Dec 25 (Reuters) – Wine sales at auction houses were flat to
lower in 2012, with lower prices for the top Bordeaux weighing
Values for Burgundies, which have long been in short supply
and as a result command high prices, vaulted to new peaks. But,
even so, the Burgundies could not make up for the Bordeaux
NEW YORK, Dec 18 (Reuters) – Experts are advising collectors
- and investors – to buy Bordeaux and sell Burgundies as yet
another economic study finds that over the long run, wine tops
equities when it comes to delivering high returns.
When collectors speak of investing in wine, they are usually
referring to First Growth Bordeaux, a group of five top-ranked
chateaux; the very best Burgundies, usually Domaine de la
Romanee-Conti (DRC); and then select wines from Italy,
California and Australia.
NEW YORK (Reuters) – Thanksgiving, the U.S. holiday that anyone who likes to eat loves to celebrate, is just a week away and experts agree there is not one perfect wine to accompany the feast, but many.
“No other holiday celebrates the gift of wine like Thanksgiving,” said Natalie MacLean, author of the new book, “Unquenchable: A Tipsy Quest for the World’s Best Bargain Wines.”
Nov 20 (Reuters) – Thanksgiving may be the most American of
U.S. holidays but wines accompanying the meal need not be
limited to home-grown varieties, wine experts said on Tuesday.
Big, bold California Zinfandels, Pinot Noirs from Oregon,
Rieslings from New York State and Norton wines from Virginia
will have a place on the table.
NEW YORK (Reuters) – Bargains for the world’s great wines may not be easy to come by but experts believe value can be found at any price point and to suit any preference or palate.
Whether it is buying second label wines — the younger cousins of the grand chateaux — or vintages from lesser known regions or countries, they say bargains are there for those who know where to look.
Nov 5 (Reuters) – Charlie Trotter, whose eponymous
restaurant was synonymous with fine dining in Chicago, is
auctioning off his million-dollar wine cellar which is known for
the size of its bottles as much as for what’s in them.
The 4,000-plus bottle collection, which Christie’s will
auction in New York, has a significant number of so-called large
formats. Some bottles are so large they require cradles and
cranks to decant.
NEW YORK (Reuters) – The global auction market for fine wines, which saw more than $500 million in sales in 2011, is expected to shrink to about $400 million this year as supplies and credit tighten and bidders back away from Bordeaux, experts said on Tuesday.
“Bordeaux accounts for 50 percent of the (auction) market, Burgundy 35 percent, which means that Italians, Californians, cults make up the rest,” John Kapon, auctioneer for Acker Merrall & Condit, explained.
NEW YORK, Oct 9 (Reuters) – North American winemakers are
having a near perfect harvest this year in stark contrast to
their European counterparts, who have suffered from bad timing
and worse weather.
In Portugal some vineyards are reporting yields down 40
percent and in parts of Burgundy in France hail storms have
destroyed nearly 80 percent of the harvest.
NEW YORK (Reuters) – Europe is in the midst of another crisis: not debt, but grapes. Yields are sharply lower, down nearly 40 percent in some of parts of Portugal, which means winemakers will have fewer grapes to blend and, in the end, fewer bottles to offer.
The situation is even worse in parts of Burgundy, where hail storms pummeled vineyards in Pommard, Santenay and Volnay destroying nearly 80 percent of the harvest, according to the Burgundy Wine Board (BIVB). When the growers were not fighting cold weather or hail, mildew and fungus threatened.
June 15 (Reuters) – If the secret to investing is buy low
and sell high, the steep drop in fine wine prices – down between
25 percent and 40 percent from a year ago – could be an
opportunity to diversify a portfolio – or not.
“I think there’s plenty of air left in this bubble. There’s
more of this drop to come,” economist and author Robin Goldstein
said on the sidelines of the American Association of Wine
Economists’ (AAWE) annual conference at Princeton University