Wine Dealers Warn of Lafite Price Bubble as Auctions Double on Asia Demand

Jan 5, 2011

Surging demand in Asia for Chateau Lafite and other prestige French wines may be causing a bubble, dealers said.The warning for 2011 comes after the three biggest wine auctioneers had final sales figures of $259.3 million for 2010, more than double 2009, according to Bloomberg calculations.

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