Chateau Latour

Wine 'Superlot' Sells For $320,000

One bidder at Skinner's recent wine sale on November 2 basically bought a wine cellar's worth of wine in one swoop of the auction paddle. The Bordeaux wine 'superlot' was comprised of 50 cases of wine including 10 cases of Chateau Haut Brion 1995-2004; 10 cases Chateau Lafite Rothschild 1995-2004; 10 cases of Chateau Latour 1995-2004; 10 cases of Chateau Margaux 1995-2004 and 10 cases of Chateau Mouton Rothschild 1995-2004. The first growth Bordeaux are basically the blue chip stocks of the wine world making this an easy investment for someone interested in filling a wine cellar very quickly with some of the most famous brands. The estimate for the lot was $200,000-300,000. It sold for $320,000.

[via Paul Fraser Collectibles]

Tags: auction, bordeaux, bordeaux wine, chateau haut-brion, chateau lafite, chateau latour, chateau margaux, chateau mouton rothschild, superlot, wine

Inside Luxury King Francois Pinault's Private Palazzo Museums

by Jared Paul Stern (RSS feed) —

Filed under: Art, Wealth, Architecture & Design

Francois Pinault is a man justifiably envied by many. With a fortune of $8.7 billion the high-school dropout-turned luxury goods titan is the majority shareholder of PPR, whose brands include Gucci, Balenciaga, Yves Saint Laurent and Bottega Veneta. He also owns famed auction house Christie's and the renowned Chateau Latour winery. His amazing contemporary art collection, worth an estimated $1.4 billion, encompasses 2,000-plus works by over 80 artists including Jeff Koons, Richard Prince, Takashi Murakami and Damien Hirst. Much of it is now housed as his two incredible private museums in Venice, the Palazzo Grassi and the Punta della Dogana. Both historic buildings were transformed by Pritzker Prize-winning Japanese architect Tadao Ando and are the subject of a smashing new book from Skira Rizzoli.

Tadao Ando: Venice - The Pinault Collection at the Palazzo Grassi and the Punta della Dogana shows how Ando's designs seamlessly blend history and innovation while adhering to the strict laws governing the preservation of historic buildings in Venice. At the Palazzo Grassi, prominently located on the Grand Canal, Ando's quiet but expert renovation of the eighteenth-century rooms makes a perfect backdrop for Jeff Koons' eye-popping balloon sculptures. At the Punta della Dogana (shown on the cover above), the Venetian Republic's original customs warehouse, the large-scale space was subtly subdivided into refined rooms for installation art. The "dialogue – that is collision and friction – between the new and the old," Ando states, "is the driving force in creating a city's future."

Tags: architect, architecture, art, art collection, Balenciaga, billionaire, Bottega Veneta, Chateau Latour, contemporary art, Damien Hirst, France, Francois Pinault, Gucci, Italy, Jeff Koons, luxury goods, museum, PPR, Richard Prince, Tadao Ando, Takashi Murakami, Venice, Yves Saint Laurent

Aubrey McClendon Puts His Big Bottles On The Block

by Deidre Woollard (RSS feed) —

Filed under: Wine, Auctions

Chesapeake Energy CEO Aubrey McClendon may have sold off wine at an auction earlier this year but he still has cases and cases to go. The Wealth Report draws our attention to the "The Aubrey McClendon Collection" sale scheduled for November 21 at The St. Regis Monarch Beach Resort in Dana Point, California. Spectrum Wine Auctions will be simulcasting the sale in Hong Kong, which appears to be where the big spenders on vintage wine are these days. The sale will feature more than 3,000 bottles and may bring in as much as $3 million.

The auction website includes a video interview of McClendon conducted by Mario Sculatti, director of sales and consignments for Spectrum Wine Auctions. McClendon has signed an Imperial of 1990 Lafite Rothschild that will be offered during the auction with commissions earned to be donated to charity on behalf of McClendon and Spectrum Wine Auctions.

McClendon's collection spans a range of the most collectible wines. Particularly prized are two bottles of 1945 Chateau Latour. McClendon also collected large format bottles. The auction offers several six-liter Imperials (the equivalent of eight standard bottles) including a 1982 Cheval Blanc in the original wood case, a 1989 Haut Brion and several vintages from Chateau Mouton Rothschild. McClendon's wine philosophy is simple: "Like anything in life, if you're going to enjoy something you really ought to try to enjoy, I think, the best of the particular pleasure that you're seeking, and so I would encourage people to go after the best wines."

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Tags: aubrey mcclendon, AubreyMcclendon, chateau latour, chateau mouton rothschild, ChateauLatour, ChateauMoutonRothschild, imperial wine bottle, ImperialWineBottle, spectrum wine auction, SpectrumWineAuction, wine, wine auction, WineAuction

Chateau Latour Slashes Prices On 2008 Vintage

by Deidre Woollard (RSS feed) —

Filed under: Wine

Last week we saw the first 2008 Bordeaux, Chateau Angelus released at a price that was 40 percent off the 2007 vintage prices. Now Decanter reports that the prestigious Chateau Latour has quickly followed suit releasing their 2008 at a price of 110 euros which is nearly half the price of the 2007. The 2007 exit price from the Bordeaux negociants was 240 euros and this year's exit price should be 130 euros which equates to a 45 percent drop.

