As of this writing on May 5, only a handful of châteaux have released their 2006 prices. Most of these properties are the lesser-known, lesser-priced châteaux. The more famous ones to open are Sociando Mallet, Gruaud Larose and Chasse Spleen—each about 10% to 18% below 2005 opening prices. We need the big names to open at substantially bigger reductions than this.
Now that Mr Suckling and Mr Parker and K&L have released their reports on 2006, all of the other châteaux can open at prices they think will be attractive to buyers. With the weak dollar, we here in the U.S. are hoping for 30% to 50% price reductions for the top wines of 2006 (versus their 2005 prices). If we see these kinds of reductions, we could have a good futures campaign in 2006 Bordeaux. Meanwhile, the great 2005 Bordeaux are selling very fast and at high prices. —Clyde Beffa Jr