Latest from Westgarth

2014 Bordeaux Sales Being Driven By American Buyers

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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.

2014 En Primeur Campaign Effectively Over With Château Montrose Release

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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.

Liv-ex May Recap

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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%.

Back Vintages Stealing Spotlight From Bordeaux 2014?

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As prices are announced for the 2014 Bordeaux vintage, older vintages are taking some of the spotlight away. Back vintages are standing out as a real value, particularly those predating the high-quality 2009 and 2010 crops. Many industry veterans feel the more mature vintages are where the greater value is to be found, and as for Bordeaux 2014, the general consensus is that it has become noticeable for how unnoticeable it is.

Bordeaux Prices Drop, But Are U.S. Buyers Buying?

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The strong U.S. dollar means 2014 Bordeaux futures cost less which is one of the reasons that many Bordeaux wineries had hoped this year’s en primeurs campaign would be successful in drawing Americans back. Unfortunately, most consumers aren’t buying, even with the 2014 vintage being considered the best in four years.

Sotheby’s NY ‘Greatest Burgundy Collection Ever’ Auction Fetches Over $8.4 Million

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Burgundy was the guest of honor at Sotheby’s most lucrative New York wine auction in 15 years. The sale of the Don Stott Cellar brought in collectors from Hong Kong, Brazil, Mexico, Canada and from all across the US helping to push the total of proceeds from the auction to over $8.4 million, some 22% above the high estimate projections.

Bordeaux 2014 Releases Continue

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There is clearly an appetite for Bordeaux. But, customers are much more savvy as to what everything is worth these days. Over the past few years Bordeaux has alienated their client base in the UK. This vintage is an opportunity to re-engage. Drinkers want Bordeaux in their cellars. They want to fall back in love with Bordeaux. – Joss Fowler, Fine & Rare

Liv-ex April Recap

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Two months of dips in the Liv-ex Fine Wine 100 Index came to an end with a 0.4% increase over March’s level. April, while dominated by Bordeaux 2014 discussions, was a relatively good month for Bordeaux with the region’s trade share rising over last month. Bordeaux should continue to remain a focus in the coming months with the anticipation of Robert Parker’s retrospective of the 2005 Bordeaux vintages due at the end of June.

Chateau Mouton Rothschild Begins First Growth Releases

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A slow start to the Bordeaux 2014 en primeur campaign got a much needed boost this week as Chateau Mouton Rothschild released their first growth 2014 vintage at a price that merchants feel will be viewed as favorable by consumers at €240 ex-négociant, or $263.

Vieux Chateau Certan Emerges As Top Wine of 2014 En Primeur

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Each year, Live-ex surveys the international wine trade after the en primeur campaigns to get industry opinions of the vintage and other key indicators. The trade’s general view is that 2014 is not exceptional, but a good to very good vintage. Industry members, using the Parker scoring model, gave the 2014 vintage an overall score of 92 points (average out of 100).

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