Month in wine
Bordeaux 2019: prices reflect global events This year’s Bordeaux en primeur campaign launched into an uncertain market with a wave of discounts for what was ‘unhesistatingly a successful vintage’, according to Jane Anson. Pauillac fifth growth Château Pontet-Canet fired the starting gun on 28 May with its release at £61 a bottle, a 31% drop versus the previous year. Liv-ex reported it to be one of the lowest priced vintages of Pontet-Canet on the market and the lowest ex-Bordeaux release price since 2008. Rather than a statement on vintage quality, en primeur discounts appeared to be recognition of the uncertain economic climate, coloured by 25% US tariffs and the widespread impact of the Covid-19 crisis. ‘Our 2019 is definitely one of our best vintages,’ Pontet-Canet co-owner Justine Tesseron told Decanter, adding that they released…