Bordeaux 2012 En Primeur coverage from

Bordeaux 2012: Pape Clement, Giscours, Lafon Rochet continue with price drops

La Gaffeliere, Lafon Rochet, Giscours, Chateau Fonroque, Chateau Fombrauge, Chateau Petit Village, Cos Labory, Chateau de Pressac, Angélus Bordeaux 2012 En primeur coverage
  • Wednesday 1 May 2013

Chateau Pape Clement in Pessac-Leognan came out at €50 yesterday, down 12.5% from its 2011 price of €57.60 (and also a drop of 23% in its 2008 price).

Bordeaux 2012 Chateau Giscours

Giscours: down 10%

It was joined by St Emilion's Chateau La Gaffeliere at €31.20 ex-Bordeaux, down 13.3% on 2011, and St Estephe's Chateau Lafon Rochet, at €21.60 ex-Bordeaux, a drop of 12% on 2011.

Third-growth Chateau Giscours has come down almost 10% from its 2011 price, to €26.40.

Other wines to have released this week include Chateau Fonroque (down 5.6% to €15), Chateau Fombrauge (down 4.8% to €14.28), Chateau Petit Village (down3.03% to €38.50) and Cos Labory (down almost 9% to€18.60).

Saint Emilion's Chateau de Pressac, which was promoted from Grand Cru to Grand Cru Classé in the new 2012 classification, followed the example of Pavie and Angélus with a price rise – albeit a far smaller one, with a 4.35% rise to €14.30.

With around 110 wines now released – of an expected 200 in this smaller-than-usual campaign - most négociants in Bordeaux are reporting slow moving wines, with a few bright spots.

‘The average price drops of 5 to 15% are reasonable, but are doing nothing to create excitement,’ reported one leading négociant.

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