Pursuits
Chateau Petrus 1998 Climbs to Record $41,500 on Live-Ex
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A case of Chateau Petrus 1998, one of the two most expensive estates in Bordeaux, sold for a record 27,000 pounds ($41,500) on Liv-ex as investors sought rare older vintages even as demand in the broader wine market cooled.
The transaction yesterday was 4 percent above a similar trade in April and 9 percent up from its level two years ago. It has tripled in price on the exchange in the past eight years.