Written by By James Beal, CNN
Prices for some of the world’s most famous vintage wines appear to be rising fast, after figures were released that appear to show rapid increases in price for a growing number of bottles.
On the night of the London Wine Fair, sold only by invitation, Armand-A-Lagarde limited edition scotch whisky came on to the market at £12,000 ($16,200), and proved popular with buyers.
The bottle, retailed through France’s prestigious Oliaspineti, is the latest step in the company’s bid to capitalise on a renewed interest in whisky from young drinkers. The company is called after the moniker given to the last letter of Maison Lafite in 1845, after which the best bottlings became known as Lafite and Domaine de la Romanée-Conti.
But it is not just whisky that is getting more expensive.
In celebration of the 200th anniversary of Chateau Margaux, prices for the vintages from 2008 to 2014 also rose dramatically.
The old vintages from that period sell for a staggering $150,000, while lesser bottles are up to 50% more expensive. The old classic bottles of Margaux, which go on sale next month at a record-breaking $200,000 a bottle, are also among the most expensive fine wines ever offered.
Meanwhile, prices for bottles of pink and white burgundy that sell for $7,000 to $20,000 have risen between 22 and 73% during the period covered by the data. These increases, according to the study, are largely due to a rush on the wine market as people re-think their spending habits following the election of Donald Trump as U.S. President.