I took it to mean whether the fashion among WBers and similar higher end wine collector types will swing from Burgundy to Bordeaux. Will Bordeaux become the in thing again the way Burgundy and Champagne are at the moment?
Cursed with a love of Pinot noir, but feeling blessed price-wise that I prefer new world style, e.g. Twomey.
Having said that … I’ve got a case of 2019 1er Cru Les Vergelesses coming whenever it arrives this year, and I’m already kind of wishing we hadn’t bothered (tasty as it is). Prices have got to come down. Speaking of which, with China driving a lot of that these days - fascinating article here about Bordeaux vs Burgundy pricing driving those changes: https://janeanson.com/market-analysis-bordeaux-in-china
‘09 Bordeaux EP pretty much killed the golden goose for Bordeaux…left such a bad taste in the mouth for most EP buyers, few will return in a big way again.
Hi - I don’t know much about the futures market and what happened in 2009. Recall it was a great vintage — but could you help a newbie with what burned the EP buyers? Fraudulent trades?
I don’t think the 2009 EP market had anything to do with it. Despite frequent claims by posters you will never see wine buyers “get mad and leave” an entire region en masse because of pricing decisions. Maybe individuals will stop being able to afford to buy old favorites but that’s different
The issue with Bordeaux is and always has been that there is enormous supply of the high end wines. That means that the market will always correct price overshooting, and there is way less FOMO and frantic chasing of rare bottles than you will see in Burgundy. Just a very different dynamic
I think this is on the money. I’d suggest that you are going to see the $$$ go to pretty much anywhere else with small production. Especially if its split up in (small) vineyards.
The recent push on say Barolo pricing would be an example of this. .