Chateau Mouton Rothschild Available For Half Price
The prices for Bordeaux keep commanding the news this week because they are lower than they have been for a while. Chateau Mouton Rothschild released its 2008 vintage at 100 euros, the lowest so far of the first growths (Chateau Latour was released at 110 euros). The new price is half the price of the 2007 which was 26 percent lower than the 2006.The wine chateaux are all releasing at low prices to help keep the market functioning. The strategy of low prices seems to be attracting attention after years of inflated prices. Decanter reports that Chateau Leoville Barton has already sold 85 percent of its production after releasing its Bordeaux at a price of 23 euros per bottle this morning down from last year's 27 euros. Chateau Gruaud Larose released the whole of its 2008 production today, at 19.50 euros down from last year's 24 euros.
Some wineries are reducing the amount of discounted wine they are making available as Chateau Angelus did, making just enough available to whet appetites until fortunes change.
