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.
We Brits still hold onto our ancient links with the southwest of France, but things haven’t always been plain sailing.
A ‘fine wine investor’ has been banned from directing any company for nine years after his business folded with debts of £10 million due to “colossal mismanagement”.
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.
Auction house Christie’s is offering a Champagne masterclass with Veuve Clicquot’s Dominique Demarville as part of its education series.
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 annual charity auction at the Hospices de Beaune in Burgundy this November will be one of the smallest in years – but the wines show promise.
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.
Wine doesn’t sell itself – especially Bordeaux right now – so it’s time to see some customers.
The 2009 vintages of Lafite and Latour find themselves in very different places four years after their release, with a 30% gap in pricing now separating the two.
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