A case of Romanee-Conti 1988 Domaine de la Romanee-Conti Burgundy fetched 81,900 pounds ($128,000) at a Christie’s International Plc wine sale in London this month as Chateau Petrus and Chateau Latour led the bidding for Bordeaux.
Gold and wine prices that tracked each other in the past decade amid demand for alternative assets are now diverging after bullion slumped into a bear market as some investors lost faith in the metal as a store of value.
Eleven lots of 1982 Bordeaux wines, including eight cases of Chateau Latour and three double magnums of Chateau Petrus, are estimated to fetch as much as 12,000 pounds ($18,600) each at a Sotheby’s sale in London this month.
A case of Chateau Petrus 1982 Pomerol fetched the top price at a Christie’s International Plc wine auction in London earlier this month, selling for 35,100 pounds ($54,500) including fees, according to the auction house.
Chinese human-rights activist Chen Guangcheng, whose case overshadowed high-level U.S.-China talks earlier this month, left Beijing for the U.S. with his wife and two children, headed for Newark, New Jersey.
Blind Chinese activist Chen Guangcheng should receive a passport by May 21 that would allow him to leave for the U.S., according to Bob Fu, a Texas-based Christian aid worker who is in daily touch with him.