"Some wines will have to be half what they were in 2010". Irish Times
Bordeaux Châteaus Say They'll Lower Prices, But How Much? -- Wine Spectator
After Americans passed on the 2010s, the first-growths are hinting that they'll drop prices substantially.
Wine professionals from around the world have descended upon Bordeaux for the annual tastings of the new vintage. This is Bordeaux’s moment to dazzle, with Michelin-starred chefs cooking for hundreds, jazz concerts, art exhibits—and thousands of barrels of wine looking for buyers. But price seems to be the topic on everyone's mind.
Wine Spectator Senior Editor James Molesworth's 2011 Bordeaux barrel tastings have shown a vintage of mixed quality. Two things make a price reduction within the realm of possibility: lukewarm Chinese interest and a vintage that doesn’t incite wild speculation. “Logically, the prices should come down, and that would allow Europeans and Americans to come back to the market,” said broker Max de Lestapis. And the top châteaus have already begun to tell people that they will release the wines at much lower prices than last year. How low? They're not saying yet.
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Update: Wine buyers warn prices must fall as Bordeaux fails to tickle palates -- Irish Times
My Comment: I would love to see these prices drop appreciably .... but I doubt it.
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