For those who like lists: with the massive ‘en primeur’ price increases from 30 of the famous Bordeaux Châteaux last week – 196% up on average on 2008 – I thought it would be useful to compare points and prices of the top 2009s with both the 2008s and the last great vintage, 2005.
The table below shows my scores (GQ) and Robert Parker’s (RP) for the 2009s and 2008s from barrel, and the price in British pounds En Primeur (EP) from UK merchants. On the right hand side, I tasted all the top 2005s in bottle for Wine & Spirit magazine for the Dec 2007 issue, five months before Robert Parker released his final scores. Buyers are dipping back into the market for the 2005s and 2008s against the more expensive 2009s: there’s a lot of sense in that.
2008 was a very good vintage, even if, in many people’s view, Robert Parker was a little generous with some of his scores. It makes for some bizarre comparisons: Ducru Beaucaillou 2008 was rated 96-98 and the 2009 96-98+, yet the the latter is three times the price of the ’08. I’ll be re-tasting the 2008s from bottle in the autumn – follow me on Twitter http://twitter.com/GavinQuinney for updates.
Meanwhile, the better deals on 2009s were to be found on wines released earlier in the campaign, so it’s worth searching them out as many are still available. See also my separate post to follow for my ‘Best Buys of Bordeaux 2009’ and my summary of tweets throughout the campaign. Keep reading
“The Bordeaux circus is over until next year but it is already clear from British drinkers’ inquiries that there are as many clowns in the audience as there are on stage. Make certain you are not one of them.”
This stern warning came from Jane MacQuitty in The Times on May 5th, 2001, following the En Primeur tastings of the much-hyped 2000 vintage. Jane might have been a little wide of the mark in terms of investment advice back then, but her words ring true for many of the top end 2009s released this week.
Don’t get me wrong – there are some fantastic wines in 2009. It’s just that the market for them has gone bonkers and I believe that this time it’s different. I was a big fan of buying the 2000s and the 2005s En Primeur, despite warnings from many observers at the time that prices were too high: writing up the ’05 Primeurs for Wine and Spirit magazine, I urged readers to buy the wines, and re-stated that in December 2007 after I’d tried them all in bottle.
There have been some terrific 2009 values, and I’ll highlight those shortly. However, the prices for many of the ‘second’ tier of top 2009s from Bordeaux, released this week, simply beggar belief (see below). According to Liv-ex, prices announced in the final week are up nearly 200% over 2008 and 57% over 2005 – and much more than this above ’05 in £ terms. Even more astonishing is that many are selling out, apparently. I have been receiving emails, asking advice on ‘should I buy this, should I buy that, what should I buy?’ which I’m only too happy to answer. I usually refer to my up-to-date list of 2005s v 2009s. Keep reading
Updated regularly in June: So the big guns have left it until after the World Cup kicks off before launching their 2009 sales campaign. In the meantime, I’ve been looking at prices and scores against the last vintage of the decade/century/lifetime: 2005. The table below should give you a feel for what the right price should be on 175 leading wines. All things being equal, a 2009 – still in barrel – should be cheaper than the 2005 from the same estate, yet things aren’t always that simple.
The 2009 columns, on the left, are my scores (GQ) and Robert Parker’s, using the 100 point system, Jancis Robinson’s out of 20, and then the price in £ En Primeur from UK merchants. The spaces indicate the wines that have yet to be released, although I’ll keep the list updated.
On the right hand side, I tasted all the top 2005s in bottle (except Château Ausone, sadly) for Wine & Spirit magazine for the December 2007 issue, five months before Robert Parker released his final scores, shown here also. Buyers are dipping back into the market for the 2005s against the more expensive 2009s: there’s a lot of sense in that. Keep reading