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Great uncertainty (and apprehension?) re. prices on Bordeaux primeurs

>> Monday, July 02, 2007

040330-2-71-0010What will happen with the prices on the primeur wines (“release prices”) from Bordeaux? Many people, both buyers and sellers, seem to look at it with a certain concern. And many chateaux seem reluctant to announce the prices. The prices will certainly be below those for the 2005 vintage that were extremely high. But how much lower? Some (Mr Parker among them) predict that it is a vintage that will not much interest the American market. For economic reasons and because fo the weak dollar. First to release the price was Léoville-Barton who announced a price that was certainly lower than for 2005 but still quite high according to some observers. Other chateaux seem to wait (hesitate?) with the prices… Is it the beginning of market reaction on the very high prices of recent years? We will see. Read more:


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