Amidst a lackluster phase, Bordeaux's En Primeur market received a much-needed jolt as retailers and operators anticipated a significant drop in prices for the 2023 vintage, some even speculating a staggering 30% reduction, as reported on WineNews.
The first "ex chateau" releases, swiftly unveiled following the conclusion of the "Semaine des Primeurs" from April 22 to 25 in Bordeaux, signal a resounding affirmation of this expectation.
Leading the charge was Chateau Batailley, setting the price of its 2023 vintage at 26 euros per bottle "ex negociant," marking an 11.9% decrease from 2022. Similarly, Chateau Léoville-Las-Cases, a prestigious name in Bordeaux, astounded the market with a 40% discount, pricing its offering at EUR 138 per bottle "ex négociant" and GBP 1,662 (EUR 1,946) for a case of 12 bottles for international trade. Chateau Clos du Marquis echoed this trend with a remarkable 36% reduction, offering its wine at EUR 60 per bottle "ex négociant" and 462 pounds per case for international trade.
The market buzz intensified with the arrival of reviews from world-renowned critics. Notable mentions from "The Wine Advocate" include Chateau Lafleur, Chateau La Conseillante, and Chateau Cheval Blanc, each awarded between 98 and 100 points. Other top performers, starting from 96 points, include Chateau Montrose, Chateau Pichon Longueville Comtesse de Lalande, and Chateau Lafite Rothschild, among others. Described as a "fascinating paradox," the 2023 vintage presents exciting opportunities, especially if prices continue their downward trajectory.
James Suckling's verdicts further fueled anticipation, with Chateau Canon, Le Pin, and Chateau Margaux securing top scores between 99 and 100 points. While the future trajectory remains uncertain, experts predict a widening gap between wineries with strong brand appeal and those reliant on "reflected light," emphasizing the evolving dynamics within the wine market.
As Bordeaux's En Primeur market navigates these shifts, one thing is clear: with enticing price drops and stellar reviews, anticipation for the 2023 vintage reaches new heights, promising a dynamic and captivating journey for wine enthusiasts worldwide.