En Primeur Update
Posted by Daniel Stewart on May 11th, 2012
It has been a very slow start to the campaign as the market has waited to see what the better known Châteaux would do with their release prices. Following the initial big boom from Château Lafite (reduced by 40% on 2010) and Cos D’Estournel (45 % less than 2010) there has been a deafening silence from the other big Châteaux.
In the meantime there has been a flurry of releases from lesser Château and from all the old reliable, good value names like Chasse-Spleen, Ormes de Pez, Sociando-Mallet.
The problem is most of these have only decreased by 5-10% on last year’s prices. Why? Simply because – they argue – they didn’t hugely inflate their prices in 2009 or 2010 so there is nothing to reduce them from. Fair enough that is mostly true, however it may make them look a little pricey if the big names cut their prices deeply.
Well, that is exactly what happened yesterday the release of the highly sought after Pontet-Canet at 34% less than 2010 caused quite a stir and sold out in a matter of hours with the London Merchants. This in turn has led to other big names following suit today: Pape Clement 40% cheaper than 2010, Giscours both 40% and Gaffelière 37 % cheaper and more are sure follow.
What all this means is that the lesser known Château although some have made very good wine will likely suffer because famous names such as Lynch-Bages, Léoville-Barton, Palmer and the Pichons may become affordable for the first time since 2008. We all await their release with bated breath……
Already Pontet-Canet (we have a couple of cases left) looks like a comparative steal at €903 per dozen compared to last year’s €1309. Château Giscours too is a good buy at €357 when compared to the 2010 price of €527 and although Parker much preferred the 2010 but Decanter’s Stephen Spurrier had the two vintage’s almost equally pegged and both rated as 4**** wines.
Whatever happens it is going to be an interesting couple of weeks and if the famous names are sensible there may be some very good buys to be had, stay tuned…..




Good start; the Judge assigned as our panel leader is Robert Parker’s right hand man; Neal Martin, who turns out to be an affable and involving panel leader. The other Judges are a UK wine journalist, a wine lecturer, a fine wine specialist from Brazil and me.


In the Meantime:
Wanting value and class?
On a tight Budget? 
Leading Chilean wine producer and a big favourite of ours, Emiliana, almost swept the board at the Wine Industry’s “Green Oscars” this week; The Drinks Business Green Awards 2012.





The results are in for one t
Just in case you thought that buying trips were all jolly old tastings and fancy wine dinners, here is a quick re-cap of Day 1 at the busiest Wine Fair in Europe – Prowein.
10.30am check in our bags and begin tasting; first up Fleur McCree with Insight Vineyards – 3 wines to taste including their spectacular 


