Chateau Latour Slashes Prices On 2008 Vintage
Last week we saw the first 2008 Bordeaux, Chateau Angelus released at a price that was 40 percent off the 2007 vintage prices. Now Decanter reports that the prestigious Chateau Latour has quickly followed suit releasing their 2008 at a price of 110 euros which is nearly half the price of the 2007. The 2007 exit price from the Bordeaux negociants was 240 euros and this year's exit price should be 130 euros which equates to a 45 percent drop. The vintage seems to be shaping up nicely. There were earlier concerns but Decanter's consultant editor, famed wine expert Steven Spurrier said "the precision and depth of Latour was amazing," after the en primeur barrel tastings two weeks ago. It is hoped that the price cuts could pump some real excitement back into Bordeaux this season after years of inflated pricing.
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