Château Latour sidesteps futures
Frederic Engerer, president of Bordeaux first-growth Château Latour, announced in a letter to negociants last Friday that the 2011 will be the last vintage of the château’s grand vin offered as futures during en primeur. Instead, the château will release bottles only when wines are ready to drunk.
This raises plenty of questions: How will Engerer decide when the wines are ready to drink? How much more will the wines cost? And also, will other first growths feel compelled to follow suit?