Bordeaux First-Growths Slash 2001 Futures Prices

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for the July 31, 2002 issue

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Consumers show little interest in the young wines, despite a quality vintage

James Suckling
Issue: July 31, 2002

Bordeaux's leading wine estates have cut prices for their 2001 futures by as much as 37 percent compared with the 2000 futures, in hopes of kick-starting a sluggish market for their newest vintage. While the 2001 wines are very good to outstanding (see "The Problem With 2001," beginning on page 65), wine merchants and consumers have shown little interest in committing to buying wines still aging in barrels.

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