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Bordeaux 2024: prices set to fall

Even if 2024 is one of the most expensive vintages to produce, and even if yields are at their lowest for 33 years, the price of 2024 Bordeaux wines is bound to fall, for a number of reasons:

• the critics' scores and comments for the 2024s will be favourable, but they will certainly be lower than for the last great Bordeaux vintages (2022, 2020, 2019, 2018, 2016, 2015, etc.), which are filling the cellars and stocks of both French and foreign customers,

• the more or less long-term slowdown in key export markets (England, China, USA, Japan, South Korea, Russia, etc.),

• the worldwide decline in red wine consumption, particularly among the younger generation.

It remains to be seen how far prices will fall. Rumours relayed by British merchants suggest that prices will more or less return to 2014 levels (at the Futures, Château Margaux 2014 was €338.00 a bottle, Cos d'Estournel €113,00, Léoville-Barton €58,80, Giscours €37,20...).

We already have a first positive indication with the vintages on offer this week:

- Pontet-Canet 2024 at €84.00 a bottle (€90,00 in 2014),
- Branaire-Ducru 2024 at €37,20 a bottle (€40,60 in 2014),
- Clos Manou 2024 at €20,70 a bottle (€22,00 in 2014).

For your information, Pontet-Canet is, along with La Conseillante and Cheval-Blanc, one of the top 3 wines of the 2024 vintage according to The Wine Advocate (formerly Parker).

With most of the grands crus announcing their releases before the end of May (next week, for example: Lafite-Rothschild, Angélus, Gruaud-Larose...), we'll soon have a clear idea of everyone's intentions (and lucidity).

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