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.
Treasury Wine Estates Ltd., the Australian maker of A$785-a-bottle ($686) Penfolds Grange, said first-half earnings fell as China’s crackdown on official gift giving curbed demand for premium vintages. The shares slumped by a record.
Spending an afternoon in a Sonoma Valley vineyard sipping from a heavenly $450 bottle of Verite 2007 La Joie is hard to beat. Shelling out a tenth of that for something just as memorable is even better.
Twelve bottles from the 2004 vintage of Tuscan estate Ornellaia sold on Liv-ex in London for a record 1,660 pounds ($2,670) this month as investors diversified away from Bordeaux into regions such as northern Italy and the Rhone.