Bordeaux 2011 Prices Cut as Much as 45% as Lafite Demand Cools

May 22 (Bloomberg) — Top Bordeaux 2011 wines including Chateau Lafite-Rothschild and Chateau Cos d’Estournel are selling for between 30 percent and 45 percent below recent vintages after investment demand for the exceptional 2009s and 2010s sapped buyers’ appetite for less-powerful new clarets.
First-growth Lafite is being quoted at $8,410 a case on London-based wine exchange Liv-ex, 41 percent below 2010 and 45 percent down from the 2009s. Second-growth Cos d’Estournel, its close neighbor, is at $1,680 a case for the latest vintage, 45 percent down from the 2010s and 62 percent below 2009.
Asian demand for Bordeaux is becoming more selective while European and American buyers, still struggling with prices for the 2009s and 2010s, are eyeing cheaper back vintages and are less willing to pay premiums for wines still needing a decade or more in bottle, which critics including Robert Parker say fall short of the overall quality reached in the previous two years. Recession in Europe and weak global growth, combined with tumbling bank bonuses, are also driving the market lower.
“Coming into the 2011s, there is more uncertainty,” Michael Saunders, managing director of Bibendum Wine Ltd. in London, said during a tasting at Lord’s cricket ground. “The vintage isn’t being as widely lauded as the 2010s. There needs to be a real reason for people to buy 2011s at this stage.”
American Thirst

Pierre Lurton, director of top Sauternes producer Chateau d’Yquem and Chateau Cheval Blanc in Saint Emilion, said he saw more English and American buyers and fewer Asians among the 2,000 visitors to Cheval Blanc during the en primeur campaign to sample wines that won’t be bottled for another two years.
“It’s a vintage for Europe and for America,” Lurton said. “The price decrease of between 30 percent and 45 percent is normal. It’s not a speculative vintage, 2011, like 2010 and 2009. It’s a vintage for the traditional consumer.”
A warm, unusually dry spring followed by a cool summer made it a tough year to ripen grapes consistently, making the timing of the harvest particularly critical. Christian Seely, director of Pauillac second-growth Chateau Pichon-Longueville, said that “for now maybe the 2011 is slightly in the shadow of its very illustrious predecessors, but put it in the context of the last 10 years and this is a very serious vintage.”
London merchants said demand exists for the new vintage at lower prices, and price cuts have generated sales.

Consumer Vintage

Parker, writing in the Wine Advocate following tastings in March, said “this is the type of vintage where the producers should price low and sell as quickly as possible, giving consumers something to get excited about.”
Chateau Pontet-Canet, a Pauillac fifth-growth that is a close neighbor to both Lafite and Chateau Mouton-Rothschild, went on sale in London at 720 pounds ($1,160) a case, 37 percent below the level at which its 2010 wines are quoted on Liv-ex and 56 percent down from its 2009s.
“We sold out within two hours, and had demand for a third more,” Alfred Tesseron, owner of Pontet-Canet, said in London. “I could have priced it higher, but I am working for the long term.” London merchants agreed.
“It came out at a good price and it’s the first wine that’s really kicked,” said Saunders. “We’ve sold a lot of Pontet-Canet.”
First-growth Chateau Margaux released its wines at 3,800 pounds a case for the U.K. market, down 45 percent from current Liv-ex prices for its 2010 and 48 percent lower than 2009, while Chateau Lynch-Bages, a Pauillac fifth-growth, went on sale at 750 pounds, down 27 percent from last year.

Cheaper Giscours

Chateau Giscours, a third-growth from Margaux, pitched its 2011 at 320 pounds a case for London buyers, down 25 percent from its 2010, while Chateau Batailley, also a Pauillac fifth- growth, went on sale at 250 pounds, down 15 percent from 2010.
A significant driver of lower prices has been producers’ desire to hold on to traditional buyers in Europe and the U.S. after four years in which much of the focus has been on demand coming from China and other parts of Asia, dealers said.
The abolition of wine duties in Hong Kong in 2008 coincided with the collapse of Lehman Brothers Holdings Inc. that year, resulting in a boost to Asian demand just as the U.S. and European markets suffered a setback.
Auction sales indicate Asian collectors are shifting their attention away from Bordeaux first-growths toward less well- known clarets and rarer Burgundies, as well as wines from other regions. Bordeaux producers are watching the trend closely.
“Pichon-Baron is probably 20 percent to 25 percent in Asia and no more, and I’m quite happy with that sort of figure,” Seely said. “We’re not dependent on the Asian market in any way. If we were to go to 50 percent or 60 percent of our sales in Asia, which could easily happen, you would be starving your traditional market, and that would be dangerous.”
Bibendum’s Saunders agreed that Bordeaux needs to maintain the global balance of its market as it prices the 2011 vintage.
“To put all your chips on China is probably a big call,” he said. “It might be a lucrative call short-term, but they’ve got to look after their traditional markets.”

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Although wines are widely available in most Asian countries, especially in Hong Kong which has eliminated import tariff on wines altogether, the availability of fine vintage wines is still very scarce. Most wine merchants offer big names, young vintages and cheaper wines for everyday consumption. Wine lovers and connoisseurs looking for something special often travel to Clark Pampanga Philippines to do their shopping at this Wine Shop in Manila.

At Yats Wine Cellars we believe that a little bit of knowledge in wine goes a long way to developing expectations in the wines we choose to buy or drink. Without expectation, it is difficult to really enjoy wine to its fullest. With this in mind, efforts are made by Yats Wine Cellars to make it as easy and enjoyable as possible for our clients to learn more about wine.

Yats Leisure Philippines

Birthday wine gifts is one of the most popular birthday gifts to give someone living in the Philippines. Fine Vintage wine from Yats Wine Cellars is a sure winner and it does not have to cost a great deal to send someone a bottle in Philippines

To avail of wine catering service of Yats Wine Cellars, just contact this wine supplier in Manila or Angeles Clark Philippines for a meeting to design a theme for the event. The venue for a wine event can be in the privacy of a home, the convenience of an office in Manila for example or in a clubhouse of a subdivision. Wine glasses and accessories necessary for wine service are included in the wine catering service. Moreover, interesting wine notes accompany the wine to help participants enjoy the event even more by learning a little bit about wine while enjoying the party. A wine steward will be present to serve the wine.

There is also an exciting collection of white wine from Burgundy at this wine shop in Clark Pampanga such as Meursault, Chablis, Chassagne Montrachet, Puligny Montrachet, Corton-Charlemagne and St. Aubin. Red wines from Burgundy, Bordeaux and Rhone are also available with a good depth of back vintages too. Visitors buy wine in Manila and Pampanga should not miss stopping at this wine shop for a few bottles of fine vintage wines to bring home.

Things to do in Clark Pampanga and Angeles City: do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. Many people already know that one of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga.

Clark Wine Center is lauded by wine and food lovers from Manila and tourists from abroad as the best place to buy wine in Pampanga.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com

Buy wine in Ortigas, Metro Manila, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. They are also great wines to include in wine gift baskets for delivery in the Philippines. Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. The best way to learn more about wine in the Philippines is to attend public wine tasting events that have no sponsors. These wine tasting events held by Yats are non-commercial. Yats Wine Cellars does not promote a specific winery, producer or a brand. These wine tastings and wine dinners held in Manila and Pampanga are all designed to let wine lovers explore more interesting aspects of wine.
Buy wine in Ortigas, Metro Manila, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points.

Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. They are also great wines to include in wine gift baskets for delivery in the Philippines. This wine shop in Manila is also a good place to buy wines for giveaway in the Philippines.

Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. The best way to learn more about wine in the Philippines is to attend public wine tasting events that have no sponsors. These wine tasting events held by Yats are non-commercial. Yats Wine Cellars does not promote a specific winery, producer or a brand. These wine tastings and wine dinners held in Manila and Pampanga are all designed to let wine lovers explore more interesting aspects of wine.