It has been one month since Liv-ex reported on the first flurry of 2015 Petits Chateaux releases. At that point, price increases on the previous year were sitting at around 9% in Euro terms. For Sterling buyers, this equated to increases of approximately 19%.
Since then, the increases have increased with the entrances of several bigger names. These are shown in the table below.
Anecdotal evidence suggests that interest in the campaign has been mixed. Wines such as Giscours and Pontet Canet are reported to have found buyers. In the secondary market, Pape Clement 2015 is the only new release to have seen any activity so far. Instead, buyers have been seeking value in the back vintages.
With Vinexpo Hong Kong taking the spotlight this week, the pace of En Primeur releases has slowed considerably. After this interval, the floodgates are expected to re-open. Whether the uneven success of releases so far will guide the future of the campaign is yet to be seen.