Three cases of 1998 Chateau Pavie, a wine estate promoted in the 2012 Saint-Emilion classification, climbed to 1,945 pounds ($3,150) in the past week on Liv-ex, its highest level this year and within 5 percent of its record.
The 2013 vintage started with the swimming stage: exceptional rainfall in May and June drowned the vineyard, postponed the budburst, the flowering and the growth cycle of the vine. Most of the older Merlots were hit with coulure and millerandage. The first buds appeared around the 1st of April 2013, about a fortnight later than normal at Haut-Bailly. This late budburst was followed by a cold and rainy spring which delayed flowering one more month, and hindered fruit set.
One harvest every six years, I think, deserves a little comment, especially when the crop is the most useful single volume on wine ever published. I am a child of the second edition of The World Atlas of Wine (my copy treasured to this day).
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The three Chinese characters on the label read "Sunrise", "Golden" and "Chateau”. Two Chinese temple lions also take the place of their classic chateaux statues. "That says it all," says Christian Seely, managing director of AXA Millesimes, whose portfolio includes a number of top wine properties in France.
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