What to make of 2022?
There are different perspectives of looking at the Year 2022. Wine enthusiasts who are well stocked could be smiling as they expect further price hike after seeing the biggest jump for years in 2021, with Champagnes leading the way registering an average 35% increase YOY. Those low in inventory may feel nervous as they see prices continue up-trending.
We are thinking of it being the tenth anniversary of the 2012 vintage. It is also customary for wine critics to do another round of thorough tasting across the board to assess how the wines have evolved as many are beginning to become more mature. For Bordeaux (actually most wine regions across the entire Europe too), 2012 did not initially sound a promising vintage because of the appalling weather in the growing season. Yield from the vines were low and maturity uneven. Many said it to be a real test for the vintners. Indeed when tastings were done from barrel samples in Spring of 2013, sentiments were not overwhelmingly good. Estates therefore set prices at a relatively modest level.
It is interesting however to see most of the Bordeaux reds had actually turned out good, often improved in the subsequent few years and we offer here the ratings by Robert Parker as examples: