After a few shaky vintages in Bordeaux, you could be forgiven for feeling nervous that interest in the fine wine market was beginning to subside in Asia. Admittedly the market became so vast, so quickly, that there was little chance of growth continuing at such a fast pace. However, recent reports show that Asia’s love affair with Bordeaux is far from over, and in fact,this may just be the tip of the iceberg.
Mouton-Rothschild and the year of the ram
The evidence speaks for itself – at the top end of the market, a recent ex-chateau auction of Chateau Mouton-Rothschild in Hong Kong smashed all records, fetching a total of US$4.1 million. An extraordinary collection of 66 bottles was featured, offering vintages between 1945-2012.
This auction took place just before the Chinese New Year, giving it particular significance for the Chinese bidders, since it is the year of the ram – of course ‘Mouton’ is the French word for sheep! Continue reading →
It has been a tough year in Bordeaux, and on the back of negative press surrounding the lacklustre en primeur campaign for the 2013s, much sympathy has been felt for growers this year. As July brought unseasonably cold conditions, and August brought extensive rain, it seemed like nothing could salvage 2014.
The Indian summer that saved Bordeaux
But a bright, sunny September has done just that, and far from being a salvage operation, it is starting to look like 2014 could be rather a good vintage. As the Merlot grapes are being picked, it has become apparent that they are in impeccable condition. Very little sorting has been required indicating exceptional quality, and this is a good sign for the Cabernet grapes that will remain on the vines a little longer before they are picked. In 2013, the inconsistency in quality of the grapes required an immense effort to sort them in order to achieve the precision required at this crucial point in the harvest. Chateau Mouton-Rothschild reportedly required almost 700 pickers in one day. Additionally, the quantity of grapes in 2014 is large – which is great news for growers since 2013’s harvest was relatively small. Another small harvest could have caused substantial problems in supplying the market. Continue reading →