Chateau Lafite Rothschild, a wine estate in Bordeaux’s Pauillac region north of the city, cut the price of its 2013 vintage by 14 percent from 2012 following a rain-hit crop and pressure from merchants for cheaper wines.
Chateau Phelan Segur, an estate in Bordeaux’s Saint-Estephe region, will seek to hold prices for its 2013 vintage stable after saying it has produced wine of similar quality to the previous two years with lower yields.
Wine prices for the Bordeaux 2013 vintage are set to be underpinned by declining yields amid pressure from merchants and investment consultants in the U.K. and U.S. for price cuts of 20 percent or more.
Thirty-six bottles of 2010 Chateau Lafite Rothschild, a Medoc first-growth wine, sold for 5,872 pounds ($9,790) a case this week, its lowest level for three months amid subdued demand for recent Bordeaux vintages.
Spending an afternoon in a Sonoma Valley vineyard sipping from a heavenly $450 bottle of Verite 2007 La Joie is hard to beat. Shelling out a tenth of that for something just as memorable is even better.