Reply to "Lafite goes where no wine has gone before"

pyangMember

Back on topic.....

Early return shows that Sotheby's Lafite chateau direct auction result is a one time anomaly. That particular auction was held in Hong Kong on Oct 29th. The day after on 30th, Sotheby's had another auction in Hong Kong featuring a collection from SK Group Networks(South Korean Company). While the Lafite prices in this auction was still higher than market, it did have a significant drop overnight. For example, the 2003 Lafite was down 32% comparing the two auctions. The residual crowd from the day before probably drove the price above market on the 30th.

Acker just had their auction in Hong Kong on November 5th, looks like the Lafite prices are back to "normal".....

11/10/103:50 AM

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