Prices on Bordeaux 2015 en primeur wines as they leave negociant cellars look set to rise by between 10% and 20% versus the 2014 vintage, suggests an initial trickle of releases plus survey data from Liv-ex.

The past few days have seen the first Bordeaux 2015 en primeur releases, with ex-negociant prices for Château Chasse-Spleen and Coutet both around 10% higher than for their 2014 en primeur releases.

Château Angludet has also released, and its price was up by 28% versus the 2014 release price, according to a note from Corney & Barrow.

The ex-negociant price is the price of the wine when it notionally leaves negociant warehouses, albeit the wines themselves remain in barrel at the châteaux for now.

Almost 74% of merchants across the international trade surveyed by Liv-ex said that they expected more consumer demand for Bordeaux 2015 than for 2014.

However, as merchants in both the UK and US have told, release prices will be critical in determining demand.

Most merchants surveyed by Liv-ex following en primeur tasting week said that they expected price increases on several top Bordeaux 2015 wines to be somewhere between 10 and 20%.

If that is the case, merchants in the UK in particular will be concerned about the knock-on effects of the euro/sterling exchange rate. Sterling’s recent weakness against the euro means a 10% ex-Bordeaux price increase automatically becomes a 20% real-terms increase in the UK.

Consumers have lost money on en primeur purchases on average in five of the past eight campaigns, according to Liv-ex.

Read more about the Bordeaux 2015 vintage and see Decanter scores for individual wines

Bordeaux 2015, Graves

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The best Bordeaux 2015 white wines were to be found in Pessac-Léognan, according to Decanter’s Bordeaux 2015 scores released last…

  • Julian Marshall

    Every year the song remains the same – the writers and merchants call for moderation, the owners take no heed and the EP market continues to shrink. There are any number of 05s, for example, available at similar prices, such as Gazin, on sale in France at auction for around 75€, which is uncomfortably close to the 67€ asking price of the 2015. Not only does the latter appear to be inferior to the 2005, it is also, lest we forget, a mere embryo, an approximation of what the final version of the wine will actually be. Whether or not one thinks Gazin 05 is worth 75€ or more is a moot point, but how can it make sense for anyone to invest their money in the 2015, two years in advance?

  • JonoLeNoir

    No thanks. Will buy the clearance stock after the next good vintage.