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Bordeaux Wines May Set Record Prices on Asian Demand, FT Says

Wines from France’s Bordeaux region are set for record prices driven by Asian demand for last year’s vintage, the Financial Times reported.

Orders for the 2009 wines are nine times higher than for the highly rated 2005 vintage, the newspaper reported, citing Simon Staples, sales director at London wine merchant Berry Bros & Rudd. Wine auctions in Hong Kong are becoming more important than those in London, Alex Smith, editor of the International Wines and Spirit Record, told the newspaper.

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