Wine Investment – Refoksa Sat, 11 Dec 2021 01:59:26 +0000 en-US hourly 1 Wine Investment – Refoksa 32 32 Chinese investments in Australia collapse amid tensions Thu, 17 Jun 2021 02:36:49 +0000

SYDNEY, Feb.28 (Reuters) – Chinese investment in Australia fell 61% in 2020 to the lowest level recorded by the Australian National University in six years, coinciding with a deepening of the diplomatic dispute.

The university’s East Asia Economic Research Bureau’s annual tracking study recorded A $ 1 billion ($ 783 million) in Chinese investments in 2020, including real estate transactions (45% ), mining (40%) and manufacturing (15%).

The fall was larger than the 42% drop in foreign direct investment around the world measured by the United Nations amid the COVID-19 pandemic, said Shiro Armstrong, the director of the office.

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“This reflects the effects of COVID but also a closer scrutiny of foreign investment by the Australian government, especially from China,” he said.

Australia has announced an overhaul of its foreign investment laws in 2020 to give the government the power to veto or force the sale of a business if it creates a risk to national security.

Treasurer Josh Frydenburg said in June that the national security test would be applied to telecommunications, energy and utility companies, and companies that collect data.

Bottles of Australian wine are seen at a store selling imported wine in Beijing, China on November 27, 2020. REUTERS / Florence Lo / File Photo

Chinese company Mengniu abandoned a deal to buy Australian dairy company Lion Dairy and Drinks from Japanese company Kirin in August after the Australian government said it would block the sale.

The Chinese embassy said in November that 10 Chinese investments had been blocked in Australia for national security reasons, among a list of 14 grievances Beijing had over Australian government policy.

China has since imposed dumping duties on Australian wine and barley and restricted the unloading of Australian coal at Chinese ports.

Chinese investments in Australia peaked at AU $ 16.5 billion in 2016, covering agriculture, transport, energy utilities, healthcare, mining and real estate, according to the study. the ANU.

In 2020, 86% of Chinese investments in Australia came from Australian subsidiaries of Chinese companies.

($ 1 = Australian dollar 1.28)

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Reporting by Kirsty Needham, editing by Karishma Singh

Our Standards: Thomson Reuters Trust Principles.

Beverage factory expands bag-in-box wine production capabilities with six-figure investment Thu, 17 Jun 2021 02:36:49 +0000


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Kingsland Drinks has announced plans to increase its bag-in-box wine production capacities in 2021 with a six-figure investment in additional production line machines.

The Irlam company says it will strengthen its position as a full-service beverage company and capitalize on the growing bag-in-box industry.

The investment will increase the company’s capacity to package bag-in-box wines by 50%, for a total of more than 28 million liters per year.

Kingsland Drinks are currently packaging bag-in-box wines for several major UK retailers and contract packaging for a number of major brands.

The new line at the company’s Irlam site, Salford, builds on its existing bag-in-box infrastructure which provides 1.5L, 2.25L and 3L formats to some of the UK’s largest retailers. United.

It will be installed in two parts, a new filler will be installed in April 2021, followed by the installation of a pick and place system and end-of-line palletizing. The line should be fully operational by May 2021.

The UK is one of the fastest growing markets for bag-in-box wines, up more than 25% in value and 21% in volume since the start of the pandemic, with its freedom consumption, its longer lifespan once opened and its value for money requiring all consumers to buy in the sector.

Bag-in-box wine is also more efficient to transport compared to its bottled counterpart, resulting in a lower carbon footprint when transported across the UK. In addition, the outer carton and the inner bag are recyclable.

Ed Baker, Managing Director of Kingsland Drinks, said: “We pride ourselves on our ability to provide full category service and have carefully expanded and improved our operations in recent years to improve our offering.

“Many of our suppliers are keen to venture into new formats of wine and the bag-in-box is certainly the one that is adopted by consumers, due to lifestyle changes and the fact that the opportunities to drink at home. house are fast becoming a dominant feature. to socialize.

He added: “The pandemic has shed a much-deserved light on this format and it can only gain momentum as the industry educates consumers on its benefits. Bag-in-box wine is here to stay, and our investment means we approach the years to come with world-class experience and capabilities.

The investment is the latest in a considerable pipeline of developments for the company.

It added a new canning line in 2020 with the capacity to produce 80 million cans per year. The line is already producing cans for the new ready-to-drink brand Vin Crowd, which is now available in Co-op, Nisa and Costcutter.

Over the past six years, Kingsland Drinks has installed a carbonation line, reestablished its on-site cellar, introduced new high-speed bottling lines, expanded its NPD capabilities with a new lab focused on product development focused on future and knowledge, and improved its ability to bottle spirits and package new and emerging formats.

