A recent Jancis Robinson article in the Financial Times about the 2009 Bordeaux vintage. She thought they were showing well but said that prices have dropped (17% for 1st growths) since their release. Interesting stuff:
Meh. They are still about 400% too expensive for me to even consider purchasing.
---------- "I was astonished to hear this, if only because I have never felt that loving Burgundy precluded one from loving Pinot Noirs—or any other wines—from elsewhere." -Matt Kramer
Posts: 2615 | Location: San Diego | Registered: Jan 17, 2006
Did I read it wrong, or is it saying that everything besides first growths have actually increased (7% on Left and almost 10% on Right)? I admittedly didn't read it fully, but did see that paragraph. The first growths are so far out of my range that the decrease doesn't concern me. I wish the others that are in my range would've decreased.
Posts: 2205 | Location: Chicago | Registered: Apr 06, 2009
I am still holding the belief that the Bordelais are holding decent quantities (at least more than usual) of 2009 & 2010 for future release. Their own private hedge fund. Their prerogative I suppose.
"The greatest thing you'll ever learn is just to love and be loved in return."
Psoup, I agree, especially as to 2010. Just a hunch, but 2010 purchases per CT were way down. Once things settle down after the scores come out, I expect some price reductions. I think this will happen with 2011 too.
Posts: 98 | Location: Milwaukee, WI | Registered: Dec 29, 2011
Maybe it's because the 1st Growths started to dilute their some of their product (a la Maker's Mark) with cola in order to increase supply due to China demand
On a serious note, the price drop probably related to the global economy, auction prices, and a flight to quality-to-price.
Posts: 305 | Location: NYC | Registered: Feb 25, 2011
