There was more good news for fine wine investors this week, as the Liv-Ex 100 - which monitors the price movement of the 100 most sought after fine wines - reported increasing prices for Bordeaux 2007 vintages.
 The Lafite Rothschild continues to prove popular with collectors |
The rise has been attributed to the growing market for collecting fine wine if the Far East.
These Bordeaux 2007 vintages have in recent years become available to Asian customers, and have been particularly favoured by collectors from China and Hong Kong.
Amongst the highlights of these price increases were a number of fine wines from the Lafite stable of Bordeaux.
The Beychevelle 2007 vintage has been trading at £340 ($510) per case, which is up 17% on the March 2010 price.
Elsewhere the Lafite Rothschild of 2007 increased by 38% in the same six months.
The Carruades de Lafite similarly saw a price increase of some 39% over the same period.
And from the Lafite stable, the top increase was experienced by the Duhart Milon 2007 vintage. This wine is currently trading at an impressive £590 ($885) per case.
This is up a massive 51% since early March.
Yet the most significant price climb of the 2007 vintages is unquestionably the Forts de Latour.
In early March, the fine wine was for sale at £625 ($938) per case.
According to the new Liv-Ex 100 figures, this price has now risen a massive 92% with twelve bottle cases now trading at £1,200 ($1,800).
Earlier this month, we reported on the growing global market for fine wine investment.
And these impressive figures are the just latest to emphasise the increasing demand for fine wine across the world.
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