Yesterday, the first handful of 2015 Bordeaux wines were released onto the market.
A few critics have already had their say on the En Primeur wines, and feedback ranges from “extremely exciting” to “very inconsistent”.
En Primeur wine as an investment
Interest in En Primeur wines as an investment has decreased in recent years due to high release prices and diminishing returns for six of the last ten vintages.
On Liv-ex, share of En Primeur trade reached 15% for the 2009 vintage, dropped to 10.9% for the 2010s and then crashed to 2.6% for the 2011s. This has resulted in a backlog of stock at many top Bordeaux Chateaux, making some like Latour and Mouton Rothschild think twice about releasing wines En Primeur at all.
Feedback from the more sensibly priced 2012 vintage has been more positive, however, and this year the market is hoping the Bordelais will take note of this success and make the 2015s equally accessible.
First Bordeaux wine prices announced
Among the first wines to be released was La Couspaude of St Emilion at €34, a rise of 13% on last year. James Suckling, who has been full of praise in his tasting scores, describes the wine as “silky textured and lively”, giving it 92-93 points.
It is too early to say how merchants will react to this seemingly modest price increase – with the sterling in its current state, it represents an 18% rise for US customers and a 25% rise for UK customers.
With the UK having been the single largest market for Bordeaux En Primeur in the past, it will be interesting to see what effect these price hikes will have on final sales and return on investment.
First impressions of the 2015 Bordeaux fine wines
So far, views have been mixed. James Suckling reeled out a string of 100-point scores, calling the vintage “extremely exciting”, “best ever”, “powerful” and “sexy”. Margaux, he writes, is “more than perfection” and has a “literally endless finish”, while Pomerol, Pessac-Léognan and St Emilion are other areas that stand out.
The Right Bank wines also receive praise from James Molesworth, with “lots of successes” to be found in the region, while “Pessac and Margaux red lead the way on the Left Bank”. So far, so good.
However, Tim Atkin has some reservations about the vintage, calling it “very inconsistent”, perhaps due to the ‘hiccup’ of heavy late season rain in the Northern Left Bank. Many scores and opinions from other critics are yet to be published.
Bordeaux 2015 updates from Capital Vintners
Over the next few weeks, Capital Vintners will be keeping you informed and up to date on the latest from Bordeaux 2015. Stay tuned, and visit our Facebook and Twitter pages for wine giveaways, recruitment opportunities, market updates and more.