Cheval Banc '17 Priced 22% Below 2016 Release Level, Liv-ex Says

Chateau Cheval Blanc, one of the top four estates in the Saint Emilion region of Bordeaux, priced its 2017 vintage at 432 euros ($503) a bottle ex-Bordeaux negociant, down 22 percent from the 2016 release price of 552 euros, according to London-based online wine market Liv-ex.

Cheval Blanc was one of the top estates most hit by a cold snap that hit the region in late April last year, the worst frost in Bordeaux vineyards for a quarter century.