- Location
- Chiang Mai
I think Bordoverview does that too albeit in Euros. Also shows the % changes.
It sort of flew under the radar as a release but I thought La Lagune was quite a fair price.I've bought EP regularly for a while now, largely due to the fact that if you don't buy EP you often don't see the same wines hit the shelves over here once the campaign has finished. I did buy some 21s but ignored the 22s (due to price). Am tempted by the 23s I must admit. Might go for my perennial favourites:
Pontet Canet
La Lagune
St Pierre
Bourgneauf
GPL etc..
Yes. The 2019 was released at £300/12 and was hoping for the same. 2023 is 20% increase on the 2019 release.You can get the 2019 La Lagune for the same price as the 2023 is being offered.
'23 is £165/6 so 10% increase?Yes. The 2019 was released at £300/12 and was hoping for the same. 2023 is 20% increase on the 2019 release.
Tbh just not seeing anything compelling at all so far for the usual reasons… got plenty, getting old, can buy older vintages etc.
Ah.. Now I’ve spotted what L&W are doing.. I was looking at their bottle price. That’s a bit naughty… now I understand some of the previous comments about single bottles!'23 is £165/6 so 10% increase?
Your point is still valid though!
But maybe not in New Zealand?You can get the 2019 La Lagune for the same price as the 2023 is being offered.
And the excellent 2004, which shouldn't need storing for quite as long...Leoville Barton £336/6. Again you can pick up 2019 for around that price.
I agree… they don’t seem to see… but it’s not just the Chateau it’s the negociants as well who are telling the appetite of the market and price accordingly… let’s face it we are talking at big profits for the chateau itself above $10 a bottle… and who knows how the #voodoomagic really works with this. Maybe it isn’t the Chateau but the negociants being blind to matters. This chatter makes me think of how Coche-Dury works,It sounds nigh on perfect but the price does not work - unless you believe the 2023 will be a very significant step up in quality from the likes of the 2004 - which as we have seen from recent notes sets a benchmark for that vintage among the seconds.
It is sad that the Bordelais are so tone deaf with their pricing, even someone as savvy as Lilian Barton, borne of an arrogance and repeating the mistakes of the past. Price discovery was never a strong suit of the French economy.
Very true. In days of old - perhaps until the 2005 vintage there was a much stronger element of price discovery in the whole circus, which led to many successful campaigns. Somewhere around 2009 we moved to active price manipulation. The Bordelais started to think like Bunker Hunt and haven't ceased to do so since.It is sad that the Bordelais are so tone deaf with their pricing, even someone as savvy as Lilian Barton, borne of an arrogance and repeating the mistakes of the past. Price discovery was never a strong suit of the French economy.
2018 and 2019 are the same price on the secondary market though. You have to go back to 2016 for the price to exceed £200 per 6 bottles. £177 still doesn't look like an EP price to me.Langoa Barton at £177 for 6 didn't seem outrageous though.
Richard this tone deafness and the problem of lack of price discovery started much earlier than that in Bordeaux. I really noticed it in the mid to late 90s. After a run of desperate vintages, the 1995 vintage was hyped with prices moving up substantially, and then the 1996 vintage followed and those price increases were maintained and built on. I remember it well because Oddbins was in on the game, and doubled the price of a bottle of Mouton from £29.99 for the 1994 vintage to £59.99 for the 1995 vintage. The higher prices for the 1996 vintage in particular were justified because this was the best vintage since 1990.Very true. In days of old - perhaps until the 2005 vintage there was a much stronger element of price discovery in the whole circus, which led to many successful campaigns. Somewhere around 2009 we moved to active price manipulation. The Bordelais started to think like Bunker Hunt and haven't ceased to do so since.