30 Dec '11, 10am
Instead of expensive wines, toast the new year with cheaper Pinot Noirs
Singapore, December 30, 2011 The word is out. Burgundy is in - and in a big way. But again the focus is on the big names - DRC and Henri Jayer in particular, as expected. Bordeaux is down some 10 to 20 per cent which is not necessarily a bad thing - what the market would call a "correction". It was getting overheated and totally unrealistic. I repeat what I said last week, that at today's prices for Burgundy, how will the young wine lover get a taste, let alone a drink, of the top Burgundies, red and white? This question is perhaps more pertinent in the case of Burgundy than it is of Bordeaux. This is simply because top-flight Burgundies, white as well as red, are simply scarcer than top Bordeaux and more expensive than even Petrus. Twelve bottles Romanee-Conti 1988 sold for £76,032 at Christie's Hong Kong sale on Sept 3 and 4, this year (£6,336 or S$12,751 a bottle). Twel...