The Market

offer of the day – the market for 2017s

By billn on March 25, 2019 #the market

This offer came around once again – 6 months later from the same source.

It’s interesting to see how the market, at least for this vintage/producer and in this geographical location, is working:

  • All the reds are still available.
  • The Bourgogne Blanc and all the Meursaults are still available.
  • Half of the Pulignys are gone – there remains just the villages, the Perrières and the Clos de la Mouchère
  • Corton-Charlemagne is still available
  • All the Hyphen-Montrachets, and the Montrachet, are gone…

Interesting that only the most expensive whites are gone – though maybe this reflects that only a tiny quantity of wines that were available at this level…(?)

offer of the day – comte georges de vogüé 2017

By billn on March 08, 2019 #the market

Here you go – a long time since I saw a local offer for these – given the pricing, perhaps no surprise! These 2017s offered by my usual Swiss merchant.

DOMAINE COMTE GEORGES DE VOGÜÉ 2017 – En Primeur

2017 Chambolle-Musigny 75cl 149.00 *Swiss francs
2017 Bonnes-Mares 75cl 489.00
2017 Bonnes-Mares 150cl 998.00
2017 Musigny Vieilles Vignes 75cl 699.00
2017 Musigny Vieilles Vignes 150cl 1,418.00

*8% Swiss purchase tax to be added, but these are delivered prices. I remember buying my first bottles here in Switzerland (the Musigny) for 230 chf – but those were the 1998 and 1999s – of which I still have a few bottles. Whilst I won’t be jumping at these, just for comparison the recent (2016) vintage from DRC was sold out with the Corton at 410 chf and the RSV at 1,300 chf (both with a further 20% UK purchase tax to add) – so from this domaine’s perspective, perhaps their wines are too cheap!

offer of the day – clos des lambrays 2017

By billn on March 06, 2019 #the market

In the wake of all the winemaker changes, it’s almost possible to forget that there is also some wine that they wish to sell! So here you go – the 2017 for you from the usual Swiss merchant. Only the grand cru is offered, so no 1er cru and no whites. Like in 2016, almost full yields here in 2017.

In the brackets, you can see the price comparison with the last three vintages, in the format 2017 (2016, 2015, 2014). – – means ‘not offered.’

DOMAINE DES LAMBRAYS 2017 – En Primeur

GRAND CRU
2017 Clos des Lambrays 75cl 238.00 (225.00, 199.00, 159.00) *Swiss francs
2017 Clos des Lambrays 150cl 481.00 (455.00, 403.00, – -)
2017 Clos des Lambrays 300cl 1,012.00 (960.00, 856.00, – -)

*8% Swiss purchase tax to be added, but these are delivered prices. Slowly creeping up, but only slowly…

tart > devauges < lambrays

By billn on February 27, 2019 #producer update#the market

Well, that didn’t take long, did it(?)

I alluded to it yesterday, and the same evening, LVMH (via Reuters) and La Revue du Vin de France, chose to make it official within 10 minutes of each-other:

Jacques Devauges has left the Clos de Tart, to take a short walk through the village, to take over from Boris Champy as the new head at Domaine des Lambrays – paint me shocked!

all change today in morey st.denis…

By billn on February 26, 2019 #the market

Important, grand cru, changes are underway today in Morey St.Denis.

It has been known, for a little while, that Jacques Devauges will be leaving Clos de Tart – after (in my opinion) too short a tenure. I believe that Jacques liberated the wine of Clos de Tart – so oft a wine that was constrained by its oak. I wholeheartedly believe that it’s one of Burgundy’s great wines but that the oak really meant that performance was highly variable – you shouldn’t drink it for at least 20 years has been my experience – the 96-98 are great now but not the 99 and younger – at least not consistently.

Jacques officially leaves Clos de Tart today, February 26th. His successor, Alessandro Noli, is well-known as the previous winemaker at Château Grillet – also part of the Latour, Eugénie, Clos de Tart group. The Clos de Tart was a family operation when Jacques joined – but that changed relatively quickly – Jacques, however, with a nice touch, describes his successor Alessandro as “A great man!

Jacques’ next move is, officially, unknown, but there is speculation that he already has a new, grand cru, berth in Morey St.Denis – speculation that I first found to be outlandish – but it seems that there could be more than a kernel of truth. I won’t commit the speculation to paper – the parties at both locations are retaining their discretion – but the rumours seem to be true. So watch this space…

the auction market according to…

By billn on February 11, 2019 #the market

Well, according to Sotheby’s:

Here are our highlights from 2018, a record breaking year:

– Annual wine and spirits sales exceed $100 million for first time

– Sotheby’s has achieved over $1.1 billion in wine auction sales worldwide since 1995

– Auction sales surged over 50%

– #1 worldwide in live Auction sales, and #1 overall in Asia

– World’s most expensive bottle of wine sold at $558,000

– Highest price for any spirit in the Americas at $843,200

– Burgundy represented 42% of sales

– Asian buyers represented 63% of sales

– #1 Wine producer is Domaine de la Romanée-Conti at $24 million / 21% of sales

– Retail has highest level of sales ever, in both Asia and New York

– Highest value single retail transaction at US$1.5 Million

It’s probably good that I’m enjoying some Beaujolais this week, if DRC is now 24 million a bottle (give it time!)….

offer of the day – william fevre 2017

By billn on February 07, 2019 #the market

Hot from my inbox this morning from my usual Swiss importer source. The prices of the 2016s and 2015s are in brackets for you to compare. My full report on the 2017s will be online in 10 days, but for any subscriber desperate for info on these, feel free to send me a note:

