Chicago Business School and the Wharton Business School at the University of Pennsylvania have been selected as finalists in the Left Bank Bordeaux Cup.

According to a Decanter.com report, eight American teams competed in the first round of the competition which comprised of a theory test and three rounds of blind tasting, at the Consulate General in New York last week.

The winning teams will now go through to the final which takes place at Chateau Lafite in the summer, in the long-running competition organised by the Commanderie du Bontemps de Médoc, Graves, Sauternes and Barsac. The competition is beingDecanter. sponsored by 

“Insight, finesse and accuracy of judgments have allowed the universities of Chicago and Wharton to carry this year's competition,” a spokesman for the competition said.

The finals will be fought by two teams each from the United States, Asia, France and the rest of Europe.

Heats are taking place throughout March, with 12 Asian teams competing in Hong Kong and Shanghai, and 15 French teams in Paris. The date for the European heats in London has yet to be announced - so far teams from Oxford, Cambridge, Belgium and the Netherlands have entered.

Chicago and Wharton beat six other schools for their place in the final: Columbia University Business School, Columbia University Law School, Harvard Business School, Northwestern Kellogg School of Business, Stanford Graduate School of Business and Yale Law School.

Prizes include wines from Lafite and other properties in the Médoc, Graves, Sauternes and Barsac, plane tickets to Bordeaux and subscriptions to Decanter magazine.

Chaired by Baron Eric de Rothschild, owner of Château Lafite, the Left Bank Bordeaux Cup was launched in 2002.