97

1977 D'Oliveiras Reserva Terrantez, Madeira

( £55 down to £41.25, 20%, Waitrose )

Bottled in 2008 (which means it spent more than 30 years in cask), this is the sort of wine that everyone should drink once in their life. It has the classic green tinge of mature Madeira, as well as the marked acidity of the best examples. Savoury, complex and fine, this has a classic cheesy undertone, with mature, smoky, incense-like aromas and flavours. Yes, it’s expensive, but at 25% off, now is the time to buy it. Or offer it as a Christmas present. 

BuyDrinking window: 2012-30Similar Wines: £50-£100, 96-100, Other Countries, Fortified, Terrantez