Marguax has released its first group of the 2007 Vintage and set the price at €240 (approx $371). This is a drop of 27% over last year. From the article:
The drop comes despite the fact that there is less quantity of the wine this year, due to the careful selection that marked the 2007 harvest in the top estates. The extremely wet summer demanded rigorous selection - for those who could afford it.
Jean Baptiste Bourotte, managing director of Bordeaux negociant firm Audy, said, 'Generally speaking, first growths are on a different stage in term of prices but it is interesting to note that Margaux is quite aware of the market and is showing it by making a decent decrease.'
Still out of range for most people, but good to see the drop anyway...
The drop comes despite the fact that there is less quantity of the wine this year, due to the careful selection that marked the 2007 harvest in the top estates. The extremely wet summer demanded rigorous selection - for those who could afford it.
Jean Baptiste Bourotte, managing director of Bordeaux negociant firm Audy, said, 'Generally speaking, first growths are on a different stage in term of prices but it is interesting to note that Margaux is quite aware of the market and is showing it by making a decent decrease.'
Still out of range for most people, but good to see the drop anyway...
Labels: Bordeaux, Chateau Margaux


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