Extract: Illustrative analysis of en primeur release prices
Amongst other findings, Part II of Wine Lister’s annual Bordeaux Study, ‘Reaching for the stars’, examines how en primeur pricing over recent vintages compares with quality levels and secondary market prices, to consider what success in Bordeaux’s 2022 campaign might look like.
Extracted from the report, the chart below provides an illustrative analysis of the 2022 en primeur release prices, based on the 110 wines1 covered in the study. As the bulk of releases are yet to enter the market, this is an entirely theoretical projection which, if applied on a case-by-case basis, could nevertheless be a useful benchmark.
An extract from Part II of Wine Lister’s 2023 Bordeaux Study, providing an illustrative analysis of the 2022 en primeur release prices
Wine Lister’s Quality score aggregates recently-published scores from our five Bordeaux partner critics – Antonio Galloni and Neal Martin for Vinous.com, Bettane+Desseauve, JancisRobinson.com, and Ella Lister for Le Figaro – plus a small weighting for their average drinking window. By comparing the Quality score of the 2022 vintage (the highest ever recorded – 927) with the average of the most similar vintages (2015, 2016, 2018, 2019 and 2020), we obtain a quality-price ratio (QPR) of 6.66.
By dividing the Quality score of the 2022 vintage by this same QPR, we obtain a theoretical future market price of €160 for the 2022 vintage. To this price, we apply a discount of between 10% and 25%, corresponding to the minimum saving that consumers would expect to make versus buying the physical product two years later. This gives us an average release price of between €120 and €144 per bottle. By subtracting the average importers’ margin, we arrive at an average ex-négociant release price of €103 to €123 per bottle, i.e. -5% to +26% compared to the ex-négociant release price of 2021.
Out of the 48 releases covered by Wine Lister at the time of publishing, the average release price of the 2022 vintage is €71.3, compared to €62.6 in 2021, representing an increase of 14%.
1Some wines have been excluded due to a lack of regular en primeur releases or unreasonable prices.
Head to Wine Lister’s analysis page here to purchase the full study in English and French, while Pro Subscribers can access their copy for free here.
As the year draws to a close, Wine Lister has published its 2022 Wine Leagues – the third of our annual reports celebrating the top-performing wines and producers within several categories over the past year. The Leagues reveal exciting developments in the world of fine wine, shining a light on consumer trends and estates on the rise, informed by an in-depth trade survey with key industry figures.
Please see some of our key findings below, or click here to download the full study.
The Place de Bordeaux’s 2022 September campaign has seen its third week of releases, with a number of key entries including the likes of Pym Rae 2018, Dalla Valle Maya 2019, and Château Palmer 2012.
The Armagh vineyard in autumn
Following a UK bank holiday on Monday to mark the funeral of Queen Elizabeth II, Tuesday 20th September morning saw several releases in quick succession, starting with Pym Rae 2018, which entered the market at a recommended retail price of £270 per bottle. Tasting at the CVBG Beyond Bordeaux London event earlier this month, Wine Lister’s Founder and CEO, Ella Lister found this vintage to be a real step-up from the Tesserons’ Californian outpost, awarding the 2018 96 points and noting “exceptional balance, the texture of taffeta, and an addictive softness”.
Another standout release, Telmo Rodríguez’s Yjar saw its second ever vintage – 2018 – released through the Place at £95 per bottle (in-bond). Tom Parker (tasting for jancisrobinson.com) awards a score of 17, while Ella scored 96 points, comparing its balance to that of “a ballet dancer, toned and delicate”, noting that it is “the perfect wine for today’s palate”. The 2018 vintage saw a production volume of just 6,000 bottles – a reduction of 1,000 bottles compared with the 2017.
The Armagh Shiraz 2018 was also released on Tuesday at £165 per bottle (in-bond), with Ella awarding 95 points and describing the latest offering from Jim Barry as “rich and opulent” – a vintage “worthy of the 50 years since the first Shiraz was planted at the domaine in 1968”.
Wednesday 21st September saw the release of Le Petit Cheval Blanc 2020, which entered the market at £100 per bottle (in-bond). It was shortly followed by Giovanni Rosso Barolo Ceretta 2018, released at £51 per bottle (in-bond). Walter Speller (for jancisrobinson.com) awards the latter a score of 17++, describing it as “simply gorgeous” and praising its “beautifully sculpted chewy tannins”.
