Price increases for the Bordeaux 2015 vintage compared with 2014 are averaging about 15 percent so far and in some cases have reached 20 percent or more, often making the critically acclaimed new wines just being released to buyers the most expensive in the market since the 2010 crop.
While few of the top estates have priced their wines yet, holding back to see how the sales campaign develops, early releases have included Chateau Beychevelle, Chateau Pape Clement and Chateau Langoa Barton, according to data from the London-based Liv-ex online wine market.
An exceptionally hot June and July was followed by rain in August that helped the vines, and then favorable weather throughout the harvest gave flexibility to pick grapes at the optimum time. After three tough vintages in Bordeaux from 2011 to 2013, and a return to a more classic style in 2014, last year’s wines have the potential to be the best since the highly rated 2009 and 2010 harvests.
Focus on the new wines being sold “en primeur” before bottling damped trading in earlier vintages from the region on Liv-ex, as merchants positioned themselves to bid on wines likely to come to market later this month. “Market participants have started to turn their attention to the 2015 en primeur releases and are hoping for prices that will generate demand,” Liv-ex said in its market blog.
Continue reading: Bloomberg 2015 Bordeaux
, Chateau Beychevelle
, Chateau Langoa Barton
, Chateau Pape Clement
Lafleur 2015 has been released and is being offered by merchants at $6520 per 12×750.
The wine has received an array of high scores from critics. James Suckling awarded it a straight 100 points and reflected on its perfection: “It’s hard to describe perfection. It’s not just power and depth. It’s something mystical and ethereal.” Neal Martin, who scored it 97-99, predicted that “it will be one of the standout wines of the vintage”.
Lafleur’s wines from the ‘great’ 2005, 2009 and 2010 vintages command a high premium on those from other years. At $6,000, the 2015 sits above the majority of back vintages but represents a significant discount on the ‘greats’: it is priced 55% below 2005. Buyers looking for the best of Lafleur might indeed find relative value here.
Originally posted: Liv-ex Blog Lafleur
Pape Clement 2015 has been released at €58.8 per bottle ex-negociant, up 18.1% on the 2014 release price of €49.8. It is being offered by the international trade for £625 ($902.36) per 12×75. This places it above the other four most recent vintages, but represents a significant discount on 2005, 2009 and 2010.
A number of critics have been positive in their reviews of Pape Clement 2015, though their scores are less generous than Robert Parker’s were for several back vintages. Neal Martin commented that the wine will “doubtless evolve into one of the best wines this estate has produced since the 14th century” and awarded it 97-98.
For buyers convinced that the wine is amongst the estate’s greatest, the 2015 might look appealing at around half the price of the 2005. Will it climb to the heights of 2005, 2009 and 2010? Others might look back to vintages such as 2012: it was among Parker’s top five wines of 2012 and has a market price of £571 ($824.35) per 12×75.
Originally posted: Liv-ex Blog Chateau Pape Clement
The quality of the 2015 vintage being presented to merchants over the past month makes it feel like the “the sun’s come out” for the Bordeaux region, according to Robert Wilmers, M&T Bank Corp. chairman and chief executive officer and owner of Chateau Haut Bailly, a grand cru classe wine estate south of the city.
“It’s a pleasure for the psyche,” the U.S. financier said in an interview April 4 in the salon of his nineteenth-century chateau overlooking vines, which were just starting to bud. The estate, which he bought 18 years ago, lies on sandy-gravel slopes just outside the town of Leognan, part of the Pessac-Leognan appellation.
While Wilmers said recent years have been good for Haut Bailly, Bordeaux more generally has had a run of less successful vintages, particularly from 2011 to 2013 when prices fell as demand for first growths waned. The London-based Liv-ex Fine Wine 50 Index has now risen for the past five months, its longest streak of monthly gains for five years.
Continue reading: Bloomberg 2015 Bordeaux
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