Skip to Content

bordeaux

Bugatti Preparing 3 New Concepts to Replace the Veyron

Filed under: Wheels



The Bugatti Veyron is a tough act to follow. It packs over 1000 horsepower, can hit speeds in excess of 250 miles per hour and costs over a million euros. The trouble is, with 250 out of 300 already built and no more special editions on the way, the Veyron is reaching the end of its production cycle. That means the top-shelf Volkswagen subsidiary has got to make a new model, and to make sure it gets it right, reports indicate that the company will display three individual new concept cars to gauge public opinion in order to determine what form it should take.

One of the concepts is dubbed Bordeaux, a four-door ultra-luxury high-performance sedan, expected to debut in the near future as the company rounds out its centenary celebrations. What the other two are, however, remains to be seen. Some speculate on a two-door GT or an evolution of the Veyron formula. In any event, the Veyron's successor will most likely carry its 8-liter quadruple-turbocharged sixteen-cylinder engine, which cost the company big bucks to develop and would be a shame to waste at the end of the Veyron's run. Beyond that, your guess is as good as ours. But you can bet it'll be expensive, exclusive and very fast indeed.

French Winery Tests The Market With Huge List Price

Filed under: Wine


The French wine world is buzzing with the news of the listing of Chateau de Malle in Sauternes for an incredible 68 million euros. Decanter reports that the chateau appeared anonymously in the Financial Times last Saturday. The listing, by estate agency Maxwell Storrie Baynes, does not name the property and says that it "will furnish complete details upon the customary signing of confidentiality agreements." But the magic words "praised by the wine press including critics such as Robert Parker" helped wine watchers narrow it down. Decanter quotes an agent in the area who was apparently gobsmacked by the price calling it "completely crazy" taking into account the fact that aspiring winemakers often want properties in the marquee territories like St Emilion, Pomerol and cru classe Medoc rather than Sauternes.

China's Bordeaux Auction A Big Success

Filed under: Wine, Auctions


If you've got vintage wine to sell your best customers just might be a half a world away. Xinhua reveals in Beijing an auction of fine French wine did very well this week. The auction sold around 1,000 bottles of Bordeaux from famous chateaux ranging from Lafite to Margaux and Mouton. The wines were shipped directly from chateaux in France and are currently stored in Hong Kong. Around 94 percent of all bottles listed were sold with the bulk of the buyers planning to sample them themselves rather than sell or cellar them for investment purposes.

The wines were chosen by French wine expert Claude Maratier and all were given more than 90 points by Robert Parker. After the auction, Maratier told Xinhua that he was "very satisfied" with the result. Given that Bordeaux first growth Chateau Lafite is working on a vineyard in China, the Chinese may be soon producing greater quality wine but for now, their growing appetite for fine wine is Bordeaux's blessing.

Chateau Cheval Blanc Goes For Broke With Wallet-Busting Prices

Filed under: Wine


Is the time when everyone is dropping prices the moment you should raise yours? The team behind the Chateau Cheval Blanc 2008 seems to think so. Decanter reports that the wine has gone on sale for around £3,500 a case far above the First Growths. Even the always-pricey Lafite Rothschild is hovering around the £2000 mark. The other Bordeaux have also been out a while, so basically Cheval Blanc released at double the price of the top wines. Admittedly, the Chateau Cheval Blanc is one of the best "brand names" in French wine and it did get 97 points from Robert Parker. Still, the price seems extreme. The Decanter article suggests that pricing the wine high was a way to position it as a super-luxury product on par with Ausone or Petrus. This seems to imply that the luxury wine consumer is thinking with his wallet and not his palate. Is raising the price the only way to let the public know that a chateau has a good vintage on its hands?

Robert Parker's Words About The 2008 Vintage Lift Prices

Filed under: Wine

The sudden rise in the price of Chateau Lafite 2008 proves that wine critic Robert Parker's influence remains strong. Parker gave the 2008 high marks in the Wine Advocate newsletter saying that it compares favorably to both the 2005 and the 2000. Almost immediately the price jumped. Decanter reports that according to Liv-ex, Chateau Lafite was trading at £2000 per case but jumped to £3,500 after Parker's words (it later went back down to around £3000).

