'Sun's Come Out' for Bordeaux 2015

May 11, 2016

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.

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