Mature vintages dating back to the 1990s from top Bordeaux estates are among wines offering the best opportunities for gains after a three-year market slump, according to a manager at The Wine Investment Fund.
Bordeaux estates Chateau Pichon Longueville Comtesse de Lalande and Chateau Ducru-Beaucaillou released prices for 2013 wines in the past week, confirming growers’ resolve to hold close to 2012 levels amid low yields.
A 10 percent price cut on the 2013 vintage from both Chateau Haut-Brion and Chateau Margaux this week followed reductions from rival first-growths Chateau Lafite Rothschild and Chateau Mouton Rothschild as top Bordeaux estates tested market demand.
A waiter is pouring generous rations of wine in the private dining salon of Chateau Margaux on the left bank of the Gironde estuary in southwestern France. Baccarat crystal schooners are filled to the brim with one of the world’s rarest liquid investments. The costly history of downing Chateau Margaux unfolds.
Chateau Leoville-Las Cases, a wine estate in the Saint-Julien district of Bordeaux, cut the price of its 2013 wines by 7 percent from the previous year amid pressure on growers after cold, wet weather hit the crop.
Chateau Cheval Blanc, a leading wine estate in the Saint-Emilion district of Bordeaux, cut the price of its 2013 wines by 12 percent from the previous year amid pressure on the region’s growers after cold, wet weather affected the crop.
Chateau Figeac, a wine estate in the Saint-Emilion district of Bordeaux, priced its 2013 vintage in line with the previous year as rival Chateau Langoa-Barton announced a 5 percent reduction amid pressure to lower prices.
The 2001 vintage of Chateau Margaux, a Medoc first-growth wine estate, fell to a 14-month low of 2,900 pounds ($4,850) a case on Liv-ex yesterday as the London- based market’s Fine Wine 50 Index extended its decline.
The 2005 vintage of Chateau Margaux, a Medoc first-growth wine estate, fell to a 17-month low of 5,200 pounds ($8,600) a case on Liv-ex in the past month as the London-based market’s Fine Wine 50 Index extended its decline.