(Decanter) - Chateau Margaux has matched fellow First Growth Chateau Mouton Rothschild by releasing its 2012 wine at €240 ex-Bordeaux. 

This represents a drop of 33% on 2011 (although up 85% from 2008). Margaux’s second wine, Pavillon Rouge, is down 12% to €75 per bottle.

It is joined this morning by the two newly-promoted Grand Cru Classés ‘A’ in Saint Emilion, Chateau Angélus and Chateau Pavie, which both came out at €180 ex-Bordeaux, a rise of 30% and 58% respectively.

‘It was the hardest pricing decision of my career,’ Angélus owner Hubert de Bouard told Decanter.com. ‘We have to mark the occasion of our promotion, and take into account the price of Angélus on the market – the lowest is the 2007 at around €165.’

Most observers feel that the prices are optimistic at best. ‘So we won't be selling any Angelus & Pavie this year! Price doesn't make sense', European Fine Wines tweeted, one of several voices condemning the rises this morning