End of golden era for Chinese investors in Bordeaux wine …C0NTINUE READING HERE >>>
Chateau Latour Laguens is up for auction for just 150,000 euros.
Photo: Philippe LOPEZ / AFP
Source: AFP
After over a decade of snapping up Bordeaux wine estates, buying into a dream of elegant living in France and good earnings in their home market, many Chinese investors are now selling up.
Capital controls back home, softening Asian demand for wine and the underestimated costs of running French estates have combined to push the once-enthusiastic buyers from China towards the exit.
Chateau Latour Laguens in 2009 was among the first Bordeaux vineyards to be bought by a Chinese…
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