Bordeaux wine prices to increase up to 15 per cent on back of exceptional vintage, surge in demand from China
Bordeaux wine prices to increase up to 15 per cent on back of exceptional vintage, surge in demand from China
May 8, 2011 6
THE PRICE of a bottle of the very finest Bordeaux is about to soar higher than ever, driven up by a second successive exceptional vintage - and by China's insatiable thirst for an investment.
"The chateaux are saying to themselves: 'We'd like to ask just a little bit more than last year,'" Miguel Coumau, a Bordeaux-based wine broker, said. "They reckon people are prepared to break open their piggy banks to buy their wines."
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