The 2019 Bordeaux are coming out.

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Br1an Th0rne
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Re: The 2019 Bordeaux are coming out.

#1001 Post by Br1an Th0rne » August 15th, 2020, 7:09 am

Interesting article https://www.thedrinksbusiness.com/2020/ ... w-20600936

“ The Bordelais may have cut their prices hard but they did the same with what they released.

Château Lafite for example cut its release volumes by 50% versus last year and Palmer is estimated to have done something similar; Cheval Blanc and Figeac dropped their release volumes by 30%, Pichon lalande by 25%, Mouton, Lynch Bages, Léoville Barton, Cos d’Estournel and Conseillante all by 20% – and this was a decent sized vintage too.

The 2019 prices may have been enticing but, as Liv-exs Justin Gibbs asked the drinks business, how far can those prices rise now given market awareness of how much stock is still sitting in cellars across the Gironde?“

jetsetter
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Re: The 2019 Bordeaux are coming out.

#1002 Post by jetsetter » September 16th, 2020, 7:58 am

So much helpful information in this thread as a long time lukrer.

Futures out at the LCBO today, picked up a few 750s. No 375s or Magnums available.

Pichon Lalande
Pichon Baron
Pontet
Clinet
SHL
Figeac
Cos
Ducru
Poyfere
Issan
Branaire-Ducru
Matt Robson

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Sean S y d n e y
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Re: The 2019 Bordeaux are coming out.

#1003 Post by Sean S y d n e y » September 16th, 2020, 8:37 pm

jetsetter wrote:
September 16th, 2020, 7:58 am
So much helpful information in this thread as a long time lukrer.

Futures out at the LCBO today, picked up a few 750s. No 375s or Magnums available.

Pichon Lalande
Pichon Baron
Pontet
Clinet
SHL
Figeac
Cos
Ducru
Poyfere
Issan
Branaire-Ducru
I also dipped into LCBO futures for the first time, but my purchases were a bit more modest: two bottles of Cantemerle, one Sociando-Mallet, one La Lagune. Cheers!
Instagram: @seansydney

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Re: The 2019 Bordeaux are coming out.

#1004 Post by JonathanG » September 16th, 2020, 8:55 pm

For you Canucks, I know there are some wine storage facilities that were setup on the US side of the border specifically to cater to Canadians. you order your wine, deliver-to address is the storage facility, they receive the bottles and you drive across to rack them and take home what you want, when you want. May offer you guys more options for futures and wines, and probably at a far lower price. Just have to live with the rules on how much you can bring home on one trip.
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jetsetter
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Re: The 2019 Bordeaux are coming out.

#1005 Post by jetsetter » September 17th, 2020, 5:45 am

JonathanG wrote:
September 16th, 2020, 8:55 pm
For you Canucks, I know there are some wine storage facilities that were setup on the US side of the border specifically to cater to Canadians. you order your wine, deliver-to address is the storage facility, they receive the bottles and you drive across to rack them and take home what you want, when you want. May offer you guys more options for futures and wines, and probably at a far lower price. Just have to live with the rules on how much you can bring home on one trip.
I usually pick up my requisite 2 bottles when I am down in the states. If you want to bringing back a lot, flying into Canada via Alberta is the best option. They charge ~3$ per bottle duty and collect the standard sales tax for your Province. Much more realistic then the KGBO.

Accounting for the exchange rate, sales tax, flight and the current 25% french wine duty, the futures in Canada were maybe a little cheaper or very close to on par for a change.

I picked up 6 Lalande (was the limit) for 269 CAD vs 150USD. If you run it as price * US french wine duty * current exchange rate * sales tax -> 150 * 1.25 * 1.35 * 1.13 = 286.03125. The Lalande was a little over a 22% price drop vs the 2018.

You could do a max of 60 bottles or 45 total litres. Then average the cost of a flight and a few days in the US to pick it up in the future. If the 25% duty goes away, could save ~30$ per bottle, so probably not worth the risk and extra effort.

Some options, like the Poyferre, were even better at 129CAD vs 80USD.. Would end up at closer to 152.55 CAD. It was a 22% price drop over the 2018.

Edit: Biggest disappointment was no 375ml or large formats in the 2019 release :(.
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Re: The 2019 Bordeaux are coming out.

#1006 Post by J I M Nuffie!d » September 17th, 2020, 3:25 pm

jetsetter:
What was that about a 45 liter limit? Is that Alberta's limit at the rates of duty you have described? What do they do if you have more?
I will be returning to Canada after many years in the US (Green Card) at some point and I have hundreds of bottles that I'll need to bring with me. My current adviser is telling me that as long as they accompany my household goods and are declared as personal wine collection (which they are), then I can bring my entire collection.

Does this square with what you know?

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Mark Golodetz
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Re: The 2019 Bordeaux are coming out.

#1007 Post by Mark Golodetz » September 17th, 2020, 5:47 pm

Br1an Th0rne wrote:
August 15th, 2020, 7:09 am
Interesting article https://www.thedrinksbusiness.com/2020/ ... w-20600936

“ The Bordelais may have cut their prices hard but they did the same with what they released.

Château Lafite for example cut its release volumes by 50% versus last year and Palmer is estimated to have done something similar; Cheval Blanc and Figeac dropped their release volumes by 30%, Pichon lalande by 25%, Mouton, Lynch Bages, Léoville Barton, Cos d’Estournel and Conseillante all by 20% – and this was a decent sized vintage too.

