New Whine: China Pushes Bordeaux Prices Higher

on 16/09/10 at 5:20 am

Wine

In early July, Hart Davis Hart Wine Co. began advance sales of Château Lafite Rothschild’s 2009 Bordeaux at $18,000 a case.

Within four days, the Chicago-based retailer and auction house had sold out. But its supplier’s price had risen, and Hart Davis Hart now sells the 12-bottle cases for future delivery at $23,000—about $1,900 a bottle.

“That is much more expensive than we have ever seen in a previous futures campaign,” says Ben Nelson, president of Hart Davis Hart Wine.

{Full story via Wall St. Journal}

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