Palmer releases at €210 per bottle ex-Bordeaux
Bordeaux 2015 prices continue to rise as Château Palmer released with an ex-Bordeaux figure of €210 per bottle.
Palmer 2015 prices
This is 31% up on 2014 price of €160 and is being offered on the market close to its 2010, 2009 and 2005 prices.
It follows a Sotheby’s Hong Kong auction last month when a barrel of the 2015 en primeur was sold for six times estimate at HK$3.06 million, working out at close to €1,000 per bottle.
The buyer will have his name on the back label of each bottle and get to enjoy a dinner at Château Palmer with director Thomas Duroux.
‘When you can get £10,800 for a case with a château dinner thrown in, I suppose £2,200 per case en primeur feels rather modest in comparison,’ Nick Martin of Wine Owners told decanter.com.
‘For the actual en primeur release, Palmer 2015 is 99% downside. A great way to tie your money up and lose the opportunity cost of doing something sensible with the same cash’
Also: More Bordeaux 2015 price rises as campaign heats up
Paul Marus at Corney & Barrow said, ‘At least Palmer is honest about its intention to hold stock back, finance it and release at a later date, Latour-style, but in my eyes many of the other properties are also using this business model while not being totally transparent about it.
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