Latour Takes on Lafite in China Sales, Shipwrecked Champagne
Latour Takes on Lafite in China Sales, Shipwrecked Champagne
May 16, 2011 6
(Bloomberg) - Can Chateau Latour catch Chateau Lafite? We’ll find out on May 27, when vintages from Latour’s cellar in Bordeaux spanning almost 150 years go on sale at Christie’s International in Hong Kong.
Wines resting in the perfect storage conditions of a chateau’s cellar command a serious premium. That was part of the story behind the mindboggling prices at Sotheby’s Hong Kong Lafite sale last autumn -- a case of 1982 sold for $132,594, or $11,050 a bottle, double the average current price.
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