Friday, 18 May 2012

2011 Bordeaux En Primeur Campaign Ignites

The 2011 Bordeaux en primeur campaign has kicked up a gear this week with a significant number of important en primeur releases.

First up was the en primeur release of the 2011 Chateau Margaux “Grand Vin” and the en primeur release of the 2011 “Pavillon Rouge du Chateau Margaux” (Chateau Margaux’s “second wine”). Chateau Margaux’s premier cru classified “Grand Vin” was released at €360 per bottle ex negociant (down 40% on last year’s en primeur price).

A London merchant was advertising 12 bottle cases of the Chateau Margaux “Grand Vin” in bond at £3,800 per case on the day of the release and the 2011 “Pavillon Rouge du Chateau Margaux” at £945 per dozen (in bond). The cheapest 2011 en primeur release from Chateau Margaux was the white 2011 “Pavillon Blanc du Chateau Margaux” which was available at £515 per dozen in bond.

The 2011 Chateau Margaux “Grand Vin” was rated as highly as 96pts out of 100 by critics who attended the 2011 Bordeaux en primeur tastings.

Also released en primeur this week was first growth Chateau Haut-Brion. The “Grand Vin” of Chateau Haut-Brion was released at €360 per bottle ex negociant (down 45% on last year). Again this Chateau Haut-Brion “Grand Vin” was being offered at £3,800 per case (in bond) by a London merchant post release. “Second wine” (“Le Clarence de Haut-Brion”) was being offered at £780 per case of 12 bottles in bond.

Other highly rated wines released en primeur this week included 3rd growth Chateau Palmer and 2nd growth Chateau Montrose.

The 2011 vintage of third growth Chateau Palmer was released at €160 per bottle ex negociant (down 25.6% on 2010). The 2011 Chateau Palmer “Grand Vin” was available at £1750 per dozen (in bond) from a London merchant with the 2011 “Alter Ego de Chateau Palmer” available at £430 per dozen (in bond).

A dozen of Chateau Montrose’s 2011 “Grand Vin” will set you back approximately £780 in bond at London merchants, with “Dame de Montrose” (Chateau Montrose’s “second wine”) selling at £250 per dozen in bond.

More than 40 en primeur releases were made on a single day this week, resulting in suggestions that “lesser” Chateaux would be ignored.