The Château La Croix des Tour of Montagne-Saint-Émilion of Bordeaux

All 818 lots were sold in the auction, which saw Prince Robert of Luxembourg, chairman and CEO of Château Haut-Brion owner Domaine Clarence Dillon, open up his personal cellar to raise funds for the PolG Foundation. Featuring 4,200 bottles and covering Bordeaux wine royalty spanning more than a century of vintages, Sotheby’s said the auction ‘smashed’ its pre-sale high estimate of around $4m.  Two 4.5-litre Jeroboams of Haut-Brion, one from the 1926 vintage and the other from 1 ...

A survey of 2,000 investors in the UK found links between Generation Z, loosely covering those up to 25 years of age, and fine wine investment. While close to half of all survey respondents said they had invested in so-called alternative assets, such as fine wine, whisky, art or crypto, this proportion rose to 62% for the under-25s. Commissioned by merchant Bordeaux Index and conducted by market research agency 3Gem, the survey suggests younger investors ‘are turning to fine wine’ as ...

Severe drought in northern Italy has led to the country’s government declaring a state of emergency in several regions, including Emilia-Romagna, Friuli-Venezia Giulia, Lombardy, Piedmont and Veneto. Funds of €36.5m (£31m) would be made available to these regions for drought relief, the government said. Agriculture body Coldiretti said last week that the Po river, which flows across northern Italy to the Adriatic Sea, was almost unrecognisable. Drought in the Po Valley threatened around 30% of n ...