The Market

offer of the day – jadot 2007…

By billn on February 24, 2009 #the market

DOMAINE LOUIS JADOT 2007
VINS BLANCS
CORTON CHARLEMAGNE 75cl 124.00 Swiss francs
CHEVALIER-MONTRACHET Les Demoiselles 75cl 329.00
MONTRACHET 75cl 399.50

VINS ROUGES
BEAUNE Les Theurons 75cl 38.00
VOSNE-ROMANEE Les Beaux-Monts 75cl 85.00
VOSNE-ROMANEE Les Suchots 75cl 89.00
CHAMBOLLE-MUSIGNY Les Baudes 75cl 79.50
CHAMBOLLE-MUSIGNY Les Amoureuses 75cl 199.50
GEVREY-CHAMBERTIN Clos Saint-Jacques 75cl 109.00
CLOS DE VOUGEOT 75cl 119.50
ECHEZEAUX 75cl 139.00
CHAMBERTIN Clos de Bèze 75cl 246.00

Frankly an amazing price for the Amoureuses relative to the Clos St.Jacques. Overall, I would say these prices are disconnected to the general market and will be very difficult to sell – the Charlemagne is about 12% higher than Bonneau du Martray and many cuvées are significantly more expensive – 40% or more – than Faiveley’s 07’s. I’d be tempted by a Beaune and perhaps a CSJ but that’s as much enthusiasm as I can muster…

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offer of the day – bonneau du martray 2007…

By billn on February 19, 2009 #the market

CORTON CHARLEMAGNE BONNEAU DU MARTRAY

CORTON CHARLEMAGNE 2001 75cl 105.00 Swiss francs

CORTON CHARLEMAGNE 2006 75cl 119.00
CORTON CHARLEMAGNE 2006 150cl 243.00

CORTON CHARLEMAGNE 2007 37,5cl 56.50
CORTON CHARLEMAGNE 2007 75cl 109.00
CORTON CHARLEMAGNE 2007 150cl 223.00

I’m always looking for value – it comes from being a Yorkshireman – perhaps particularly so in the current economic climate; so whilst these wines are definitely not in the cheap category, they are often one of the top 10 wines of the appellation and are available in quantity. Even 5 years ago these wines were selling for over 100 francs a bottle compared to the current ‘wish’ of nearer 150 francs for a Henri Boillot. Whilst I haven’t tasted the 2007, from a pure price/expectation perspective, I see value here.

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offer of the day – faiveley 2007…

By billn on February 08, 2009 #the market

DOMAINE FAIVELEY 2007 – Nuits-Saint-Georges

Côte de Beaune
POMMARD Les Rugiens 75cl 69.00 Swiss francs
CORTON Clos des Cortons 75cl 95.00

Côte de Nuits
GEVREY-CHAMBERTIN Les Cazetiers 75cl 59.00
NUITS-SAINT-GEORGES Les Saint-Georges 75cl 75.00
CHAMBOLLE-MUSIGNY Combe d’Orveau 75cl 89.00
CHAMBOLLE-MUSIGNY Les Fuées 75cl 98.00
CLOS DE VOUGEOT 75cl 99.00
ECHEZEAUX 75cl 99.00
LATRICIERES-CHAMBERTIN 75cl 109.00
MAZIS-CHAMBERTIN 75cl 119.00
CHAMBERTIN Clos de Bèze 75cl 169.00

Vin blanc Côte de Beaune
CORTON CHARLEMAGNE 75cl 159.00

I’m close to seeing value in the Cazetiers and Les St.Georges, the others are an easy pass for me, their pricing being at least 30% higher than with whom I normally place my orders. I think the market is soft enough that the majority of these will be easily obtainable in another year or two, the interesting thing will be whether they are selling at a discount or not.

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tasmanian champers and hunter valley white bordeaux

By billn on January 22, 2009 #other sites#the market

It’s a purely Australian view, but this article did more than enough to make me smile:

When I asked him why he’d changed the name of his Richmond Grove blend of chardonnay and semillon from Richmond Grove Pinot Riesling to Richmond Grove Semillon Chardonnay, he clarified the issue thus: “Pinot riesling doesn’t mean very much at all. Chardonnay’s not pinot chardonnay and I don’t think riesling in the context of pinot riesling means very much. I mean riesling is semillon and pinot is chardonnay, and we have more semillon in the wine than chardonnay, so it should be semillon chardonnay.”

