There have been a few recent articles in the wine press suggesting that Robert Parker’s influence is on the decline – like this one from The Drinks Business quoting figures by The Wine Investment Fund. It’s an interesting question that rears its head every year, perhaps more significantly this year since Parker has made it clear he is taking more of a back seat role.
Re-scoring of the 2009s
Love him or hate him, no one can deny Parker’s impact over the last few decades. His scores out of 100 have cast a shadow on the fortunes of Chateaux, leading to many being accused of attempting to make wines that would appeal to the Parker palate in order to secure a high score. His recent re-scoring of the 2009s has shown that he is still a dominant influence on the market. In declaring 2009 to be ‘better than 1982’ and ‘the greatest vintage I have ever tasted in Bordeaux’, Parker has sealed the fate of the wines he has given perfect or near-perfect scores to, and it would be foolish for the investor to ignore this. Continue reading →
Much has been written this year about Bordeaux’s en primeur campaign, and it is unclear whether buying ‘wine futures’ will become a thing of the past. Bordeaux négociants have suffered in the last few years as Chateaux have steadfastly refused to reduce their prices in response to demand. Is it possible that next year’s en primeur campaign could be the last of its kind?
A good deal for negociants
The way the system works at the moment, wine is offered for sale based on samples from the barrel offered in the April after the vintage. Historically this has been a good option for negociants to get a good deal on wines that have not been bottled yet. It’s not without risks of course, but in the past it was an exciting way of procuring the top wines before they had been released at a significantly lower price than what was commanded once they were bottled. And of course the price that the negociants pay is significant in terms of how this filters through to the end consumer.
For the last 5-6 years, negociants have shied away from en primeur – it hasn’t offered them a particularly good deal with the Chateaux retaining much of the profits. One weak campaign after another has ensured that the future of en primeur hangs in the balance now. Continue reading →