Chateau Pontet-Canet, a leading fifth-growth wine estate in the Pauillac appellation north of Bordeaux, put its 2019 vintage on sale at almost one-third less than the starting price for its 2018 wines as the Bordeaux 2019 wine futures campaign got under way, according to Hart Davis Hart Wine Co. in Chicago.
The wine, comprising 65% Cabernet Sauvignon, 30% Merlot, 3% Cabernet Franc and 2% Petit Verdot, was offered for sale by HDH at $480 per 6 bottles, according to an email from the company. It said earliest anticipated arrival is the fall of 2022.
Pontet-Canet, owned by the Tesseron family, released its 2019 wine at 58 euros ($64) per bottle ex-negociant in Bordeaux, down 31% from its 2018 release price of 84 euros, according to a post on the Liv-ex Twitter feed. The wine was being offered by the international trade at 732 pounds ($902) per 12-bottle case, down 29.5% on the 2018 release price of 1,038 pounds a case, according to the Liv-ex blog on cellar-watch.com.
Pontet-Canet has about 81 hectares (200 acres) planted to vines on its 120-hectare estate, which lies a couple of kilometers north-west of the town of Pauillac and neighboring the vineyards of Chateau Mouton-Rothschild. The estate, which dates back to 1705, was acquired by the Tesseron family in 1975, according to its website pontet-canet.com, and the average age of its vines is more than 40 years.