Top 5 biggest price increases of Bordeaux 2016

The latest en primeur campaign is now firmly in the rearview mirror, with merchants counting up the costs and gains of nearly two and a half months of what has been an intriguing campaign.

A full report will appear online at the drinks business this week but some pricing analysis from Liv-ex has also been released.

After a cautiously optimistic start where some big names such as Cos d’Estournel and Montrose chose not to raise their prices on last year (although Montrose then released a pitiful amount of stock), true to form prices then began to rise as the campaign went on.

This matter was compounded by the weak exchange rate between the pound and the euro which meant that a wine could be released with an ex-négociant price of (for argument’s sake) +20% versus the 2015 release and in London that wine would then be around 30% more expensive than it had been last year.

Price rises and Bordeaux are now so commonplace that eyes must invariably roll every time a new wine is released but, to their credit, while there were a few hefty increases ex-château, very few big name wines this year increased their prices by more than 20%, still fewer by more than 25%.

This is in contrast to the 2015 campaign where, as Liv-ex points out, “increases of 40-50% by the middle of June were normal”. Vieux Château Certan’s release of 28% was quite high for this campaign but last year it would have been normal.

On the following pages we quickly run through those labels that on paper had the biggest price hikes of the campaign.

It doesn’t mean they were the ‘worst’ priced or offered the least value – not always anyway – as there were many estates that put up their prices by smaller margins and, arguably, were less compelling buys – but purely in terms of headline numbers, these five were the biggest increases.

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