Lafite Slide Crimps Sales 25%, China Turning to Burgundy
Lafite Slide Crimps Sales 25%, China Turning to Burgundy
Jul 3, 2012 6
(BusinessWeek) - Wine sales at the world’s five biggest auction houses fell by a quarter to about $160 million in the first six months of 2012 as lower prices for top growers combined with investor caution sparked by the economic slump.
A decline in prices for top vintages of Chateau Lafite- Rothschild since the start of this year contributed to the drop as demand from Chinese investors focused more on Burgundy.
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