Lafite closes 2016 campaign

Posted by Rachel England on 19 June 2017 |

Lafite closes 2016 campaign

Lafite has finally made its second tranche of releasing, marking the end of the 2016 En Primeur campaign.

The first – and extremely small – tranche of the Pauillac First Growth was released on 22 May at €455 a bottle ex-négociant. Given the wine’s excellent scores and rating as ‘wine of the vintage’ by Liv-ex members, this put it in the realms of Liv-ex’s ‘fair value’.

However, Lafite released just 50% of its stock, so negociants largely held on to their allocations, knowing the prices would be liable to change when the second tranche was released.

In light of high prices from other chateaux, the fresh release keeps Lafite in the ‘fair’ price range; the wine now averages €490 ex-negociant, or £6,000 per case, putting in below the 2005, 2008, 2009 and 2010 vintages.

According to Will Hargrove at Corney & Barrow, the “pretty incoherent” release will mean customers will “find it hard to understand why it was done that way”, yet he and the majority of other merchants are confident the wine will sell through with little issue.

The release is the final of the 2016 campaign, with Petrus, Le Pin and Yquem releasing in their own time later this year.

Related link:

https://www.thedrinksbusiness.com/2017/06/bordeaux-2016-lafite-at-last/

 

 

 

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