A case of La Tache 1990 Domaine de la Romanee Conti Burgundy goes on sale at a Sotheby’s London auction next month along with historic Bordeaux wines, including a single bottle of Chateau Cheval Blanc 1947 from Saint-Emilion.
Even with the smallest grape harvest since 1991 in Bordeaux, France’s biggest wine-exporting region, producers of the most-prestigious bottles will see prices fall as buyers shift to cheaper alternatives.
A case of Chateau Petrus 1998, one of the two most expensive estates in Bordeaux, sold for a record 27,000 pounds ($41,500) on Liv-ex as investors sought rare older vintages even as demand in the broader wine market cooled.
Six bottles of 2002 Chateau Petrus, one of the two most expensive wine estates in Bordeaux, sold for 7,200 pounds ($10,970) on the Liv-ex market, a record high for the vintage and up 11 percent from the start of this year.
Thirty bottles of the 2010 wine of Chateau L’Evangile, in the Pomerol region of Bordeaux, sold for 1,700 pounds ($2,750) a case on London’s Liv-ex this week, the lowest level since it started trading in June 2011.
Three double-magnums of Chateau Petrus 1990 and a bottle of the same Bordeaux producer’s 1947 vintage set records at an Acker Merrall & Condit auction in Hong Kong, where the top lot was 1988 Romanee-Conti Burgundy.
Can’t tell a Monet from a Van Gogh? Christie’s International’s China staff can help. Mixing a pricey Chateau Petrus or Chardonnay with Sprite? Sommeliers at Shanghai wine retailer Sarment will explain why not.
A case of Chateau Petrus 1971 Pomerol and two of Chateau Lafite-Rothschild ’82 are among top Bordeaux on sale at Bonhams in London in September, along with Romanee-Conti Burgundy and wines from Italian grower Sassicaia.