Can Parker halt 2005 Bordeaux slide?

18th March, 2015 by Gabriel Stone

A wine investment firm has tracked the varied fortunes of 2005 Bordeaux and, with Robert Parker set to revisit the vintage, considers the impact of any upward re-evaluation.

According to London-based firm Cru Wine Investment, which bases its valuations on the Eleanor Independent Wine Index, a Bordeaux-focused system that the company uses in tandem with Liv-ex data, 85.4% of wines from the 2005 vintage are currently trading for above their en primeur release price.

However the last six months have seen a single digit percentage average decline for the 2005 vintage in each tier of the Left Bank classed growth categories, with the exception of the first growths which remained flat thanks to the 23% rise for Mouton Rothschild following its upward reappraisal by….

Continue reading

Get unlimited access to The Drinks Business, from just £10.75 per month

Join The Drinks Business
Already a subscriber?

One Response to “Can Parker halt 2005 Bordeaux slide?”

  1. Allen Murphey says:

    Any commodity sold is based on supply and demand. For the prices to increase, the demand must outstrip the supply. Unfortunately, there are not enough buyers willing to pay the price asked. In order for the Bordeaux market to succeed everyone has to be able to turn a profit. From the winery to the investors in the secondary markets, and finally at the end when the last buyer becomes the consumer, and feels that the price they paid was worth it.

    If the market requires The Advocate, or Decanter or whoever else you need to upgrade a vintage to sell the wine, you are kidding yourself. Once the train has left the station it is hard to get it back. The pricing for the ’95 vintage is what it is. The limit looks to be found. I would be more concerned with where the prices will be for ’14 campaign and beyond. It is with some reluctance that I say this, don’t participate with the 2014 en primeur campaign. Until the producers get hit in the pocketbook so much that it hurts, they will not get the point. I would think after three troublesome vintages, they would have gotten the message by now.

    Or, perhaps the solution for them is direct-to-consumer sales. Works well here in the US. A lot of jobs would be at stake if the Bordelaise decided to do that. Do nothing and this could happen.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters