A case of 2003 Chateau Latour, a Bordeaux first-growth wine estate, sold for 7,350 pounds ($11,190) on Liv-ex, marking a 5 percent gain from this year’s February low while remaining within its 2013 trading range.
A case of Chateau Latour 2010 traded for 10,994 pounds ($16,700) on the London-based Liv-ex wine market this week, its highest level for 16 months and part of a broader recovery by top Bordeaux wines, while Chateau Mouton- Rothschild 1998 reached an eight-month high.
A case of Chateau Latour a Pomerol 1961 from the cellar of the Bordeaux estate’s former owner Lily Lacoste-Loubat fetched 103,400 pounds ($167,100) at a Sotheby’s sale for charity, more than double the low estimate.
Mature vintages dating back to the 1990s from top Bordeaux estates are among wines offering the best opportunities for gains after a three-year market slump, according to a manager at The Wine Investment Fund.
Three cases of 2002 Chateau Latour, a first-growth wine estate in the Pauillac district, sold for 3,250 pounds ($5,445) each, the lowest level in four years and another sign that buyers are more interested in older Bordeaux.