Next up on Wednesday, Dalla Valle Maya 2019 was released at £464 per bottle (in-bond), marking the first vintage produced since the estate committed fully to biodynamic practices. Another first – Château Haut-Batailley introduced its 2016 vintage to the market at £36.67 per bottle (in-bond). A transitional year, the Cazes family acquired the estate shortly before the 2016 primeurs and oversaw blending, while vinification had been carried out by the previous owners (the Borie family) – provoking the decision to withhold its release. The 2016 bottle features a transitional label – neither the previous label under the Borie family, nor the new label under the Cazes family, debuted in 2017. Neal Martin (for Vinous) awards the 2016 94 points, calling it “an outstanding Haut-Batailley”.
Château Palmer released ex-château stock of its 2012 vintage on Thursday 22nd September, the third vintage to be released from the estate’s “Ten years on” series. Since 2010, approximately half of each year’s production has been reserved in the cellars, while the remaining half is sold en primeur. The 2012 vintage was released at £257 per bottle (in-bond), having achieved scores of 17 from Jancis Robinson (for jancisrobinson.com) and 94 from Antonio Galloni (for Vinous).
Also released this week were Cobos 2019 and Clos des Goisses 2013.
Likely to be released next week are Kracher Tba N°5 Grande Cuvee 2019c, Château d’Avize 2012, Morlet Cœur de Vallée 2019, Allegrini Fieramonte 2015, La Poja 2017, and Biserno 2017.
The Place de Bordeaux has welcomed dozens of new wines through its distribution system this year, with new releases expected from Champagnes Barons de Rothschild, Biserno, and Parusso, alongside old favourites such as Caiarossa, Catena Zapata, and Penfolds, among others. As the campaign kicks off, we take a closer look at the first week of entries.
Dawn at Seña vineyard. The Wine Lister team tasted Seña 2020 with the Viñedo Chadwick and Seña team via Zoom last month
Inaugurating this year’s campaign on Thursday 1st September was an offering from Seña, whose 2020 vintage was released at £85.83 per bottle (in-bond). Tasting with Wine Lister on Zoom, the Seña-Chadwick team explained that although 2020 was an unusually warm year in Chile, a wide diurnal range in the vineyards (thanks to its 230 – 460m altitude) made for a long ripening season, allowing the grapes to develop intensity of flavour whilst retaining freshness. The Wine Lister team describes the latest release as opulent, with a complex nose of black fruit, plum and spice; on the palate, its berry intensity is complemented by notes of cigar box and grilled meat.
Quintessa 2019 followed swiftly, and has so far been offered in the UK for £180 per bottle (in-bond). Antonio Galloni (Vinous) awards Quintessa 2019 94 points, calling it “one of the best wines I have tasted here in some time”. Another offering from Rutherford in the Napa Valley, Inglenook Rubicon 2019 was released on Friday 2nd September at £143 per bottle (in-bond).
Released on Monday 5th September, Opus One 2019 entered the market at £252 per bottle (in-bond), with the latest vintage so far receiving acclaim from critics including Antonio Galloni (Vinous), who awards 97 points and writes that “it has all the classicism that is such an Opus One signature” and praises its “sublime finish”. Opus One is one of the top 15 best fine wine brands in the world, according to Wine Lister’s Brand score (as part of our Pro scoring system, see more here) – with high quality in 2020 further cementing this reputation.
Tuesday 6th September saw the latest release from Masseto, whose 2019 vintage (released at £440 per bottle in-bond) was the first to be made entirely in the estate’s new dedicated state-of-the-art winery, as well as the first with 10% Cabernet Franc added to an historically 100% Merlot composition. These changes appear to have yielded positive results, with Vinous’ Antonio Galloni describing Masseto 2020 as “fabulous”, adding that it is “Silky, gracious, and super-refined”.
Vin de Constance 2019 was released on Tuesday 6th September
Following suit on Tuesday 6th September, Vin de Constance 2019 entered the market at £45 per 500ml bottle (in-bond). Achieving its highest Wine Lister score since the 2012 vintage (96), the 2019 is awarded 97 points from Vinous’ Neal Martin, who calls it a “superb Vin de Constance […] a step closer to what you might confusingly call a non-sweet dessert wine” – high praise indeed.
Wednesday 7th September saw the release of the 25th vintage of Almaviva – a warm and dry year, the 2020 harvest arrived almost three weeks earlier than usual. Almaviva 2020 entered the market at £120 per bottle (in-bond).
