Filed under: Wine
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.