Vintage wine can reward investors with bottle
TWO bottles of Chateau Lafite Rothschild 1955 and a case of Chateau Latour 1966 were among historic Bordeaux vintages on sale with wines from Burgundy and Italy at a Bonhams San Francisco auction over the weekend.
The two Lafite bottles were part of a mixed seven-bottle lot from the estate, which carried a top estimate of $15,000 (€11,300) and also included four of its 1982 vintage and one from 1988.
The auction came as the Liv-ex Fine Wine 50 Index of top Bordeaux vintages has risen 4pc this year, with declines since mid-March following a gain of 8pc in the first 10 weeks of the year.
Demand at auctions has been driven by older Burgundy vintages.
"While Bordeaux struggles to inspire the market, other regions are thriving," Liv-ex wrote on its market blog. "Relative values look vastly different to the market's peak two years ago."