Monday, 1 November 2010

Chateau Lafite Sothebys Hong Kong auction,

If there needed to be confirmation that Chateau Lafite has become one of the most sought after wines in the World, then the auction by Sothebys last Friday in Hong Kong was truly impressive.
The auction attracted some of the keenest Chinese buyers.

In the table are some of the prices achieved at the auction courtesy of LivEX. It is staggering to think that the 2009 was only released from the Chateau 4 months ago and is now being sold at over 5 times the en primeur price. The wine is still in barrel!!
It will be interesting to see whether these prices are a 'one off', due to the publicity/promotion for the auction, or whether they sent a new level for the Chateau Lafite pricing.
Later in the auction 3 bottles of 1869 Chateau Lafite sold for HK$1.815 million each (£147K). Now I could buy a house for that price! Will the bubble burst?

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