Bordeaux first growths Chateau Latour and Chateau Margaux have released their prices on the 2006 vintage – around two-thirds the price of last year.
Margaux and Latour have both been released to wine merchants at cost price of €325 per bottle (€270 ex chateau).
This will work out at £2653 per case, which merchants will sell at around £2950 per case.
Margaux has released all its wine in one tranche, while Latour has keep some back for a second tranche, which will be released at a higher price.
The wines are cheaper than 2005, by about a third. Merchants say they are more expensive than they would have liked, but they are not surprised.
‘There is pretty well no vintage of Latour in the last 6 vintages available at a lower price,’ Stephen Browett at Farr Vintners said.
At Berry Bros and Rudd, wine director Simon Staples said that the first growths were three times the price of the 2004 when it was released.
‘We are surprised to see them on the market at that price, considering their quality.’
Chateau Palmer and Ducru Beaucaillou have also released, and will be available at around £1176 and £780 per case respectively.
Written by Adam Lechmere