Bordeaux EP 2023

Interesting, that despite the gossip, they have chosen not to price below recent offerings. Admittedly it's not an expensive wine so they won't have the room for reductions that some could have.
 
I don't think it's reasonable to expect 30% off the smaller properties. They just don't have the scale to do that.

Batailley out on Monday I expect £165 per 6 IB (last year £185) - which would be about 13% in euro terms and 12% in GBP terms
I would see Batailley as a smaller property. Even so, I would be amazed to see any bordeaux property reduce prices by 30%. As I was taught in business far too many years to remember it is far easier to drop prices than raise them!

It astonishes me how this forum moans far more about claret prices than burgundy prices. Get with the reality chaps we're not going to make money on the backs of other people's endeavours quickly like we did 16 or more years ago!
 
I would see Batailley as a smaller property. Even so, I would be amazed to see any bordeaux property reduce prices by 30%. As I was taught in business far too many years to remember it is far easier to drop prices than raise them!

It astonishes me how this forum moans far more about claret prices than burgundy prices. Get with the reality chaps we're not going to make money on the backs of other people's endeavours quickly like we did 16 or more years ago!

Bordeaux seems to be able to raise its prices quite easily Sean, think of 2008 to 09, 02 to 03, 04 to 05 etc.
 
I don't think it's reasonable to expect 30% off the smaller properties. They just don't have the scale to do that.

Batailley out on Monday I expect £165 per 6 IB (last year £185) - which would be about 13% in euro terms and 12% in GBP terms
That's still over £35 on the table. A pointless purchase when Costco will cellar one for you and sell it for less in a couple of years.
 
I don't think it's reasonable to expect 30% off the smaller properties. They just don't have the scale to do that.

Batailley out on Monday I expect £165 per 6 IB (last year £185) - which would be about 13% in euro terms and 12% in GBP terms
Just what I’ve seen in the mail outs. Obviously not every producer can do that because their prices are already at the lower end.

I’ve had the first merchant email come through for Angludet in that sort of Batailley price bracket. Didn’t follow it last year so no idea what it was last year.
 
A pointless purchase when Costco will cellar one for you and sell it for less in a couple of years.
Surely that only applies to vintages since 2016, Trevor? ;)

From an email glanced through this morning:
...we are a wine merchant, not a regulated financial institution and therefore urge you to seek advice from your accountant or an accredited financial advisor if you have any questions about buying wine en primeur.
Since the same article also refers to buying EP as 'investing' in 'wine futures', perhaps the title of this thread should be changed to Bordeaux spread betting 2023 and maybe even include some sort of warning?
The nature of these products carry a higher risk of loss than trading many traditional instruments. As such our products may not be suitable for everyone. You should not trade any margined product unless you fully understand all the risks involved with doing so and that you have sufficient resources available to you that in the event, however unlikely you may deem it to be, that there is an adverse movement in the price of that product that you can meet the financial obligations required by you with respect to margin payments and losses.
 
Surely that only applies to vintages since 2016, Trevor? ;)

From an email glanced through this morning:

Since the same article also refers to buying EP as 'investing' in 'wine futures', perhaps the title of this thread should be changed to Bordeaux spread betting 2023 and maybe even include some sort of warning?
It seems that wine is no longer a lovely accompaniment to a nice meal. :(
 
The release prices and the market clearing prices are two different things. In a nutshell this is why the 2021 and 2022 campaigns failed and the 2019 campaign could be seen as a success. The notion that some lesser properties cannot afford significant price reductions strikes me as somewhat fatuous. There is a serious glut at the moment and the EP system is in crisis as articulated by Colin Hay Bordeaux 2023: en primeur system 'at breaking point'. If price reductions for the 2023 vintage (vs. the 2022 release prices) are limited and grudging the campaign will fail and the crisis will deepen.
 
Leoville Las Cases have obviously made a big reduction in price, but then the ‘22 was so hideously overpriced. It will interesting to see which of the other big guns make such large percentage price cuts.
 
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