Fine wine datapoints: Lafite price falls, DRC rises, HK-NYC spreads remain
Checking in with the fine wine market, a few datapoints:
* Lafite-Rothschild still commands large dollar amounts, but the bloom may be coming off the rose. Liv-Ex chronicles recent softness in Lafite prices. Perhaps the Asian buyers are no longer willing to pay exorbitant premiums to other Bordeaux wines. Of note, a case of 1961 La Mission Haut Brion just sold for US$59,000 in Hong Kong last weekend.
* Interest in Burgundy appears to be increasing. DRC just hit new highs in London and New York.
* But spreads remain across venues with Hong Kong buyers paying on aver 48% more for DRC than in New York. As a reminder, shipping a case shipping a case of wine from NY to HK costs less than $50.
On March 2nd, 2012 at 8:55 am ,Robert Parker's 100-point wines from Bordeaux 2009--all 16 of them | Dr Vino's wine blog wrote:
[…] maximum) or lower in the case of Lafite-Rothschild, which had been coveted by Asian auction bidders before slowing but is not on the list of those receiving perfect scores. Or if it will elicit as much of a yawn […]