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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.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!
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?As others have pointed out there is zero case for investment when 2023 is higher price than 2019.
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......most third to fifth growths get scores that were given to first growths in the eighties and nineties.
I'm 103 points on that......View attachment 38005
On 2023 from a merchant email this morning, but is that a good thing or bad?
(Certainly quite enough homemade memes for today, thank you...)
This reminds me ofThe 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?
View attachment 38002
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...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
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.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?
The Grand Village Rouge and Blanc from the Guinaudeau (Lafleur) stable are exceptional value at around £100/6In 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.
Hi Jasper,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:
View attachment 37987View attachment 37988View attachment 37989
I haven't read that book - what's the title? Scrub that I found it!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.
The data don't lie. However, there has at least been a 5% increase in common sense on pricing. Not enough of an increase to meet the market of course.2023 Cos d'Estournel at £720 – a reported 38% reduction makes it just 20% more expensive than the higher-scoring 2019...
To be fair, makes the 2019 look like a bargain2023 Cos d'Estournel at £720 – a reported 38% reduction makes it just 20% more expensive than the higher-scoring 2019...
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.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
Not sure I quite understand what prompted this but it doesn’t seem like a very kind thing to say.I've just realised that Tamlyn Currin is a po-faced version of Gilly Goulden. Gilly was great fun.
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.Not sure I quite understand what prompted this but it doesn’t seem like a very kind thing to say.