The 2017 vintage of Chateau Palmer has gone on sale ex-negociant in the Bordeaux futures market at 192 euros ($234) a bottle , 20 percent below the 240-euro release price of the 2016 vintage, according to the London-based Liv-ex wine market.
Samples of Chateau Palmer '17 and Alter Ego '17. Photo: Guy Collins
That translates into a U.K. retail price of 2,350 pounds ($3,267) per 12-bottle case, down 18 percent in sterling terms from last year, Liv-ex said in an analysis posted online and tweeted. The 2017 vintage is being sold en primeur in barrel and won't be physically delivered for another two years.
The 2017 vintage of Chateau Palmer, a third-growth estate in the Margaux appellation, is composed of 54 percent Merlot, 42 percent Cabernet Sauvignon and 4 percent Petit Verdot, while its second wine Alter Ego has a very similar composition of 53 percent Merlot, 41 percent Cabernet Sauvignon and 6 percent Petit Verdot.
Yield on the estate, which was hit by frost that affected large swathes of Bordeaux in April last year, were 38 hectoliters per hectare, with the harvest being carried out between Sept. 20 and Sept. 29, according to data from the estate.
``We had 15 hectares out of 66 impacted by the frost,'' Palmer's managing director Thomas Duroux said during a tasting of the vintage at the estate this month. Damage was focused on the western part of the estate, farthest from the estuary, hitting some of the Alter Ego grapes.``The vineyards that weren't affected by the frost did well, so we're not that far from a normal crop at Palmer,'' he said.
Duroux said that while the frost had complicated the vintage, there was no disease in the vineyard, making it ``much easier than '16.'' In terms of how the grape varieties fared, he said ``it was a good year for Cabernet Sauvignon, but it wasn't bad for Merlot'' either.
Palmer is noted for its fine old Merlot vines, giving the wines a different complexion to the Cabernet-dominated blends of many of the Medoc estates.
Liv-ex pointed out that the 2012 vintage of Chateau Palmer is currently available at a 20 percent discount to today's release of the 2017 wines.