Very interesting developments from Chateau Lafite Rothschild. Their wine has been at the forefront of speculation and investment from the emerging fine wine drinking markets of China and Asia. This has pushed the prices significantly higher for their undoubtedly excellent First Growth wine from Pauillac. I have certainly noticed many Chinese people gawking at the gates of Chateau Lafite Rothschild when I visit the Chateau to taste the wine as part of www.bellawinetours.com
The Rothschilds have recently invested in a 25 hectare vineyard project on the Penglai peninsula in Shandong province of China. This area 800 km south of Shanghai could be very interesting for future wines.
The latest devolopment from Chateau Lafite Rothschild is to feature the Chinese figure 8 on their 2008 wine. This has immediately shaken the fine wine market, as earlier this week there was an incredible 10% rise in the price in one day. The bubble of fine wine has certainly not burst.....yet!
There is also an interesting article here in Decanter Magazine.
