|Fine Bordeaux tender opens|
|Written by Elinor Zuke|
|Thursday, 24 January 2013 12:57|
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.
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