Back to basics for Grands Crus during the coronavirus crisis

Monday June 15 2020 by Vitisphere

Château Beychevelle produces 240,000 bottles a year and currently sells more than 80% of its wines En Primeur in a single tranche.Château Beychevelle produces 240,000 bottles a year and currently sells more than 80% of its wines En Primeur in a single tranche. - Photo credit : Château Beychevelle

Even without the traditional tasting week, the pace of the 2019 En Primeur campaign has been sustained and kept Bordeaux wine merchants on their toes at the beginning of June. Despite numerous positive tasting scores, prices for the 2019 En Primeurs continue to drop compared with those for the 2018s: -31% for Château Pontet-Canet (at 58 euros a bottle for the trade), -30% for Château Cheval Blanc (€370), -16% for Château Lafite-Rothschild (€396), -9% for Château Angélus (€230), to name a few. For the 200 to 300 Bordeaux properties that sell En Primeur, “we are experiencing very challenging times [due to the pandemic]. There isn’t a single sale by airline companies or restaurants around the world. For the fine wine market [in Bordeaux], buyers are required to position themselves now. It is essential that prices be lowered to take the situation into account”, sums up Philippe Blanc, managing director of Château Beychevelle (80 hectares of 1855 Grand Cru Classé vines in Saint-Julien).

 

Château Beychevelle produces 240,000 bottles a year and currently sells more than 80% of its wines En Primeur in a single tranche.

 

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