On Thursday 8th September, Château d’Yquem released the last remaining half bottles of the 2016 vintage ex-château at £165 per bottle (in-bond). The vintage achieved a Wine Lister score of 96, with Neal Martin (Vinous) tasting in February this year, awarding 95 points and noting it “has gained a bit more complexity in recent years”. Solaia 2019 was released on the same morning, with a likely UK onward selling price of £218 per bottle. Antonio Galloni (Vinous) sings its praises, giving 97 points and describing it as “the sort of wine I would like to spend a whole evening with”.
Viñedo Chadwick 2020 was also released on Thursday morning, so far being offered in the UK at around £232 per bottle (in-bond). This particular vintage is made from 100% Cabernet Sauvignon (Petit-Verdot is usually included in the blend). Tasting with the Seña-Chadwick team on Zoom, Wine Lister describes it as a complex and opulent offering, exhibiting great energy, freshness, and intensity.
Friday 9th September saw the release of L’Aventure Estate Cuvée 2020 at a recommended UK onward selling price of £83 per bottle (in-bond). Wine Lister CEO Ella Lister (tasting on behalf of Le Figaro Vin) awards the 2020 95 points, describing it as “Pure and upfront on the nose, with dark fruit, slate, and cinnamon”. It should be noted that the next release of l’Aventure Estate Cuvée will be in September 2024, as the property is skipping a year in order to age the 2021 longer.
Also released this week were Cloudburst Chardonnay 2020, Cloudburst Cabernet Sauvignon 2019, Beaucastel Hommage à Jacques Perrin 2020, Opus One Overture 2019, Massetino 2020, Rieussec 2020, and R de Rieussec 2021. Upcoming releases over the next week are likely to include Penfolds Bin 169 2019, Cheval des Andes 2019, Bibi Graetz Colore 2020 & Testamatta 2020, Latour 2010, Petrolo Galatrona 2020, Catena Zapata Nicolas 2019, and Beaulieu Vineyard Georges de Latour 2019.
Despite the challenges brought throughout the growing season of the 2021 vintage, Bordeaux’s dry whites shone in terms of quality. To guide those still considering their 2021 Bordeaux en primeur purchases, Wine Lister presents some of the best choices in Bordeaux whites from the vintage, at five different price points. (All prices are quoted in-bond per bottle when purchasing by the case).
Under £25 – Olivier Blanc
The 2021 vintage from Château Oliver’s white was described by Jancis Robinson as “Racy and lively” with a “good balance of interesting fruit and zest”. Ella Lister (for Le Figaro) gave Olivier 2021 a score of 92-93, praising its balance and describing it as an “ethereal and harmonious blend of Sauvignon and Sémillon”. Olivier 2021 can be purchased from Millésima for £22.70.
Under £40 – Malartic-Lagravière Blanc
Awarding 90-92 points, Antonio Galloni (Vinous) describes the latest vintage of Malartic-Lagravière as “Bright and sculpted”, with “plenty to offer”. Jancis Robinson deems it “Already attractive” and “Impressively persistent”. Malartic-Lagravière Blanc appears on Wine Lister’s list of value picks in Part II of our 2022 Bordeaux Study, indicating a strong quality-to-price ratio. Elsewhere in the study, Wine Lister found that Malartic-Lagravière is enjoying a robust short-term (six-month) price performance of just under 14% – placing it in the top 15 short-term price performances. Malartic-Lagravière 2021 can be bought from Justerini & Brooks for £39.42.
Under £75 – Domaine de Chevalier Blanc
The 2021 vintage from Domaine de Chevalier has received acclaim from the critics, with Neal Martin (Vinous) awarding its white 95-97 points and declaring it “one of the best Domaine de Chevalier whites that [he has] tasted in 20-plus years”. Jancis Robinson confers a score of 17+ and writes that it “should be a real long-distance runner”. Domaine de Chevalier Blanc 2021 can be bought from Farr Vintners for £72.17.
Under £110 – Cos d’Estournel Blanc
The only wine among the five selected here not to hail from Pessac-Léognan, Cos d’Estournel’s Blanc 2021 receives its joint-highest Wine Lister score in over 15 years. Indeed, Antonio awards it 93-95 points, above last year’s vintage (91-93), and writes that it is “one of the finest vintages I can remember tasting”. He praises its “sheer palate presence”, a sentiment Ella echoes as she describes Cos d’Estournel Blanc 2021 as “delectable, lingering in the mouth”. Cos d’Estournel Blanc 2021 can be purchased from Berry Bros. & Rudd for £105.
