There’s some variation in Margaux 2010 as you’d expect from this diverse commune, though there is greater consistency here than in some years. It’s a large appellation with a great variety of terroirs and winemaking styles and this, as ever, accounts for these differences. The density, tannin and grip of 2010 are very present here in almost all the wines. Some lack the fruit to match the density [or is it that match the winemaking?] but others have produced very good, serious, intense wines, which look long-term bets. There’s not as much joy in the best as there was in 2009 but you’d really need to see the wines sat side-by-side to gauge precisely. I guess I could think of other appellations that I’d stock up with first in 2010, but that’s not to say that there are not wines to seek out here in Margaux.

I’m a Margaux lover but this appellation is utterly frustrating in 2011.The wines of merit are outnumbered by the disappointing here by a margin of almost 2 to 1. What’s gone so wrong? It was a challenging year of course but so it was for everyone else. Margaux, as one of the largest blue chip appellations, has a far wider variety of soils and terroirs than say Pauillac or St Julien, so this probably accounts for some of the irregularity. The drought conditions through the first half of the season, followed by topsy-turvy weather, cool summer but with a huge heat spike, would have also caused more problems in the vineyards here than elsewhere. This would have been especially the case on the lighter, gravelly soils that Margaux is famous for. So we’re talking about dealing with grapes with an unusual degree of irregularity in ripeness. Sorting in the vineyard, selection in the winery all would have been essential, even at those estates that had managed this tricky growing season well.

There is more variation here among the wines than in the other appellations reflecting, as usual, the different terroirs and winemaking approaches. It seemed that the wines were also suffering more from bottle shock than the other Medoc appellations. If you’re looking for quintessential Margaux perfume and the benchmark elegance and poise the appellation is famed for, look no further than Chateaux Brane Cantenac and Chateau du Tertre which both look terrific.

So we have a week to collect ourselves during Vinexpo, Bordeaux’s wine trade fair that runs this week, to assess just where we are with the controversial release prices of the 2010 Bordeaux vintage. If you thought prices for 2009 were a bit heady then so far the prices of some 2010s have been eye-watering. In certain notable cases prices are up 40% year on year and that on top of similar increases last year. You wonder why Bank of England chief Mervyn King is losing sleep about the UK’s paltry 4.5% inflation rate. Small beer Merv, get with it. Bordeaux’s up ten times as much.