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Thursday 21 August 2014

Bordeaux 2012: Palmer drops 1%

25th April, 2013 by Rupert Millar

Château Palmer has followed its second wine and released – with a 1% drop in price.

Chateau_PalmerThe Margaux property dropped a mere €2 off its 2011 price and emerged at €160 per bottle ex-négociant.

Its second wine, Alter Ego, came out earlier this week with a 5% drop to €37.5 p/b.

In a drop that is scarcely worth mentioning, the 2012 at £1,700-£1,800 a case is only a little cheaper than vintages such as 2000, which last traded on Liv-ex for £2,100 a case.

It is a move almost as confusing as Angélus and Pavie’s decision this morning (25 April) to increase their prices by 30% and 58% respectively.

With 2008, 2006, 2004 and 2001 proving more competitive in terms of price (all traded for between £1,100 and £1,300 a case), how Palmer fares in what is still a slow moving campaign will be interesting.

On the other hand, the wine has been well scored by the critics (18.5 from Jancis Robinson MW) and is by all accounts one of the stand out wines of the Left Bank. The imminent release of critic Robert Parker’s scores may prove to be a further saving grace.

On the other hand, along with the two Saint-Emilion estates, perhaps Palmer may find itself, like Cos d’Estournel’s 2011 offering, “impossible to sell”.

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