Wine auctions pivot – quite profitably – to the virtual world Thu, 17 Jun 2021 02:36:49 +0000

In July, Chicago Hart Davis Hart Wine Co. hosted an auction for the mighty New York restaurant Del Posto. All 3,422 lots, including the vintage Quintarelli, Sassicaia and a complete case of 1999 Case Basse Brunello di Montalcino Riserva, have been sold, with 80% of the lots selling for much more than expected. Overall, the Del Posto Collection raked in $ 5.7 million, far exceeding the estimated total between $ 3 and $ 4.5 million.

It was “one of the most comprehensive Italian wine collections in the world,” said Marc Smoler, senior vice president of customer services at Hart Davis Hart, noting that the large number of quality bottles, combined with the cachet of the restaurant, made for “a very competitive auction”. As Hart Davis Hart prepares for his first sale in Hong Kong this winter, Smoler is optimistic.

The auction business is booming. Another restaurant collection, picked from Danny Meyer’s cellars Union Square Hotel Group (Gramercy Tavern, the Modern, Union Square Café, Maialino and Marta in New York), was auctioned in April through a partnership between USHG HUGS, the company’s non-profit employee relief fund, and White Plains, based in New York Zachys wine auctions. All the lots, bottles of Margaux and Selosse among them, were taken into account. The final return of $ 905,907 was well above the estimate of $ 592,610.

During the pandemic, the auction giant Sotheby’s wine featured five sole proprietorship auctions that totaled over $ 26 million, selling 50 percent above the low estimate. In the first seven months of the year, total wine and spirits sales topped $ 45 million, with $ 24 million generated online. Acker, New York’s historic wine merchant and auction house, also saw a noticeable spike in activity, totaling over $ 50 million worldwide Sales during the first semester of 2020, surpassing its nearest competitor by 50 percent.

Although the online format greatly diminishes the thin air that is synonymous with an auction, it allows potential buyers in remote locations to participate. And at a time when in-person dining is severely limited in most parts of the country, virtual auctions are proving to be an effective way to retain consumers with good wines during an unconventional era of wine buying.

“The digital transformation in the wine and spirits industry has accelerated over five to ten years, as innovation, automation, simplicity and customer empowerment are very clearly the future,” says Jamie Ritchie, global manager of Sotheby’s Wine.

More places around the table

One of the great benefits of virtual auctions is the ability to reach a much larger audience, says Jamie Peha, Executive Director of Washington Wine Auction (AWW), which went virtual for the first time this year: “We’ve seen people register and log in who are new to the Washington Wine Auction, including many from across the country.”

According to Acker Chairman John Kapon, “The first six months of 2020 have shown that buyers have continued their hunt for good wine at an even higher rate, with a 33% increase in the total number of bidders at auction compared to 2019 and 1,679 new auction records. world established as a whole. Acker’s auctions were “live online”. Due to popular demand, the company added another Hong Kong auction to the schedule in July.

Sotheby’s Wine statistics from January to July 2020 reveal that more than 1,000 bidders from 40 countries bought 67% of wine lots and 83% of spirits online. Additionally, says Ritchie, 20 percent of bidders are new to Sotheby’s, and half of them are under 40. “Digital tools allow us to reach a much larger, younger and more dynamic market while continuing to benefit from the support of our traditional customers,” he says.

Zachys Wine Auctions is also up on its January projections. “The supply has remained constant to high and demand has increased to meet it. Not only did our online sales go well, but our live sales became what we call “Studio Sales,” broadcast live from our White Plains offices, ”explains Charles Antin, Sales Manager.

Even Hong Kong sales are auctioned from New York (Hong Kong time). All the typical Zachys pre-auction dinners turned into Zoom or al fresco lunches. More importantly, adds Antin, “our sales have been so strong that we have maintained our multi-year plan to open in London on September 12, with ‘auction parties’ in countries around the world, so that people can get together and always stay in small groups while they bid.

Photo courtesy of the Willamette Valley Wineries Association.

Create a rich virtual experience

In 2016, the Willamette Valley Vineyard Association (WVWA) launched Willamette: The Pinot Noir Auction, a unique and commercial showcase of exemplary wines produced in the region. In 2020, as the COVID-19 crisis raged, WVWA migrated to a virtual format.

First, he created Preview Week, a series of 15 educational virtual tastings leading up to the tender. “Because the auction is a snapshot of the vintage, the place and the people, we were convinced that these exquisite wines of 2018 should be tasted, discussed and bought,” says Executive Director Morgen McLaughlin.

