New releases, opportunities and recession busters
Posted on 06/02/12, filed under News | No CommentsThis quarter is a hectic time in our calendar year as we are clearing stocks , buying new vintages and making way for the 2009s from Bordeaux, Burgundy, Rhone and beyond. Simultaneously, we are fighting for allocations of one of smallest stellar vintages ever from Burgundy 2010 and some splendid Rhones from the same year.
As the 2009 Bordeaux crus roll into the bond some of their values have tumbled this last year, alongside the initially overpriced 2010s. Now that some prices are down by as much as 40% in the last eighteen months, we feel that this is 'the time' to buy, especially first growths and super seconds. With Lafite 2010 down from £13500 to £8900, Mouton 09 from £8800 to £7200, and Pavillon Rouge 09 down from £1950 to £1250, to name just a few examples. The Liv-ex fine wine index is showing some signs that prices are stabilizing with a few rises.
As the US economy emerges from a long hibernation with small growth and rising employment, confidence should spread and world markets will respond. Watch this space as prices will quickly bounce back where quality is concerned. Certainly we at L'Assemblage are not doing the recession this year but positively riding on these opportunities and picking up good deals to pass on at fair prices.
If you have any surplus wines to sell from your cellar, whether they are in bonded storage or not, please ask us for a quote. We will pay at least auction hammer prices for good condition stock or sell on at an agreed broking basis.
Champagne sales are expected to rise in this Olympic year, which is another reason the Champenois are raising their prices banking on the demand. Grape costs have risen, which they claim is the main reason for the price hike . We have good stocks of back vintages as well as a fine selection of English sparkling wines from local award winning producer, Nyetimber. This is in our opinion the closest alternative to vintage Champagne.
Whether you are looking for famous prestige brands or good honest quaffers, we have some for all, starting with our own branded Occitan Merlot and Syrah from the Languedoc region. These are full winter warming, plummy reds at recession buster prices. A perfect time to launch such good value house wines. Enjoy!