Untitled-1

Futures

En Primeur Wines

WHAT ARE WINE FUTURES

Under the name of Futures are identified certain fine wines, typical of the Bordeaux area, which can be purchased well in advance of when they are ready to be drunk. At a certain time of year, around April, the wine is tasted by wine experts directly from the barrels while it is still maturing and the ageing in barrels of the Bordeaux cuvées then continues for about two years.

The wineries then give the opportunity to buy the wine in the spring following the harvest, and then bottle it and make it physically available after 18-24 months, when the so-called élevage in casks is completed.

It is the Château themselves who decide when to release their labels by communicating this very early to the sales network, which then has to be ready. Another important variable is the price, which changes every year depending on certain factors such as the quality of the vintage or the volumes produced.

There is great anticipation among wine enthusiasts and collectors around this moment: besides often selling out in a very short time, buying an En Primeur wine today means a real investment for the future in terms of resale of the same wines that multiply their value over time and when ready.

Created more than 200 years ago by English merchants who were passionate about the wines of Bordeaux, En Primeur sales have also been open to private individuals for some 40 years now.

It is a history full of twists and turns, in which several times there was a risk of not having access to Bordeaux wines as we know them now. It must be remembered that 1900 was not benevolent towards French vineyards.

First, the invasion of the phylloxera, which had already begun the previous century, decimated French vineyards, and then spread throughout Europe. Only grafting on American vine roots, which were immune to the pest, saved traditional European viticulture from the precipice.

En primeur

After the war saw many vineyards in a state of neglect. Then, in the 1970s, many historic château families were forced to sell to cope with the economic crisis.

Thus, from a trade reserved for wine merchants, wineries decided in the 1980s to open their doors to the general public as well.

This system financed the château, and allowed it to invest in innovation in the vineyard and cellar, leading Bordeaux to be one of the most technologically and agronomically advanced wine regions in the world today.

En primeur