Then, for three days in August, customers settled safely in their living room, bidding on 74 exclusive lots of Pinot Noir from the 2018 vintage and six lots of Chardonnay at auction. The event ended with a lively live finale featuring such figures as the Portland Trail Blazers goaltender.and newly created winegrowerCJ McCollum. Along with this year’s digital switch-over, the auction was also remarkable as it raised $ 503,000, including $ 100,000 will support the James Beard Foundation’s Food and Beverage Investment Fund for Black and Native Americans, as part of the James Beard Foundation’s broader Open for Good campaign.

For its 33rd iteration, the Washington Wine Auction (AWW) also rose virtually in August. He raised $ 1.74 million for Seattle Children’s Hospital and Washington State University Research in viticulture and oenology. More than 600 people registered for more than 130 prizes, including a 22 year old vertical series of Leonetti Cellar Sangiovese and a place reserved on Cayuse Vineyards’ coveted member list.

“Our biggest challenge was bringing so many elements of our in-person events to life online,” says Peha. She adds that highlights like the Gala-in-a-Box meals cooked by well-known Seattle chefs were meant to draw people into the live auction.

Details have yet to be released to the public, but First Napa Valley, the annual invitation-only event for members of the wine business, features a virtual auction in February. “We I really had no idea how long the pandemic would last and how comfortable our business partners would be traveling to Napa Valley, ”said Stacey Dolan Capitani, vice president of marketing at Napa Valley Vintners. In case conditions allow for small gatherings by then, organizers are also planning a few in-person events. “It will be a fluid situation, but we are excited about the way we are reinventing and reimagining this event. I really believe that a lot of these concepts will stay in place once we can get together again, ”she adds.

Fill the Meal Gap in Person

Hart Davis Hart Wine Co. has also seen the number of auction participants increase since the start of the pandemic. “People don’t travel as much, so they have the ability to connect and bid live. Consumption at home has also increased and customers have more time to focus on their cellars and their collection, ”explains Smoler.

He also observes that auctions have benefited from current wine prices on some European selections, with people “looking for new ways to buy wines, especially ripe wines, at no additional cost. Auctions also offer a wide variety of vintages, formats, prices and regions not found in other venues. It really is a one stop shop.

One of the darkest realities of the pandemic is undoubtedly the collapse of the on-site sector – for owners and staff certainly, but also for wine-loving guests. As McLaughlin of the WVWA sums it up: “A lot of people have lost the chance to sit down and browse a wine list, interact with a sommelier, discover new wines and just enjoy the restaurant experience. . “

Hanging on to special bottles, such as those from Del Posto, is a luxury, but for collectors who speed up auctions, it’s also a way to channel a dining room full of stories.

Alia akkam is a writer who covers food, drink, travel, and design. She is the author of Behind the bar: 50 cocktails from the world’s most iconic hotels (Hardie Grant) and she works have appeared in,, Penta,, BBC, Playboy and Taste, among others, and she is a former editor of Edible queens, welcome design, and Beverage media. Born in New York, Alia has now made her home in Budapest. Follow Alia @behdria.

The canned wine Spritzer trend just got another cool cat: an interview with Rocco Venneri Thu, 17 Jun 2021 02:36:49 +0000

Starting a business is never easy, especially when the odds are stacked against you. Those odds haven’t stopped Cool Cat founder Rocco Venneri, who identifies as a black / mixed-race gay man, from chasing his dream of creating a low-calorie portable drink in a largely male-dominated industry. heterosexual whites. Launched last April, Cool Cat is an all-natural, gluten-free wine spritzer that is already making waves with consumers as well as the beverage industry. The brand’s first two spritzers on the market — Original (Elderflower Mint Lime) and Citrus — were named “Best Ready-to-Drink Drink” and received a Gold Medal from The Fifty Best earlier this year. In an interview, Venneri talks about his transition from fashion to running with “cool cats” with his popular portable wine spritzer.

What was your background in the alcohol industry before creating Cool Cat?

I spent 15 years working in the fashion industry as a Marketing Manager to develop and successfully execute digital campaigns, social media, print campaigns and activations for global lifestyle brands , notably Tommy Hilfiger and Armani. During this time, I have worked closely with premium alcohol brands on bespoke events and activations. I also have close friends who work in the industry who were able to help point me in the right direction during the development of Cool Cat.

Why did you decide to create a new line of naturally flavored wine spritzers?

There is an urgent need for more diversity and inclusiveness in the spirits and wine industry. As a minority myself, I wanted to see a performance, so I created a non-sexist, original and high-quality product that included all genders, ethnicities and sexual orientations. We are a brand that brings together like-minded people who share similar values ​​and experiences, that is, an intrepid community of Cool Cats. The idea for Cool Cat was born during a barbecue for Mother’s Day. Building on the increased consumer interest in health and wellness, I set out to create a tasty, low-calorie portable drink made from natural ingredients. With a modern design and a globally recognized name, Cool Cat is more than “just glass”. We’re a unique lifestyle brand that delivers refreshing wine cocktail experiences with the ease and convenience of a canned drink.

