With a mixture of admiration, caution and near indifference, the trade considered the impact of Pontet-Canet’s surprise release this week.
More pseudo-science now as the “Fine wine vs” series tackles the weighty issue of which letter is the most influential in fine wine.
Melanie Tesseron co-owner of Pontet-Canet has explained why the fifth growth released so early and at the same price as last year.
Pontet-Canet has jumped the starting gun for this year’s en primeurs, releasing its 2013 vintage at €60 a bottle ex-négociant – the same price as the 2012.
Dom Pérignon and Lafite dominated Hart Davis Hart’s latest Chicago sale which saw another 100% sell-through rate with sales totalling $5.1 million.
After nearly a year and a half of continued increases, prices for Right Bank grand crus, Pavie and Angélus, have slowed.
Château Latour has re-released its 2004 vintage and 2006 Forts de Latour with respective premiums of 23% and 6% – and the market has greeted it with “deathly silence”.
Prices of first growths from “on” vintages have fallen by 35% or more since the market peak in February 2011 – but the 2000 vintage is bucking the trend.
The Liv-ex Fine Wine 1000 dipped for the fifth consecutive month in February with only the “Rest of the World” and old Bordeaux indices not slipping into negative figures.
Customers are being drawn back to Bordeaux by mature vintages priced for drinking rather than speculation, according to Bordeaux Index.
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