Many people have said that while the 2008 is better than was expected, it's not extraordinary. Parker's enthusiastic endorsing of the vintage has wine sellers concerned afraid the chateaux may raise their prices because of Parker's endorsement. Such a move could prove risky in this fragile wine market. And as always when discussing Parker many wonder if one man should have so much power.

Chateau Mouton Rothschild Available For Half Price

Filed under: Wine

chateau mouton rothschildThe 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.

Chateau Latour Slashes Prices On 2008 Vintage

Filed under: Wine

chateau latourLast 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.

First 2008 Bordeaux Comes In Low

Filed under: Wine

chateau angelus
The first price on a 2008 vintage Bordeaux has been released and as predicted, it's much cheaper than the 2007. Decanter reports that Chateau Angelus, one of the top wines of St Emilion will sell at 50 euros a bottle which is 40 percent lower than last year's price for the 2007. The announcement comes weeks ahead of schedule. The price is the same as the 2004 vintage which Hubert de Bouard has said is the 'natural' en primeur price.

The new price means that buyers may be getting a better vintage for less money than last year's offering, a fact that doesn't sit well with many in the industry. De Bouard says that linking one vintage with another isn't a great idea and feels he is doing what is necessary to attract customers. But he's also being fairly cautious. As Bordeaux Wine News mentions, he's only making 50 percent of his 2008 production available for sale on the futures market as opposed to putting up nearly all of it as he has done in the past few years. The wines are still undergoing aging and won't be delivered to buyers until 2010. Should the economic climate have changed by then, he's still got half his stock to bargain with.

Chateau Lafite Heads To China

Filed under: Wine

chateau lafiteChina has been buying into the Bordeaux region of France for a while but the opposite move is also taking place. Decanter reports that Bordeaux first growth Chateau Lafite is working on a vineyard in China. Chateau Lafite has a very high reputation on China and has partnered with CITIC, China's largest state-owned investment company on over 60 acres of vines on the peninsula of Penglai in Shandong province. The Penglai peninsula is on its easternmost tip of the province and wine companies there already produce Cabernet Sauvignon, Merlot and Cabernet Franc. Some say the region is China's Bordeaux. A website for the region promotes the fact that it is located at north latitude 37º along with Bordeaux and Napa Valley.

Interest in wine in China has risen dramatically over the past few years and with its large population and spending power that interest is only expected to increase. The presence of Domaines Barons de Rothschild, Chateau Lafite's parent company, in Penglai adds tremendous clout to the wine growing region and will garner worldwide interest similar to what happened when Domaines Barons de Rothschild made its first forays into South American vineyards.

A Bordeaux Chateau, Estate of the Day

Filed under: Estates


I don't know a lot about this property so we'll have to let the pictures do the talking. This 18th and 19th Century chateau in France's Bordeaux region has close to 7,000 square feet of living space and is on a five acre park. it has more than nine bedrooms and many large rooms including what appears to be a ballroom with a herringbone wood floor. Stone fireplaces, original wood and plaster details add to the charm. The listing suggests it could be converted into a hotel or restaurant. It is listed at €2,422,000 (around $3.43 million).

Will Anyone Still Want New Bordeaux?

Filed under: Wine

bordeaux tasting
Bordeaux's great wines have been considered unassailable but that may be coming to an end. The economic downturn combined with peak prices for prized vintages like the 2005 Bordeaux and the grim forecast for the 2008 vintage may mean that the Bordeaux boom could go bust. Said to be hardest hit are the negociants, the middle men between the wine chateaux and the wine retailers. The negociants are finding it harder to sell wine and some have, according to an article in Decanter, been calling banks to get lines of credit.

