A few years ago London's fine-wine traders and merchants en masse opened up subsidiaries in Hong Kong. As you can see in Asians hoover up top 2009s, there was a time when this was a licence to print money. But the market is not nearly as buoyant as it once was, and anyway the Chinese themselves have been cornering an increasing share of that bit of the wine trade.
Perhaps in recognition of a certain waning in the east, London-based fine-wine traders Bordeaux Index are turning to the far west and opening an outpost in Los Angeles. The plan...