Wine Dealers Warn of Lafite Price Bubble as Auctions Double on Asia Demand
Wine Dealers Warn of Lafite Price Bubble as Auctions Double on Asia Demand
Jan 5, 2011 6
Surging demand in Asia for Chateau Lafite and other prestige French wines may be causing a bubble, dealers said.The warning for 2011 comes after the three biggest wine auctioneers had final sales figures of $259.3 million for 2010, more than double 2009, according to Bloomberg calculations.
Comments