Bordeaux 2009 vintage 'to hit record prices' thanks to Chinese demand

By   2010-12-21 16:52:07

Prices for Bordeaux 2009 vintage wine are set to top those from the last classic year of 2005 thanks to demand from wealthy Chinese buyers and speculators, experts have said.

Bordeaux wines
Prices straight from the producer for wine that has not yet been bottled have already reached 1,000 euros (£840) per bottle for exceptionally fine wines Photo: ALAMY

Prices straight from the producer for wine that has not yet been bottled have already reached 1,000 euros (£840) per bottle for exceptionally fine wines, according to the Bordeaux Wine and Spirit Brokers Association.

Francois Leveque from the association said the explosion in prices was due to speculators and Chinese buyers.

The 2005 vintage broke records, but that of 2009 is already coming in at 20-30 per cent more expensive, and sometimes more.

Georges Haushalter, from the Bordeaux Wine Merchants Association, said: "The supply of the best Grands Crus is limited, but demand is greater because of both the exceptional vintage and also the arrival of the Chinese onto the market."

Buyers from China are particularly interested in the most well-known estates from Medoc, Saint-Emilion, Sauternes and Pessac-Leognan and do not want to miss out on an historic vintage, he said.


From telegraph.co.uk
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