Under £650 – Haut-Brion Blanc
One of the most noteworthy releases of the 2021 Bordeaux en primeur campaign is the latest white from Haut-Brion. In such a challenging vintage, Haut-Brion Blanc 2021 seriously impresses as it sees the greatest increase in Quality from 2020 to 2021 – as explored in Part II of Wine Lister’s 2022 Bordeaux Study. The 2021 vintage also achieves the wine’s highest ever potential en primeur score from Vinous as Neal awards it 96-98 points. Haut-Brion Blanc 2021 can be purchased from Cru World Wine for £640.
Bordeaux en primeur 2021 had its share of surprises – and challenges – when it came to pricing. Wine Lister examines some of the best offerings from the 2021 vintage at five different price points, to inform those still considering their en primeur purchases this year. (All prices are quoted in-bond per bottle when purchasing by the case).
Under £15 – Mauvesin Barton
Owned by the Barton family – whose portfolio also includes Léoville Barton and Langoa Barton – the 2021 vintage from the Mauvesin Barton estate has been described as “well-balanced and surfeit with freshness” by Neal Martin (Vinous). To compensate for the extensive frosts of 2021, the vintage’s blend contains more Cabernet than usual. It is the first vintage to be made in Mauvesin Barton’s new winery, which is equipped with smaller vats for greater precision, and it shows. This offering from Moulis-en-Médoc can be purchased for £10.92 per bottle from Justerini & Brooks.
Under £50 – La Gaffelière
One of the star releases of the 2021 en primeur campaign, La Gaffelière is on a continuous upward trajectory. The 2021 vintage received the Saint-Émilion estate’s joint-highest ever Wine Lister score, and a score of 95-97 from Antonio Galloni (Vinous). This is a very strong showing from the estate, which features in Part II of Wine Lister’s 2022 Bordeaux Study as a quality outperformer – meaning that its 2021 vintage has outpaced its average quality. La Gaffelière 2021 can be purchased from Millésima for £48 per bottle.
Under £75 – Rauzan-Ségla
Nicolas Audebert, Managing Director at Rauzan-Ségla and Canon, told the Wine Lister team that 2021 was “the most stressful and exhausting vintage ever”. Strong praise from critics is a testament to the hard work carried out by the estate’s team – including the highest amount of intra-parcel zoning ever done in the vineyard, identifying the best lots. Antonio and Neal rated it 94-97 and 94-96 respectively, while James Lawther (for JancisRobinson.com) describes it as “Very well-judged and very Margaux”. Rauzan-Ségla 2021 can be bought from Farr Vintners for £60 per bottle.
Under £125 – Montrose
Montrose 2021 marks the first year of organic conversion at the estate. In such a challenging vintage, the Saint-Estèphe estate’s Technical Director, Vincent Decup, told Wine Lister, “We have never done so much [in the vineyard]”. It receives a score of 94-96 from Ella Lister (for Le Figaro Vin), who notes its “very long and increasingly delicate finish”. Montrose 2021 can be purchased from Berry Bros. & Rudd for £113.50 per bottle.
Under £400 – Cheval Blanc
Following last year’s en primeur success, Cheval Blanc is once again a standout release in 2021. The estate’s Technical Director, Pierre-Olivier Clouet, remarked to the Wine Lister team that “the 2021 vintage was like cooking at low temperature after six years of cooking on a high heat”, and “given the choice, every Cheval Blanc team member would choose a case of 2021 for their cellars over 2020”. Indeed, the 2021 vintage received even more resoundingly positive reviews from critics than last year. Antonio awards it his joint-top score in 2021 (96-98) and proclaims it “one of the wines of the vintage… Stunning”. The Saint-Émilion star is available from IG Wines for £395 per bottle.
Wine-Searcher is the world’s largest wine and spirits search engine, handling 250 million searches from around the world each year. This year, as part of Wine Lister’s annual Bordeaux study (Part II), we include data from Wine-Searcher exploring compound annual growth (CAGR) by Bordeaux appellation, average offers on Wine-Searcher by appellation, vintage, and geography, and average monthly searches by appellation and search location.
“There have been some subtle (and not-so-subtle) changes over the past year”, observes Wine-Searcher’s Editor, Don Kavanagh. “While Bordeaux still dominates both search and offer numbers, interest appears to have fallen slightly in relative terms.”