The devaluing of Bordeaux could have huge consequences. Many wine investment funds will see their value drop since the great houses of Bordeaux are the blue chips of the wine world. Reuters reports that the value of Vintage Wine Fund, which invests heavily in Bordeaux wine, fell 33% last year. Also many of the biggest collectors of Bordeaux have been bankers and others involved in the finance industry. Like luxury brands, the names of the top chateaux are shorthand for a certain level both of spending power and taste. As the London Times reports the bankers weren't just drinking the wine, they were trading it as well. The London International Vinters Exchange (Liv-ex) rose a whopping 183 percent between 1998 and its peak last year. But between June and December the Liv-ex index was down 22 percent and could continue to fall despite a small bump up last month. There have also been rumors of wine chateaux up for sale including even the legendary Chateau Latour.

Crushpad Takes Make-Your-Own Wine Concept To Bordeaux

Filed under: Wine

bordeuax wine
Crushpad, the California company that lets you make and bottle your own wine, may be opening a branch in Bordeaux. Michael Brill, the founder of Crushpad, was in Bordeaux last week checking out the vineyards. He has met with producers and consultants with an aim to be able to offer Bordeaux grapes for winemaking through Crushpad either this year or in 2010. Decanter reports that all labels would be AOC Bordeaux rather than labeled with a specific appellation. This could be a boon for some lower-tier French growers who have struggled lately and gives Crushpad the chance to trade on the status of the Bordeaux name.

Crushpad currently charges $5,700 to $10,900 per barrel for grapes sourced from California, Washington and Oregon with each barrel yielding around 300 bottles.

Chteau Latour, Yours for $200 Million

Filed under: Wine

Fabled Bordeaux brand Château Latour, widely regarded as one of the finest wines from the Medoc region, is being offered for sale by top-drawer investment bank Lazard Freres, the London Times reports. French business tycoon and president of the luxury-goods group PPR, François Pinault, is seeking $200 million - $280 million for it, the paper reports.

Pinault, whose holdings include Christie's (also rumored to be for sale), Gucci and Puma, piad about $150 million for Latour in 1993. Bernard Magrez, owner of the rival Pape Clément winery, is said to be a strong contender, perhaps with backing from his and friend fellow wine aficionado Gérard Depardieu.

The Château Latour estate consists of 190 acres of Bordeaux vineyards, but only grapes from the 115 acres that surround the actual chateau at the heart of the estate are used to make the Grand Vin de Château Latour (right). A case of the 1961 vintage fetched an impressive $170,000 at auction by Christie's in Hong Kong last month.

French Newspapers Damn 2008 Bordeaux With Faint Praise

Filed under: Wine


It's not looking good for the 2008 Bordeaux. Decanter reports that France's two main newspapers, Le Monde and Le Figaro have panned the 2008 vintage. They say that the recent poor weather has affected the harvest. Le Figaro said that the 2008 wine 'promised neither quality nor quantity' while Le Monde said that readers 'should not expect answers [from winemakers] when all the conditions that go in to making a great vintage do not come together.' The harvest has been very difficult all over the region running weeks behind schedule due to increased rain. The news comes at a time when conflicting Bordeaux stories are in the media. On the one hand, the 2005 Bordeaux is said to be phenomenal, but things after that aren't so rosy. Vintners are threatening to boycott producers over the cost of the 2006 vintage and the emperor of wine, Robert Parker had limited kind words for the 2007 vintage.

2005 Bordeaux Keeps Looking Better

Filed under: Wine

Poor growing seasons over the past three years, combined with what so many oenophiles claimed was an exceptional year for wine, the 2005 Bordeaux look better and better.

And according to Financial Times wine expert Jancis Robinson, the 2005s are good at both ends of the price spectrum. Robinson calls these wines "by far the greatest bordeaux vintage I have been lucky enough to taste." At a recent London tasting, the favorite first growth was the Chateau Margeaux. Chateau Haut-Brion and Latour followed closely behind.


Join Luxist on Facebook!

Featured Galleries

Langham Yangtze Shanghai
Robb Report Limited Edition Series
Celebrity Pilots
Penthouse West
Barry Sternlicht in Greenwich
Stella McCartney for GAP Kids
Catherine Malandrino for Cointreau
Georgica Manor
Save The Children Auction