Lafite adds Chinese symbol on 2008 & price rises 20%

on 31/10/10 at 11:55 am

Wine

Demand for Chateau Lafite Rothschild 2008 shot up overnight yesterday, following the announcement that its bottles will be etched with the Chinese figure eight.

UK merchants are reporting selling out of the wine following the news, broken yesterday by Decanter.com, that the bottles will carry the symbol when the wine is bottled next year.

On Tuesday morning, the price of a case of Chateau Lafite Rothschild 2008 was trading at £8,500 on trading platform Liv-ex. By Wednesday lunchtime it had risen to £10,160, a rise of just under 20%.

‘It’s gone bonkers,’ said Simon Staples, sales director at London merchant Berry Bros and Rudd.

{Full story via Decanter}

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