KUALA LUMPUR, Nov 15 — Think of fine wine, think of France. Think of French wine, and Bordeaux inevitably comes to mind.
The wine capital of the world, Bordeaux produces over 700 million bottles of wine on average each year, including some of the most expensive in the world: the “first growth”, or premier cru red wines, like Château Lafite Rothschild, retail at around RM5,500 for recent vintages, while older, historic vintages can fetch tens of thousands at fine wine auctions.
But recent headlines paint a very different picture of Bordeaux. Demand has slowed: the Liv-ex Bordeaux 500, an index that tracks the prices of the region’s most prestigious wines, has lost nearly 20 per cent of its value in the last five years.
