Chateau owners in Medoc say the Bordeaux 2015 vintage has got off to a good start following excellent flowering conditions in the vineyard, despite some concerns over recent rain, putting chateaux owners in an optimistic mood, with several describing conditions as ‘perfect’.
‘There is still a long way to go, but we have nice, big bunches and that means there is good potential for quantity,’ said Philippe Dhalluin, of first growth Chateau Mouton Rothschild in Pauillac.
The character and quality of the Bordeaux 2015 vintage can still be determined in the next three months.
Related Link: Decanter
, Chateau Mouton Rothschild
North American collectors bought 70 percent of Bordeaux 2014 wine futures transacted this year through Sotheby’s Wine as the amount sold rebounded from the previous two vintages to climb back close to volumes achieved in 2011.
Bordeaux 2014 sales were 90 percent higher than the 2013 vintage and 80 percent above the 2012 campaign, according to Sotheby’s. Sales were still 10 percent below those for the 2011 vintage.
The 2014 vintage followed two difficult years of weather in the region and marked a return to more normal conditions both in the vineyards and in the global wine market. While 2014 prices in Bordeaux were generally above those predicted by merchants, according to Liv-ex, growers said improved quality relative to 2013 and 2012 helped make 2014 wines more expensive.
Related Link: Bloomberg Business
One of the last wines to be released is from Château Montrose. Universally acknowledged as one of the best wines of the vintage, the question is if Montrose is worth a 54% price hike. At a little over $1300 (£850) a case on average it’s certainly at a substantial premium to the majority of its back vintages from the last 10 years and almost as expensive as the current price of the 2005.
Neal Martin gave it 95-97 points. “Dare I say, this is one grand vin that comes perilously close to matching the heights of the 2009 and 2010. This is a brilliant Montrose, one of the best you will find on the Left Bank this vintage.”
The 2014 campaign is effectively over with Petrus and Le Pin two of the last to be offered.
Related link: The Drinks Business
, en primeur
, Neal Martin
May kept most of the industry’s focus on the En Primeur campaigns, but trading continued on the Liv-ex Fine Wine 100 and the Liv-ex Fine Wine 50. Both ran mostly flat for the month with the Fine Wine 100 drifting down 0.06% and the Fine Wine 50 gaining only 0.08%.
Lafite Rothschild 2003 and Haut Brion 2010 topped the table, gaining 6.6% and 5.4% respectively. Both are scored 100 points from Robert Parker. Margaux 2005 also performed well ahead of Parker’s retrospective of the vintage due at the end of June.
Related Link: Liv-ex Blog
, en primeur
, fine wine