Bordeaux’s offer count on Wine-Searcher
Though Bordeaux is still the major player on the world stage, with the highest total share of search activity of all major wine regions, its growth in rate of search is showing signs of being outpaced.
Searches for all wines over the past 12 months increased from 188 million to 205 million, slightly faster than searches for Bordeaux wines (up by 3 million to 39 million) during the same period.
Similarly, Bordeaux is not benefitting from the overall growth in offers on Wine-Searcher, which have risen from 6.8 million to 6.9 million over the last 12 months. Indeed, Bordeaux offers have shrunk slightly, from 791,000 to 786,000. Not all Bordeaux appellations were equally affected (see graph below).
Average offer count per wine by appellation and merchant location, January – April 2022
During the first four months of 2022, there was a 6.7% contraction in offers from Europe (excluding the UK), with an even steeper reduction in offers from the UK and Asia, at 11.5% and 12.1% respectively, when compared with the same period in 2021. The USA’s number of monthly searches, as explored above, map neatly onto its increase in monthly offers per appellation (6.3% once again).
Search count by Bordeaux appellation and geographical location on Wine-Searcher
Search activity varied by geographical location in the period from January to April 2022, in comparison with the same period in 2021. While searches for Bordeaux appellations from the UK, Asia, and Europe (excluding the UK) decreased, the USA saw a 6.3% increase in search activity.
Average search count per wine by appellation and user location in 2022 (January – April)
Bordeaux’s price growth by appellation on Wine-Searcher
There are causes for optimism; growth with respect to global average prices (measured as a compound annual growth rate, or CAGR) in the period 2017-2022 has continued. The leader of the pack among Bordeaux appellations in this regard is Pomerol, reaching 6.1%. Even the lowest CAGR, exhibited by Saint-Emilion and Margaux, is 4.3%.
The year 2020-2021 remains an exception; compound annual growth rates jumped by 10% across all the examined appellations in that year.
Compound annual growth by appellation, 2017 – 2022
The strength of the region’s compound annual growth rate is perhaps linked to the sharp decline in overall offer activity beginning in 2019, as compared with the longer-term average. While overall offer activity began to decrease, the proportion of offers between each appellation remained relatively stable in the period 2014-2020.
To view the full Wine-Searcher insert in Wine Lister’s annual Bordeaux study, and uncover more of Wine Lister’s analysis of the Bordeaux’s standing in 2022 – including quality scores, short-term price performance, and auction activity, as well as the topics discussed above – download the full report here.
Following the conclusion of this year’s Bordeaux en primeur campaign, Wine Lister has published Part II of its annual in-depth Bordeaux Study. The study provides invaluable insights into search activity, Quality scores, short-term price performance, and auction volumes, as well as revealing the best-performing wines in 2021.
Please see some of our key findings below:
You can download the study digest here. The full report can be purchased in French and in English on our Analysis page, while Pro subscribers can access their free copy here. See our previous posts to catch up on some of the key releases from the 2021 en primeur campaign.
It increasingly looks as though the campaign will be more or less drawing to a close this week, with a further flurry of Bordeaux 2021s released en primeur at the end of last week and into Monday, including key entries from the likes of Beychevelle, Pichon Baron, Cos d’Estournel, and Mouton.
Released on Thursday 9th June at £58.90 per bottle, Beychevelle 2021 entered the market 16% below stocks of the 2020 (which has risen in price by around 15% since last year), and otherwise substantially below all other back vintages. With a consistent track record of post-release price performance and critic speculation of the 2021’s promising potential, this may well be one worth backing en primeur.
Trotte Vieille 2021 – an oft-forgotten Saint-Émilion Classé “B” to get behind – also released on Thursday at £53 per bottle (just below the current market price of 2020 and 6% above the now scarce 2019, and otherwise comfortably below recent back vintages of comparable quality). Following suit, Brane-Cantenac 2021 entered the market at £47 (6% below the 2020 vintage and below the prior five back vintages in the market).
Pichon Comtesse 2021 released on Thursday at £134 (just below last year’s release price and 30% below the current market value of the record-quality 2019). The vintage marks the estate’s first year of organic conversion, with Nicolas Glumineau informing the Wine Lister team that 2021 was ” the worst in France for 74 years in terms of climate”, but excellent for Cabernet. Volume is down 70% in 2021, with the vintage comprising 88% Cabernet Sauvignon and 10% Cabernet Franc – the highest proportion since the 2013 vintage (100% Cabernet Sauvignon). These drastically reduced volumes mean that anyone looking to add Pichon Comtesse 2021 to their cellar likely needs to buy it now.
