The American-owned first growth Haut-Brion opened the 2005 futures market today by more than doubling its price from the year before and selling its wine for 200 Euros to the Bordeaux trade. And apparently the world can’t get enough. I guess the goose lives after all ...
I don’t think consumers in the states are going to see much change back from $400 for a bottle of 2005 Haut-Brion. And they are paying for something they will not get their hands on until spring 2007. The 2005 is selling for about the same price as the 2003, although it is still less than the current price for the 2000.
Lynch-Bages (42 Euros) and Pontet-Canet (39 Euros) also came out today and doubled their prices form 2004. And they are selling briskly, according to sources in Bordeaux.
“Let’s not make comparisons to 2004 with prices,” said one negociant. “The 2005 is a special market and the prices are special too.”
I expect some of the other first growths such as Latour and Margaux to be even more expensive, perhaps even 220 or 240 Euros ex-cellar when they come out this week.
Jeffrey Ghi — New York — June 12, 2006 1:05pm ET
David Starrs — Minneapolis, MN — June 12, 2006 4:02pm ET
Joseph Romualdi — Woodbridge, Ontario, Canada — June 12, 2006 8:53pm ET
Christopher Dunn — June 12, 2006 10:05pm ET
Thomas Bohrer — Hong Kong — June 12, 2006 10:09pm ET
Bill Morency — IL — June 12, 2006 10:10pm ET
Jonathan Drake — geneva — June 12, 2006 11:40pm ET
James Suckling — — June 13, 2006 1:40am ET
James Suckling — — June 13, 2006 1:42am ET
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