I sat next to a Chinese wine collector at a dinner in Hong Kong last week and he showed me six emails from different wine merchants–from London, New York and Hong Kong–urging him to buy Bordeaux 2016 en primeur. He smiled and shook his head, “Why should I buy a wine in barrel that I have to wait 20 years to drink at a price that is more expensive than delicious mature vintages that I can enjoy now? Do they think I am stupid?”
He pointed to the price of Chateau Palmer, the 2016s released at 240 euros per bottle, a 14% increase in price from the 2015. It is currently selling for over $300 USD per bottle. For that price, one can buy the mature, delicious 1999 or the 2001.
A great year:
I tasted the 2016s and was really impressed with the wines. These are classically-styled reds that have firm structure, suave tannins with freshness and wonderful definition. The wines are terrific, consistent across the board, both on the Merlot-dominant right bank as well as the Cabernet Sauvignon-dominant left bank–at all price points.
Continue reading: Forbes
photo: NICOLASBordeaux 2016, Chateau Lafleur, Chateau Le Pin, Chateau Mouton Rothschild, Petrus