First Growths under $200 En Premeur?

[gwagner]

With growing demand for Burgs, will we ever see First Growth Bordeaux en Premeur for sub $200?

The obvious answer is no, but it could happen. Suppose a collapse of the asian market, and a flight back to the US and Europe for the Chateaus. Any thoughts?

[Paul_Jaouen]

No to the first question.

[Bill_Tex_Landreth]

No. Not. Ever. Again. Ever.

[Rauno_E_NZ]

Oh yes - all it will take is a run of ordinary vintages. '02s were sub $200, so if pressure on moving millions of bottles of ordinary 11s, 12s, 13s… builds up then they will have to take that hit

[Bill_Tex_Landreth]

@Rauno E (NZ)

Oh yes - all it will take is a run of ordinary vintages. '02s were sub $200, so if pressure on moving millions of bottles of ordinary 11s, 12s, 13s… builds up then they will have to take that hit

Ego will not allow that to happen.

[RyanC]

IIRC some 08s could be found for right around $200 for a brief period. It could definitely happen again

[G_Keeler]

@Ryan Caughey

IIRC some 08s could be found for right around $200 for a brief period. It could definitely happen again

Yep. I bought FG’s in the 08 vintage (wedding year) for under or right around $200.

[NED_VALOIS]

'o2’s were under $100 !

[Jeff_Leve]

@NED VALOIS

'o2’s were under $100 !

2002 was 11 years ago. It is a completely different world today. It would take a collapse of the world economy for this happen. Current back stock of First Growths would have to slide to under $200 for it to be realistic to see offerings at $200. The price asked for 2012 First Growths, while not cheap was fair to people willing to spend that much on Bordeaux.

[Kevin_M_L]

I just picked up a 2012 Margaux on the PC weekend sale for $275. That’s pretty darn close, all things considered. (That said, query whether PC will deliver it in my lifetime…)

[Keith_Levenberg]

@Jeff Leve

The price asked . . . while not cheap was fair to people willing to spend that much

All this and more in the latest issue of Tautology magazine!

[ClarkstonMark]

It happened in 08, and it will happen again.

[Mark_Golodetz]

Unlikely, and nasty if it does.

[A_So]

Never… inflation, at the very least…

[Craig_G]

We might see 2012 FGs under $200 from Premier Cru next year, if ratings don’t go up.

[M_Kelly]

From PC is entirely different than getting KL or someone else to offer via a negoce at a reasonable level. I don’t buy them. If I could get Cheval for 250 or less, I would. That’s not going to happen, I don’t think. There is too much money over there that will allow the owners to sell less and maintain.

[Neal.Mollen]

@Jeff Leve

2002 was 11 years ago. It is a completely different world today. It would take a collapse of the world economy for this happen. Current back stock of First Growths would have to slide to under $200 for it to be realistic to see offerings at $200. The price asked for 2012 First Growths, while not cheap was fair to people willing to spend that much on Bordeaux.

It is unlikely to happen absent an ugly world economy, paired with a couple of relatively weak vintages back to back.

But I definitely disagree with the highlighted sentence. One can routinely buy back vintages of FGs for less than the current offerings and oddly the prices of one market seems to have no impact on prices in the other.

[Bill_Moore]

@Keith Levenberg

@Jeff Leve

The price asked . . . while not cheap was fair to people willing to spend that much

All this and more in the latest issue of Tautology magazine!

[A_S_K_R_O_B_A_C_K]

@Jeff Leve

@NED VALOIS

'o2’s were under $100 !

2002 was 11 years ago. It is a completely different world today. It would take a collapse of the world economy for this happen. Current back stock of First Growths would have to slide to under $200 for it to be realistic to see offerings at $200. The price asked for 2012 First Growths, while not cheap was fair to people willing to spend that much on Bordeaux.

[Brian_Zamkotowicz]

$245 Margaux from PC today. Getting close.