New Bordeaux 2017 releases: Pape Clément, Langoa Barton, Malartic out
- Price cuts dominate early stages of Bordeaux 2017 en primeur campaign with several estates positioned roughly between 2014 and 2015.
- Trotte Vieille launches debut primeur campaign at 60 euros per bottle ex-Bordeaux.
- Malartic-Lagravière 2017 red drops price by 21% ex-Bordeaux versus 2016, with Langoa Barton down 15%, La Lagune down 14% and Pape Clément red down 7%.
Châteaux injected some pace into the Bordeaux 2017 en primeur campaign on Thursday (3 May) with several releases hitting the market.
Many estates have increased prices over the previous three vintages and, this week, there continued to be signs that some properties were rolling some of this back for a frost-hit 2017 described as great in parts but considerably uneven.
It’s early days, but it still appears as if Palmer set the initial tone for the campaign last week by pricing its 2017 wine somewhere between the 2014 and 2015 release.
Malartic-Lagravière 2017 red was down by 21% ex-Bordeaux, to 32.4 euros ex-Bordeaux.
For consumers, Malartic-Lagravière 2017 red was just under the current 2014 price at Millesima USA. It was offering 12 bottles of Malartic-Lagravière 2017 red – rated 93 points by Decanter’s Jane Anson – for $570 in bond with the 2014 at $576 and the 2015 at $696.
In the UK, Fine & Rare was offering the Malartic 2017 red at £395 per 12-bottle case in bond. The 2014 vintage was available for £343 per case in bond on Fine & Rare Marketplace, with the 2012 available direct from the merchant at £359 per case. The 2016 was sold out and the 2015 was available on Marketplace for £418 per case.
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Langoa Barton in St-Julien released its 2017 with an ex-Bordeaux price cut of 15% versus last year, at 31 euros per bottle. Its 2015 wine was released en primeur at 32 euros ex-Bordeaux and its 2014 vintage at 29 euros.
Liv-ex said that it was being offered by UK merchants at around £390 per 12 bottles, down 7% in sterling terms versus the 2016 release.
Château Pape Clément also released its 2017 wine on Thursday (3 May), at a 7% discount to the 2016 release and at 61.2 euros per bottle ex-Bordeaux.
Liv-ex reported that Pape Clément had released around 50% less wine than last year, mainly due to frost damage.
BI Wines & Spirits was offering Pape Clément 2017 at £760 in bond for a 12-bottle case. For comparison, the 2014 and 2015 vintages on BI’s LiveTrade platform were priced at £670 and £840 in bond respectively for 12-bottle cases.
This week has also seen a primeur campaign debut for Trotte Vieille, which saw its 2017 wine available at 60 euros ex-Bordeaux. Jane Anson rated the wine at 94 points, praising its balance, power and good ageing potential.
Berry Bros & Rudd was offering six bottles of Trotte Vieille at £369 in bond, with the 2015 vintage also available on the merchant’s BBX trading platform, in bond, for £1 more per case.
La Lagune’s 2017 release, down 14% ex-Bordeaux versus 2016 to 30.6 euros per bottle, saw it join a number of estates that have opted to price within a range roughly between the 2014 and 2015 vintages so far.
Other releases so far this week have included Marquis d’Alesme, Dauzac, Vray Croix de Gay and Cos Labory, as well as Pape Clément and Malartic-Lagravière white wines.
Read about more releases, plus scores and an exclusive vintage report via Decanter’s Bordeaux en primeur homepage
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