Bordeaux 2016 Price Increases Accelerate as Wines Go on Sale
- Pavie, Angelus boost prices 17% above 2015 vintage level
- Palmer, Lynch-Bages prices rise 14%, according to Liv-ex data
Young vines sprout in the vineyard at Chateau Marquis d'Alesme in Margaux, France, on Thursday, April 14, 2016. Bordeaux has been a male bastion for centuries, but in the past decade a group of very 21st century women has been shaking up this boy's club.
Photographer: Marlene Awaad/BloombergThe pace of price increases for the Bordeaux 2016 vintage picked up this month, with Chateau Pavie and Chateau Angelus in Saint Emilion rising 17 percent from 2015 and Chateau Palmer and Chateau Lynch-Bages in the Medoc gaining 14 percent, Liv-ex data shows.
The increases underscore the view of producers and critics at recent tastings that the vintage is potentially the best for six years. August was 5 degrees Celsius hotter and 30 percent sunnier than normal, according to a University of Bordeaux study. The first 13 days of September were the hottest since 1950.