The 2019 prices may have been enticing but, as Liv-exs Justin Gibbs asked the drinks business, how far can those prices rise now given market awareness of how much stock is still sitting in cellars across the Gironde?“
I doubt whether the 2019 Palmer is half of the release of 2018. They famously had a tiny crop then.
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Steve Ellis
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Re: The 2019 Bordeaux are coming out.

#1008 Post by Steve Ellis » September 17th, 2020, 6:57 pm

I was caught by surprise on the LCBO release of the 2019s and sadly missed out on the Lalande and Pontet when I put my order in around noon. I ended up with 3-packs of Palmer, Baron, Mouton, VCC, Haut Brion, LMHB, DDC, Cos D'Estournel, Montrose, and Ducru.

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Re: The 2019 Bordeaux are coming out.

#1009 Post by JonathanG » September 17th, 2020, 11:41 pm

J I M Nuffie!d wrote:
September 17th, 2020, 3:25 pm
jetsetter:
What was that about a 45 liter limit? Is that Alberta's limit at the rates of duty you have described? What do they do if you have more?
I will be returning to Canada after many years in the US (Green Card) at some point and I have hundreds of bottles that I'll need to bring with me. My current adviser is telling me that as long as they accompany my household goods and are declared as personal wine collection (which they are), then I can bring my entire collection.

Does this square with what you know?
Google is an amazing thing

https://hellolcbo.com/app/answers/detai ... to-ontario
J0|\|@+h@n Gr@h@m

HenryB
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Re: The 2019 Bordeaux are coming out.

#1010 Post by HenryB » September 18th, 2020, 1:47 am

FWIW, the 2019 Le Petit Cheval Blanc came out a day or so ago. People should be aware this is actually a white wine. I almost bought some, thinking 100/bottle of Cheval Blanc's second wine isnt a bad price at all.
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jetsetter
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Re: The 2019 Bordeaux are coming out.

#1011 Post by jetsetter » September 18th, 2020, 6:07 am

JonathanG wrote:
September 17th, 2020, 11:41 pm
J I M Nuffie!d wrote:
September 17th, 2020, 3:25 pm
jetsetter:
What was that about a 45 liter limit? Is that Alberta's limit at the rates of duty you have described? What do they do if you have more?
I will be returning to Canada after many years in the US (Green Card) at some point and I have hundreds of bottles that I'll need to bring with me. My current adviser is telling me that as long as they accompany my household goods and are declared as personal wine collection (which they are), then I can bring my entire collection.

Does this square with what you know?
Google is an amazing thing

https://hellolcbo.com/app/answers/detai ... to-ontario
Yes, exactly. You can bring back quite a lot, without duty, directly into Ontario as a returning citizen if you've been gone for > a year.

My parents spend 6 months in the US... Should get them a big storage fridge and get them to stay down for a year! champagne.gif
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Re: The 2019 Bordeaux are coming out.

#1012 Post by jetsetter » September 18th, 2020, 6:08 am

Steve Ellis wrote:
September 17th, 2020, 6:57 pm
I was caught by surprise on the LCBO release of the 2019s and sadly missed out on the Lalande and Pontet when I put my order in around noon. I ended up with 3-packs of Palmer, Baron, Mouton, VCC, Haut Brion, LMHB, DDC, Cos D'Estournel, Montrose, and Ducru.
The website didn't work at all from when it opened at 8:30 to around 9:40am. After that, the PLL and Pontet both sold out in ~15 minutes or less with a limit of 6 bottles on each.
Matt Robson

Ryan A
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Re: The 2019 Bordeaux are coming out.

#1013 Post by Ryan A » September 18th, 2020, 8:06 am

HenryB wrote:
September 18th, 2020, 1:47 am
FWIW, the 2019 Le Petit Cheval Blanc came out a day or so ago. People should be aware this is actually a white wine. I almost bought some, thinking 100/bottle of Cheval Blanc's second wine isnt a bad price at all.
Hi this is a red wine not a white wine at least it hasn’t been to date. It usually costs about $150 so $100 is a great deal. Cheers.
Ryan.Ansell

MichaelLee
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Re: The 2019 Bordeaux are coming out.

#1014 Post by MichaelLee » September 18th, 2020, 8:43 am

Le Petit Cheval is Red
Le Petit Cheval Bordeaux Blanc is white

HenryB
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Re: The 2019 Bordeaux are coming out.

#1015 Post by HenryB » September 18th, 2020, 3:23 pm

Ryan A wrote:
September 18th, 2020, 8:06 am
HenryB wrote:
September 18th, 2020, 1:47 am
FWIW, the 2019 Le Petit Cheval Blanc came out a day or so ago. People should be aware this is actually a white wine. I almost bought some, thinking 100/bottle of Cheval Blanc's second wine isnt a bad price at all.
Hi this is a red wine not a white wine at least it hasn’t been to date. It usually costs about $150 so $100 is a great deal. Cheers.
No - the second red wine of Cheval Blanc, is Petit Cheval - released circa 8th of June 2020 at £750/6. The wine released yesterday is Petit Cheval Blanc (or punctuated correctly, Petit Cheval, Blanc) of the 2018 vintage (not 2019), at £234/3. Note an error in my original post, its 2018 that came out not 2019 (I just noticed). Notes make clear it is a white wine, but the name is deceptive imho
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