How has the white-dominated industry treated you since you started your business?

We have been very fortunate to find distribution partners who support our brand DNA and our product. We have built a brand, not just a drink. Our partners focus on marketing and innovation, which Cool Cat continues to promote as the industry evolves. We recently published our first ad which you can find on our Instagram account @drinkcoolcat. I wrote an original song with my good friend that best describes and represents the attitude of a Cool Cat. We like to approach everything we do with an optimistic mindset, after all, we launched during the COVID-19 pandemic.

What are your plans for the future of Cool Cats?

This year, we plan to increase our on-site and off-site presence in our core markets (NY, CT, NJ, GA, FL) and build on our two inaugural flavors (Original and Citrus) by introducing two new delicious flavors. –Berry and Grapefruit – in the spring. Like many people, we are also excited to host and participate in consumer tasting events once it is safe to do so. I recently moved the company to Miami (from New York) which will provide new opportunities to evolve and grow the brand. With much of the Northeast Coast locked down, we saw an opportunity in South Florida (off season) and Georgia to introduce the brand to a larger consumer base. We plan to expand to the Western region in 2022 and the Central region in 2023. We also recently introduced Cool Capz, reusable can lids that work with any 12oz (355ml) can. ) to help prevent accidental sharing of cans with the ability to customize each can. Cool Capz also prevents waste and spills.

What do you think the industry needs to change in order for more minorities to start businesses?

The largest spirits and wine conglomerates must step up their efforts and commit to supporting and investing in businesses owned and operated by minorities. We’re starting to see this with industry leaders Constellation Brands and E&J Gallo, dedicating time, money, people and resources to help minority brands succeed. It is very important for brands to partner with like-minded businesses, regardless of what is on offer. There should be honest dialogue and mutual respect for what each one builds or has built. When these align, great things happen.

Colorado Wine Industry Gets Support From Wine Legend Warren Winiarski Thu, 17 Jun 2021 02:36:49 +0000

Napa Valley Wine Legend Warren Winiarski Invests in Colorado Wine and Grape Industries with Grant to CMU / WCCC Viticulture and Oenology Program

Warren Winiarski is a man who tends to see the world as a place of unrealized future potential, and his ability to turn potential into reality is reflected in the many accomplishments of his life. Prior to his world-renowned success in the wine business, Winiarski pursued an academic career – first through his studies at St John’s College in Annapolis, Maryland and later as a professor of liberal arts at the University. from Chicago. The appeal of the young and exciting Californian wine renaissance ultimately turned Winiarski away from college pursuits, but his college education, combined with this ability to see abstract potential where others haven’t, guided him. on the way to the events which ensured California’s reputation in the wine world.

Now, Mr. Winiarski’s vision will benefit the Colorado wine industry and students at Western Colorado Community College (WCCC) and Colorado Mesa University with a $ 150,000 grant from the Winiarski Family Foundation, the charitable foundation created by Winiarski and his wife, Barbara. The grant will benefit the WCCC Viticulture and Oenology Program. Fifty thousand dollars of the giveaway is being offered in the form of a matching fund challenge to other donors who share the vision for Winiarski Colorado wine. When fully matched, total support will be $ 200,000.

Winiarski’s track record in recognizing potential is strong. With this grant, the college and industry are receiving support from the man who saw a plum orchard and believed the land would be better suited for vines capable of producing world-class Cabernet Sauvignon wines. At that time, most wine experts believed that the plum orchard location was too cool for the Cabernet grapes to ripen. But in 1976, Winiarski proved the skeptics wrong at the now infamous blind tasting of the Paris Judgment. Winiarski’s Cabernet Sauvignon Stag’s Leap Wine Cellars 1973 swept away some of France’s most prestigious early Cabernet Sauvignon wines and put California on a level playing field in the wine world.

Warren Winiarski

Winiarski sees a bright future for the young Colorado wine company. The Winiarski Family Foundation grant will help the industry realize its potential through an endowed scholarship, as well as academic and infrastructural support to the WCCC’s Viticulture and Oenology program – the first and only such program in the world. Colorado. The donation also creates the Warren Winiarski Institute of Viticulture and Oenology, Gerald Ivancie, whose name recognizes and honors Gerald Ivancie’s early contributions to the state’s wine industry. The institute aims to advance the Colorado wine industry through applied research projects to help address Colorado’s unique growing conditions with the goal of advancing Colorado wines from vine to glass. These efforts will ultimately benefit all parts of the industry, including growers, producers, commerce and consumers.

Jenne Baldwin-Eaton, director of the WCCC’s Viticulture and Oenology program, is excited about what the funding will do for the program and for the state’s wine industry.

