A case of 1999 Chateau Latour, a first-growth wine estate in Bordeaux’s Pauillac district, sold for 3,457 pounds ($5,750) on Liv-ex this week, its lowest level for more than three years amid weakening Bordeaux demand.
Twelve bottles of 2008 Chateau La Mission Haut-Brion, a Pessac-Leognan vineyard in Bordeaux’s southern suburbs, sold for a record low 1,160 pounds ($1,940) on Liv-ex amid price declines for recent top Bordeaux vintages.
A case of 1995 Chateau Mouton Rothschild, a Medoc first-growth wine estate, sold for 3,250 pounds ($5,400) on Liv-ex in the past week, consolidating an 18- month rally amid signs of demand for older Bordeaux vintages.
Twelve bottles of Chateau Haut-Brion 2005, a first-growth Bordeaux, sold for 4,100 pounds ($6,830) on Liv-ex this week, its lowest price since 2006 as demand for recent vintages from top estates remained restrained.
A case of 2009 Chateau Cos d’Estournel, a second-growth Saint-Estephe estate, fetched 2,000 pounds ($3,280) on Liv-ex, falling back to the three-year low set in December and January amid declining Bordeaux demand.
Harry Dean Canady will learn next month whether he’ll spend the rest of his life in prison for cheating taxpayers of more than $1 million and threatening to kill the U.S. agents who brought him to justice.
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.