date:May 13, 2014
t for 2013 was 11% and the median 10 percent, according to Liv-ex data.
Davis said that the price cut was about 7% on average for the 40 top estates he tracks on both sides of river, while for a basket of 38 growers tracked by Liv-ex, the average decline was about 6%.
While growers have been able to sell their wines to merchants, most have not sold through beyond that to end-buyers, with the exception of a couple of estates including Chateau Lynch-Bages and Chateau LEglise-Clinet, Davis said.