China’s Wine Thirst Turns Up The Heat On Bordeaux Futures
Posted on September 16, 2010 at 01:50 AM EDT
Booming demand from emerging economies–especially China– in addition to near-perfect weather in western France, is sending prices of Bordeaux soaring 28% within a one-month time. WSJ reported that Château Lafite Rothschild’s 2009 Bordeaux began its advance sales in early July at $18,000 a case. They were sold out in four days and the same case [...]