20% sounds a lot, but it only brings prices roughly back down to (depending on who) vintage 2004 levels, and let’s not forget that some increased their prices already in 2002, 2003 & 2004 – a good vintage followed by two ‘short’ vintages.
Many producers are ‘hurting’ and expect no respite until they launch their 2009s – who can blame them if EPs are ‘well-priced’ – many need the cash!
Neither the harsh filter of youth nor the frequently traumatic growing season betray the irreversible beauty of these 2007s. They possess grace, a rare quality in even great wines that combines a delicate but persistent richness with purity, elegance, concentration and length.
Source: Corney & Barrow
Of-course not all producers are suffering, some domaines get cash up-front from their local distributors, and need have little consideration for the general economic cycle – That will be Domaine de la Romanée-Conti then!
With yields of 26-32 hl/ha for their reds (38 for Le Montrachet) the yields are a little above average, and quite a bit higher than they achieved for the 2008 vintage.