The Market

an hospices sunday…

By billn on November 15, 2015 #the market

Sold!
Sold!
Of-course, there wasn’t just the half-marathon in Beaune this weekend!

The auction, despite sombre reflections dedicated to those who lost their lives in Paris, started with full-blast bidding – over-exuberance? – perhaps. Security was certainly in evidence; without the right pass, or the right name to come to the door to your aid, you were not going to get your foot across entrance – and that’s just the way it has to be. There is a certain type of person that will always cause my blood to boil, and whilst waiting to get through the press door, here was one of them; somebody without any credentials was really pissed that he was being ‘held-up’ at the door – he didn’t seem to give a shit that 130 people died 36 hours before. I don’t care how expensive his shoes were – he was acting like a tosser…

The opening lots were sold for about 40% higher than the (already high) catalogue estimates. I saw barrels of Clos de la Roche going for €110,000 – that’s €375 per bottle – and that’s just to cover the hammer price; add at least 25% to reach the final price per bottle. Still, it’s charity, and it’s a lot cheaper than a Leroy, and (just) maybe the 2015s will indeed be monuments, but for anyone who lives by selling these wines, €600+ will be tough call. Likewise, barrels of Beaune were costing an unheard-of €10,000 – the Savignys not far south of that either.

Then there was the ‘President’s Lot’ – a barrel of Corton-Renardes that sold with a hammer price of €480,000 – I suppose fittingly bought by a (mystery) French buyer, as a portion of the proceeds will go to 3 charities, including the families of the Paris attack. Last year the President’s barrel went for €220,000!

At 8:00pm, when the last lots of Fine de Bourgogne were knocked down for a tenth of the price of the wines, the sale was over. In total the turnover was €11.35 million and the average price per barrel up by 37%. It seems the market is no-longer connected to prices in the auction – or at least we must very-much hope so. By 9:00pm, the chairs had already been cleared from the auditorium and most of the stalls around Place Carnot had been dismantled. Here is the press release from Christies.

By tomorrow evening, Beaune will largely be closed for the rest of the year…
 

want to buy 2015 hospices?

By billn on November 11, 2015 #the market

DSC08396
Time is running out if you do (of-course!)

I have this in my inbox today, and it is, I suppose, an easy (read cheap!) entry into the world of Hospices de Beaune wine – though you won’t get to see your name on the label 😉 Albert Bichot have, for the best part of 15 years (to my personal knowledge) been making great wine, arguably as good as any négoce in Beaune.

If you really must have your own name on the label, but hanker for an Australian to look after the elevage for you, drop me a line, as I may have a useful name for you 😉 just click on my name at the bottom of any page, send me a note, and I’ll put you in contact.

It goes without saying, I’ve no financial involvement of any kind with either the linked info, or any further contacts that I might suggest for you!!!

Is there a future for this, or other forum(s)?

By billn on October 01, 2015 #site updates#the market#warning - opinion!

WARNING – for me, at least, a long-ish post. And because many people will not follow this discussion if it stays on the Burgundy Report forum, I’m also posting it in my Diary 😉

I guess, as background, some of my experience may be mirrored by others, but…

I stopped with the forum of erobertparker when the junta closed it down – it was mainly closed due to critique, and much of it both unrepeatable and unnecessary, despite the general undertow of brown-nosing – but it was the best ‘meeting place’ I’ve ever known on the web. I paid a small subscription to go back and delete as many of my previous posts as I could (my freely given content) but much had already been archived – one could say stolen…

I started this forum by popular – well at least a dozen people(!) – demand, people who needed a new place ‘to go’. It took some work to set up, and then much more work to weed out and eventually stop the spam. But it seems, to say the very least now, to be in a persistent vegetative state…

I had a dalliance with wineberserkers, but often the tenor of discussion was (is) unpleasant – never to me – but plenty of shilling and self-importance was carried over from erp. I only go there today if somebody specifically points me to a link, or a bunch of people come to Burgundy Report because of a discussion there.

What I have noticed is that a couple of Burgundy-related groups (two, only because the moderators of the first had a fall-out!) on Facebook now have thousands of members and whilst as always it’s a small core of posters, wines and even sometimes tasting-notes, abound. There’s definitely a core of ‘look at me with my Leroy’ posters, who have not that much to say, but I like that it’s a different demographic – many more from China/HK/Singapore et-cetera than the ‘traditional’ fora. Plus, Facebook seems to have an ever finer focus – first, Burgundy Geeks group, then come individual village groups like Vosne-Romanée – I expect it might take longer for somebody to set up a group devoted to Monthèlie!

So, is Facebook the forum for the next years? In the current circumstances, I don’t see much possibility of this particular forum surviving 2016.

But that’s up to you of-course 😉

laurent ponsot’s new ‘shop’ in beaune…

By billn on August 14, 2015 #the market

WP_20150814_20_27_40_Pro

I thought this might be of interest to anyone in Beaune/Burgundy/France – it’s (to my knowledge) Laurent Ponsot’s’ first official ‘outlet.’

Attached to the Hotel de Beaune and the Bistro de l’Hôtel is a wine-shop – largely unremarkable in its first 18 months or-so – save for its artwork! They have now upped their game. A range of 1er and GC wines are now available from Laurent Ponsot – and he sets the prices, not the shop. They are not cheap, but in the context of older wines, ex-cellars, there’s no obvious gouging here, and you can even buy his Clos St.Denis TVV on its own – there are cases of different vintages! I saw 1ers from 1997 and 1998 that were about €70. Grand Crus from a range of vintages were €250-350(+) plus some in magnum format too.

