Bordeaux 2011 Prices Cut As Much As 45%

Bordeaux 2011 Prices Cut As Much As 45% as Lafite Demand Cools -- SFGate/Bloomberg

May 22 (Bloomberg) -- Top Bordeaux 2011 wines including Chateau Lafite-Rothschild and Chateau Cos d'Estournel are selling for between 30 percent and 45 percent below recent vintages after investment demand for the exceptional 2009s and 2010s sapped buyers' appetite for less-powerful new clarets.

First-growth Lafite is being quoted at $8,410 a case on London-based wine exchange Liv-ex, 41 percent below 2010 and 45 percent down from the 2009s. Second-growth Cos d'Estournel, its close neighbor, is at $1,680 a case for the latest vintage, 45 percent down from the 2010s and 62 percent below 2009.

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My Comment: It looks like some sanity is returning to the market.