Carruades 2011 released on day one of Vinexpo

Carruades de Lafite was quite likely the talk of the table at last night's Commanderie de Bordeaux dinner in Hong Kong. The 2011 was released yesterday evening at €108 per bottle ex-negociant. With an opening price of £1,290 per case in London, it is around £660 cheaper than the 2010 and less than half the price of most other recent vintages. Visit the Liv-ex En Primeur Pages for the latest Bordeaux 2011 prices and scores. 

In 2004 (before Lafite became the label of choice in Asia) the average ratio of Lafite to Carruades was 5:1. But by July 2011, the rise of the First Growths' second wines had reduced this ratio to 3:1. The price relationship between the wines has changed very little in the last ten months. Nonetheless, the pricing of Carruades 2011 (£1,290) and Lafite 2011 (£5,200) is an interesting move back towards the historical average. 

Initial reports suggest that Carruades is selling through. But with the trade (and many of their Asian-based customers) preoccupied with Vinexpo this week, demand has yet to spill over onto the secondary market.