Chateau Palmer News
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Chateau Palmer, a third-growth wine estate in Bordeaux’s Margaux district, priced its 2012 vintage at 160 euros ($210) a bottle, just 1 percent below its 2011 level, Decanter.com said.
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His ponytail tucked into a tight knot, Baptiste Guinaudeau dodges raindrops and ducks into the tiny cellar of his family’s famed property in Pomerol, Chateau Lafleur.
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A waiter is pouring generous rations of wine in the private dining salon of Chateau Margaux on the left bank of the Gironde estuary in southwestern France. Baccarat crystal schooners are filled to the brim with one of the world’s rarest liquid investments. The costly history of downing Chateau Margaux unfolds.
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Bordeaux winemakers are predicting that futures prices for the 2012 vintage will resist pressure for cuts from U.K. and U.S. buyers even as speculative demand cools.
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At 10 o’clock on a sunny Bordeaux Monday morning, tall, slim Christian Moueix places his palms prayerfully together as he intones the tale of 2011’s difficult weather in a smooth baritone.
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Karl Lagerfeld provoked both boos and cheers for his rustic sketch of Chateau Rauzan-Segla on the 2009 label of the Bordeaux estate, celebrating its 350th anniversary. The wine inside, though, is no dashed-off impression.
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Indian wine-investment guru Meenu Kohli’s mantra is don’t get high on your own supply.
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In 2010, I once again sipped thousands of wines looking for the few worth recommending. I’m happy to report I found more compelling high quality wines than ever -- especially from the 2009 vintage in Germany, Beaujolais, Bordeaux, and Burgundy -- among a sea of plonk and expensive disappointments. Here are my 10 picks of the year.
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Sotheby’s sold 1.36 million pounds ($2.19 million) of wine at a London auction yesterday in which eight of the top 10 lots were from Burgundy and all buyers of those wines were Asian, it said in an e-mail today.
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A case of Chateau Lafite-Rothschild 1986 fetched 13,225 pounds ($21,300) at a Sotheby’s auction of vintage Bordeaux in London, below highs earlier this year as the top six lots all went for less than their presale estimate.
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