Dear friends,

Farr Vintners is a substantial London-based wine trader.  They have reported 2010 sales of £169 million, more than double their 2009 sales volume.  The 2010 sales figure includes almost £63 million of 2009 Bordeaux futures.  The far East in total, which would of course include Japan, Singapore, etc., in addition to China, was 36% of their business by volume (gallonage) and 49% of their business by value.  Like several other sources, they are recommending “sell while the bubble is full” if you happen to have any Lafite in your cellar.  Details on the free portion of Jancis Robinson’s website:

http://www.jancisrobinson.com/articles/a20110103.html

Cheers and Happy New Year –

Russ