Château Mouton Rothschild has overtaken fellow first growth Lafite as the most searched for wine on Liv-ex.
Sotheby’s Hong Kong October auction features two single-owner sales estimated at over HK$36 million and described by the auction house as a “tempting treasure trove full of allure and promise.”
Château Lafite’s price premium versus its fellow first growths is continuing to fall with Mouton Rothschild and Haut-Brion catching up.
With Lafite’s 2010 vintage now over 50% below its release price, is now the time to buy?
This year’s en primeur campaign has been hailed a success by several Hong Kong-based wine merchants, with many Asian consumers having changed their buying habits to reflect personal consumption.
Sotheby’s en primeur campaign was a sterling success according to the auction house, with sales up 90% on 2013.
Following Robert Parker’s in-bottle scores of the 2012 Bordeaux vintage some of the wines, including Haut-Brion, have seen substantial price increases.
The Liv-ex Fine Wine 100 index ran flat in May with Bordeaux first growths accounting for the majority of wines that went up – and down over the course of the month.
The end of the 2014 campaign is in sight after a flurry of late releases and only Montrose remains unreleased among the big-name estates.
Merchants have reacted with a distinct lack of enthusiasm to Pontet-Canet’s release and don’t have many warm words for Lafite’s first tranche policy either.
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