The Market

offer of the day – Bouchard Père et Fils 2012…

By billn on June 04, 2014 #the market

Missing in action the last days – but plenty of typing in the background – honest 😉

I seem to have missed the prices of the 2011s, but you can compare the below with the same (actually a larger selection) from 2010

VINS BLANCS
Meursault Genevrières 2012 75cl 65.00 (Swiss Francs)
Meursault Les Perrières 2012 75cl 69.50
Corton Charlemagne 2012 75cl 119.00
Chevalier-Montrachet La Cabotte 2012 75cl 378.00
Montrachet 2012 75cl 469.00

VINS ROUGES
Beaune Grève Vigne de l’Enfant Jésus 2012 75cl 74.00
Beaune Grève Vigne de l’Enfant Jésus 2012 150cl 153.00
Vosne-Romanée Les Suchots 2012 75 cl 98.00
Le Corton 2012 75cl 88.00
Chambertin Clos de Bèze 2012 75cl 199.00

I bought baby Jesus in magnums – it’s Grand Cru standard in 2012!

welcome back: c marey & comte liger-belair…

By billn on February 10, 2014 #producer update#the market

c-marey-et-liger-belair

Louis-Michel Liger-Belair has been a busy boy.

Not only has he been re-designing the family Audi A3*, but he has been remodelling his affairs in Vosne-Romanée too.

The name of the business C.Marey was first recorded in Nuits St.Georges in 1720. In 1852, Guillaume-Félix Marey, together with the Comte Liger-Belair joined their business together to form the company, C.Marey et Comte Liger-Belair. On the death of Guillaume-Félix in 1869, the company passed solely into the hands of the Liger-Belairs. In the first half of the 1900s this company name was sold, eventually ending up in the hands of Maison Boisset of Nuits St.Georges.

Louis-Michel has come to an agreement with Boisset to recover this old name connected to his family in Vosne-Romanée, and will use this as the vehicle for selling multiple lots of wines he has been buying at the Hospices de Beaune.

*Nobody was seriously injured, but Louis-Michel’s wife, Constance, has a painful broken bone.

offer of the day – henri boillot 2012s…

By billn on February 10, 2014 #the market

In brackets, you will see the equivalent prices from the 2011 offer and then the 2010 offer:

VILLAGES BLANCS 2012
BOURGOGNE Chardonnay 75cl 22.00 (20.00 20.00) Swiss francs
MEURSAULT 75cl 44.00 (39.00 39.00)
PULIGNY-MONTRACHET 75cl 48.00 (42.00 42.00)

PREMIERS CRUS BLANCS 2012
MEURSAULT Les Genevrières 75cl 89.50 (79.00 68.00)
MEURSAULT Les Perrières 75cl 98.00 (79.00 69.00)
PULIGNY-MONTRACHET Clos de La Mouchère 75cl 89.50 (72.00 68.00)
PULIGNY-MONTRACHET Les Pucelles 75cl 98.00 (78.00 72.00)

GRANDS CRUS BLANCS 2012
CORTON CHARLEMAGNE 75cl 138.00 (99.50 98.00)
CRIOTS BÂTARD MONTRACHET 75cl 249.00 (168.00 159.00)
BIENVENUES BÂTARD MONTRACHET 75cl 319.00 (189.00 178.00)
BÂTARD MONTRACHET 75cl 399.00 (249.00 235.00)
MONTRACHET 75cl 599.00 (448.00 399.00)

VILLAGE & PREMIERS CRUS ROUGES 2012
VOLNAY 75cl 44.00 (39.00 39.00)
VOLNAY Les Caillerets 75cl 85.00 (69.00 66.00)
POMMARD Les Rugiens 75cl 89.00 (69.00 69.00)

GRANDS CRUS ROUGES 2012
CLOS DE VOUGEOT 75cl 139.00 (105.00 98.00)

A slightly reduced range on offer for 2012. Villages aside, that’s a very impressive run of pricing no…(?)

watching through the window…

By billn on January 21, 2014 #the market#travel#travel pics

WP_20140121_001

Of-course it can’t always be sunny, otherwise I wouldn’t be here! But like a good (adopted) Swiss, I choose not to venture out when I can’t see the ground under my skis – although I may go for a jog! Will change resort tomorrow, finally home on Sunday. Still, that means time to write a few words…

Have drunk some 2011 Au Pied de Mont Chauve Chassagnes, 2010 Gambal Dents de Chiens and 2009 Mischief & Mayhem Puligny Sous les Puits – all good 😉

Now, of-course, there’s time to read something too. I like Adam BS, but really and truly, there is a level of commoditisation already to be seen, for a small cadre of Burgundy growers, that is far from divergent from Bordeaux, it’s just that the main importers and producers hardly profit from it! ABS may be able to point to less than 15% price increases for nameplate domaines, but you or I won’t get an allocation of those, because we don’t have an annual spend of over GBP 20k with Corney & Barrow – these wines will (of-course!) be available in the grey-market though – for 50-100% more than last year 😉

Back soon…

burgundy 2012 – already past the peak of interest?

By billn on January 15, 2014 #the market

DSC02818
2012s tasted in Beaune last week…

Are we seeing a peaking of Burgundy consumer interest – despite the mini industry that has become the London En Primeur tasting ‘circuit’…(?)

I heard that there were to be 34 tastings in London this month – a new record – and certainly last week when I was in Burgundy, producers were busy, preparing their samples. Yet despite more and more producers donning a smart jacket or getting their hair done for a few days in the UK’s capital, it seems to me that the general level of ‘chatter’ surrounding this vintage is lower than at any time in the last 10 years.

