Bordeaux 2011: Château Lafite Rothschild reports 420 euro per bottle

Monday, 23. April 2012 | 08:12 Uhr | RED.YOOPRESS | WINE TRADE
Reference: DECANTER | Translator: E.RENZIEHAUSEN
2012-04_lafite2
Lafite goes in front and sparked a wave of speculation about the prices of other Chateaux (Photo: Château Lafite Rothschild)

FRANCE (Bordeaux) - Château Lafite Rothschild fixed the price for its 2011 wine at 420 euro and, thus, falls about 30 percent below last year’s price (600 euro). The price of 420 is “ex négociant”, whereas the international wine trade still has to wait for its allocation. The price “ex château” is 350 euro.

Whereas the wine trade still has to “digest” the price, some traders rather have a delighted sigh of relief. “These are welcome news”, is the tenor of the business. “We are hopeful other châteaux to follow our example in order to allow us to sell the wine at a low and attractive price.”

But this is exactly reflecting the current uncertainty within wine business because so far, not all producers have reported their prices yet. “I’m in doubt that the Mouton, Haut-Brion, Margaux and Cheval Blanc wineries are in a position to sell at 350 euro”, Simon Staples from Berry Bros. and Rodd, a British wine trade agency, comments the hopeful waiting of his colleagues.

In parallel, the announcement of the Lafite Rothschild château triggers a wave of speculations about how the prices of the highly praised wines from châteaux of the next lower classification – such as Château Palmer, Ducru-Beaucaillou, Montrose or Calon-Ségur – will develop. Steven Spurrier scored wines from those châteaux with at least 18 or 18.5 points. (red.yoopress)

Here you will find all scores of the wines tasted by Steven Spurrier: www.decanter.com

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