London | Some of Bordeaux’s top winemakers have slashed prices for their latest vintage of yet-to-be-bottled wines by more than 30 per cent in a further blow to a centuries-old market as wealthy investors step back from fine wine purchases.
A poor quality harvest last year due to heavy rainfall and cooler temperatures, a large amount of higher quality bottled wine already available on the market and a lack of interest among younger collectors have all made this year’s so-called en primeur campaign a particularly tough one for the French region’s producers.
