The Bordeaux 2011 En Primeur campaign will start shortly. Next week, the trade will go and taste the wines but this week, several wine critics have already done so. Robert Parker, who said on Twitter that he had no interest in the 2011 vintage before going out to Bordeaux, has also tasted the new vintage.
Denis Dubourdieu is a professor at the University of Bordeaux and a top oenologist. He is also a consultant, scientist, owner and wine maker of Doisy Daene and Clos Floridene. He is very well positioned to comment on the quality of the 2011 Bordeaux vintage, or at least on the prevailing climatic conditions that largely dictate what the individual winemakers at the various Chateaux can work with.
They were expected to be high, but the 2009 scores released on March 1 by Robert Parker have exceeded the highest expectations.
"Not a myth but mythical" is Parker's subtitle for his Bordeaux 2009 review. Indeed. He goes on to say "In short, 2009 is the greatest vintage I have tasted in Bordeaux since 1982". He backs this up by awarding no less than 18 Bordeaux reds, and 1 white, the perfect score of 100 points.
After 6 months of continuous falls in price, the market now seems to have turned a corner. The Liv-ex 50 has stopped its decline and is indeed edging back up.
On a longer and more important timescale, this is reflected in the Liv-ex 100 as well:
Can we expect a boom in Indian fine wine imports?
There has been an avalanche of reports in the media lately, social media included, about falling demand for Bordeaux wine. Often suggesting that China has fallen out of love with Bordeaux, that it would now be all about Burgundy and that Bordeaux wine prices have but one way to go: South.
It seems to be fashionable these days to engage in a bit of “Bordeaux Bashing”. “Bordeaux would be out of fashion. Grossly overpriced. The bubble has burst. Nobody wants overpriced Bordeaux. Burgundy, even Rhone and Italy is what people want. Sell sell sell”.
December was a tough month for the fine wine trade. Signs were starting to point in the right direction and most economists and financial analysts became more optimistic on the Euro surviving.
In this latest piece we look at the emergence of new actors in fine wine markets, by way of wine funds and the increased prominence of fine wine auctions.
In a series of questions and answers Ella Lister, the Auctions and Secondary Market Correspondent for the World of Fine Wine Magazine (WFW) provides critical insight.
There’s always loads of noise and comments on blogs, websites and Twitter when Fine Wine prices are going up, often amounting to plugging one’s own business. As of the last month or 2 though, I have not seen many comments on the current state of affairs in the fine wine market, whilst there’s more need for that than ever. So we thought to have a stab at explaining the market and provide readers with some transparant, meaningful information.