Yesterday the UK trade were treated to a tasting of Bordeaux 2014 at a UGC event in London. The early consensus is that 2014 is a “good” vintage, but that it is perhaps still not showing at its best.
The wines are yet to be released in bottle, but prices have already been rising. Top wines from the vintage are up 13.4% on average since release En Primeur – and many have made even steeper climbs.
The top risers are shown in the table below. Three second wines feature, with Petit Mouton 2014 taking the top spot. Its Grand Vin, Mouton Rothschild 2014, is the only First Growth among the top ten.
A number of wines have bucked the upward trend and are currently available below their release prices. Yquem 2014 – down 9.7% since its release last month – has fallen the most. This is despite favourable reviews: Neal Martin commented: “It’s not quite up there in the rarefied heights of say, the 2001 or 2009, but it is what we call in the trade, ‘the business’.”
The 2014s will become physically available over the next few months and will be fresh in the minds of the trade. This could be a vintage to watch closely.
This is an extended version of an update sent to Liv-ex members earlier today.