“Château Pontet-Canet kicked off en primer—the sale of wine futures—for the 2019 vintage on May 28, releasing it at €58 (US$65.60) a bottle, from the negociant (Bordeaux merchant)—a 31% discount from 2018, according to London-based Liv-ex, a global marketplace for the wine trade.
That release set the tone, with many top producers following suit. Château Mouton Rothschild, for instance, offered its wines at a nearly 31% discount to 2018 prices at €282 per bottle, ex-negociant, a similar price cut to that offered by Château Palmer, at €161 a bottle, Liv-ex said.”
