Fine wine trader BI has reported a 43% uplift in turnover to £50m for the first half of 2017, marking the strongest period of sales for the company for several years.
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“Ahh, so you’re the one who hates Bordeaux…” said the late, great Denis Dubourdieu when we were introduced. Bordeaux’s pre-eminent authority on white wines, Dubourdieu was a man used to having his reputation precede him. Me? Less so. As I told the master winemaker, though, I don’t hate Bordeaux. We were drinking white Haut-Brion at the time, after all. But, as I also told him – and put into print as often as I could get away with at Decanter – I do hate its arrogance, its prices, and the nauseating esteem in which it is held by those old enough to know better.
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In a final report on En Primeur 2015 from fine wine trading platform Liv-ex, the company predicts that the prices seen in 2009 and 2010 are now a thing of the past.
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After a marathon tasting, our resident Bordeaux correspondent Gavin Quinney assesses 2015 quality and where to look for value
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It has been nearly five years since the Bordeaux fine wine market, which had been riding an incredible high, came to a screeching halt and it has been on a downward spiral ever since - until now.
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Bernard Magrez and his daughter Cecile Daquin, of Chateau Pape Clement, are urging other chateaux owners to be 'very prudent' this year when it comes to en primeur pricing. "This could be the last chance for Bordeaux" to woo back buyers warns Daquin.
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Looking beyond red and the hype of en primeur there seems to be a resurgence in white and rosé wines from Bordeaux.
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This year's en primeur campaign has been a mixed bag that failed to capitalise on the chance to reset the market, according to fine wine investment experts.
There has been little incentive for consumers to buy Bordeaux en primeur in recent years. Can the chateaux turn that around? Our man on the ground, local winemaker Gavin Quinney, reviews the latest vintage:
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One of Chateau Lafite's subsidiary châteaux became the first to release prices for en primeur 2014 - and the signs are "encouraging", according to fine wine specialists.
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Prices for en primeur 2015 are widely anticipated to be released in the next two weeks - but châteaux owners seem to be wary of committing themselves, a leading fine wine investment expert has warned.
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Since 2000, Christian Seely has successfully led AXA Millésimes alongside such wine estates as Château Suduiraut, Pichon-Longueville and La Tour Pibran. Now, all his attention is focused on the 2014 en primeur.
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First impressions on this year's en primeur seem to be that the quality is there - but don't hold your breath about prices coming down.
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A fine wine investment expert has warned that the en primeur system risks seeing an exodus of châteaux from the system and negociants going to the wall, unless it gets its pricing "right".
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Leading UK wine critic and Harpers columnist, Tim Atkin MW, has fired a warning shot across the bows of Bordeaux and warned its producers and chateaux that they need to listen to the international critricism of its en primeur system and make serious changes or risk looking "ridiculous" in the eyes of the wine world.
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Wine investors who bought one case of each of Bordeaux's first growth chateaux for the five years from 2009 would have lost £35,000 if they sold last Friday, said the Wall Street Journal's Will Lyons.
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The Influential Bordeaux winemaker, Gavin Quinney, owner of Château Bauduc in Bordeaux, has picked out his Top 10 picks from this year's en primeur campaign that he thinks show the best value and quality for the trade to invest in. It is part of his wider analysis of the overall en primeur campaign for Harpers.co.uk which includes his comprehensive scores of all the main wines from the leading chateaux.
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Gavin Quinney, owner and winemaker of Château Bauduc in Bordeaux, gives his definitive verdict on the 2013 en primeur campaign with his own detailed analysis of all the main Bordeaux chateaux wines, including his recommendations of what to buy now, what to age and what to avoid.
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Buyers are showing a continued lack of confidence in Bordeaux's 2013 en primeur campaign while badly priced wines are being discounted, said Bordeaux negociants Monday.
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"We cannot be the bank of the chateaux forever", leading Bordeaux negociant house Ginestet has said as the 2013 en primeur campaign struggles on.
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