Pursuits
Lafite-Rothschild ’04 Drops to Six-Month Low of $8,130 in London
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Two cases of 2004 Chateau Lafite-Rothschild, a first-growth wine from the Pauillac region north of Bordeaux, sold for 5,200 pounds ($8,130) each on Liv-ex last week, the lowest level for the vintage in six months.
The two deals, on Aug. 15 and Aug. 16, were 8 percent below this year’s high of 5,641 pounds reached last month and 39 percent down from the record 8,500 pounds at which it traded in December 2010, as Chinese demand for Lafite powered a bull run in top Bordeaux wines.