Bordeaux 2013: Lafite releases to energise ‘flat market’

news  %tages Bordeaux 2013: Lafite releases to energise flat market
Two of Bordeaux's first growths, Lafite Rothschild and Mouton Rothschild, have entered the en primeur fray just ahead of Easter, dropping prices for their 2013 wines by 14% and 10% correspondingly.

Lafite released yesterday (16 April) at €288 ex-Bordeaux, in a go that was initially well received by several UK merchants. Mouton Rothschild followed this daylight, priced at €216 ex-Bordeaux.'We reckon it’s a very excellent fee indeed and are confident we’ll have willing customers,' Oliver Sharp at Bordeaux Index told Decanter.com.Analysis by Liv-ex, the fine wine trading platform, showed that Lafite 2013's fee makes it the chateau's cheapest vintage available on the market - something that many observers have said will be the acid test for success in a vintage that is liable to be ready for drinking relatively early. Speaking to Decanter.com, Christophe Salin, managing director of Lafite owner Domaines Barons de Rothschild (DBR), said it 'wasn't hard' to choose the fee for 2013. He http://1000-facts-about-wine.com said it was vital to give buyers an incentive. Regarding the timing of the release, he said, 'We always release around the 20 April. [This year] I thought the market was a bit flat and that we had to give some news.' He said that expects the remaining huge names in Bordeaux to follow relatively quickly. 'There is no wits to wait,' he said.Some merchants, including Sharp at Bordeaux Index and Will Hargove at Corney & Barrow, expressed some concern that negociants may try to 'bundle' additional DBR wines in with the Lafite grand vin, which might make the Lafite fee less attractive.Salin said that he does not agree with bundling wines together. 'We don't do it,' he said, adding that he would encourage negociants not to either. Philippe Dhalluin at Mouton could not be immediately reached for comment.Amongst the additional releases in the past link of days, both Lafite and Mouton released their second wines - Carruades Lafite and Petit Mouton - with the former down 5% at €90 and the http://1000-facts-about-wine.com latter flat against 2012's fee, at €66.Chateau Kirwan released down 4%, at €21.5 ex-Bordeaux, and Duhart Milon released down by 9% at €44. Evangile was flat against 2012, at €100 ex-Bordeaux.

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