Bordeaux EP 2023

I'm often noticed how "low" the scores are in Burgundy relative to Bordeaux. Calibration issue or are the wines of Bordeaux that much better? I'm not trolling, honest!
 
I'm often noticed how "low" the scores are in Burgundy relative to Bordeaux. Calibration issue or are the wines of Bordeaux that much better? I'm not trolling, honest!
I know I’m not answering your question Ben, but most third to fifth growths get scores that were given to first growths in the eighties and nineties. There has been an improvement in many wines but there has also definitely been grade inflation and the Bordeaux market (i.e. what you can charge for your wine on release) is more driven by scores as well. As David M says the oversupply of critics doesn’t help ss high scores = airtime. If you score moderately you’re out of the game. If only we could turn the clock back and uninvent scoring.
 
...most third to fifth growths get scores that were given to first growths in the eighties and nineties.
Surely a manifestation of climate change at a regional level, Richard? Soon enough some enterprising MW graduand will garner wine's first Ig Nobel prize for pointing out how Bordeaux's overnight temperatures, stated ABVs, critic scores and release prices all follow the same inexorable upward curve...

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The reported 34% reduction in today's price for 2023 Ducru-Beaucaillou makes it a whole POUND a bottle cheaper than the current market for the prodigious 2019 – what greater incentive could the canny investor require?

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This reminds me of
Jilly Goolden somehow. Not a sweeping statement but wine critics have to earn a living and I’m sure there is some nefarious behaviour. As with most professions
 
This reminds me of Jilly Goolden somehow. Not a sweeping statement but wine critics have to earn a living and I’m sure there is some nefarious behaviour. As with most professions
Although I was referring more to the investment aspect of EP, I do feel that nowadays wine (and restaurant) critics should identify all hospitality or other encouragement they receive from producers, agencies or merchants. An outrageous suggestion – next people will demand that wines are tasted blind and without the threat of a nine-course dinner (washed down with every vintage back to 1827) at the château...

But if anyone did ever offer Jilly Goolden an inducement financial or otherwise for her ebullient prose, then I say jolly good for her.
 
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I suppose with the investment bubble having been burst by the massive increase in price between 2008 and 2009… I did say at the time we’d never see prices as low as 2008 ever again at the time, it really is a question of how much are you willing to pay to get the wine AND guarantee the provenance. As someone who grew up watching my parents look through thousands of antiques to sniff out the few “genuine” pieces, I’ve always leaned towards provenance over the lowest price. So the question now is really… are you willing to pay the price for that particular wine? If the answer is yes, then who is to tell you not to pay £1,300 for three bottles of Ausone IB?

In terms of score inflation… whilst there are lots more critics around there are must also be a semblance of understanding that different vintages can produce sublime wines and not following the Parkerisation that undoubtedly happened for a period. Ultimately though I don’t really look at any scores other than our own Neal for Bordeaux. It really does come down to (and this goes for any region) do I want to guarantee the provenance and is the price right for me? Everything else is just noise and chatter, and we won’t really know how these wines perform until they are really ready.
 
Probably not in the same league as EP veterans, but I keep buying Cissac which is £99/12 EP. 2019 Cissac is £200IB

Seems a decent buy. Just wondering what other views there are about lesser properties and vfm?
In terms of VFM, I would look at Phelan Segur (quality has increased significantly in the last 8 years or so IMO), La Lagune (of course) and Lagegorce which is an inexpensive Margaux that seems to be doing well.

Ch Tour St Bonnet is a very affordable Cru Bourgeois Medoc that I have always liked (quite traditional in style) but can be hard to find. Hope that helps.
 
In terms of things that are not expensive, and good value relative to historic prices, £1.95 can you buy Nicholas Faith’s authoritative account (a real book!) of what happened in Bordeaux in the 1970’s which puts modern grumbles into perspective.

Also note the drop of 1st growths between 2000 and 2002 (2/3rd’s fall) and the absurdity of 2009 EP (e.g., Cheval Blanc came out at 3 times the prevalent rate for the 1985 … this was a clear signal to buy 1985 and not buy any 2009 . It seems obvious in retrospect, but was a pretty clear signal in real time too.
 
In terms of VFM, I would look at Phelan Segur (quality has increased significantly in the last 8 years or so IMO), La Lagune (of course) and Lagegorce which is an inexpensive Margaux that seems to be doing well.

