BORDEAUX 2017: EP ROUND-UP WEEK V

Chateau Lynch Bages was easily the biggest release from the left bank to come out this week and with a similar strategy to Chateau Palmer, the wine was released 20% below their 2016 price. Lynch Bages always remains a popular choice and the response was positive (closely matching sales of the 2015 Lynch Bages on release). However demand was noticeably lower than last year.  This is not exactly an accurate barometer of the campaign overall when you consider Chateau Lynch Bages in 2016 was one of the most popular wines of the entire campaign garnering the highest scores in the history of the property.

With many of the top wines in terms of performance and reputation still to release, the campaign is still very much in its infancy. Sensible pricing remains key to the success of the campaign at the mid-range of the market but with many of the First Growths scoring very well in 2017, pricing and demand for these are unlikely to be reduced.

With a plethora of releases in the middle of this week, we have put together a small chart identifying some of the top releases from 2017 to have come out so far and a price comparison to the 2016s. From this chart it is clear that many of the big names have reduced their prices by around 15 – 20%. If this trend continues the more significant upcoming releases due in early June could put some real fire into the campaign. With VinExpo Hong Kong taking place next week we are expecting a very quiet end to May.

Chateau Colour 2017 Release (£)* 2016 Release  (£) Variation
Alter Ego de Palmer Red 294 280 5%
Beausejour Becot Red 250 312 -20%
Bellefont Belcier Red 204 174 17%
Branaire Ducru Red 205 233 -12%
Canon la Gaffeliere Red 327 387 -16%
Cantemerle Red 123 129 -5%
Cantenac Brown Red 215 238 -10%
Capbern Red 87 90 -3%
Chasse Spleen Red 129 129 0%
Clinet Red 345 432 -20%
Domaine de Chevalier Red 260 324 -20%
Enclos Tourmaline Red 620 594 4%
Evangile Red 1,050 1,050 0%
Gazin Red 350 360 -3%
Gloria Red 157 180 -13%
Grand Puy Ducasse Red 155 175 -11%
Kirwan Red 190 190 0%
Labegorce Red 107 122 -12%
Langoa Barton Red 195 218 -11%
Larrivet Haut Brion Red 145 153 -5%
Lascombes Red 300 340 -12%
le Gay Red 426 517 -18%
Lynch Bages Red 440 560 -21%
Malartic Lagraviere Red 199 246 -19%
Malescot St Exupery Red 215 252 -15%
Marquis d’Alesme Becker Red 162 160 1%
Nenin Red 294 299 -2%
Palmer Red 1,175 1,440 -18%
Pape Clement Red 379 395 -4%
Tour St Christophe Red 131 125 5%
Valandraud Red 600 775 -23%
Blanc de Lynch Bages White 178 190 -6%
Coutet Sweet 171 161 6%
Domaine de Chevalier Blanc White 410 426 -4%
Malartic Lagraviere Blanc White 252 245 3%
Pape Clement Blanc White 600 595 1%
Rieussec Sweet 247 240 3%
Suduiraut Sweet 285 258 10%
*Prices IB for 6x75cl
*Release prices not market prices for 2016