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Bordeaux 2013: ‘best value’ wine releases
Grand Puy Lacoste, the wine voted to be the “best value” by UK merchants, has released its price – so, is it?
For the fourth year in a row, merchants in the Liv-ex survey voted the Pauillac fifth growth the wine most likely to offer the best value for money in the campaign.
It released yesterday afternoon in the wake of Margaux among others with a drop of 4% on last year’s price to €31.20 per bottle ex-négociant.
Still 30% above the 2008 release, the 2013 hit the London market for around £350 per case.
It is one of the cheaper wines on the market from the classed growths but is more expensive than its own past vintages on the market such as 2012, 2008, 2007 and 2004, which are all between £300 and £340 p/cs.
Its “best value” tag may not have been prematurely given – yet, there ares still many wines to release – but it is looking a little dented. Liv-ex has said that its price:score ratio is one of the better of the 2014s so far.
Also out yesterday afternoon was Brane Cantenac for €27 p/b ex-négociant, a 6% drop on the 2012. This morning, the only release of any note was Clos Fourtet with a 2% drop to €44 p/b.
Meanwhile, Liv-ex turned its attention to Right Bank big names Pavie and Angélus which released with last week alongside Mouton and, in the shadow of such a big name, one day before the Easter holiday and at €165 p/b, were promptly forgotten about.
Liv-ex notes on its blog that with both wines being more expensive than their respective 2007, 2008 and 2011s, low ratings and a softening market, many buyers to, “shrug their shoulders at the price”.