a. The 2012 growing season saw poor weather in SW France, and many of the lesser chateaux made poor wines. However, early scores for the better wines (First and Second Growths, and some others) are surprisingly high (such as 95-98 for Lafite).
b. Wealthy Chinese businesspeople and people in government there are under pressure to stop spending a lot for wine at business and government functions. Whereas, a few years ago, they would drink several Lafites at a business lunch (!), now they buy at that level occasionally or not at all, and are asking their wine brokers to find them good wines for $6-$20 (which is a space I have worked hard to develop, for my own customers).
There are some (relatively) good values in 2012 Bordeaux. I'll search for them and offer some, as the price is not likely to go any lower in this improving economy.
Read the Spectator article here.
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