Lafite 2008 value halves as fine wine prices fall
Lafite 2008 value halves as fine wine prices fall
Jan 5, 2012 6
(Decanter) - According to the fine wine exchange Liv-ex, prices of the 100 top-traded wines, of which 95% are Bordeaux, fell by an average 22.5% between June and December last year.
This was the most precipitous fall since the beginning of the recession nearly four years ago. In a shorter time period, August to December 2008, the Liv-ex 100 fell by 22%.
It is top Bordeaux that is falling fastest, Liv-ex director Justin Gibbs told Decanter.com.
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