It was another busy week for the Bordelais and international trade alike. The majority of Bordeaux 2019s have now been released – on our numbers, the campaign is about 85% complete and covered in full on our News and Insights pages.

Reports on Vinous, from both Neal Martin and Antonio Galloni were published, with over 1200 new scores between them. Even with Neal Martin’s “Uncertain smile”, the title of his 2019 report, his notes and scores reaffirmed that 2019 will sit among some of the greats. However, the trade may have taken notice as release prices this week seldom showed the large discounts of the few weeks prior.

Figeac 2019 was the first to release Monday and was the only wine of the week to touch past a 30% discount from 2018. It was being offered by the international trade at £1,512 per 12×75, a 30.4% decrease from the 2018 opening price of £2,172 a case.

Tuesday was a bit slower and gave the trade just a few moments to breath. Releases from Grand Puy Lacoste and Montrose stood out, down 19.6% and 22.8% respectively, from their 2018 opening prices.

Margaux 2019, the last of the First Growths released on Thursday and was offered by the international trade at £4,200 per 12×75, down 17.8% on the 2018’s release of £5,112 per case. This sits Margaux above the releases of Mouton Rothschild and Haut Brion and below the higher priced Lafite Rothschild.

Other notable vintages later in the week were ClinetDucru BeaucaillouHaut Bailly and Eglise Clinet.

Eyes reverted to Bordeaux (54.9%) this week as a secondary market for the 2019 vintage started to develop and pick up steam. EP trade made up 31% of the value for the region and was the most traded vintage by volume.

Chateau La Mission Haut Brion, Pessac Leognan 2019 was the top traded wine by value this week. The wine was released just eight days ago at £2,256 per 12×75 – it has since increased 19% in price.

Carruades de Lafite 2019 has also increased. Released at £1,896 per 12×75, the wine now trades 1% higher. Margaux 2019 is up 2.4% from its release just yesterday.