Bordeaux 2019 EP going ahead?

Prices like 2008 would bring a lot of people back to the market esp. with all the uncertainties for buyers. But I doubt that the established wineries will be so clever, perhaps they will grant 15-20 % reduction but that won't be enough to stimulate the market imo. The lack of tasting notes and typical eP frenzy will be , beside the economic perspectives, another downside aspect. I'm buying en primeur now for more than 30 years and I've the feeling that 2018 might have been my last buy without the chateaux acting according to the situation.
Cheers
Rainer
 
From a Fine & Rare email today:-
Chateau Belle Brise, offered today at the unprecedented release price

Production is miniscule here – from a tiny 2ha walled garden

· Released at 20% below last year

· Priced below the 2015 vintage

And the spin begins.
 
How many members of this parish will be buying 2012 Latour at £4200 (12) ? Not many I suspect.
Current mode that’s 300 bottles of Very decent Beaujolais or splash out a bit more for ‘96 Margaux. No contest.
 
David Mansfield said:
How many members of this parish will be buying 2012 Latour at £4200 (12) ? Not many I suspect.
Current mode that’s 300 bottles of Very decent Beaujolais or splash out a bit more for ‘96 Margaux. No contest.
Click to expand...

I don't think many of us would buy it at that price, however I still think it will shift - because there will be wine investment managers buying as an asset rather than something to drink. First growth Bordeaux probably not the most unsafe location for capital.
 
It seems fair in the context of what we expect from Bordeaux en primeur pricing, but I'm not sure it is fair overall. Fine if your priority is a vertical or celebrating 2019 in the future, but wine-searcher gives ib prices for 2000 and 2005 of 95 to 99 ib, and far less for lighter vintages, versus about 62 for the 2019. Factor in the cost of storage and the cost of tying up your money, then the issue of buying the wine without the chance of tasting it or even reading the impressions of others, then the opportunity cost of having to predict your tastes a further 15 to 20 years ahead of time, and it doesn't seem like a compelling opportunity.

I'm not suggesting we should be rational; irrational enthusiasm is probably the best route to happiness for many things, including wine, but I didn't have much trouble deleting the emailed offers. Perhaps I'm also influenced by Ed's acknowledgement of how old some of us will be when this is at its peak.
 
I picked up a case of 6 bottles of PC, what the heck not the end of the world. And in a moment of madness to 'celebrate' the occasion opened a bottle of the 2002!

First impressions of the 2002 – pleasantly surprised considering a damp vintage. On the nose blackcurrant, graphite with buttery undertones. On the palate not particularly concentrated but blackcurrant, bell pepper and considering the vintage a good length.
 
I see that a merchant in Stourbridge is already asking £910 for a dozen Pontet Canet. Speculative pricing or has the first tranche sold through and this reflects second tranche prices?
 
Hi. It's been a while.

I've bought 2 x 6 Pontet Canet. First EP since the 2009 vintage.

I'm seeing Laroque touted as a lovely wine to drink - and I do prefer the softer fleshier style of the right bank. Should I buy? £105/6.
 
For me Pontet Canet has been the buy of the campaign so far.

Batailey price looks fair which works out at about £36 on the table which just happens to be about the same price as the 2012s are going for at Costco (hmmm). The 2019 is probably a better wine though yet not many reviews.

DdC is no doubt lovely yet in the context of other vintages the price looks a bit toppy.
 
You must log in or register to reply here.
Top