Bordeaux First-Growths Slash 2001 Futures Prices
Consumers show little interest in the young wines, despite a quality vintage
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.
For the full article, check out the new issue of Wine Spectator, on newsstands July 31, 2002.