Generally speaking, the 2014 vintage will not lead to a drop in prices. The best example of this is Château Mouton Rothschild (Pauillac 1st great classified growth), the first of the firsts to show its hand with a 12% increase (282 euros excl. VAT retail price) on the 2013 vintage. In its defence, it has secured the top spot amongst Médoc wines this year (Gilbert & Gaillard score: 98-100/100) and is rated extremely highly by Bordeaux negociants. On the Right Bank, Château Angélus is following a similar tack at 210 euros (+11%) but is also amongst the finest, ranking second in Saint-Emilion (G&G score: 96-98/100) after Ausone. These two prestigious properties have returned to 2012 pricing. A notch just below but also very highly rated, Cos d’Estournel (95-97/100) increased prices by 10% to 99 euros, again virtually on a par with 2012.
However, these prices do not mirror the general trend. Lafite-Rothschild for instance (Pauillac 1st classified growth) has announced three price drops of over 10% for its properties: Duhart Milon (48 euros), L’Evangile (103.50) and Rieussec (48 euros). Although the price of the top wine remains as yet unknown, it also dropped for the 2012 and 2013 vintages.
One thing is known, though, and that is the quality of the 2014 vintage, considerably higher than the three previous vintages. Of course, reverting to 2010 prices would be impossible, but the market is expecting prices that are either stable or slightly up. Bordeaux negociants will complain, but still buy the wines, and then sell them on to us!
For a more detailed assessment, click here to access Gilbert & Gaillard’s scores for the 147 wines tasted and scored in April.