In an intriguing move in advance of the 2014 Bordeaux en primeur tastings at the end of this month the only First Growth that is not participating, Chateau Latour (it withdrew after the 2011 vintage), has just announced that it is to release the final stocks of the 2003 vintage still in its cellars plus their second wine, Forts de Latour, from the 2008 vintage. But the question remains, at what price ? Unsurprisingly when previous back vintage stock was released at too high a premium to the prevailing market price demand was weak so it will be interesting to see whether Latour has learnt its lesson.
On the plus side the appetite for First Growth Bordeaux has certainly picked up over the last 6 months and the 2003 Latour with a perfect 100 points from Robert Parker and ex-chateau provenance would be highly desirable in the market so may be worth a small premium over its current market price. Furthermore they only have 1,000 cases to sell which is under 10% of the original production so they will be in high demand if the price is right. As with en primeur price will once again be critical and it may well become clear that Latour will only ever be able to charge a premium for the vintages from 2012 onwards that have not yet even seen the light of day.