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2011 Bordeaux will “bomb”
Robert Parker has forecast a complete lack of demand for 2011 Bordeaux en primeur unless prices drop “dramatically”.
Writing on erobertparker.com about the vintage, he notes, “If prices do not drop dramatically for the 2011 Bordeaux, I do not think there will be any fine ‘futures’ wine market in the civilized world that will buy these wines for delivery in 2014.”
Continuing, he describes the vintage as “surprisingly successful” and compares 2011 in quality to the “underrated 2001 and 2008”, but schools producers to “price low and sell as quickly as possible”.
He also suggests the wines should be released at “reasonable price points” – something he recalls the market hasn’t enjoyed “since the 2008s”.
Indeed, he sums up, that without a significant decrease in release prices for the vintage, “2011s are largely going to bomb as ‘wine futures’”.
Parker’s views echo those of UK wine merchants speaking to the drinks business before the 2011 campaign begun in April.
Indeed, Corney & Barrow MD Adam Brett-Smith told db back in December, “Unless they [the Bordelais] do something of unbelievable drama there is going to be no interest at all.”
You can read a full analysis of Parker’s scores here, but he notes that in general, “Pomerol stands out as the most consistent appellation” while the “least consistent” was Graves/Pessac Leognan.
2011 Sauternes are selling better than 2010 so far. This is no surprise as this appellation faired much better than red Bordeaux according to Bill Blatch – report at http://bordeauxgold.com/wp-content/uploads/2012/04/Sauternes2011VintageReport.pdf
Here prices seem to have been reduced by enough.
Robert Parker is spot on when he uses the phrases, ‘reasonable price points’. The wine wold is experiencing a lot of dressing up where medium to low quality wines are being packaged & projected as premium. This will ultimately create consumer confusion and knee jerk increases in prices by the quality producers My personal opinion is that the price of Bordeaux in generally is over heating. We need to return to realism.
Why aren’t people saying what they are thinking. Basically 2011 is a failed vintage!