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...This wealth-driven inflation has hit liquid assets as well. At the London International Vintners Exchange, an online marketplace for fine wines, managing director James Miles has watched prices for the top Bordeaux double over the past two years, driven in part by wealthy foreigners. "These guys all aspire for the rich man's toys, which doesn't just mean having boats and fast cars, but also having a great cellar," he says. A 12-bottle case of 2000 Chateau Lafite Rothschild that sold for $8,800 in 2005 cost $20,000 last year, while a case of Chateau Petrus...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...understand the long-term thinking and the staying power of SIA, it's worth thinking back to those wines that were chosen late last year, including a 1999 Chateau Pichon Longueville Comtesse de Lalande, a Bordeaux that retails for upwards of $130, and a 1998 Stag's Leap Wine Cellars Fay Vineyard Cabernet, an $85 Californian. Neither of them will be served on SIA's new U.S. flights this year. Instead, they will be cellared until 2005 or 2006, when they will have developed the right character for drinking. --With reporting by Douglas Wong/Singapore

Author: /time Magazine | Title: Fly Above The Storm | 11/14/2007 | See Source »

...raised the average temperature in Champagne during the growing season 2.2ºF (1.2ºC) over the past 50 years, altering the cool temperatures that give balance to the champagne produced there, says Gregory Jones, a climatologist at Southern Oregon University. "With such temperatures you could make a Burgundy or Bordeaux, rather than champagne," he says. Today southern England has roughly the same climate that Champagne did 25 years ago--and the same chalky soil in those famous white cliffs of Dover. French champagne houses are sniffing out land in England while it's still selling at a comparative discount...

Author: /time Magazine | Title: Time to Hoard the Bubbly? | 11/8/2007 | See Source »

...William Lo, investing in a thoroughbred racehorse is comparable to buying a vintage Bordeaux. An executive for a Hong Kong-based chain of fashionable clothing stores, Lo has been dabbling in both assets for the better part of a decade, and he samples the nose of his wines with the same enthusiasm he reserves for cheering on his charger as it storms a nose ahead. But he knows there's one big difference: "At least with wine," says Lo, "there's a good chance of getting your money back...

Author: /time Magazine | Title: Hobby Horses | 11/1/2007 | See Source »

...Among those on hand will be Thomas Keller from the French Laundry in Napa Valley, California; Alain Passard from L'Arpège in Paris; Santi Santamaria from Can Fabes in Catalonia and Nicolas Le Bec from Lyon. Wineries from world-renowned regions including Chateau Haut-Brion from Bordeaux and Frescobaldi from Tuscany will host tastings, and German painter Hella Nohl will discuss red wine's place in her palette. www.rhwfae.com...

Author: /time Magazine | Title: A Chef's Tour of the World | 10/9/2007 | See Source »

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