There’s lots of freshness, structure and grippy fruit evident in the wines of St Julien now they are in bottle. 2011 doesn’t have the excitement of the two glorious vintages that preceded it. In fact it’s a bit of a freezing cold shower by comparison. What we seem to have are elegant, tightly structured reds that should work out OK in the mid-term but there is certainly a lot of grip and acid present in most of the wines just now. Perhaps more than any other appellation, save for Pauillac, [notes up next], these wines demand time in the cellar [though not too much time mind]. In five to eight years they should make reasonable medium weight wines though many will still be introspective and lean.

The clues were there. Fewer big gun proprietors stood behind the tables at this year’s Union des Grands Crus de Bordeaux tasting. Some château regulars to Covent Garden were missing completely. And the braying roar of excitement from the trade that accompanied the 2009 and 2010 in-bottle tastings was missing here, replaced by a low, gentle, pinstriped murmur, ‘What on earth are we going to do with this vintage?’ I’m exaggerating a little because there were some good Bordeaux reds from 2011 on offer at the tasting, though relatively few set the pulse really racing. The real joy in this vintage is amongst the whites, particularly the sweet wines of Sauternes and Barsac, and the dry whites from Pessac-Léognan, though that’s not much consolation for a region mostly concerned with red wine production.

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.

St Julien didn’t quite knock me out in 2010 as it did in 2009 but then that was an amazing, atypical year. And that doesn’t mean that this isn’t a great vintage here or that the quality is uneven. The appellation remains the benchmark for homogeneity. Great wines have been produced at Chateau  Léoville-Las-Cases and Chateau Léoville Poyferré, both terrific are. Chateau Gruaud Larose is also looking wonderful in 2010, as good, but different from 2009 in fact. Chateau St Pierre also looks strong very strong. Still there is a lot of grip here, even the best wines, so fresh was the acidity and considerable the tannin in this fascinating vintage.