Ch Tour St Bonnet is a very affordable Cru Bourgeois Medoc that I have always liked (quite traditional in style) but can be hard to find. Hope that helps.
The Grand Village Rouge and Blanc from the Guinaudeau (Lafleur) stable are exceptional value at around £100/6
 
Ian's point that the Bordeaux EP pricing goes back further (and I think it has been an issue for decades, with a fine vintage selling too cheaply, prices then going up, and the Bordeaux trade taking much too long before accepting that there must be a correction) made me look up my Morris & Verdin EP offers 1995-1997. In the latter year we hardly offered any reds but sold endless mixed cases of Sauternes. The reports came out before most prices were offered, though I have tracked down a few

A few specific examples for cases of 12:

Poujeaux 122 went up to 133

Calon Segur 145 to 180 then back to 148 for 1997

Pontet Canet 148 to 184

GPL 165 to 290

La Fleur Petrus 295 then 275 (less good on the right bank in 1996 and Moueix came down across the board) then back to 295 for 1997. In contrast it ws the start of the explosion for l'Eglise Clinet: 285/12 in 1995 and 550 in 1996.

First Growths 590 to 895*

* Except Haut Brion which came out very early for 1996 at 625 and so lost around £2.5 million assuming 10,000 cases.

Images of my thoughts on pricing at the time for the three vintages:

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Hi Jasper,
At around about that time, you offered as an alternative, 1996 Clos de la Dioterie from Charles Joguet and I bought that instead. Good decision wine wise, but less good for stock appreciation, but I definitely made the right call!
 
In terms of things that are not expensive, and good value relative to historic prices, £1.95 can you buy Nicholas Faith’s authoritative account (a real book!) of what happened in Bordeaux in the 1970’s which puts modern grumbles into perspective.

Also note the drop of 1st growths between 2000 and 2002 (2/3rd’s fall) and the absurdity of 2009 EP (e.g., Cheval Blanc came out at 3 times the prevalent rate for the 1985 … this was a clear signal to buy 1985 and not buy any 2009 . It seems obvious in retrospect, but was a pretty clear signal in real time too.
I haven't read that book - what's the title? Scrub that I found it!
 
Very well put. Exactly the same applies to cars! You can buy a good Elan 26R replica for £100k, a Porsche sports racer of similar vintage might be $2m... does it drive any better? No, nothing drives better than the Elan. The difference with cars of course is that you don't consume them by using them! Although there is always transaction cost to consider and the market may move of course
However, you can enjoy driving the Elan (or Porsche) down twisty country roads on glorious sunny days for a few years then sell it (possibly even at a profit). Once you've enjoyed the £500 bottle of wine it has gone.
 
My last ever Bordeaux purchase EP was the 2002 vintage. Rising prices and preferring to spend my cash Burgundy, which was still affordable then, even some GCs from non-stellar producers, put the brakes on Bordeaux purchases. Getting older, as well as escalating prices reduced my enthusiasm. However, I have relented today and gone for a 6 pack of Chateau de Fieuzal as I love the wines of Pessac-Leognan. it is getting scores in the low to mid 90's and at £120/6 IB is cheaper than all the previous vintages I could see on council wine-searcher. Also, with a drinking window starting in 2025, it means I can enjoy it soon after it arrives in the UK and a few years before my 70th birthday. :)
 
Not sure I quite understand what prompted this but it doesn’t seem like a very kind thing to say.
Agreed. Plus since HRH allowed her to write and not just do data entry she has blossomed onto one of the two best writers on the site, Julia Harding being the other one. TC's profiles and tasting notes are fun and her book reviews peerless in the wine world. And Goolden was undervalued in her double act with Oz Clarke. He was cast as the expert and she as the fluff (very much of the time) but her knowledge and tasting abilities are excellent with great depth.
 
Fair enough, Colin and Charles. Just like wine preferences (I’m a claret man, not a burgundy man - which probably tells you something), it’s a matter of personal taste when it comes to literary style. TC has a wonderful way with words but, when applied to wine, I find her style pretentious (just as I did the lauded Andrew Jefford). As far as I’m concerned, there’s a reason why she’s been cited in Pseuds’ Corner. I’ll say no more on the subject as we’ll clearly not agree and, as I said, it comes down to personal taste.

My remarks were not intended as any kind of criticism of Gilly Goolden, whose contributions to the food programme I greatly enjoyed. Her “wheelbarrow-loads of ugli fruit” were right in my wheelhouse (to use a trendy saying I don’t quite comprehend but I think I get the gist).

No-one comes close to Hugh Johnson as a prose stylist.
 
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