As we usually do this time of year, we like to offer up a buyer’s perspective for the coming months. It’s something we do not only as passionate wine drinkers but, well, it’s our business to know this stuff. After all there is only so much money, manpower and space, so allocating those things and anticipating needs ahead of time is one of the reasons we have been around as long as we have. Sure, we still wake up every day with that sense of wonder about what exciting new things might roll in the door. But, for the reasons we have mentioned, things are not as ‘free form’ as they sometimes might appear.
As we look at what we can expect to see in 2018, we are struck by the breadth and depth of what will hit the market. There have been few times we can recall in our three-decades-plus where so many areas had spectacular harvests that were here or due to arrive in the next twelve months. For a lot of you, it’s about one or two of your favorite wine regions but for us it is almost overwhelming because we deal in everything. It would literally be easier to talk about the parts of the wine world that weren’t successful, but we can’t really think of that many.
In recent memory, there certainly hasn’t been a buying window like this since the 2010s from France and Italy (and later Spain) rolled out some 5-6 years ago. Even then, while vintages in California were certainly solid, they weren’t necessarily what most aficionados would call ‘classic’ in today’s terms. This time around there was definitely a broader participation in the success by, well, almost every place. In short, if you can’t find something to drink this year, you probably don’t like wine very much. That said, here are what we see as the highlights.
USA: We can’t recall a string of vintages (2014, 2015, 2016) this successful up and down the coast. California, Oregon, and Washington are rolling out one hit after another. If these are your muse, your ship has definitely arrived…it’s actually been here for a little while and isn’t going anywhere anytime soon. The ‘issues’, if there are any, have nothing to do with the grapes. It is more about pricing. The market is flush with great $40-60 single-vineyard Pinots and nearly everything outside of broad commercial labels that says Napa on it is $50 (and up). The beauty is that, with so much quality juice, there will be some ‘trickling down’ and it should be good times for value shoppers.
As a matter of fact, we are hoping this is a banner year for Pinot as wineries dial back the single vineyard stuff that doesn’t seem to have as enthusiastic a market as 5-6 years ago and put better juice in the ‘entry level’ bottlings. Here’s hoping anyway. Zins, Syrahs, et. al. are all delivering and, as we have pointed out in the past, a great vintage elevates all wines great and small. Rising tide lifting all boats etc etc… The burning question for a lot of folks (OK maybe like 6) is whether Merlot is ‘back’. As far as we can tell from our experiences, not quite yet.
ITALY: Italy is kinds of a mixed bag because the 2014 vintage was difficult in Piedmont (except for Barbaresco!) and Tuscany. So there’s a need to be more specific. The 2015s from these regions that are emerging now are quite delicious and the ‘bigger fish’ that come out later (mostly from Tuscany this year) are definitely important. The whites from the northeast in 2016 are exciting as well.
FRANCE: What has come out of France over the last year, and will over the next is downright gaudy. We’ll start with Burgundy. The 2015s are still out there, though depleted. You want to grab whatever you can of this remarkably sexy vintage, with the only restriction being the ‘freight’. Yes the big dogs are very expensive, but this is a vintage to look for modestly priced appellations from good sources as it’s the sleepers that will surprise with a little bottle time. The 2016s are fine, but not 2015s, and will be scarce. Same goes for Beaujolais.
With the Rhone, there are no bad choices between 2015 and 2016, only degrees. The 2015s from the north are special in a way that few vintages have been, so take the opportunity to give a good home not only to Cote Rotie and Hermitage, but Cornas, Crozes, and St. Joseph. There’s a sexy edge and freshness to these wines that rarely happens even in the best years. As good as the southern Rhones were in 2015, 2016 looks to be one of the best vintages we have ever tasted. They possess both grace and power, and we’ll be surprised if the ‘final numbers’ aren’t epic.
Bordeaux is on a bit of a run after the ‘dark times’ of 2011 and 2013. You’ve got the friendly, juicy, well-priced 2014s and the even richer and well-stuffed 2015s. Red Bordeaux is on a roll and hopefully the ‘big boys’ have learned a lesson after their price excesses with some of the past vintages. If not, Bordeaux is still a big place with literally hundreds of good producers. There will be plenty to consider, with the potential to create a foundation for a great Bordeaux cellar moving forward.
SOUTH AMERICA: We said last year that South America was the rising star with the highest trajectory. More of the same this year as all of the research, quality surge, etc. bears fruit. It’s looking rosy for Argentina and Chile from a wine perspective. In Chile, Pinot Noir in particular will keep surprising as vineyards mature and vintners develop more familiarity with the cooler, ocean-influenced valleys inland from the coast. As for Argentina, there may well come a day where Cabernet Franc is considered their ‘great grape’.
SPAIN: As we have learned over the years, Spain always bears watching, though the staggered way in which the various bodegas release their wines and the different levels of wine that are made (particularly in the case of Rioja) make it hard to issue any kind of sweeping statement. As a ‘heads up’, there should be a number of wines coming from a 2015 vintage that was as successful in Spain as everywhere else in Europe. Also, there should be a number of Gran Reservas emerging from the epic 2010 vintage. Good times.
OTHER: Yeah we didn’t cover all the categories. Briefly, with so many of the big time genres performing so successfully, we don’t expect the media will have a lot of time and space for a lot of the others. Buy 2015 Germans whenever you can. Australia’s return to significance in this market is still in the concept stages except for the occasional screamimg ‘delta’ (95 points and $15, crickey!), South Africa has a lot of exciting things going on but zero momentum here, and except for the occasional stunning Assyrtiko, Greece’s learning curve is still somewhat daunting for most folks (Malagouzia for all my friends). Because the categories they ‘know’ are so chock full of goodies, a lot of folks won’t even look at the more esoteric selections.
This would be an opportune time for someone who was starting a cellar. There are great choices in nearly every ‘important’ category (Bordeaux, Burgundy, Rhone, Tuscany, etc.) and plenty of potential superstars to highlight a selection that is of generally exceptional quality. The only thing that would make 2018 better is if the market coughs up some of the insane deals we saw last year. That remains to be seen. But, no matter what, there will be plenty of thrilling juice to be had.
For our part we are going to keep doing what we do with a special eye towards pricing. For all of the great wines we bring your way, there are a good number that we don’t simply based on what we feel is excessive, ego-driven pricing. ‘Rarity’ alone does not justify some of the crazy fares we see. We could name a few names, but that really isn’t the point. We’ll simply continue to filter out those kinds of offers, and show you the best deals and the best wines we can get our mitts on when all of the important criteria are met. Happy New Year, it promises to be a good one.