Fine Bordeaux tender opens

Published: 24 January, 2013

Cases of fine Bordeaux wine worth £140,000 have been put on the market by asset disposal group Winterhill Largo to repay the creditors of Wine Traders International.

Winterhill Largo is selling a total of 97 cases, including 2003 and 2004 vintage Chateau Lafite and Chateau Latour from 1996 and 2004 by tender. It said it would supply condition reports on request and has asked for forms to be submitted to kevinc@winterhilllargo.com by 2pm on February 1.

Wine Traders International was placed in administration in 2010. "Wine trading is an unregulated industry and sadly for investors, the collapse of organisations such as Wine Traders International is becoming something of a regular occurrence," said Winterhill Largo associate director Kevin Counihan.

"The proceeds of this sale, which includes some cases that are highly prized and currently worth around £6,000 each, will be used to repay the investors and other creditors of Wine Traders International

"There are some very exclusive wines up for grabs and we're already experiencing a great deal of interest from wine aficionado, especially in iconic wines such as the Chateau Lafite 2004, which at the moment is changing hands for close to £700 a bottle," he added.

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