by the brother and sister team of Marie and Francois Giraud. Their 2011s are certainly near the top of the vintage, with the 2012s looking just as good. In addition to releasing stunning reds, this estate always produces a terrific white. Marie produced three red Chateauneufs in 2012, with no Les Gallimardes due to the tiny quantity. During my tasting, Marie commented on the rain in late September and the difficulty in deciding when to pick. Opting to wait until after the rain for the majority of their plots, this spread the harvest out over five weeks as opposed to the normal two weeks.
Region Summary
The Rhône is not one but two dichotomous regions that form a whole greater than the sum of its parts. The smaller, more prestigious northern Rhône is synonymous with world-class syrah. Meanwhile, the more prolific southern Rhône has mastered the art of the red blend. With their combination of affordability, stability, and relative value, there truly is no place like Rhône.
Why We're Investing
Wine lovers, drink your heart out. The Rhône is a treasure trove of riches with dependable production to satisfy rising demand. Add in a wide range of wines and low entry prices, and it’s an ideal starting point for anyone beginning their wine investing journey. The northern Rhône is best known for single-varietal wines, primarily syrah. While it only accounts for 5 of regional production, the northern Rhône has a staggering concentration of old and highly-revered estates. Top producers across Hermitage, Cornas, and Côte-Rôtie have not only put the Rhône on the map but also routinely draw comparisons to first-growth Bordeaux. Take a short trip downriver, and arrive in the southern Rhône. Winemakers here have mastered complex blends that ensure consistent quality year after year. The style is best exemplified by Châteauneuf-du-Pape, the flagship appellation and wine, which uses up to 15 different grapes. While the region is vulnerable to bouts of inclement weather (re: Mistral winds), the southern Rhône still realizes multiple near-perfect vintages each decade. Critics have taken note, too. The 2007, 2010, 2015, and 2016 vintages have received near-universal praise. None have lauded the region more than legendary wine critic Robert Parker. In his career, Parker gave 87 Rhône wines a perfect score. By comparison, Napa Valley only earned 67 100-point ratings from Parker. Even with estates like Château Rayas, M. Chapoutier, and E. Guigal stockpiling awards, the Rhône remains the cheapest entry point into fine wine. Buyers can secure two cases of top-tier wine from the southern Rhône for the same price as one case of Super Tuscans or five cases of first growth Bordeaux. That’s not all. The finest northern Rhônes will set people back one-seventh of the price of Burgundy’s priciest pinot noirs! Considering the relative value, buyers might expect lukewarm performance. Fortunately, that’s not the case. The most collectible Rhônes consistently deliver double-digit annualized returns, rewarding buyers in more ways than one.
What's the Latest
When people think of the Rhône, they think of Châteauneuf-du-Pape, Côte-Rôtie, and Hermitage. It’s time to add “stability” to that list. The Rhône has shown remarkable stability in performance and price in recent years, making it one of the most reliable portfolio diversifiers. According to the Liv-ex Rhône 100 index, the region’s top wines have risen 27.4 in value over the last three years. In that time, the index had an average annualized volatility of 13.8. As a point of reference, that translates to 25 less volatility than the S&P 500, which historically sits at 18 per year. Here’s the important part: the Rhône continues to grow even when the global economy sputters. Headwinds such as inflation and geopolitical tension have hamstrung traditional investments, including equities and bonds. While the Rhône’s slow and steady performance isn’t glitzy or glamorous, it’s all the more impressive during periods of economic sluggishness. Perhaps more importantly, the Rhône has held its own amid the stratospheric success of Burgundy and Champagne. While its fellow French regions gobble up market share, the Rhône remains largely unaffected. In 2022, it held a 4.0 share of the secondary market, only a minor dip from 4.5 the previous year. By comparison, Piedmont, Tuscany, Bordeaux, and California all lost more market share than the Rhône in that 12-month span.
Looking Forward
The Rhône has a relatively small share of the secondary market. The good news is that percentage should grow. Its number of wines traded and transactions have boomed over the last decade as buyers continue to seek out an increasingly diverse array of wines. The Rhône is well positioned to capture new buyers, especially those beginning their wine investing journey. It offers a combination of attractive prices, wide variety, and high stability even amid global economic tumult. For anyone searching for the complete package, few regions check as many boxes as the Rhône.