Bordeaux estates are starting to price their 2016 wines at a higher level than the 2015 vintage, according to data from the London-based Liv-ex online wine exchange. That reflects the assessment of producers and critics that the vintage is potentially the best for at least six years.
Alter Ego, the second wine of Chateau Palmer in Margaux, was priced at 49 euros ($53.50) a bottle for its 2016 vintage by Bordeaux merchants, up 11 percent from the 2015 price of 44 euros, according to Liv-ex. Chateau d'Armailhac in Pauillac was priced at 32.40 euros, up 13 percent.
Chateau Branaire Ducru in Saint Julien was priced at 39.60 euros, up 7 percent, while Chateau Ormes de Pez in Saint Estephe was priced at 21.60 euros, up 9 percent, according to Liv-ex. Chateau Clerc Milon and Chateau Cantemerle also rose.
Sweet white wines from the Sauternes 2016 vintage have generally seen their prices held steady, with Chateau Rieussec pricing at 42 euros and Chateau Suduiraut at 45.60, according to Liv-ex.
For my full article on Bloomberg.com, click here