Next year’s 2013s will be no better in terms of supply and price, the latter probably higher again, and will certainly, on average, be a lower quality vintage than 2012 – except maybe the whites, but that’s something to discuss in 8-12 months time. Pricing over the last couple of years seems to have had a dramatic effect on the market – Grand Cru tasting notes are fewer and farther to be seen, and I look at my own cellar and the wines 1993-2005 seem to be almost 50% Grand Cru – 06-12 could be as low as 10% but I’m pretty sure that I don’t spend less!

The UK, depending on which measure you use, has, for some time been the number 1, or number 2, export market for Burgundy wine – yet it seems that this ‘metric’ maybe becoming more and more limited in its value. Smaller merchants, and those who claim to be ‘in the know’ suggest that covetable wines delivered to the larger UK merchants are more often than not, being shipped to their Hong-Kong offices, so leaving fewer bottles for actual UK customers. Certainly allocations, from a select list of producers, were way down long-before their vineyard yields started to dwindle. Another answer could simply be that those customers who spent the most cash at their merchants, were rewarded with higher allocations – that’s what the (big) merchants will tell you – whatever the truth, the diffusion of the best wines into the UK market is significantly less egalitarian than 10 years ago.

Stratospheric pricing of the top Bordeaux cuvées has hardly put a dent in the number of words written about that region, yet those words are now more likely to appear in magazines like Paris-Match or Vogue than traditional publications – yet, fewer and fewer of the wines actually seem to be opened. Burgundy appears to be heading in the same direction. One positive that comes from this situation is that merchants (and critics!) are having to work much harder to find interesting new names with bottles to sell; they must showcase the Regional and Communal wines where once they would, lazily, talk only about ‘the location of the vines within the Clos de Vougeot‘. In most respects, this is a good thing for the consumer, except, and unfortunately, that the first Burgundy wine that leaves a Syrah- or Cabernet-drinker forever smitten, is very unlikely to be a Bourgogne Pinot Noir.

So how will Burgundy grow their next generation of connoisseurs?

[Edit:] Perhaps it’s telling that Victoria Moore’s description of the vintage is now clased as ‘Luxury‘…

offer of the day – louis jadot 2012…

By billn on December 22, 2013 #the market

DOMAINE LOUIS JADOT 2012 – Subscription

SAVIGNY-LES-BEAUNE La Dominode 2012 75cl 32.00 (Swiss francs)

BEAUNE Clos des Ursules Monopole 2012 75cl 59.00
BEAUNE Clos des Ursules Monopole 2012 150cl 123.00

CORTON Pougets 2012 75cl 79.50
CORTON Grèves 2012 75cl 85.00

VOSNE-ROMANEE Les Beaux-Monts 2012 75cl 89.50
VOSNE-ROMANEE Les Suchots 2012 75cl 98.00
VOSNE-ROMANEE Les Petits-Monts 2012 75cl 105.00
VOSNE-ROMANEE Les Malconsorts 2012 75cl 135.00

CHAMBOLLE-MUSIGNY 2012 75cl 45.00
CHAMBOLLE-MUSIGNY Les Fuées 2012 75cl 86.00
CHAMBOLLE-MUSIGNY Les Amoureuses 2012 75cl 335.00

GEVREY-CHAMBERTIN Cazetiers 2012 75cl 135.00
GEVREY-CHAMBERTIN Clos Saint-Jacques 2012 75cl 135.00

CLOS DE VOUGEOT 2012 75cl 119.50
ECHEZEAUX 2012 75cl 158.00
CLOS SAINT DENIS 2012 75cl 235.00
CLOS DE LA ROCHE 2012 75cl 168.00
MAZIS-CHAMBERTIN 2012 75cl 168.00
CHAMBERTIN Clos de Bèze 2012 75cl 289.00
CHAMBERTIN 2012 75cl 279.00
BONNES-MARES 2012 75cl 298.00
Musigny 2012 75cl 685.00

Some of these prices are quite comparable to the 2009 offer – indeed the Savigny is cheaper! – others, such as Amoureuses amd Musigny (only if you buy plenty of other wines…), are more a case of ‘think of a number, then double it!‘ Still, versus lots of scare stories, these are not the order of magnitude greater suggested…

offer of the day – Leflaive 2012…

By billn on December 09, 2013 #the market

DOMAINE LEFLAIVE 2012 – Puligny-Montrachet (En Primeur)
Just for reflection, you will see the same offer prices of their (very, very good!) 2011s in brackets…

Bourgogne 2012 75cl 35.00 Swiss Francs (34.00)
Puligny-Montrachet 2012 75cl 65.00 (59.00)

PREMIERS CRUS
Puligny-Montrachet Les Clavoillons 2012 75cl 85.00 (79.50)
Meursault Sous Le Dos d’Âne 2012 75cl 96.00 (89.50)
Puligny-Montrachet Les Folatières 2012 75cl 139.00 (129.00)
Puligny-Montrachet Les Combettes 2012 75cl 149.00 (138.00)
Puligny-Montrachet Les Pucelles 2012 75cl 175.00 (158.00)
Puligny-Montrachet Les Pucelles 2012 150cl 355.00 (321.00)

GRANDS CRUS
Bienvenues Batard Montrachet 2012 75cl 289.00 (259.00)
Batard Montrachet 2012 75cl 310.00 (279.00)
Chevalier-Montrachet 2012 75cl 395.00 (348.00)

Well, the increases start modestly!

If money was no option, I’d buy Pucelles in mags every year – I’ve never yet met, or even heard of a p.oxed magnum, from anyone – even in ‘off vintages’ at Leflaive this wine excels.

It’s hard to draw conclusions on Leflaive pricing as it goes up and down like a fiddler’s elbow, but these 2012 prices are only very slighly more than was asked for their 2007s, and note that production in 2012 was about 50% of a usual year; I’m feeling that it might be churlish to complain (excessively!)…

Burgundy Report

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