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Lafite 2009 Reaches Seven-Month High of $12,200 on Liv-ex Market

Feb. 13 (Bloomberg) -- A case of Chateau Lafite-Rothschild 2009 sold for 7,800 pounds ($12,200) on London’s Liv-ex wine market yesterday, a seven-month high on the exchange and extending gains which lifted it 7 percent from its December level, according to data on Liv-ex’s Cellar Watch website.

The Lafite vintage peaked at 14,350 pounds a case in February 2011 amid strong Asian demand, before a price slump which took it as low as 6,950 pounds on Dec. 14. Lafite is a first-growth Bordeaux wine from the Medoc and the 2009 vintage is its most expensive of the past five years, according to Liv-ex merchant data.

Editors: John Simpson, James Kraus

To contact the reporter on the story: Guy Collins in London on guycollins@bloomberg.net

To contact the editor responsible for this story: Paul Sillitoe at psillitoe@bloomberg.net

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