I was just about to write a blog on another subject when an e-mail from a woman in France was forwarded to me this morning from the Spec’s New York office:
"Dear Sir or Madam,
I’m contacting you because I would like to get in touch with your journalist, Mr. James Suckling. I am conducting a study on Bordeaux 2007, a very problematic vintage, which will be released next month for Vinexpo in Bordeaux.
I am very keen on having his point of view on the question, as he is one of the most influential writers on Bordeaux."
I assume she means that the 2007 Bordeaux vintage is "problematic" because few people are going to want to buy it at the current prices, although the growing season was also difficult. The quality of the best 2007s is only going to be very good to just outstanding. Say not much more than 90 or 91 points for the best reds. But I am not 100 percent sure yet, and I won’t taste them from bottle until December, so I obviously can’t be certain.
But the fact that the 2008s came out at a greatly reduced price—in many instances less than 2007 futures—means that 2007s are going to have to come down in price significantly before people start buying them. The 2007s on a whole are inferior to the 2008s.
I wouldn’t be surprised to see 2007s drop to half of their release prices. This is what happened with the 1997s, another good vintage that was way overpriced in the beginning.
What’s happening with the market for Bordeaux is all very confusing at the moment. It makes about as much sense as watching the stock markets. My crystal ball is no better than anyone else's in either case.
Matt Scott — Honolulu HI — May 15, 2009 5:57pm ET
Lorenzo Erlic — victoria canada — May 17, 2009 6:09pm ET
David A Zajac — May 18, 2009 10:40am ET
James Suckling — — May 18, 2009 11:23am ET
Idiart — Bordeaux France — May 28, 2009 5:06am ET
James Suckling — — May 28, 2009 6:18am ET
Idiart — Bordeaux France — June 2, 2009 3:28am ET
Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions