Bordeaux 2011: Margaux, Palmer and Lynch Bages release
The Bordeaux campaign has stuttered to life again with price releases from Chateau Margaux, Chateau Palmer, Chateau Lynch Bages and some two dozen smaller properties.
The most important release yesterday was Chateau Margaux, at €360 ex-negociant, down 40%, followed by 3rd growth Chateau Palmer, at €160, down 25.6%.
Palmer, though critically acclaimed – Steven Spurrier for Decanter called the 2011 ‘first growth quality’ – has dismayed merchants by its price.
Farr Vintners’ Stephen Browett repeated his assertion that ‘there are plenty of ready-to-drink vintages of Palmer that consumers can buy cheaper than this. Although its one of the better wines of the vintage there is no demand for it at that price.’
Palmer is with most UK merchants at £1750 a case. The 2001, to which Browett had referred as ‘ready-to-drink’, is £1200.
Other merchants were similarly gloomy. One, Will Gardener, who runs the fine wine department at Midlands merchant Nickolls and Perks, said, ‘there is no point in offering [Palmer].’
While the blue chip wines – Lafite, Margaux, Pontet Canet – are selling well, even for wines with very fine pedigrees – Palmer, Lynch Bages (€69, down from €100 last year, on the market for £750) – interest is sporadic at best.
Lynch is ‘in the doldrums’, Mark Bedini, managing director of Fine & Rare said – oddly enough, because it ‘seems reasonably priced and normally sells really well. Not this time.’
Another merchant suggested they would have expected Lynch to be cheaper than Pontet Canet, for example, which is on the market for £720 a case, and is considered ‘a superstar’.
For some, the situation is exactly as they expected. Gardener said, ‘We’re doing our best, but we’re sending out an offer every couple of days rather several times a day.’
He stressed that the wines that were selling were the well-priced ‘good drinking wines, like Batailley in Pauillac at £250 a case and Labegorce (Margaux) at £175. ‘You have to take the investment side out of it.’
In Bordeaux, negociants are putting a brave face on the situation. ‘We’ve been spoiled by the last two great vintages,’ Laurent Ehrmann at negociants Barrières Frères told Decanter.com. ‘There is frustration because we’re not selling thousands of cases in a few hours. We need to look to the long term.’
An unexpected consequence this year, for one merchant at least, is the lack of traditional buyers for a vintage that has been toted as ‘a classic drinking vintage’.
Bedini said, ‘We’re finding that our traditional buyers are staying out on the whole, which means new entrants are doing most of the buying. They are more focused on the first growths than other wines.’
Even in a previously rock-solid market – the French supermarkets – ennui seems to have set in.
Ludovic Paternotte, wine buyer for Groupe Casino, which owns a clutch of major retailers including Casino, Géant and Monoprix and buys 200m bottles a year, said Bordeaux made up 50% of his purchasing until a few years ago, but he now finds better value in Languedoc and Rhone.
‘Even for the French supermarkets, the price drops have largely not been enough. The Bordelais seem to forget that France remains their largest market.’
http://www.decanter.com/bordeaux-2011/en-primeur-coverage/529971/bordeaux-2011-margaux-palmer-and-lynch-bages-release
As Clark becomes a popular holiday and vacation destination for Manila residents as well as tourists from nearby Asian cities, Clearwater Resort welcomes more and more guests to enjoy its outdoor facilities where family bonding takes place frequently. This is one of the good hotels in Pampanga that Manila residents choose to spend their holidays and vacations simply to relax and unwind away from the stress of living and working in a city like Manila. Clearwater appears frequently on the top of a list of the best hotels in Pampanga. This hotel in Clark is regarded by many Manila residents to be one of the best resorts in Pampanga for family bonding, retreats, vacation and holidays. This hotel in Clark is also a favorite holiday destination near Manila during Holy Week, Easter, Christmas and New Year holidays.
Clark is gradually becoming famous for its dining scene. World-class fine dining restaurants, cozy family resto bars and pubs as well as comfortable wine bars are available in Angeles City Clark Pampanga. Wine shops like Clark Wine Center offers exciting shopping for wine lovers coming to buy wine in Clark Freeport.
Tourists and local residents visiting Clark Pampanga for vacation, leisure or business can contact Hotel Clark Philippines for information and assistance in booking accommodation and dining needs. Traffic flow of Angeles City Clark Philippines can be very seasonal, typical busy months being February through June, then the November and December. Hotel rooms are far less than Manila so advanced bookings are strongly recommended. Because Clark and Angeles Pampanga are conveniently accessible through the North Luzon Expressway, weather does not affect this city as much the others in Philippines. Subic is linked to Clark via the ScTex. Clark has its own international airport called DMIA.
Even tourists and business travelers staying in hotels in Philippines Angeles City take time off from nightlife, bars and other city entertainment to enjoy a relaxing day in leisure at famous beach resort in Clark Freeport Pampanga. Many visitors also come to Clark to play golf in one of the best golf courses in Pampanga. Pampanga is home to some of the finest golf courses outside of Manila.
Clark is fast gaining the reputation from frequent travelers as a highly recommended tourist destination as well as a wonderful location and vacation spots for residents of Manila and Subic.
Families are also looking for places near Manila with white sand beaches in convenient location easily accessible from Manila. Many travelers look to the north for places to swim and relax with children and friends
For inquiries and bookings, Please click here to contact Clearwater Resort for inquiries and reservations now
Clearwater Resort and Country Club, Clark Pampanga
Creekside Road near Centennial Expo,
Clark Freeport, Pampanga Philippines 2023
(045) 889-5151 0917-520-4403 0922-870-5177
Joanne or Jeremy or Loydha
Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines
After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on the right just 200m down.
http://www.ClearwaterPhilippines.com
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
Email: Inquiry@ClearwaterPhilippines.com
Please click here to contact Clearwater Resort to reserve a venue for your upcoming event now
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. 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
While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.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.HotelClarkPhilippines.com
http://www.ClarkPhilippines.com
http://www.YatsWineCellars.com
For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com
Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669 ask for Loydha
0915-542-6250 (Jeramie)
Leave a Reply
Want to join the discussion?Feel free to contribute!