Mr. Winiarski set an example of what can be achieved through collaboration, clear vision, hard work and tenacity. As he said at the VinCO event, “All ships go up with the rising tide. ”It’s a reminder that working together will bring benefits to all of us in the Colorado wine industry.

It is fitting that the viticulture and oenology program and the new institute created through Winiarski’s generosity reside in the palisade area of ​​Mesa County. The region has long enjoyed a worldwide reputation for its peaches, but over the years growers have turned to grapes, and Palisade is currently equally well known as one of Colorado’s premier wine regions. The Grand Valley is home to the Colorado Mountain Wine Festival, Colorado’s largest annual wine celebration. From now on, the institute will reside in the same community, but its mission is to serve the whole state.

Winiarski’s long-term vision for the institute, beyond research, is also to support young people. His own story is that of mentors who helped him deepen his knowledge of grape cultivation and wine making. The many articles written about his life reveal a respectful individual to those who have helped him, and he believes that supporting CMU and WCCC will provide the means for future mentors.

He also sees the benefit of locating the institute within a higher education establishment. As a former scholar, he knows that knowledge transfer is the mission of universities and colleges and, as such, can serve as a catalyst for future achievements.

“Support from a world famous figure like Mr. Winiarski does not come every day and I congratulate the instructors, students and graduates of our program for earning his trust in our program and our community,” said said CMU president Tim Foster. “The family’s financial generosity will help us tremendously, but Mr. Winiarski’s reputation will help us tremendously.

“We’re going to find creative ways to reach out to all of western Colorado and beyond who love wine and care about its future,” said Liz Meyer, CEO of the CMU Foundation. “They can make an additional investment knowing that this institute is a tangible way to help improve the Colorado wine business for generations of winemakers.”

To contribute to the $ 50,000 Matching Fund program for Warren Winiarski, Gerald Ivancie Institute of Viticulture and Oenology, please visit or contact Rick Adleman at [email protected] .


Written by David Ludlam

El Dorado County Wine Growers Present Focus on Soil Sustainability for Healthy Plants and Clean Air, December 2 Thu, 17 Jun 2021 02:36:49 +0000

PLACERVILLE, California: All grape growers, winemakers and interested parties are invited to join us on Wednesday, December 2 at 6:30 p.m., for a Focus on Soils, Soil Sustainability and Carbon Cultivation discussion for El Dorado County winemakers. Our guest speaker will be Fred Hunt recently from the Resource Conservation Districts of El Dorado and Georgetown Divide (RCD). Fred was RCD’s Soil Technician / Agriculture Specialist for 11 years and recently retired.

Durability, durability, what is it? What does this mean for vineyards and how does it apply to cultural practices? Growing carbon improves a plant’s ability to extract carbon dioxide from the air and put it into the soil where it releases oxygen and becomes a fertilizer. Healthier plants allow for increased sequestration of carbon dioxide. The discussion will focus on soil practices for healthier plants and cleaner air.

Join the scheduled Zoom meeting to better understand what this means for producers. Hear the good news about current cultural practices in El Dorado County and how to improve carbon farming practices. Bring your questions for Fred.

There is no charge to participate, but registration is required to get the Zoom meeting connection. Register at: / register / tZ0qde-hqTopHtfqwMmNW_gAXMCVbj2niiLK. After registering, you will receive a confirmation email with information about whether to join the meeting. Same-day registration is possible depending on the space.

About Fred Hunt

Fred Hunt was an “agricultural specialist” with the Resource Conservation District (RCD) for the past 11 years. He retired from this post on October 1. Before returning to El Dorado County in 2007, Fred worked in the Central Valley for 33 years in the fruit industry, growing or selling citrus, table grapes and fruit trees. Fred and his family continue to raise cattle and horses in El Dorado County. He is available for advice on resource matters, selection and maintenance of fruit trees and breeding. You can contact Fred at (559) 696-1373 or [email protected]

RCDs are special districts that represent the Natural Resource Conservation Service (NRCS) programs for county residents. The NRCS is a branch of the USDA. To learn more about the history and contacts of the Resource Conservation District, please visit: Contact Mark Egbert, District Director of RCD El Dorado and Georgetown Divide, at [email protected] or (530) 303-5328; cell phone: 530-957-3472.

For more information on the El Dorado Wine Growers Association, contact Karen Thomas at [email protected] or call 707-853-3025 and leave a message.


Buyers who love fine Burgundy fear a speculative bubble Thu, 17 Jun 2021 02:36:49 +0000

EVERY YEAR Berry Bros & Rudd, Britain’s oldest wine merchant, publishes a pocket price list. Reading old copies makes fans of quality quaff want to travel back in time. In 1909, a 12-bottle case of Domaine de la Romanée-Conti 1891, Burgundy’s most famous Grands Crus, cost 180 shillings (about £ 1,000, or $ 1,300 in today’s currency). In his historic London store, which opened in 1698, a single 18-year-old bottle of similar quality now sells for £ 25,000.

