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Bordeaux Frist Growths release 2004 prices

>> Sunday, July 03, 2005

Mouton-Rothschild, Margaux and Haut-Brion have announced the prices for the 2004 primeurs. The price (the same for all three) is 80 euro, down 33% from last year but still substantially higher than the 60 euro asked for the 2002s. (One wonders how they all three almost always land on the same price…?) This confirms (once more) the downward trend. Some chateau have even lowered the prices much more, with up to almost 50%. When we were in Bordeaux two weeks ago the impression was that even at these prices many producers have difficulties selling anything at all.

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