In a clear sign of strength for Bordeaux wine in the auction market, thirsty collectors, (Mostly from Asia) stunned the market by snapping up bottle after bottle of wines offered directly from the cellars of Chateau Latour. Provenance is key with older bottles. This helped propel the prices to new levels. All the bottles offered in the auction carries a unique “Prooftag” traceability and authentication seal. The wines will carry a special back label inscribed, ‘This bottle was released directly from the cellar Chateau Latour in April 2011 specifically for Christie’s auction in Hong Kong on May 27th 2011″. 392 seperate lots were offered and accordintg to Christies, all 392 lots were sold.
Even though Latour set new records their wines, prices realized failed to reach the same levels hit by Chateau Lafite Rothschild in an October 2010 sale held in Hong Kong. While older bottles earned record prices, younger vintages did not fare as well, 2009, 2005 and 2000 all were sold at a slight discount to current prices. This is healthy as it indicated collectors are aware of current values and conditions and are not willing to overpay at auctions.
The next questions are; what will the sales results mean for the other First Growths? Will it cause them to rise in price as well, and does that mean the Second Growths will follow suit, albeit at a slower pace? Lafite has slowed down a bit after months of steadily rising in price. Is Lafite set to escalate in price again?
The question many consumers and merchants are truly concerned with is, what will this mean for 2010 Bordeaux futures pricing?
As for prices on 2010 Bordeaux futures, we’ll know soon enough. Numerous wines are expected to start being offered in early June. The First Growths might not be offered for sale until after Vinexpo. June is going to be a busy month for Bordeaux wine merchants and consumers seeking to buy Bordeaux wine.
UPGRADE YOUR COLLECTION LIKE NEVER BEFORE. Enjoy early access for hard to find releases. (Itll be our secret) By clicking “Count Me In” you agree to our
In a clear sign of strength for Bordeaux wine in the auction market, thirsty collectors, (Mostly from Asia) stunned the market by snapping up bottle after bottle of wines offered directly from the cellars of Chateau Latour. Provenance is key with older bottles. This helped propel the prices to new levels. All the bottles offered in the auction carries a unique “Prooftag” traceability and authentication seal. The wines will carry a special back label inscribed, ‘This bottle was released directly from the cellar Chateau Latour in April 2011 specifically for Christie’s auction in Hong Kong on May 27th 2011″. 392 seperate lots were offered and accordintg to Christies, all 392 lots were sold.
Even though Latour set new records their wines, prices realized failed to reach the same levels hit by Chateau Lafite Rothschild in an October 2010 sale held in Hong Kong. While older bottles earned record prices, younger vintages did not fare as well, 2009, 2005 and 2000 all were sold at a slight discount to current prices. This is healthy as it indicated collectors are aware of current values and conditions and are not willing to overpay at auctions.
The question many consumers and merchants are truly concerned with is, what will this mean for 2010 Bordeaux futures pricing?
As for prices on 2010 Bordeaux futures, we’ll know soon enough. Numerous wines are expected to start being offered in early June. The First Growths might not be offered for sale until after Vinexpo. June is going to be a busy month for Bordeaux wine merchants and consumers seeking to buy Bordeaux wine.
The next questions are; what will the sales results mean for the other First Growths? Will it cause them to rise in price as well, and does that mean the Second Growths will follow suit, albeit at a slower pace? Lafite has slowed down a bit after months of steadily rising in price. Is Lafite set to escalate in price again?
Iconic wines: Château Latour
FAQ
Is Chateau Latour a good investment?
Is Latour a good wine?
What kind of wine is Chateau Latour?
How old is Chateau Latour?
Is Chateau Latour a good wine?
But, if you are a fan of Latour, when this comes up for sale, grab it, as it represents everything great about Chateau Latour! The wine is a blend of 92.45% Cabernet Sauvignon, 7.4% Merlot and .015% Petit Verdot. 14.19% ABV, 3.85 pH. Harvest September 6 – September 24. The wine represents less than 39% of the harvest.
How many hectares are there in Château Latour?
Of the 92 hectares of vines which comprise the vineyards of Château Latour, the 47 hectares around the Château are known as the ‘Enclos’. The best and oldest vines of the estate are to be found here, in what is considered to be one of the best vineyards in the whole of Bordeaux. Château Latour 1961, 6 magnums per lot.
What did the 2000 Chateau Latour taste like?
That is exactly what happened with the 2000 Chateau Latour! With an intense perfume filled with earth, cedar chest, stone, creme de cassis, cherry pipe tobacco, licorice, blackberries, Asian spice and lead pencil, the wine got off to a good start and kept on going!
Does Chateau Latour have old vines?
The small amounts of Cabernet Franc and Petit Verdot in the vines are more likely field blends as they are found inside the vines of the Cabernet Sauvignon and Merlot. On average, the vines are about 40 years of age. But Chateau Latour is fortunate to have old vines as well.