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Good wine is expensive to store, and its scarcity and high transaction costs make it, oddly enough, an illiquid asset. Despite this, its appreciation with age and its perceived ability to diversify portfolios have made it popular with investors over the past two decades. The value of wine traded annually between consumers, connoisseurs and collectors – the secondary market – has quadrupled to $ 4 billion since 2000, says Justin Gibbs of Liv-ex, a wine trading platform. He estimates that only 15% of those who buy wine from his website do so to drink it. Others see it as a store of value.

Fine wines are traded privately, at auction or through exchanges like Liv-ex, where members bid for listed vintages. The equivalent of an IPO occurs when the estates release their last vintages. There are also asset managers in the wine world, who buy and sell hundreds of cases on behalf of clients in the hope of making a profit. Great Britain is a major trade hub, not least because it offers the possibility of storing wine duty-free and VAT provided that it is kept in one of the few warehouses approved by the tax authorities. Many professional buyers thus hold their stock under the same immense vaults. Sometimes updating the records is all it takes to transfer ownership.

Investing in wine has long meant buying Bordeaux. But that is changing: the French region now represents 60% of secondary transactions, against 95% in 2011. The new selections are attractive. Bordeaux prices have performed well over the past three years, increasing by a third. But the value of fine Burgundy has more than doubled, according to the Liv-ex 1000 index.

One of the reasons is that greater price transparency has boosted buyer confidence. Fine wines, which do not generate cash flow, cannot be valued using financial indicators such as price / earnings ratios. But exchanges and sites like Wine Searcher, which collects quotes from merchants around the world, provide benchmarks. Apps that collect reviews from critics and consumers are also useful; The same goes for gadgets to improve traceability (although counterfeits remain a problem). Part of this money finds its way to new terroirs.

Investors are also increasingly sophisticated. Chinese buyers, whose thirst for Bordeaux kept prices afloat during the financial crisis, fled the region after 2012, when a crackdown on corruption caused demand for luxury goods to dry up. Many have since turned to Burgundy. Most wine investment funds, which in the 2000s managed 350 million euros ($ 396 million), almost all of them invested in Bordeaux, went bankrupt when the market fell. Such outfits have since reformed, increasingly trying to diversify.

Recent currency changes have made the main vintages a bargain. Burgundy was already cheaper than Bordeaux, and a dollar rally after 2015 put the region on the radar of American and Asian buyers (the Hong Kong dollar is pegged to the greenback). Italian, Californian and French regions have also become fashionable, explains Philip Staveley of Amphora, a wine portfolio manager. But the best of Burgundy is produced in very small volumes. Château Margaux, Bordeaux star, produces 11,000 cases per year; The Domaine de la Romanée-Conti produces 450. This amplifies the price movements.

Experts fear a bubble. “Everyone tells us that this is becoming absurd,” says Philippe Masset, oenologist. Younger vintages have become more expensive than older ones, the equivalent of a yield curve inversion. The Burgundy region gained 8% in November, while all the others peaked. Whether it lasts may depend on the price-performance ratio of the vintage released this month. But for now, investors see the glass as half full.

This article appeared in the Finance & Economics section of the print edition under the title “Fumer des barrels”

Just Enough Wines Launches Premium Wine In The Convenience Of A Can On September 30, 2020 Thu, 17 Jun 2021 02:36:49 +0000

High-quality, vintage, AVA-specific Pinot Noir and Chardonnay now available in cans through Just Enough Wines

San Francisco, California, September 29, 2020 – With the launch of Just Enough Wines on September 30, 2020, consumers will no longer have to choose between quality and convenience. By reinventing canned wine, founder Jessica Hershfield wanted to end the trend of unpleasant portable libations. Leaving a successful career in high tech, she set out to make a canned wine that exceeded expectations of poor quality. Just Enough wines are not only easy to pack wines, but also consciously crafted wines from premium vineyards and accessible to everyone. Offering an Edna Valley, Central Coast, CA Pinot Noir and an Eola-Amity Hills, Willamette Valley, OR Chardonnay, Just Enough Wines is one of the few to raise the bar and create vintage and specific canned wines. AVA. Escape the wait, break your routine, and take great wine anywhere with Just Enough Wines.

A former Stanford innovator, a native of San Diego and a former innovator of Google, Uber and Lime, Hershfield left her successful but unsatisfying tech career in November 2019 to start something she was passionate about. “I was tired of going down this predetermined path and decided there was more to living than just following the expectations of the world,” Hershfield said of his decision to break into the wine business. Regarding the mission of Just Enough Wine, “we believe that everyone deserves the opportunity to enjoy quality wine when, where and with whom they want. We have created a portioned wine in a practical and personal portion; where no bottle opener is needed, wine glasses are optional, pouring is not necessary and you are free to enjoy the wine the way it should, without the pretense.

