For the longest time, Bordeaux has been the envy of most vintners everywhere.
Its wines have history, tradition and prestige and are often in great demand. The top classified-growths produce thousands of cases that command top-rung prices. Most of the elite wines are sold before they're even bottled. As a business model, it has few peers.
Yet apparently it's not perfect. Last week, Château Latour announced it would abandon the long-time tradition of selling wine futures, a move that sent shock waves through the Bordelais wine trade, primarily because of Latour's status.
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