Bordeaux 2012: An Insider’s Look at This Year’s Pricing and Strategies
Post by Chuck Hayward | April 15th, 2013
JJB’s Ryan Moses and Jeff Loo take notes on the vintage
My fourth consecutive visit to Bordeaux en primeur was accompanied by the usual meetings with negociants and wineries. It wasn’t long before I began to pick up on the topical trends that began to occur with every conversation. At first, there’s always a discussion of the weather – understandable given the way it shapes the quality of the region’s star commodity. Then the chatter turns quickly to the quality of the recent vintage. If there’s a bit more time, everyone asks how Bordeaux is selling in China and America.
But eventually, the discussion turns to the topic of utmost importance: the pricing for the new vintage. It’s here where things get interesting. Negociants inquire about what pricing it will take for the upcoming campaign to be a success, while at the same time buyers are asking around as well, trying to ascertain how prices will pan out for this vintage. The conversations can get quite animated – strong opinions are posited while each party tries to discern the mindsets of chateau owners and wine buyers. The 2012 vintage has done nothing to change this ritual. If anything, the discussion about pricing has been more open than in the past. Rather than playing poker this year, the cards have been laid out on the table. (more…)
Post by Chuck Hayward & Alex Fondren | April 11th, 2013
En primeur week is approaching the halfway point today and it is around this time when initial impressions turn into comfortable assumptions. Us wine professionals are always searching for threads and themes that we can weave together into a story that might interest our readers.
JJ Buckley is getting ready to leave the reaches of the Medoc to get acquainted with the new releases the Right Bank. But before we venture into unchartered territories, this looks like a good opportunity to take a retrospective look at the 2012s from the Medoc. (more…)
Post by Chuck Hayward & Alex Fondren | April 9th, 2013
JJ Buckley’s (very dapper) Geoffrey Binder poses in front of Chateau Margaux
There can be no better way to dive into the long grind that is en primeur week in Bordeaux than to drive up and down the D2 highway on the Left Bank of the Medoc. Popping in and out of the parking lots and drawing rooms of some of the wine world’s most prestigious properties can be quite a ‘tough job’, but it’s all in the hope of finding the real story behind the latest vintage. Each visit can reveal exciting discoveries or disappointing heartbreaks – either way you are assured of an emotional response when tasting these young wines. And that is exactly what happened yesterday as JJ Buckley’s staff descended on the top chateaux of Bordeaux to taste the newly assembled 2012 releases.
Tasting the wines from some of Bordeaux’s most revered properties is no easy task, yet it must be said that it’s quite exciting all the same. It’s a chance to see the sum of the wine industry’s best talents and resources put to use in making some of the world’s best wines. (more…)
Post by Chuck Hayward & Alex Fondren | April 7th, 2013
Jeffrey Davies’ 2012 Lineup
The real heart of en primeur week starts tomorrow (Monday) and continues on through Friday. So to avoid rushing in, trying to find our bearings at winery appointments and large tastings, it’s better to arrive a few days early and meet up with our friends in the business to gain some first impressions. And there’s no one better to meet than Jeffrey Davies, owner of Signature Selections - a negociant and wine marketing outfit based just outside the city center of Bordeaux.
Tasting with Davies is quite a treat. He always has a broad range of wines to sample, whether they’re well-priced Bordeaux appellation releases or new micro-cuvees from St. Emilion. But Jeffrey’s true value comes from his close ties to the local winemaking scene. He is quick to offer his observations on the vintage along with the latest news and gossip, making our conversations with him lively and engaging.
Just east of downtown Napa, the small area of Coombsville was recently designated as Napa Valley’s 16th subregional AVA. Each of Napa’s subregions is distinct, showcasing a unique climate and combination of soils, perfectly reflected in the wines. At the same time, Napa’s patchwork of AVAs provides a window into the valley’s diversity, belying the misconception that the region is homogenous.
This year marks the 30th anniversary of Napa Valley’s first subregional AVAs. The first to be designated entirely within Napa Valley was Howell Mountain. With its unique attributes, it it’s no surprise that the mountain was the first to be distinguished from other appellations. Altitude is what makes Howell Mountain so distinctive – grapes must be grown above 1400 feet in elevation to be eligible for its AVA status. This altitude lies above the morning fog layer that covers the valley floor, allowing for more sunshine during the day. This also allows for cooler average temperatures, often up to ten degrees lower than down the slopes, which preserves vital acidity. (more…)
Tim Mondavi gets interviewed about the 2011 vintage
Each February, The Napa Valley Vintners Association hosts the Premiere Napa Valley Auction, which has quickly turned into a “must attend” event for the wine industry. Intended as a fund raiser for the marketing and educational efforts of the Vintners Association, the week’s activities provide an array of events, connecting the entire wine trade with the wineries of Napa Valley. The highlight for most of us in the trade is the opportunity to taste barrel samples of the wines up for auction.
The lead-up to the weekend auction is complemented with educational seminars on Napa’s soils and subregions for wine industry professionals from across the globe. Even more important is the annual Symposium for Professional Wine Writers held at Meadowood during the same week. The conclave brings aspiring and professional wine writers together to talk about the nuances of writing about the grape. You’ll often find yourself rubbing elbows with guest lecturers at the barrel tastings following the symposium. This year saw Decanter’s Guy Woodward and Steven Spurrier walking through the barrel room of the old Christian Brothers Winery. (more…)
Ted Lemon: “The Concept of Noble Place in New World Winegrowing”
Post by Chuck Hayward | February 20th, 2013
Ted Lemon of Littorai & Burn Cottage
A few weeks ago, I joined a large portion of the wine world that descended on Wellington, New Zealand for Pinot Noir NZ 2013. Held every three years, the four day symposium featured lectures, tastings and seminars, attracting leading winemakers, critics and consumers from around the world.
Wine Spectator critic Matt Kramer delivered an excellent and thought provoking keynote speech that has generated considerable attention. He attempted to answer the question, “Can Atheists Make Great Pinot Noir?” and in his usual eloquent and captivating manner, Matt laid out his ideas regarding how to make superlative pinot. Whether you agree with him or not, Matt made a convincing argument in support of his theories. And, as might be expected, Matt’s arguments provoked some rather spirited discussions and blog posts. To any pinot (or wine) enthusiast, I highly recommend Alder Yarrow’s transcript of Matt’s lecture.