En Primeur News : Wednesday, 17th May 2017
This morning we have La Lagune at £420 and Clos du Marquis at £470. Both these wines have very good reviews from the critics including 93/95 point ratings from the Wine Advocate. These were followed by Talbot at £492. Whilst Talbot may have less good ratings it is a hugely popular name throughout the world.
In the afternoon we had the release of Carruades de Lafite which sells out every year on release. It is unlikely that we will have more stock than we had last year (probably less) but we'll make sure that all of last year's buyers get their usual allocation.
The situation is now becoming clearer on Montrose. This is a wine that, by and large, failed to sell well last year as the price was rather ambitious. Consequently, the Château didn't sell as much as they had planned. As a thank you to last year's buyers (very few of whom are in the UK), the property yesterday released a very limited volume of 2016 - last year's sold quantity less a further 10% quantity reduction - at the same euro release price as 2015. So, a nice deal for last year's buyers but no help for customers who now want to buy it in 2016. We have not seen any offers of this wine from any reputable UK merchants as nobody in the UK trade has been able to get their hands on any significant volume of stock.
Although we have confirmed the small amount of 2016 that we have to those who bought in 2015, it's basically a "wait and see" situation here for most of our customers. Don't panic if you missed out as virtually everybody else did too. We assume that the property will release a further significant tranche of stock to satisfy the demand in the coming weeks.
We now have the strange situation where the two top wines of St Estèphe (Cos d'Estournel and Montrose) are "released" yet unavailable. Cos closed their opening offer 2 days before the Wine Advocate's review fired demand for the wine so, on both Châteaux, we expect a second tranche soon. At that point we hope to be able to process pre-orders for Montrose and our waiting list for Cos.