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offer of the day…

By billn on January 12, 2009 #the market

DOMAINE THIBAULT LIGER-BELAIR 2007

GEVREY-CHAMBERTIN Les Croix des Champs 75cl 45.00 Swiss Francs
NUITS-SAINT-GEORGES La Charmotte 75cl 47.50
VOSNE-ROMANEE Aux Réas 75cl 66.00
NUITS-SAINT-GEORGES Les Saint-Georges 75cl 85.00
CLOS DE VOUGEOT 75cl 109.00
RICHEBOURG 75cl 259.00

Observations? Well the villages wines are averagely priced except the Vosne, which, like the 1er cru Les St.Georges, is too expensive – though Thibault (and others) have applied to make this vineyard a grand cru; that said, versus may other producers, the grand crus are ‘better’ priced. It’s the first time in a while I’ve a seen a Richebourg below 300 SFr, and (for example) Mugneret-Gibourg’s Clos de Vougeot is about 25% more expensive – or at least the 2006 is! I have not rushed for my credit card though.

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wine index ‘edges down’

By billn on January 08, 2009 #other sites#the market

livex

Who says wine is a safe haven in a downturn? – I suppose 15% is roughly the same drop as average house prices in the UK over the same period.
Source: Liv-ex

A related (I suppose) story which I failed to pick up before Christmas is the closure of Christie’s South Kensington wine sales department – after 30 years no less – clearly no razzamataz with that announcement, indeed, I expect Christies were rather hoping that no-one would notice.

Also related (I suppose) is the news that ‘Majestic’ have not sold as much champagne as usual…

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burgundy: a sales slump but still a ‘power’ boost

By billn on December 10, 2008 #other sites#the market

Burgundy wine sales slump due to UK squeeze…
Burgundy wine has become the latest casualty of the financial crisis, with producers bemoaning a slump in sales to the UK.

Telegraph.co.uk

Rather underlining that point and market move is the 25% discounting of 2006 Burgundies announced by one well-known importer into the US. Some might try to spin the message that it is due to the renewed strength of the dollar, but the strengthening is only 8% in the last calendar year (0.7 to 0.76 €/$) same as when they will have been negotiating 2006 prices, and exactly where it was 2 years ago. The discount is because the wines are not selling…

And from today’s Liv-ex report on fine wine:

Around 20%, sometimes more, has been knocked off the peak prices of Bordeaux’s leading labels – a result of both their high liquidity (they are the easiest wines to sell) and also, as reported in previous surveys, the fact their prices have increased the most in recent years

DRC, Krug and Grange overtake some of the cream of Bordeaux in the Fine Wine Top 100 Power List. Interesting reading…

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vincent girardin 2005 santenay les charmes + various

By billn on December 08, 2008 #degustation#other sites#site updates#the market

2005 Vincent Girardin, Santenay Les Charmestry to find this wine...
Medium-plus ruby-red colour. The nose started blocky with a little dark oak and roasted dark fruit – a little uncouth – but five minutes in the glass and it is transformed with very pretty flashes of red and black fruits. In the mouth it starts in a similar fashion; muddled dark fruits and oak but quite silky. This improves no end, though never becoming as captivating as the nose. Smooth dark fruit and an ever-present but not unfriendly dark oak flavour as undertow. Smooth and easy drinking once it’s open.
Rebuy – Maybe

  • Notes from over 100 bottled 2006’s now online.
  • New on Wine Terroirs – Bert visits Domaine Leflaive
  • A fun trip around Burgundy
  • It might not look so good for investment managers or people fixated with the ‘value’ of their cellar – for me it only means ‘how much cheaper will next bottle be?’ 😉

Liv-ex

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2009 drc corton…

By billn on December 03, 2008 #the market

It sounds like an April fool, but from Bourgogne Aujourd’hui:

Le domaine de la Romanée-Conti à Corton !

La plus célèbre des références bourguignonnes, le domaine de la Romanée-Conti exploitera à partir du millésime 2009 trois grands crus de l’appellation corton. Les vignes sont situées sur les climats Bressandes (1,20 ha), Clos du Roi (0,57 hectares) et Renardes (0,51 ha) et s’ajoutent aux 27 hectares déjà exploités par le domaine (presqu’exclusivement des grands crus). Les premiers vins seront commercialisés en 2012 soit trois ans après la récolte comme il est d’usage pour les autres vins du domaine. L’exploitation de ces vignes a été confiée en fermage par le domaine Prince Florent de Merode (Ladoix-Serrigny) et fait suite à des décès successifs au sein de la famille propriétaire.

It just doesn’t sound right; Domaine de la Romanée-Conti – Côte de Beaune, but it will be a good test of many people’s assertion that none of Corton should be classed as grand cru…

What do we think – higher or lower price than a bottle of Échézeaux?

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