Pre tasting reports are very positive, many rating the vintage very good to excellent. Coe’s buying team, Junior Vianna MW and David Allen MW, will be in Bordeaux this week to assess the vintage first hand and select the wines we aim to offer.
Renewed interest from US buyers, continuing Far Eastern demand the and the small crop size seem set to produce a tumotuous campaign with producers rationing allocations making price escalation probable with the possibility that prices will exceed 2009 levels.
For those considering a first step into Bordeaux en primeur we have prepared a brief guide below, but if you need any guidance we are happy to explain any part of the process, please call us +44 (0) 20 8418 2824 or email firstname.lastname@example.org
What is en-primeur?
This is the term used by the Bordelais for the first release (primeur) of the latest vintage. The wines are still in barrels at the chateaux and are sold as futures for delivery in the Spring/Summer of 2013
Why buy en-primeur?
The primary advantage in buying wines early is to secure sought after wines, traditionally this has also meant getting the wines at a good price.
What are the risks?
There is a risk paying in advance for any goods unseen or tasted. You should therefore make sure that you are buying from a company that is financially stable and has an established record in wine and the en primeur market. Coe Vintners is a leading UK wine and spirit merchant with over 80 years’ experience of buying and shipping fine wines.
Our en primeur prices are tax free and include shipping to the UK. If you choose to receive your wines duty paid we will invoice you for duty, VAT and any delivery charges due at the respective prevailing rates at the time of shipping.
Receiving the wines
Wines will be shipped from the chateaux in Bordeaux from March 2013. At that point we will contact you for your instructions – you have the choice to take delivery (at which point duty and VAT will be charged at 2013 prevailing rates) or transfer the wines to a storage account under bond. We are happy to explain any part of the process, please call us if you need any help.
What do you need to do if you wish to purchase en-primeur
We will be sending out offers, and updating our website daily, but the best approach is to let us know what you want in advance, so download our wish-list from our website and send us a copy, so we know what we need to be looking for! You can also follow us on twitter @coefinewine – there’s a feed on this page.
When do you need to act
The timing of the campaign is largely determined by the producers who seem likely to wait until influential American wine critic Robert Parker releases his scores at the end of April, we are working on the basis that the campaign is likely to be wrapped up in time for the Bordelais to enjoy Vinexpo in the penultimate week of June, the sooner you can let us know which wines you might be looking for the better….
We will post again as soon as our MWs Junior and David start tasting on Monday 4th April 2011.