Wine Spectator: Latour’s Release Of Older Wines Gets Mixed ResponseApril 2, 2013
On March 19th, Bordeaux first growth Château Latour announced the release of three wines from past vintages, including Latour 1995, from the winery’s cellars. The sale is a model for how the estate will do business now that it is no longer participating in Bordeaux’s annual futures campaign. So far the response has ranged from measured enthusiasm to cold rejection, reports Wine Spectator. At least three major négociants—Duclot, Diva and Millesima—have refused their allocations.
The Médoc first-growth, owned by French businessman François Pinault, announced last April that it was abandoning the en primeur system starting with the 2012 vintage, and would only sell its wine once managers felt it was ready to drink. The March 19th release included approximately 1,000 cases of 1995 Château Latour at about $487 per bottle ex-château; it’s retailing for about $622. Latour also released allotments of second wine Les Forts de Latour 2005 and third wine Pauillac de Latour 2009. For the complete story, including reaction and comments from key negoçiants and retailers, go to WineSpectator.com.