Lafite Raises the Roof in Hong Kong

Three bottles of Château Lafite Rothschild 1869 were sold at a whopping $232,692 each, making it the world's most expensive wine.



Published:

Recent auction results in Hong Kong suggest that Château Lafite Rothschild is pulling away from the other first growths. On October 29, a Sotheby’s sale of 2,000 bottles direct from the chateau’s cellars pulled in more than $8 million, including $233,972 each for three bottles of the 1869, believed to be a record price for a single bottle of wine. The presale estimate was a much more modest $5,156-$8,379.

Not only rare vintages sold well above their estimates at the Sotheby’s auction; two cases of the yet-to-bottled 2009 were purchased by an anonymous bidder for $68,632 each, or $5,719 per bottle. Although the price paid for the 2009 is likely to have an immediate effect on the worldwide market, Wall Streeters who haven’t yet plonked down a sizable chunk of their annual bonus needn’t panic. A recent check of wine-searcher.com showed a potential arbitrage opportunity: numerous U.S. retailers are offering the 2009 Lafite for less than $2,000 per bottle.

Related Articles

Graffiti in Label Designs

A label gets graffitied.

5 Tips for Storing Opened Wine

These are the best ways to preserve the last few glasses of your open bottle.

Napa's Unsung Whites

Though often overshadowed by the region’s big reds, Napa Valley’s top white wines shouldn’t be overlooked.

5 Spring Wines to Sip On

Our editors handpicked the perfect wines to help you mark these glorious rites of the season.

Reader Comments:
Nov 24, 2010 10:03 pm
 Posted by  wade

Yes, Chateau Lafite is doing wonders in the recent months. I have bought myself a 2009 full portfolio for my investment and so far lafite is my top performer. I have to thank my advisors too, if it weren't for them I guess I wouldn't find out about this sector or I wouldn't be commenting to this post in the first place. Here, have a look at this


http://www.wineinvestmentadvice.com/premium_liquid_assets/

Add your comment:

Subscribe

You can unsubscribe at any time. View an example of our newsletter.

>

Related Web Articles