Pursuits
Petrus Beats Estimates With Latour as Bordeaux Prices Rally
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Chateau Petrus 1988 Pomerol and Latour 2000 Pauillac both beat estimates at a Sotheby’s auction in a sign that Bordeaux prices are rallying and demand continues for rarer Burgundies.
A case of Bordeaux right-bank Petrus fetched 12,338 pounds ($19,580) including a 17.5 percent buyer’s premium at Sotheby’s in London. Twelve bottles of first-growth Latour 2000 went for 10,575 pounds. These had been given upper hammer-price valuations of 10,000 pounds and 9,000 pounds respectively.