Bordeaux admits prices must reflect depressed market (France)

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.’

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