Good Saturday morning people!
Right after i’ve written about the Bordeaux 2012 En-Primeur (click HERE), many have “liked” the post and asked me what i feel of the other wineries that have not released their prices.
Well, like i’ve replied, “i believe that prices generally would fall by a decent percentage compared to the 2011 En-Primeur, however, knowing that there are two wineries (Pavie & Angelus) who just got promoted to Grand Cru Classés ‘A’ in Saint Emilion, i’m pretty sure from a business point of view, they definitely have to raise their prices significant enough to fit their branding and status (supposedly)”, Sad to say, some minority agree to their move, some don’t. In London, Corney & Barrow managing director Adam Brett-Smith called the Angelus price ‘inappropriate’. So who are we to really judge? Maybe they shouldn’t?
“*Note that the pictures were taken from the web with back vintage, thus, not representing the exact current label after its promotion”
Despite all these, prices of the First Growth have been dropping so significantly that is pretty quite scary! In my previous post, i quote myself by saying that “…compare to last year’s en-primeur to the massive 25% price drop (expected) for the big labels that are depending on the Chinese markets.” Today, realistically, we’re being told that Chateau Margaux has matched fellow First Growth Chateau Mouton Rothschild by releasing its 2012 wine at €240 ex-Bordeaux (quoted from Decanter), that’s a massive 33% drop from 2011!!
Now fellow wine investors, now what’s your say?
Personally, i think it’s a good time to buy these wines now from a connoisseur’s or collector’s point of view, the 2012 vintage in Bordeaux scored a 8 out of 10, similar to the 2011 vintage as recorded in Berry Bros. & Rudd, thus, if there’s is a drop of prices to what Ch Margaux did with 33%, i’m definitely going in!
THE DRINKING MARKET 