Sixty bottles of 2009 Chateau Lafite Rothschild, a Medoc first-growth wine, sold below the vintage’s previous record low of 6,600 pounds ($11,030) in the past month as demand for top Bordeaux wines remained subdued.
French billionaire Francois Pinault, owner of Bordeaux first-growth wine estate Chateau Latour on the left bank of the Gironde estuary, is buying a stake in three vineyards on the right bank, Sud Ouest said.
Chateau Les Carmes Haut-Brion, a wine producer owned by real-estate company Pichet in the Pessac-Leognan region of Bordeaux, started construction of a winery designed by architect Philippe Starck, Agence France-Presse said.
Twelve bottles of 2008 Chateau La Mission Haut-Brion, a Pessac-Leognan vineyard in Bordeaux’s southern suburbs, sold for a record low 1,160 pounds ($1,940) on Liv-ex amid price declines for recent top Bordeaux vintages.
The 2001 vintage of Chateau Margaux, a Medoc first-growth wine estate, fell to a 14-month low of 2,900 pounds ($4,850) a case on Liv-ex yesterday as the London- based market’s Fine Wine 50 Index extended its decline.
A case of 1995 Chateau Mouton Rothschild, a Medoc first-growth wine estate, sold for 3,250 pounds ($5,400) on Liv-ex in the past week, consolidating an 18- month rally amid signs of demand for older Bordeaux vintages.
Burgundy 2012 wines are being priced 10 percent to 30 percent or more above comparable 2011 vintages because of lower yields after spring frosts and summer hailstorms, according to winemakers and U.K. importers.
Bordeaux-based VINIV has teamed up with London merchant Berry Bros. & Rudd to attract more clients to blend their own wine from grapes harvested around the French region under supervision from local winemakers.
Twelve bottles of Chateau Haut-Brion 2005, a first-growth Bordeaux, sold for 4,100 pounds ($6,830) on Liv-ex this week, its lowest price since 2006 as demand for recent vintages from top estates remained restrained.
Bordeaux first-growth wines fell to 18 percent of trade by value on the London-based Liv-ex wine market at the end of last month from 66 percent at the peak of the market, according to Liv-ex’s Cellar Watch report.