DOMAINE WILLIAM FEVRE CHABLIS 2017
CHABLIS Village 75cl 22.00 (22.00, 19.00) Swiss Francs*
PREMIERS CRUS
CHABLIS Montée de Tonnerre 75cl 48.00 (45.00, 42.00)
CHABLIS Vaulorent 75cl 54.00 (—)
GRANDS CRUS
CHABLIS Preuses 75cl 78.00 (75.00, 65.00)
CHABLIS Bougros Côtes de Bouquerots 75cl 79.50 (79.00, 65.00)
CHABLIS Les Clos 75cl 89.00 (89.00, 75.00)

No surprise that there has been no relaxation of most prices – only the volumes of villages Chablis recovered, some, in 2017. For the others the frost was often worse than in 2016…
*The prices are ‘delivered’ but will attract another 8% Swiss purchase tax.

offer of the day – faiveley 2017…

By billn on February 03, 2019 #the market

Whilst I may have missed the 14s, here you can see the ‘progression’ of same merchant’s prices (in Switzerland) for the 12s, 13s, 15s, 16s and now the 2017s. The format here for the prices is simple: 2017 (2016, 2015, 2013, 2012) and — if not previously offered…

DOMAINE FAIVELEY 2017 – En Primeur

PREMIERS CRUS
Pommard Rugiens 2017 75cl 75.00 (86.00, —)
Gevrey-Chambertin Clos des Issarts 2017 75cl 69.00 (—)
Gevrey-Chambertin Les Cazetiers 2017 75cl 79.00 (84.00, 78.00, 72.50, 69.80) Swiss Francs*
Gevrey-Chambertin Les Cazetiers 2017 150cl 163.00 (173.00, 161.00, —, —)
Nuits-Saint-Georges Les Saint-Georges 2017 75cl 99.00 (115.00, 98.00, 98.00, 98.00)
Nuits-Saint-Georges Les Saint-Georges 2017 150cl — (235.00, —)
Chambolle-Musigny Les Fuées 2017 75cl 125.00 (135.00, 128.00, 119.00, 119.00)
Chambolle-Musigny la Combe d’Orveau 2017 75cl 119.00 (132.00, 124.00, 119.00, 119.00)
Chambolle-Musigny Les Amoureuses 2017 75cl 199.00 (249.00, 229.00, 228.00, 228.00)

GRAND CRUS
Corton Clos des Cortons 2017 75cl 149.00 (169.00, 149.00, 139.00, 139)
Corton Clos des Cortons 2017 150cl 303.00 (343.00, 303.00, 283.00, 283)
Corton Clos des Cortons 2017 300cl 656.00 (736.00, 656.00, —, —)
Echezeaux 2017 75cl — (165.00, 149.00, —, —)
Mazis-Chambertin 2017 75cl 178.00 (198.00, 179.00, 167.00, 169)
Mazis-Chambertin 2017 150cl 361.00 (401.00, 363.00, —, —)
Mazis-Chambertin 2017 300cl 776.00 (852.00, 776.00, —, —)
Grands Echezeaux 2017 75cl 188.00 (208.00, 198.00, 198.00, —)
Charmes-Chambertin 2017 75cl — (165.00, —)
Latricières-Chambertin 2017 75cl 165.00 (189.00, —)
Clos de Vougeot 2017 75cl — (159.00, —)
Chambertin Clos de Bèze 2017 75cl 249.00 (299.00, 278.00, 249.00, 235)
Chambertin Clos de Bèze 2017 150cl 503.00 (603.00, 561.00, 503.00, 475)
Chambertin Clos de Bèze 2017 300cl 1,056.00 (1,256.00, 1,172.00, —, —)
Chambertin Clos de Bèze Les Ouvrées Rodin 2017 75cl 698.00 (745.00, 659.00, 598.00, 598)

Bâtard-Montrachet 2017 75cl — (298.00, —)
Bienvenues Bâtard-Montrachet 2017 75cl — (269.00, —)
Corton Charlemagne 2017 75cl 189.00 (189.00, 169.00, 169.00, 159)

*There is 8% Tax to add in Switzerland, but then these are delivered prices

The first really significant price decreases that I have seen for 2017 – that said, the prices have only dropped to be in-line with 2015, though the quality is more that of 2014 – still, 2012-2015 were relatively stable prices chez Faiveley for this merchant. Only the Charlemagne seems to ‘justify’ the higher prices of yore…

changes at domaine de la romanée-conti

By billn on February 01, 2019 #the market

Received from the domaine this morning:

“Following the early death of her cousin, Mr Henry-Frédéric Roch, who had been the Domaine’s co-director representing the Leroy Family since 1992 besides Aubert de Villaine, Mrs Perrine Fenal was appointed by her family and nominated by the Domaine shareholders’ meeting of January 23rd 2019 to take this position.
Perrine has always felt deeply attached to the Domaine on both a professional and personal level. When she was a child, she often accompanied her grand-father, Henri Leroy, and then her mother, Lalou Bize-Leroy.
Between 1992 and 2004 she was the Domaine’s exclusive importer and distributor in the French-speaking part of Switzerland. In 2004 she was appointed to replace her aunt, Mrs Pauline Roch, at the supervisory board. Mrs Isabelle Roch, Pauline Roch’s daughter and Henry-Frédéric Roch’s sister, will replace her in this position.”

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