As eye-popping offers come out for the 2005 first growths, you might like to know the following background information on how precisely they were offered to the trade. Stephen Browett of Farr Vintners supplies the following inside information:
As you know, the first growths operate a tranche system (except Mouton) so the price that the negociants pay for the first tranche is fairly irrelevant to what the trade and ultimately the consumer actually have to pay for the wine.
Here are the details:
Mouton – only one release. Everyone was offered 70% of what they...