Next week’s Sotheby’s sale will feature a collection of Moët & Chandon dating back to the First World War and Bordeaux recovered from a 19th century shipwreck.
Since their 2011 peak, Lafite and others in the Rothschild stable have dropped back to their 2010 levels, prices falling over 40% in the process.
For the first time since the financial crash of 2008, we are starting to see viable medium to long-term growth in the wine sector of the UK on-trade.
The Liv-ex Fine Wine 100 index fell slightly in October but the top moving wines were all 2009s – particularly Right Bank and affordable Left Bordeaux.
Fake wines now account for 20% of global wine sales according to unofficial industry estimates published in regional French newspaper Sud Ouest.
The trafficking of false labels of fine wine is apparently soaring on the internet as one such fraudster in Bordeaux was recently jailed for four months.
The world is facing its “deepest” wine shortage in 40 years, according to a report released this week by Morgan Stanley that has raised fears in the industry.
Six hectares of Léoville Las Cases’ vineyards have been accidentally poisoned by its neighbour Léoville Poyferré.
2013 marks a trio of difficult vintages in Bordeaux, but this year was the hardest of the past 30 years believes one château owner.
The 2005 vintage of Haut-Brion has dipped below £5,000 a case on Liv-ex, further strengthening the index’s claim it offers the best value of the first growths.
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