First growth claret remains the most searched for group of wines by merchants in the UK, France, Hong Kong, China and Belgium Liv-ex has said.
As currency fluctuates and stock markets struggle to hold their nerve in the wake of ‘Brexit’, fine wine is gliding on apparently quite unconcerned.
Lafite, Cheval Blanc, Ausone and l’Evangile have effectively brought this year’s campaign to an end with their releases over the last few days.
US auction house Hart Davis Hart is celebrating its May sale which brought in US$5.9 million thanks to demand for Bordeaux, Champagne and cult Napa Cab.
Helped by first growth trade, the Fine Wine 100 index gained a further 1% in April, the fifth consecutive monthly rise.
Absentee bidding for a number of “unique Bordeaux experiences”, including lunches at estates such as Lafite and Petrus, is due to close this Monday before a live sale in New York.
It was Lafite rather than Pétrus or Domaine de la Romanée-Conti, that topped Sotheby’s latest London sale.
The Liv-ex Fine Wine 100 recorded its biggest rise this March since February 2013, up just under 3%.
Sotheby’s is to hold a three-day sale in New York this May featuring some 20,000 bottles from the cellar of billionaire US collector and anti-fraud campaigner, Bill Koch.
The fine wine auction scene is certainly heating up, especially at Sotheby’s. Here, we take you through last year’s biggest selling labels at the famous auction house.
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