“What is it that makes a person pay nearly £100 for a magnum of claret?” Richard Whitmore of BBC news asked Michael Broadbent, referring to a sale of Lafite 1870 in this short clip. These magnums of Lafite 1870 sold for under £100 in 1978. With inflation, that’s £550 in today’s money. The same wine is on sale now for £21,000 and, by that same token, the 41 magnums of Lafite 1870 that sold in that auction for £3000 almost 30 years ago would be worth £940,000 today. Keep reading
The Bordeaux en primeur campaign has come to a close. Farr Vintners, the UK’s biggest importer of fine wines from Bordeaux, reported that this, unsurprisingly, was their best campaign since the 2010 vintage. But it could have gone better. “Although this has been a successful campaign (and clearly a great vintage), we have only really sold 30-40 châteaux in volume. It would have been more successful if prices had been more reasonable. Too many proprietors have increased their prices without justification and many wines that could have sold well have actually sold poorly as a result of this. On top of this, we were also hindered by an exchange rate that was 15% worse than last year.” Keep reading
As they say, the wines that are really in demand you can’t get hold of, and the wines that are available no one wants to buy. However, there are some delicious wines that are affordable – and available – which are certainly worth a punt. Steven Spurrier, the hugely respected writer and critic for Decanter who retired from judging the primeurs earlier this year, told me that he didn’t buy wines that cost more than £500 a case en primeur/in bond (ie excluding duty and VAT) because he didn’t have any friends who’d appreciate them.
The Bordeaux 2016 ’en primeur’ machine marches relentlessly on. (Lordy, I’ve been to nine Chelsea matches since the official week of tastings began in Bordeaux at the start of April, and there’s still no end in sight.) Here’s a link to a copy of my Bordeaux 2016 report for Harpers, the UK trade magazine, including my favourite 100 red wines. You can find many of my scores tabled alongside other critics on Liv-ex, the London International Vintners exchange, here.
I can’t repeat the whole article here but here are some highlights.
Download a detailed pdf of this map here
As wine maps go, this isn’t the jolliest. The overnight frosts that swept through Bordeaux at the end of April 2017 were devastating for some vineyards but not for others, so – given the conflicting reports about price rises and chateaux ’holding back stock’ – I thought a map showing the levels of impact in different areas would help provide a clearer picture.
As I mentioned a week after the worst of the frosts, we lost about 50% of our potential harvest at Château Bauduc (near Créon on the map), comprising most of the lower slopes of our 25-hectare/63-acre vineyard.