Bordeaux admits prices must reflect depressed market
Bordeaux admits prices must reflect depressed market
Mar 7, 2012 6
(Decanter) - The proprietors and negociants of Bordeaux admit that prices must be ‘realistic’ on the 2011 vintage – while insisting its quality should not be downplayed. The market, insiders agree, is ‘not as buoyant’ as it has been, and prices must reflect that.
Chateau Lynch-Bages’ Jean-Charles Cazes told Decanter.com, ‘There’s a lot of uncertainty and we know buyers are cash limited. They bought a lot of wine in 2009 and 2010 so will need a good reason to buy 2011. It is not as buoyant this year.’
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