Critics and merchants are getting shipped en primeur samples of the 2019 vintage and we appear to have another high quality vintage on our hands. Apparently more traditional than the 2018, and prices will be down. Critics are praising the vintage and wines may be offered in June. Who is up for some more high quality Bordeaux, perhaps at significantly discounted prices?
Iām in for some as itās my sonās birth year, but likely zero en primeur, unless I decide on some 1.5L or 3L. Financial risks over the next couple years of a wine shop going out of business before my wine is delivered seems higher than I care to risk.
Not sure we will see any legitimate discounting, but we can hope for some sanity like 2008.
I will likely pass on anything offered en primeur; not sure why anyone would want their money tied up for two years, with little to offer in terms of upside, in this environment. The risk of wine businesses going belly up is much higher than normal, and prices would need to be discounted significantly for me to even consider taking that risk. More likely is that I will continue to backfill with well stored 1986, 1988, 1989, 1990, 1994, 1995, 1996, and 1998.
Iāve had some stellar experiences recently with well stored examples of ā94 from the northern medoc. Leoville Barton and Pontet Canet were both awesome, and canāt beat the price. A lot more expensive, but the Latour was incredible as well. I tend to enjoy wines that are more āclassicā or ātraditionalā in style, so for that reason I think both 94 and 95 appeal to me more than to most people.
So far, I have tasted close to 40 samples. But I should have more than 300 wines arriving Monday for this week and perhaps another 150 or so the following week! It is going to be a busy at home week hereā¦ For anyone following me on Instagram or Facebook, you have probably seen pictures.
With luck, I will have an in-depth article with all the tasting notes on my site by mid-June, or a few days earlier.
I believe I read that Jancis refused to participate. Did not trust barrel samples shipped under these condtions, both for indications of quality but also Covid-related issues.
A friend in Europe is now able to buy 2019 BDX futures from some chateaux. Will be interesting to see when the big players in the US launch and if there are large price differentials between US and europe, and between US retailers due to the tariff risksā¦
Iām not a visionary - for me it is more instinctive. I have to make a decision as other businesses depend upon what we do. I was unprepared and BAM, last night the Pontet Canet offers come flying in to my inbox, I think it was 58 Euro. And Iām wondering - why? I calle Bordeaux to our closest business contact and ask ā 58 Euro - why?"
To my surprise this major industry insider says, āsimple - 2018 was priced too high, and 2017 and 2016 all were too high.ā
I cannot make sense of that and have no idea what to expect from the other Chateaux.
Within 45 minutes 8 other negociants send offers on the Pontet Canet, so they are taking the approach of coming in early and grabbing sales.
I spoke to others, there is a sense of (dare I say it) desperation - the thanks I recād for ordering was quite a bit more than Iām accustomed to .
I was told that this is a vintage more attractive for the Cabernet. And that according to this Negociant M.D., MONTROSE is the wine of the vintage".
And that Mouton will be released the week of the 8th and Lafite the week after. And that everyone is going to squeeze in - in June, which is going to be a frantic pace of Chaos.
Prices will they be lower? Will the tariff be lifted in the mid June meeting?
What do I do about Ch. Latour?
I would ask for samples - however, my experience is tasting wine at this stage of their life is useless for me.
Iāll watch and listen- after all - Iām conducting myself based on the certainty the tariff will be lifted - one way or the other.
Yes, they did tell me it is a very good to excellent vintage - that is a wine professionals I trust. But Iām with the person who wrote - why pay now for a wine that Iāll receive in 2.5 years? Has to be a really good reason.
I emailed my contact at K&L to ask the same question, will see if he says the same thing.
Millesima is offering a handful of 2019ās on their website now, including Pontet Canet for $80 (looks like they already sold out though of both 375ml and 750ml)
William, I imagine you are in a tough spot. With the COVID-related shock to the economy and the potential for more to come there must be significant concern about the demand for luxury-level wines. Add to that the tariffs and there must be uncertainty about consumer demand and pricing from the chateaux all the way through to the retailers. Good luck!