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.
Petrus wines spanning more than half a century and dating back to 1945 go on sale at a Sotheby’s auction in London this week along with historic Pomerol from the 1920s and Burgundies including Echezeaux 1978 Jayer.
Inside One Equity Partners are as many as eight Olympians and even more of their world- or Olympic gold medals, said managing partner Dick Cashin, who competed internationally as a rower and now hires former college athletes while recommending others do the same.
A case of 2006 Chateau Mouton- Rothschild, a Medoc first-growth wine estate, sold for 3,715 pounds ($5,930) on the Liv-ex market in the past week, near a seven-month low amid weakening demand for top Bordeaux vintages.
A case of 2008 wine from Chateau Pontet-Canet, a Pauillac estate north of Bordeaux, sold for 580 pounds ($926) on the Liv-ex market in London last week, near a three-year low amid weakening demand for top Bordeaux labels.
The Liv-ex Fine Wine 50 benchmark is lagging the wider Bordeaux 500 index of wines from the region so far this year after posting its second consecutive quarterly decline amid lack of demand for the 2012 vintage.
Nineteen bottles of Musigny Vieilles Vignes Comte de Vogue Burgundy back to 1949 took top slot at an Acker Merrall & Condit sale in New York, beating Petrus 2005 and La Tache 1988 Domaine de la Romanee-Conti into second place.