One of the UK's most influential wine buyers has warned the futures market for Bordeaux wines could collapse unless producers agree to drastic price reductions to keep investors interested.

Simon Staples, Bordeaux buyer for Berry Bros & Rudd, said he would not buy any of the region's 2008 wines unless chateaux cut prices by half.

The trade in the fine wines market has enjoyed spiralling prices in recent years, but Staples said the market could not tolerate the prices of recent years in a recession.

"I would be happier to have bargain vintage, in order to give everyone something to get excited about," he said.

"Consumers are either bored of the prices or bored of buying five or six vintages on the trot."

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