This could be a very interesting week for release prices for some of the top wines from Bordeaux. There was an important wine show last week in Hong Kong (Vinexpo) and many of the Chateau owners would have been gauging the feedback and response to their wines. Also the top Chateau owners will have looked at which Chateaux have already released their prices and seen how quickly they have sold.
I have many UK customers who need large amounts of wine to fill their order books, but I am not wildly optimistic that I will get enough wine in order to fulfil the demand.
It could be a frustrating couple of weeks ahead!!
We also do not yet know the pricing for the 1st Growths. Will they release a small first 'tranche' at €300 per bottle? Then watch the secondary market add margings and re sell at double the price!
Lets see what happens.......
4 days ago