- 12 bottles of Domaine de la Romanée-Conti sold for more than $100,000.
Move over Lafite: Burgundy is the new star of Asia. By Jake Lee
Sotheby’s rounded out a monthlong slew of wine auctions in Hong Kong this weekend, beating estimates and selling 99.1 million Hong Kong dollars (US$12.7 million) over two days.
The very highest prices went to Burgundy’s Domaine de la Romanée-Conti, Continue reading
Penfolds Chooses Shanghai for Bin 620 Release
The last time Australian wine producer Penfolds made its Bin 620, a special blend of Cabernet Sauvignon and Shiraz grapes from the Coonawarra area, it was 1966, and it was partially foot-crushed. Penfolds waited more than 40 years before it decided conditions were right to produce it again, and it is now gearing up to sell the 2008 vintage at 1,000 Australian dollars (US$1,018) a bottle, about double the price of the recent Grange, its most famous wine that’s produced every year. Thanks to rapidly growing Chinese demand, it’s launching the wine at Shanghai’s Waldorf Astoria on Wednesday. “In Coonawarra we were blessed with a great vintage when the earlier-ripening Shiraz could be blended with the later-ripening Cabernet to highlight the best of both varieties, and their synergistic union,” Peter Gago, Penfolds’ chief winemaker, said in a statement. Continue reading