The idea for Just Enough Wines was sparked by a common problem that wine drinkers often encounter; either drink too much wine or not finish the bottle and waste it a few days later. By producing a one-size-fits-all solution that is also of exceptional quality, Hershfield and his team sought to eliminate the pretense of wine and appeal to a modern consumer. The 250ml cans equate to approximately 1.5 glasses of wine, providing a convenient serving size for all wine needs. The right size cans mean fewer wasted unfinished bottles. Gluten-free, vegan, non-GMO, and no added sugar or concentrate, Just Enough Wines is the most sustainable choice for wine drinkers. Compared to the traditional glass wine bottle, the cans are infinitely recyclable and reduce the overall carbon footprint of wine shipping and production. Just Enough Wines also donates 1% of its income to environmentally friendly associations through its partnership with 1% For the Planet. Love of wine, respect for the land and a delicious no-fuss option for any occasion combine with Just Enough Wines.

Just Enough Wines Co-Founder and COO, Kaitlyn Lo, is from Marin, Calif., And is also a graduate of Stanford University. She spent four and a half years working in private wealth management at several Bay Area companies, including ICONIQ Capital and EPIQ Capital, before pursuing her MBA at the Ross School of Business at the University of Michigan. Meeting Jess during the first cycle, while they are both members of Pi Beta Phi, the duo work with a team of distinguished winegrowers and vineyard operators to craft wines that express the distinguished appellations from which they come. One of those talents in the wine world is Ross Bentley, head of winery operations at Just Enough Wines from Napa Valley. With over 11 years of winemaking experience, Ross has helped produce other distinguished brands including Hundred Acre, Cherry Pie, Layer Cake, and If You See Kay. Occupying various roles in the industry, such as compliance, marketing, project management, warehouse procedures, bottling and more, Bentley brings a high level of expertise to the passionate team at Just Enough. Wines.

Premium, practical and eco-friendly, Just Enough Wines delivers the quality of wine you deserve to enjoy when and where you want it. It’s canned wine you really want to drink! The new Pinot Noir and Chardonnay from Just Enough Wines are available on September 30, 2020 on their website. For brand updates and other news, follow Just Enough Wines on Instagram, Facebook and Twitter.

About Just Enough Wines

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Good wine is increasingly a sound investment – Robb Report Thu, 17 Jun 2021 02:36:49 +0000

The number one rule of investing is not to lose money – “buy high, sell low” is rarely the route to financial success. This is, according to one investment strategist, what makes the fine wine market a safe and ideal space for investors looking for stability in their portfolios.

“Historical studies have shown that the value of good wine will always appreciate above the rate of inflation,” says Tom Gearing, Managing Director of Cult Wines Asset Management, one of the leading investment companies in the wine industry. wine to the world. “Beyond its intrinsic value as a passion asset, good wine can have a stabilizing effect on investors’ portfolios because its performance is not correlated with volatile stocks.

Gearing, finalist in the UK edition of The apprentice in 2012, predicts that the global fine wine market will soar as growing wealth in Asia-Pacific drives increasing demand for an asset with limited supply.

“Southeast Asia and, of course, China are two of the regions that at the moment are pursuing a strong upward curve in terms of education and wine consumption. And this is not a short term lead. This will certainly continue for a long time, ”says Gearing.

Tom Gearing of Cult Wines Asset Management

Photo: Courtesy of Cult Wines

Growth in less obvious emerging markets is also fueling the surge in wine investment. Gearing recounted a recent conversation he had with Jean-Guillaume Prats in which the CEO of legendary Bordeaux producer Château Lafite Rothschild was downright stunned by the prospects in markets such as Mexico and Nigeria, where there is a growing interest in luxury spirits as well as in wines.

And don’t forget the good old United States of A. With California wines starting to take their place alongside the best old world vintages, the opportunities for U.S. investors have never been greater, according to Gearing. For nearly five years, the American Cult Wines Asset Management index, which represents 10% of the company’s global exposure, performed in the top three sub-regions of the company’s assets, alongside Burgundy and from Bordeaux. The gear sets the return of the U.S. index at 62% over the period from November 2013 to May 31, 2018.

Right now, most investors in the US are focused on the more established wineries and brands – classic Napa Cabernet Sauvignon – which have a bit more recognition and liquidity in the international market. Some of the emerging regions that produce excellent wines, such as Oregon and Washington State, from pure investment, have not performed as well as Northern California. . . again.

