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.
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