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Sunday, June 08, 2008

Wine News : To buy or not to buy Bordeaux 2007s

Recent articles in the Edge Singapore magazine have given the 2007s quite a beating.
[Credits : both written by Kelvin Tan]
And unsurpisingly too, months of May and June spun out the flowering with failure for the grapes to develop. June continued to be overcast and grey, and evolved into a dull, drizzly July, and, to cap it all, a cool, showery second half of August stretched the grapes’ resistance to the limit. Mildew and rot was prevalent.

I would compare the 2007s to the 1997s exactly a decade before, where rain in May and late June caused rot. Instead of the 2002s and 2004s which the wine world would attempt to associate with, to justify the unjustified high prices.
Remember that the 2007s come after the extraordinary 2005s, which soaked up much of the liquidity demand for investment type vintages.

And also the credit crunch and rising food, oil and commodity prices will dampen the enthusiasm for 2007 En Primeur wines. Indeed, the 2006 En Primeur campaign was a pale comparison to the 2005. I would recommend to divert the budget for buying 2007s to picking distressed and depressed 2005s when the impending US recession starts (which some say already started) .

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