“Screaming Eagle, Opus One, Dominus and wines of that nature are already very well positioned in the wine collector market,” says Gearing. “But keep an eye out for mulled wines from other parts of the United States, because they’ll get there sooner rather than later. “

Gearing warns that there is no guarantee that global demand for fine wines will double, say, next year. It may take five years, maybe more. “No one can say for sure when this will happen, but he will be happen, ”Gearing says. “And that is what is so exciting about good wine from a bettor point of view.”

Investing in fine wines: sit back Thu, 17 Jun 2021 02:36:49 +0000

Quite naturally, we’ve had a lot of questions recently about how much resistance we might expect from fine wine prices in the current investment environment.

We have watched with great interest the sharp rise in the price of gold over the past eight months in response to what appeared to be a series of irreversible uncertainties, be it Brexit, geopolitics, negotiations. trade and tariffs, and now, of course, coronavirus.

By extension, clients have questioned the outperformance of gold over good wine under these circumstances. In uncertain times, we are told, investors seek comfort in physical assets. Good wine is a physical asset like gold, but its prices have fallen dramatically over the past year. The Liv-ex 1000 is down 4% against a 25% rise in 12 months for gold.

We would say, however, that not all things have been exactly equal over the past few months. The fine wine market has been hit by a triple whammy, which is quite unusual as we will explain. Any global market has a variety of customers, by definition. In the case of fine wines, the majority of buyers come from Hong Kong and China, the United States and the United Kingdom.

We noticed a few months ago that purchases from the Far East had eased considerably, as the unrest in Hong Kong began to neutralize the former colony’s ability to act as a warehouse, especially towards China. At around the same time, uncertainty over Brexit in the UK led to a decline in activity at the local level, while the imposition of tariffs on French wines by the US administration helped much of the shopping from there.

When you consider these factors together, it is remarkable that the fine wine market has performed as well as it has. If you add the perfectly reasonable profit taking of the Burgundy sector, that gives an idea of ​​the heavy load that the other sectors had to make. And now we have the coronavirus putting a further dent in the process.

When a marketplace is young, as is the case with great wines, there will usually be quite a bit of inconsistency, and Amphora customers know that we spend a lot of time looking at pricing inefficiencies that result, with a view to leverage and improve returns on investment. However, it is always heartwarming to know that there is some logical logic running through the market as a whole, otherwise the price differentials would never be arbitrated.

What we would have expected over the past year, in the face of the fronds and arrows above, would be an outperformance of non-French wines, and a widening of interest in Burgundy wines, and it is heartwarming to see that this is exactly how the market plays out. At the moment, it is difficult to see any reason to change this approach unless you have a particular view of the evolution of the coronavirus epidemic. Why?

A professional investor doesn’t have time for emotion and spends most of his time looking for ways to make money. To that extent, what has happened over the past two months will have raised this key question: Has the correction in stock prices given us a fantastic buying opportunity? This is not the place to explore this question, it is enough just to know that it exists. Evidence of the practical effects of this fact can be found in the rebounds that we see in stock prices from time to time during the current phase.

So how does all of this affect the fine wine market? In our opinion, the market is very broadly consistent when it comes to pricing its very wide variety of wines. It presents the kind of logical response to external influences such as those mentioned above (eg the outperformance of Italian wines). Therefore, its relative resilience over the past year is either indicative of paralysis or an underlying one. To help determine which ones it may be instructive to ask these questions: What would happen to prices if we removed some or all of the top three barriers? Can we look beyond the coronavirus? These are the questions a professional investor would ask.

As for the latter, you pay your money and you make your choice. It’s either “different this time” or the effects will be as small as those relevant to previous outbreaks like SARS and MERS. At this point, no one has a clue. As for the first, although we cannot know if and when American tariffs on French wines will be removed, we believe that the United States’ interest in fine wines is not waning and has simply moved elsewhere in the world. Marlet. As long as it helps expand the market, that’s a good thing.

Asian buyers are a slightly different matter. Chinese wealth and passion for fine wines has helped determine the fortunes of the fine wine market for a few years now. To a large extent, Chinese buyers have asked Hong Kong middlemen to help them access the world’s best wines, so the combination of political turmoil in Hong Kong and questions about Chinese economic growth posed by the coronavirus has considerably slowed down the procedures. Both questions are still open, so we should not expect great support from the Asian market at this time.

Whether or not we believe the Brexit uncertainty is resolved is currently of marginal importance given the unknowns elsewhere. We are reassured by the resilience of the market over the past year and confident that prices will rise once some of the current concerns have subsided. Until then, we would just continue to sit.

Philip Staveley is Head of Research at Amphora portfolio management. After a career in the City running companies in emerging markets for investment banks such as Merrill Lynch and Deutsche Bank, he now heads the good wine investment research proposal with Amphora.