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.
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.
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.