Thursday, June 23, 2011

1994 Bordeaux First Growths - a Time to Sell

If you're still waiting for these to come around, they won't.  The 1994 Bordeaux first growths peaked from 2000-2004.  Look at the 2011 auction prices and cash in.

1994 Mouton ......$350-$400
1994 Lafite..........$1008-1321
1994 Haut Brion..$300-$400
1994 Latour.........$350-$600
1994 Margaux......$300-$500

Price ranges are for the first half of 2011.  Recent prices (April, May, and June auctions) show all these wines are at or above $400/bottle.  The 5-year price charts on wine-prices.com show all of the 1994 Bordeaux first growths going vertical now, after spending the last decade at or under $200/bottle.

In 2004, I sampled all the 1994 Bordeaux first growths, and I was impressed.  Many tasted quite good, and all could be had for $125/bottle or less.  I bought about 10, from different chateaux, and waited.  As the years went by, I pulled them out proudly for guests and family.  One was austere, another was bitter, a third was closed, and a fourth was past its peak.  Seven years later, I get it; these wines are not closed.  They are amber, austere, and fruitless.  They peaked, and another decade in the cellar is not worth the wait.  At these prices, they're not worth keeping.