Why is bordeaux price dropping ?

[Robert.A.Jr]

Great time to be a buyer! I don’t care about the “why” at all, and it is likely a confluence of multiple factor, as i only care about the “now”. I’m a buyer and a back-filler in this current market. We have these trends periodically in the marketplace, take advantage of it if you can. I’m surprised by how cheaply I have grabbed some 2016s recently, like Brainaire for $49.99 (also saw it cheaper than that but had already grabbed enough).

Robert, you have this weird attitude about Bordeaux prices (that it is better that they go down rather than up) because you have this warped view of Bordeaux. You actually drink the stuff. I do not see how you could possibly hope to make money on your Bordeaux (which apparently is the purpose of Bordeaux) if you insist on drinking the wine.

I know, so idiosyncratic. I guess when you are not that smart, you interpret “liquid assets” too literally!

[Jeff_Leve]

It’s a great time to be a wine drinker. It’s a bad time to be a wine investor.

As someone who can’t afford to be a wine investor and looks back at the prices of the 1980s with a sigh I am currently more happy than I have been in recent years.

Hi Jeff
I would be delighted if you told us how you rate Chateau Canon 2019?

You should use my site more often FWIW, every wine I taste and take notes on are always posted on my site. Canon, to the best of my knowledge did not send samples of 2019 to anyone. I am sure it is a great wine, as I tasted almost every Saint Emilion on the plateau, and that specific terroir performed great in 2019. If you had to buy blind, it is worth taking the chance on.

[Jeff_Leve]

It’s a great time to be a wine drinker. It’s a bad time to be a wine investor.

As someone who can’t afford to be a wine investor and looks back at the prices of the 1980s with a sigh I am currently more happy than I have been in recent years.

Prices from the 80’s? While I get your point, how is that relevant? As a guess, I’d venture to say that at least half, if not more of the members of this board were not even born yet. That is a more sobering statistic to me

[HenryB]

the notes on Canon on cellartracker do seem encouraging FWIW.

[A_Songeur]

I do use your site but there was no note, hence my question. My understanding is that many critics have now tasted it so was wondering whether you did. Bought 3 bottles in 2019 as in 2015 though.

[crickey]

I do use your site but there was no note, hence my question. My understanding is that many critics have now tasted it so was wondering whether you did. Bought 3 bottles in 2019 as in 2015 though.

I only see three critics with notes (Jane Anson, Jean-Marc Quarin and James Lawther), and all were there from the beginning, as I think they had direct access to the chateau.

[Jeff_Leve]

I do use your site but there was no note, hence my question. My understanding is that many critics have now tasted it so was wondering whether you did. Bought 3 bottles in 2019 as in 2015 though.

Cool, thank you for reading us.

For 2019 Canon, and perhaps 10 other wines, give or take, the only way you could taste those wine is at the chateau. Hey, I was thrilled I was able to the First Growths and about 700 wines overall! Two of the tasters listed in the post above live in Bordeaux. I am not sure if Lawther lives in the UK or France.

FWIW, if you liked 2015 Canon, and I love it, you will be happy with 2019.

[Markus_S]

… As a guess, I’d venture to say that at least half, if not more of the members of this board were not even born yet. That is a more sobering statistic to me

Not sure about this. Many here are in their 50s plus. There may be younger cohorts, but who has the larger cellars?

[HenryB]

Late 80s with a 1000 bottle cellar here, mostly Bordeaux!

[Art_R]

Taste buds holding up? I’m 72 and mostly stopped buying to age with the 2000 vintage. I have concerns…but, to my surprise, all right so far. Kudos to HenryB.

[HenryB]

Taste buds holding up? I’m 72 and mostly stopped buying to age with the 2000 vintage. I have concerns…but, to my surprise, all right so far. Kudos to HenryB.

Its all paint stripper to me but it impresses my clients

(Jokes)


I’ve tasted a few aged Bordeauxs in my time but nowhere near as much as I’d like - though I’ve had some good ones in that time (01 Yquem, 89 Petrus as prime examples) - I mainly have built a cellar around what will be cracking in 20-30 years time. A LOT of 18/19 En Primeur, to be honest.


Edit:

I’ve been lucky with wines I’ve had in some ways. I’ve not had verticals upon verticals of Lafite, Petrus, etc, but I do go to things like the BBR En Primeur tasting every year - last year the historic vintage was 2009 so I got to taste a hallf dozen or so Parker 100 pointers from the 09 vintage. Everytimee I break out a nice bottle of wine with friends, they all absolutely adore it. I do think wine adoption in my and the younger generation is just a matter of time and taste, rather than a fundamental behaviour shift

[Pat_Burton]

… As a guess, I’d venture to say that at least half, if not more of the members of this board were not even born yet. That is a more sobering statistic to me

Not sure about this. Many here are in their 50s plus. There may be younger cohorts, but who has the larger cellars?

Why is cellar size relevant here?

[David_Kubiak]

Recent auction catalogues are full of both Bordeaux and Burgundy from 2015– . Given costs involved I don’t understand how people can make money with such a short turn-around.

[Marcus_Dean]

Recent auction catalogues are full of both Bordeaux and Burgundy from 2015– . Given costs involved I don’t understand how people can make money with such a short turn-around.

Depends on the producer and what you paid for it in the first place.

[Andy_Sc]

I do use your site but there was no note, hence my question. My understanding is that many critics have now tasted it so was wondering whether you did. Bought 3 bottles in 2019 as in 2015 though.

I only see three critics with notes (Jane Anson, Jean-Marc Quarin and James Lawther), and all were there from the beginning, as I think they had direct access to the chateau.

I see 96-97 JM Quarin, 98 Decanter (Jane Anson), 100 Yves Beck, 97-98 Revue Vins France, 19 Weinwisser (#1 Wine Magazin in Germany), 17.5 Jancis Robinson (James Lawther)

[Andy_Sc]

… As a guess, I’d venture to say that at least half, if not more of the members of this board were not even born yet. That is a more sobering statistic to me

Not sure about this. Many here are in their 50s plus. There may be younger cohorts, but who has the larger cellars?

In my mid 30s here with 1593 bottles of Bordeaux in my cellar.

[HenryB]

If you bought 2015 Bordeaux at EP, you should be for the most part at least neutral if not up a bit.

Wine, Release Price, Price Now
Mouton, £2130/6, £2220/6
VCC, £845/6, £1220/6
Haut Brion, £2130/6, £2200/6
Cos D’Estournel, £635/6, £630/6
Palmer, £1100/6, £1225/6
Rauzan Segla, £280/6, £385/6


Obviously I’m ignoring some things deiberately e.g. Margaux and Canon.