Showing posts from May, 2010

Bordeaux 2009 - the calm before the storm

An event like Vinexpo Hong Kong (25-27 May)... they should do that every year during the futures campaign: what a bliss, this whole week without 2009 releases... finally time for other things!

I have the feeling that - later - we will be talking about pre-Vinexpo releases (part 1 of the campaign), and post-Vinexpo releases (part 2). Like last year we talked about the 2008s released before, and the ones released after Parker's verdict.

What I (and many others) fear is that the prices will get out of hand. If the expensive wines increase with the same percentage as the more affordable ones [have done until now - i.e. at an average increase of 27% compared to 2008] I think we should be quite happy. But the more likely scenario is: the more expensive the wine, the bigger the relative price raise. As we saw happen in 2005:

- Ausone 2005 * 400% above 2004
- Margaux 2005 * 330% above 2004
- Latour 2005 * 285% above 2004
- Larcis-Ducasse 2005 * 295% above 2004
- Troplong-Mondot 2005 * 290% above…

Bordeaux 2009 campaign in full swing

The afternoon of 20 May brings the first quiet hours after an avalanche of Bordeaux 2009 releases this week. Before the weekend it was dripping releases - some a bit interesting, some not at all - since last weekend it rained releases. To be more precise: the campaign seriously took off on Tuesday, and the most active day was yesterday (19 May).

And wow, price has really gone up. It's what we expected, but not hoped. In the end, more and more classics will get out of reach for most wine lovers. Furthermore, previous steep price raises did not quite precede good times. Pride goes before a fall... we have seen this happen in 1973 and in 1997.

But let's assume history will not repeat itself. For sure the owner of Raymond Lafon (Sauternes) is not going to be responsible for any trouble. Yesterday the Mesliers were the first and only to release their 2009 at a lower price than the year before (-12,3%). And that with very good notes, especially Jancis Robinson was ecstatic about the w…

Why not import wine?

Dwayne PERREAULT - “Why don’t you import wine yourself?” I’ve been asked this question a number of times, and I got to wondering why. My answer is sincere and always the same: because I don’t have to. Yet if I leave it at that, the person gets a puzzled look on their face and I realize I haven’t satisfied their curiosity.

You see, in order for someone to ask that question, it must be generally regarded that there is nothing finer than being a wine importer. It’s as if that is what every person who works in the wine industry aspires to do. It’s true the Dutch have a long history of being traders and merchants, particularly in wine. A quick internet search will show you that this has not changed much in the past 400 years. Only God and the Chamber of Commerce know how many wine importers there are in the Netherlands, but Holland’s Master of Wine Frank Smulders once told me there are “far too many.” There are importers specializing in virtually every wine producing region in the world, wh…