Bordeaux admits prices must reflect depressed market (France)

The proprietors and negociants of Bordeaux admit that prices must be ‘realistic’ on the 2011 vintage – while insisting its quality should not be downplayed. The market, insiders agree, is ‘not as buoyant’ as it has been, and prices must reflect that. Chateau Lynch-Bages’ Jean-Charles Cazes told Decanter, ‘There’s a lot of uncertainty and we know buyers are cash limited. They bought a lot of wine in 2009 and 2010 so will need a good reason to buy 2011. It is not as buoyant this year.’