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Stock impact report

Sauternes Are A Tough Sell And Priced Below Their Real Value [Forbes]

LVMH-MOET H/L/V UNSP/ADR (LVMUY) 
NASDAQ:AMEX Investor Relations: lvmh.com/investors
Company Research Source: Forbes
... More Gamma-Rapho via Getty Images I seriously doubt that most wine lovers could name a single Sauternes other than the famous Château d'Yquem. A handful of connoisseurs might be familiar with a few other First Growth Sauternes like Suduiraut, La Tour Blanche, and Rieussec, but Yquem's status—and price—has long eclipsed all other of these intensely sweet Bordeaux dessert wines. Yquem, which once belonged to Eleanor of Aquitaine and was for over 200 years under the control of the Lur-Saluces family (it was taken over in 1999 by LVMH), has always commanded the highest prices in the region, anywhere from $300-$400 for the newest vintage. HUNGARY - APRIL 05: Bunch of Furmint grapes affected by gray mold (Botrytis cinerea). Tokaji, Hungary. (Photo by DeAgostini/Getty Images) ... More De Agostini via Getty Images All these dessert wines—which the British call “pudding wines”—undergo the tricky process of achieving their elegant sweetness by being attacked by a fungus calle Show less Read more
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