The 2016 Bordeaux vintage will be remembered as one of the great years of the 21st Century. I have not been so excited about the prospects of such young wines since the remarkable back-to-back 2009 and 2010 vintages. At that time China was at the zenith of its extraordinary fine wine ascendency where the very top estates, particularly Chateau Lafite, had become a baksheesh currency. Every man and his dog, with a connection with government, curried favour or accepted gifts with Grand Cru Bordeaux, particularly First Growths. During this extraordinary time, the prices of Bordeaux started to move up at a more rapid speed than Sydney Real Estate. When we were filming Red Obsession in 2011 the Bordeaux wine market had become a classic bubble, even though the main actors still believed otherwise. Self-entitlement and denial always go hand in hand. Nonetheless, it has taken five years for the market to reset itself. Bordeaux is more confident again. Even interest from China has grown again. The market is now around 280 million Euros annually, which illustrates the resilience, power and track record of Grand Cru Classé Bordeaux wines.”
1m 8d ago
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