This wine shop is also now the only place in Beaune where you can buy the wines from Olivier Bernstein – another recent ‘acquisition’ – they are très expensive, but having recently visited Olivier (May Report), I can almost see the value in Bernstein’s Chambolle 1er 2012 for €120…

The wines of Charles van Canneyt are available too – yet another new offering, and one that’s definitely on my list of producers to visit.

So an impressive selection – some are ridiculously priced like those below (one tenth would still be too much outside of a restaurant), but there are plenty of 1990/1993 wines from the likes of de Montille and d’Angerville that seem relative bargains, for touristy Beaune, at ~€300…

interesting: mugnier and musigny…

By billn on August 12, 2015 #the market

Now isn’t this interesting.
mugnier-musigny
  Pic stolen from a Facebook post…

I have to say that I never really thought of Freddy Mugnier and Château Latour as bed-fellows, though I do understand the ‘stance’ and knowing FM, I’m sure it has nothing to do with the money. But my question is, ‘what does several years mean?’ Even through a ‘cell phone’ baby Musigny is indisputably more fabulous than 99.9% of all other similar age burgundies. Clearly it is a very different experience to drinking a wine at 20-25(+) years-old, but relevant and something that it would be a shame to miss – all in my opinion of-course.

I actually believe that most of the ‘wasted’ bottles are those drunk between 3 and 10 years-old, depending on the vintage, when they are adolescent, angular or tight. So I really hope that Frederic doesn’t mean seven when he writes several.

An additional ‘issue’ suggests itself; if the source of ‘new’ Musigny dries up for ‘several years’ won’t people be pushed to drink even more adolescent wine?

one (special) day in the climats…

By billn on July 10, 2015 #the market#warning - opinion!

DSC07191

Yesterday was a celebration of the successful entry of ‘Burgundy’ into the list of UNESCO world heritage sites. If you have seen some/most of the coverage since this was announced on Saturday, you will have mainly noted that Champagne, also a new ‘inscription’ has taken the headlines, and that only the last paragraph mentions Burgundy.

Truth be told, it’s really a sub-set of Burgundy, one that we Anglo-Saxon’s refer to as the Côte d’Or, but the locals will quietly correct you and say that the inscription is actually for the Côte de Beaune and Côte de Nuits – and in this instance, the definition used was Chenove to Maranges – inclusive. And the ‘grounds’ for inscription?

  • To bear a unique or at least exceptional testimony to a cultural tradition or to a civilization which is living or which has disappeared.
  • To be an outstanding example of a traditional human settlement, land-use, or sea-use which is representative of a culture (or cultures), or human interaction with the environment especially when it has become vulnerable under the impact of irreversible change.

Beginning in 2007, it’s been a long road to achieve this local enhancement of ‘status’ – if it was ever required – and make no mistake it has been both resource intensive and requiring strong leadership. Clearly Aubert de Villaine was the symbol of the bid concept, but not merely a symbol, he was a driver and tireless promoter; his goal now achieved, don’t be surprised if Guillaume d’Angerville takes over what will inevitably now become a more symbolic rôle. One major positive of the successful UNESCO bid will be the greater attention to the fabric of the vineyards themselves – many have ramshackle walls and boundaries, sometimes shored-up with ugly daubs of concrete – I think (and hope) that maintenance will now be more ‘considered’ – after-all, ignoring weather traumas, the inflow of cash into the cellars of Burgundy has never been higher…

I had a special day of visits yesterday, arranged by the BIVB, to the most emblematic corners of Burgundy (sorry, I mean the Côte de Beaune and Côte de Nuits!) – fundamental showcases of the cultural fabric of the region – and in much more bearable temperatures too; let’s say 28°C. We finished with a press conference and a garden picnic with a band and then fireworks in the grounds of the Château de Meursault – about 3,000 other people joined in the celebration too!

A day to remember!

smash and grabs in chablis…

By billn on June 09, 2015 #the market

DSC05988Image: Julien Brocard, 29th January 2015.

The domaine of Jean-Marc Brocard was, last weekend, targeted by thieves, and not for the first time in recent days. In a ram-raid smash and grab (the domaine and its shop is remote from its home village of Préhy, about 7-8 minutes drive from Chablis town) about 600 bottles were stolen, and of-course only the best cuvées were stolen from their retail shop. The damage caused by the ram-raid is nearly comparable to the cost of the wine – so feel free to raise an eyebrow if you see some cheap JM Brocard in the next days; apparently the bottles are all numbered…

The weekend’s second smash and grab was much more corporate in nature: Late on Friday, Maison Albert Bichot put out a press-release before switching off the lights for the weekend. The have acquired the 33 hectare domaine of Pascal Bouchard in Chablis, or maybe it’s the maison part(?) – the press release is a little opaque in that matter. On Thursday I’ll get the infos from the horse’s mouth – but clearly that makes an interesting second brand from Bichot in Chablis and a nice big new cuverie on the otskirts of the town too…

More info when I have it!

It’s complicated, but Bichot have bought the winery where they will vinify all their purchased grapes – an equivalent volume to that produced by their Domaine Long-Depaquit – but it will only be half full to start with. The 40 hectares owned by the Bouchard family (2 domaines of 33 and 7 hectares) remain with the family but will still be vinified by Bichot for the first couple of years. As the Bouchard brothers establish new production facilities, the vines will revert back to them over a handful of years…

Burgundy Report

Translate »

You are using an outdated browser. Please update your browser to view this website correctly: https://browsehappy.com/;