The tail end of August has offered more reasons for fine wine followers to be cheerful as the value of bids on Liv-ex topped £1 million.
The Liv-ex Fine Wine 100 declined for the sixteenth straight month in July but it was the slightest monthly drop since December last year.
Although Lafite no longer commands the share of trade it used to there are vintages that are still attracting buyers’ interest.
Liv-ex considered a statement made by Robert Parker 10 years ago about first growth pricing and has found him to be largely correct.
DBR Lafite managing director Christopher Salin described the first wine from its Chinese vineyard as “not bad, not yet good”.
Lafite’s premium over its fellow first growths is narrowing as poor performing vintages start to make their way into its Liv-ex sub-index.
An original wood case of Chateau Lafite Rothschild 1982 was the top selling item at Zachys’ New York Spring auction this week selling for $41,650.
Tesco is slashing the prices of first growth Bordeaux and other fine wines in a major sale starting tonight.
American buyers were out in force at Sotheby’s New York sale this week, in an auction that made US$1.4 million and was dominated by Bordeaux.
The Antique Wine Company has issued a further statement defending the authenticity of a number of wines now claimed to be fakes.
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