Mouton Rothschild leads the pack with lowest market price so far

Mouton Rothschild has released its cheapest vintage onto the market with the new 2024, leading today’s en primeur releases. The 2024 vintage from Château Mouton Rothschild, which db's Bordeaux correspondent Colin Hay described as "closest to transcending the limits of the vintage", was released at €252 per bottle ex-negociant this morning. It is also available to the London trade at £3,042 per case of 12, which is around 10.5% below the next cheapest vintage, the 2021, according to Liv-ex’s data. Other estate that have seen the 2024 pitched at its lowest price on the secondary market include Pauillac's Château Clerc Milon, Château Malescot St. Exupery in Margaux, Château d'Armailhac and St Julien's Château Gloria. Château Clerc Milon also saw its lowest release price in over a decade, coming in at €45.6 per bottle ex-negociant, or available to the London trade at  and £550 per case of 12, making it 16.7% lower than the 2023's opening price and around 9.9% below the 2021  current market price. Meanwhile Château Malescot St. Exupery in Margaux released the 2024 vintage at €29 per bottle ex-negociant or for £341 per case of 12 to the London trade. This marks a 12.6% discount on the 2023's opening price, and only the 2017 is available for less on the secondary market. Château Gloria’s 2024 release is also the cheapest on the market, having been released at €20.4 per bottle ex-negociant, and available to the London trade for £241 per case of 12, around 12.4% on the 2023 opening price and just ahead of the secondary market price for the 2021 and 2020 vintages, Liv-ex said. Meanwhile, as ever, not all producers have release below the current market price for existing vintages. Chateau Coutet in Barsac for example, also out this morning, posted more modest pricing that is flat on last year’s price, at €27.6 per bottle ex-negociant, or £334 for a case of 12 to the London trade.  According to Liv-ex, this means that the 2024 will be a similar level to the current price of the 2023 vintage, and more expensive than other recent vintages in the last 13 years – in the case of the 2017, around 18.8% more so. Meanwhile yesterday saw the release of Clos Fourtet at around 11.3% less than the 2023's opening price at £612 per case of 12 to the London trade, and Château Langoa Barton, down 10.3% on last the 2023 release price – although some less expensive vintages remain available on the market.