Bordeaux Breaks the Bank: Are Chinese Aficionados Fueling a Wine Bubble?
Bordeaux Breaks the Bank: Are Chinese Aficionados Fueling a Wine Bubble?
Jun 14, 2011 6
Asian millionaires' thirst for the best Bordeaux wines has sent prices skyrocketing, and the most prestigious Châteaux have been turning astronomical profits as a result.
At a May 17 auction in Hong Kong, new Chinese millionaires were fighting over the few wines that Château Latour — which was rated as First Growth under the 1885 Bordeaux Classification — brought out of its wine cellars.
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