Bordeaux 2012 prices continue to be released
As the 2012 En Primeur campaign gets underway a third of Bordeaux's classified wines have now been released. Everyone is watching closely to see how much the 2012 prices will have dropped.
Margaux's Chateau Palmer was released at €160 just 1% down on its 2011 price. Chateau Talbot came out at €26.40, unchanged from 2011, but last year they dropped 33% from their 2010 price. Others include Chateau Clauzet in Saint Estephe, at €10.40, down 1.14% from 2011, and Phélan Ségur, also Saint Estephe, at €21, so 5% down from last year.
From the merchants’ side, there is cautious optimism that Bordeaux is listening to the market in terms of timing, and not dragging things out as it did in 2011, but price drops are inconsistent, and the increased prices of Angélus and Pavie yesterday have sent out the wrong signal.
Says Nick Stephens of Interest in Wine 'The pricing levels for the 2012 vintage show that chateaux owners have little empathy with the market, proving themselves again to be winemakers first and businessmen second.'