Boom or bust for chateaux
As Bordeaux prices plummet, several top bordeaux chateau's including Margaux and Haut-Brion have sunk to levels not seen since the Lehman Brothers collapse in late 2008. This was according to James Miles of Liv-Ex at the Hong Kong International Wine and Spirits Fair. He said it's as if the China Boom never happened, as the boom or bust pattern continues. The speed of recovery depends heavily on the 2014 vintage Bordeaux en primeur campaign. And prices need to fall still further than many in Bordeaux currently appreciate.