The vintage seems to be shaping up nicely. There were earlier concerns but Decanter's consultant editor, famed wine expert Steven Spurrier said "the precision and depth of Latour was amazing," after the en primeur barrel tastings two weeks ago. It is hoped that the price cuts could pump some real excitement back into Bordeaux this season after years of inflated pricing.

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Tags: bordeaux, chateau latour, ChateauLatour, wine

Ch�teau Latour, Yours for $200 Million

by Jared Paul Stern (RSS feed) —

Filed under: Wine

Fabled Bordeaux brand Château Latour, widely regarded as one of the finest wines from the Medoc region, is being offered for sale by top-drawer investment bank Lazard Freres, the London Times reports. French business tycoon and president of the luxury-goods group PPR, François Pinault, is seeking $200 million - $280 million for it, the paper reports.

Pinault, whose holdings include Christie's (also rumored to be for sale), Gucci and Puma, piad about $150 million for Latour in 1993. Bernard Magrez, owner of the rival Pape Clément winery, is said to be a strong contender, perhaps with backing from his and friend fellow wine aficionado Gérard Depardieu.

The Château Latour estate consists of 190 acres of Bordeaux vineyards, but only grapes from the 115 acres that surround the actual chateau at the heart of the estate are used to make the Grand Vin de Château Latour (right). A case of the 1961 vintage fetched an impressive $170,000 at auction by Christie's in Hong Kong last month.

Gallery: ChÃ¢teau Latour

Tags: Bordeaux, Chateau Latour, ChateauLatour, Christies, France, Francois Pinault, FrancoisPinault, Gerard Depardieu, GerardDepardieu, Gucci, Medoc, PPR

Top 5 Wines for Investment via Vanquish Wine

by Laura Malesich (RSS feed) —

Filed under: Wine

As Wall Street continues to disappoint you may find yourself seeking alternative money-making strategies as opposed to stocks and bonds. While wine is obviously fine for enjoyment it can also act as a unique investment option. It's important to note that putting your money on fine wine does not incur a capital gains tax since it is considered a 'wasting asset' only expected to last fifty years. Your best bet is a first growth from the Bordeaux region and Vanquish Wine, a bespoke wine service for private clients, suggests these top five:

Chateau Petrus
Chateau Margaux
Chateau Latour
Chateau Mouton Rothschild
Chateau Lafite

Sounds like a bottle in the hand is better than a buck in the market.

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Tags: chateau lafite, chateau latour, chateau margaux, chateau mouton rothschild, chateau petrus, ChateauLafite, ChateauLatour, ChateauMargaux, ChateauMoutonRothschild, ChateauPetrus, vanquish wine, vanquish-wine, VanquishWine, wine investing, wine investment, WineInvesting, WineInvestment

Christie's Wine Dept. Returns to Asia with Latour Sale

by Jared Paul Stern (RSS feed) —

Filed under: Wine, Auctions

In November, London-based auction house Christie's will hold their first wine auction in Asia since 2001, featuring a landmark collection of 140 years worth of Latour sourced directly from the Château cellars.

The first Château-sourced collection of the fabled Bordeaux ever to be sold in Asia will go on the block Nov. 29 in Hong Kong; the 150 Latour lots, including magnums and large format bottles from a wide range of vintages dating from 1865 - 2005, are expected to fetch over $1.5 million total.

One of the top prizes is a 1900 magnum estimated at $18,000 - $24,000. Christie's already has a strong showing in Hong Kong with art and antique auctions bringing in over $300 million in Spring 2008, the highest total ever achieved for an Asian season.

Gallery: ChÃ¢teau Latour

Tags: Asia, Auction house, AuctionHouse, Bordeaux, Chateau Latour, ChateauLatour, Christies, Hong Kong, HongKong

Sotheby's Wine Sale Offers Vintage Ports

by Deidre Woollard (RSS feed) —

Filed under: Wine

Sotheby's wine sale on February 22 in London offers a chance to pick up the usual Petrus, Cheval Blancs and Latours but also offers some vintage ports including Croft 1966, Warre's 1970, Graham's 1975 and Taylor's 1977. The sale also includes rare and mature Claret recently removed from a private London residence including Château La Mission Haut Brion 1945 in magnum , Château Lafite Rothschild 1959 in double magnum and First Growths from the 1934 vintage. And though there isn't a Sauternes as old as the one that sold for $90,000 last week you can pick up a 1941 for a very reasonable $340-$520.

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Tags: chateau latour, cheval blanc, port, sauternes, wine