Futures Shock at Auctions After Bordeaux Releases 2000 Prices
The release prices of Bordeaux 2000 futures appear to be having a dramatic effect on the sale of mature wines.
On the one hand, collectors with limited discretionary income are reconsidering their buying priorities in an effort to take a position in the critically acclaimed 2000 vintage. On the other, the soaring cost of the futures offerings makes auction estimates for many mature wines look particularly attractive.
For the full article, check out the new issue of Wine Spectator, on newsstands September 15, 2001.