Friday 10th June saw releases from the likes of Giscours, Pichon Baron, and Lafon-Rochet – the latter marking the last ever vintage tended by the estate’s third-generation owner, Basile Tesseron, and the first blended by its new Managing Director, Christophe Congé (of Lafite fame). Released at £25 per bottle, Lafon-Rochet 2021 enters the market below the price of all available back vintages.
Releases came in thick and fast on Monday 13th June, with first growth Mouton entering at £425 per bottle (11% and 15% below the current availability of the 2020 and 2019 vintages respectively). Its little sibling, Le Petit Mouton 2021 was released at £170 per bottle – it appears in eighth place amongst the wines that have seen the highest relative increase between ex-négociant release prices and current market prices across vintages 2016-2020 (see below – extract from Part I of Wine Lister’s 2022 Bordeaux Study).
Cos d’Estournel also entered the market on Monday at £143 per bottle (5% below current market availability of the 2020, and around 8% above the 2019), followed shortly by Cos d’Estournel Blanc at £105 per bottle. According to Wine Lister’s Quality score (892), the 2021 vintage is the best Cos d’Estournel Blanc ever produced, with Wine Lister CEO, Ella Lister calling it “delectable, lingering in the mouth”. Le Gay and La Violette owner, Henri Parent released his 2021s on Monday at £69.50 and £240 per bottle respectively. The latter achieves a higher Quality score in 2021 than in 2020 or 2018, while scarce availability of recent vintages on the UK market may also drive interest in the latest release.
Also released during this period: Chasse-Spleen, Réserve de la Comtesse, Léoville Poyferré, Ausone, Lascombes, Ferrière, Giscours, Pagodes de Cos, Aile d’Argent, Rouget, Smith Haut Lafitte Blanc, Gruaud-Larose, Larcis-Ducasse, Smith Haut Lafitte.
While this year’s en primeur releases are yet to kick into full gear, the past week has seen key entries from the likes of Berliquet, Pontet-Canet, Palmer, Haut-Batailley, Lafleur, and more. Reporting on a shorter week of releases than usual due to the French bank holiday on Thursday 26th May, we examine the latest 2021s to market.
Released on Tuesday 24th May at £38.15 per bottle, Berliquet achieves its highest-ever combined score from Wine Lister partner critics, Antonio Galloni and Neal Martin (Vinous), who both award 91-93 points. While up on the last two years’ release prices, one top UK merchant has informed us that this is understandable at this stage in Berliquet’s progression, especially considering the comparable rise in quality and pricing from its Chanel siblings, Rauzan-Ségla and Canon.
This was followed shortly by Pontet-Canet 2021, which is so far being offered at around £74.17 per bottle. While slightly up on last year’s release price, it still poses as a good-value pick relative to its appellation, especially considering its status as the sixth-highest scoring Pauillac according to WL score (see here).
Also entering the market on Tuesday, Palmer’s 2021 vintage is another stand-out offering from the estate, reminding the Wine Lister team of a Palmer from the 1990s, but with more energy and ripeness. At £237 per bottle, the 2021 opens 1% below the 2020 release price, while volume released is down 30% this year. This, alongside strong critics’ scores and a propitious renovation programme currently underway, should no doubt encourage the success of the latest release.
This week saw releases from Palmer – tasted by the Wine Lister team in the cellar
Released on Wednesday 25th May, Haut-Batailley 2021 is so far being offered at around £39 per bottle (slightly down on the 2020 release price). As with the other Cazes properties, mildew pressure has impacted the yields in 2021, and volume produced is down 10% compared to the 2020. Its sibling in Saint-Estèphe, Les Ormes de Pez 2021 followed suit, and is so far being offered at around £18 per bottle – also fractionally down on last year’s release.
Finishing the week with a bang, Lafleur 2021 was released on Friday 27th May through its UK agent, Justerini & Brooks at £542.33 per bottle. While entering the market 3% and 12% up on the 2020 and 2019 release prices respectively, there is no remaining availability of last year’s release on the market, and the 2019 has more than doubled in price since its release. As the second-best Quality performer of red Bordeaux in 2021 (after Cheval Blanc), and with a history of consistent and impressive price performance post-release, this will be one of the best buys of the campaign for those lucky enough to get their hands on it.
Also released during this period: Sociando-Mallet, Laroque, Alter Ego, Clos du Marquis, and Nénin.