Showing posts with label 2008 Bordeaux. Show all posts
Showing posts with label 2008 Bordeaux. Show all posts

My 2008 Futures Buy Recommendations (Updated Again)

As promised, although belated, I am posting my recommended 2008 futures based on my past tasting history of these chateaux, as well as my conversations with and reading of industry experts/publications. For full disclosure, I have purchased all of these myself, and I stand to make no gain whatsoever for recommending them.

To begin, I would say that Pomerol and to some extent St. Emilion are the two areas to concentrate on while buying 2008 futures. The reasons are simple. Small vineyards and production, together with draconian selections in 2008 (at least the better wines), and the fact that Diageo has decided not to buy 2008 mean that the shortest supply will be in Pomerol and to a lesser extent St. Emilion. Here are my picks:

- Clinet
- La Conseillante
- Vieux Chateau Certan
- Gazin
- La Fleur Petrus
- Clos Fourtet
- Beausejour Duffau
- Figeac
- Larcis Ducasse
- Fleur de Gay

The ones I am still keeping my eyes peeled for are:

- Latour a Pomerol
- Belair Monange (formerly Belair Dubois Challon)
- Magdelaine

On the left bank, there is less urgency to dive into futures, simply because the production numbers are so much bigger. That said, I think there are some nice buys to be had:

- Calon Segur
- Duhart Milon
- Grand Puy Lacoste
- Leoville Poyferre
- Lynch Bages
- Pichon Lalande
- Rauzan Segla
- Gruaud Larose
- Montrose

As I've said before, exercise caution when buying futures by buying only from reputable merchants with long track records of reliable and timely delivery. I personally also believe that merchants with brick and mortar operations that have a loyal local following are a more conservative choice than internet merchants at this juncture in history.

Either way, enjoy this futures campaign and don't let the cognoscenti on some of the internet bulletin boards scare you off from buying futures.

A Sante.

SP

More on 2008 Bordeaux Futures/En Primeurs

Yesterday, the Bordeaux savior, Mr. Parker, released an unexpectedly positive report on 2008 Bordeaux, saying that Pomerol is effectively better this year overall than any vintage in recent memory save maybe 1998. Yes, better than 2005, 2001, and 2000. That's high praise. St. Emilion did reportedly well, too, and of course the left bank seems to have delivered a very good performance as well, although apparently not at the heights of Pomerol.

What I found interesting about the report were the following points.

1) As you know, I don't really trust RPs tasting notes and scores because he typically prefers bigger, fatter, and sweeter wines than I do. That said, his notes and scores seem to correlate closely to Neal Martin's, although Martin scored much more conservatively.

2) Parker mentioned that 2008 is a year with higher acids than in recent vintages. That means that I am far more likely to like 2008 Bordeaux than I thought. The higher acidity should help the wines have a reasonable shot at being long-lived and not tun out as fat fruit bombs.

3) Another interesting comment was that of very long time from flowering of the vines to harvest. A month ago, that would not have meant much to me, but my recent encounter with Clive Coates changed that. Clive said that what makes Burgundy so special is the extremely long time between flowering and harvest, giving the wine more complexity. If I apply Clive's logic to 2008 Bordeaux, then I would have to believe that the long time from flowering to harvest will potentially make the 2008s more complex at maturity than their counterparts from 2005 and other excellent vintages.

4) RP said it was cooler and sunnier than usual during the growing season, which gets me excited because cooler weather makes it less likely that the wines will turn out overly alcoholic and hot. Not to say that some chateaux did not push the ripeness envelope...you know some will...but overall, it would have been more difficult in 2008 to overcook the wines. That's a good thing.

Of course, now with lofty scores bestowed on a number of wines, I can only reiterate what I've said a few days ago. If you're a collector and drinker of Bordeaux, this is the time to lock in prices, especially for Pomerol and St. Emilion wines as they are produced in such small quantities. I know everyone says that the economy is bad and that one can pick the wines up for less in 2 years when they arrive on shelves. I don't believe that. Between scores, exchange rates, and the posssible recovery of the stock market (not necessarily the economy), I can't see prices for these wines going down. On the left bank with large production, I don't see the need to jump on anything but the very most sought after wines.

As far as merchants are concerned, I have decided after doing my homework, that I will buy all my futures (and I'm not a big buyer by any means) from K&L and the Wine Exchange. Although any merchant can go belly-up in the next two years, I believe that brick and mortar operations that do a significant amount of business in-store, and that have most of their inventory in-stock are the best choice for these times. Do your own research and make your own decision, but this is mine.

I'll be reporting my list of buys for this vintage shortly. I still think there are lots of terrific deals out there to be had, although the new releases from here on out are likely not going to be nearly as attractive, but we will see.

If you have any questions, please feel free to post a comment or email me.