I am speechless. Lafite and Mouton released their 2005 futures to the Bordeaux wine trade in the last 24 hours for 300 euros a bottle, and the global wine trade can’t get enough. In fact, I have been told that many are reordering!
This means that Lafite and Mouton 2005 will be about $650 a bottle to American consumers – or more. That’s $7,800 for a case of 12 bottles that the consumer won’t even see for another two years.
That’s what I have been told by a number of wine merchants, and they were positive that the American consumer would be buying up the wines. Their clients around the world certainly were today– even the French and Germans with their bad economies. They want the most expensive young vintage of first growths ever – regardless of the price.
This is all very worrying. Honestly. Who is going to drink these wines at those prices? Or is it all for speculation? Are there really tens of thousands of people in the world prepared to pay that sort of money on a baby vintage of Bordeaux?
It just doesn’t feel right. The whole thing is almost surreal.
I recently had a conversation with a well-regarded artist from Vienna, and she said that the best in contemporary art had become ridiculously expensive. She had been at the Basel art show last week and couldn’t believe how expensive everything was. “It’s not art anymore. It’s business,” she said.
The same appears to be the case with Bordeaux.
Tomorrow, Latour, Margaux and Cheval-Blanc are expected. Is the sky the limit, or is the sky falling?
Glenn Lucash — June 22, 2006 3:17pm ET
Patrick Obrien — Hartford, CT — June 22, 2006 4:36pm ET
David A Zajac — June 22, 2006 4:53pm ET
Jeffrey Ghi — New York — June 22, 2006 5:39pm ET
Robert Kocourek — June 22, 2006 7:32pm ET
William Clay — Atlanta, Georgia — June 22, 2006 9:39pm ET
Garrett Devries — June 23, 2006 2:01am ET
Martin Stoevesandt — Germany — June 23, 2006 2:53am ET
Jennifer Awbrey — Austin, Tx — June 23, 2006 3:16am ET
Gints Ozolins — Latvia — June 23, 2006 5:46am ET
Anthony Clapcich — June 23, 2006 7:32am ET
Jason Fernandez — Boston, MA — June 23, 2006 8:06am ET
Michael Krogh — Eden Prairie, MN USA — June 23, 2006 8:35am ET
Winston Walker — Texas — June 23, 2006 9:04am ET
Jay H Abrams — Boca Raton, FL — June 23, 2006 9:11am ET
David A Zajac — June 23, 2006 9:35am ET
Alex Cobb — Fort Worth, TX — June 23, 2006 10:48am ET
Roger P Smith — June 23, 2006 12:22pm ET
David Allen — Lufkin, Texas — June 25, 2006 1:53am ET
David Allen — Lufkin, Texas — June 25, 2006 2:09am ET
Espitalier Noel Sigfried — July 5, 2006 3:12am ET
Philip Lenowsky — San Diego — July 7, 2006 1:30pm ET
Philip Lenowsky — San Diego — July 7, 2006 1:39pm ET
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