March 2014 Fine Wine update

Lafite’s hold on the Asian market

Earlier this month the South China Morning Post included a piece on collectible assets. As usual The Lafite Label is used in the forefront of any picture.

Lafite Rothschild is the only drink in the top 10 luxury brands in China. The reason for this is down to Lafite's massive brand appeal throughout Asia, in particular as a gift for government officials, who view the wine as the archetypal Bordeaux. 

 

Italian wines faring well in the market

Only a couple of years ago, Italian wines made up a tiny portion of the fine wine investment market. Now wines like Sassicaia, Tignanello, Masseto and Solaia frequently outscore top Bordeaux wines and are beginning to rival them in prestige too. Sassicaia 1985 is globally considered one of the greatest wines ever made. More recently, Masseto 2001 and Tignanello 2007 have both been great successes in recent years.

 

Latest Auction News

A 6-bottle case of DRC Romanee-Conti 2001 topped the bill at the fine wine auction at Sotheby's in London last year. Once again DRC stole the headlines, with the 2001 vintage half case selling for £39,950. In total £1.9 million of wine was sold, including 11 bottles of Yquem 1937 for £17,625. 

DRC has been such a fantastic seller at auction recently due to its rarity, its prestige and its brand. Now considered the ultimate pinot noir wine, there really is no stopping this Burgundian producer. At the end of last year a case of 1978 DRC Romanee-Conti sold for £292,000 in Hong Kong. This breathtaking figure may even be dwarfed by other vintages that may come to auction this year - the heralded 1937, the 1962 and the the 1990. 

 


David Angel
David Angel

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