Bordeaux 2023 market analysis: Subdued reaction to Cos d’Estournel’s 38% cut

St-Estèphe second growth, Château Cos d’Estournel was the big draw among today’s releases but reaction to the offers feels muted.
The estate cut its 2023 release price by 38.7% against its 2022 offer. Despite the deep discount, several commentators picked out buying opportunities among the its back vintages, and one merchant said, ‘we won’t be endorsing it’.
Margaux third growth, Château d’Issan cut its price by 27% and there were smaller cu