NEW YORK (Reuters Life!) – The quest for the perfect wine container has been going on since the Stone Age when our ancestors drank naturally fermented grapes from animal-skin pouches.
They are now back in vogue in the United States where at least three U.S. wineries are offering wines in high tech foil pouches that resemble children’s fruit drinks — only for adults.
NEW YORK (Reuters Life!) – A bottle of Veuve Clicquot salvaged from a 19th century shipwreck in the Baltic Sea set a world record for Champagne on Friday when it sold for 30,000 euros ($43,630) at an auction in Aland, Finland.
It is one of two bottles from a cache of 145 recovered from a two-masted schooner. The Clicquot was sold to an Internet bidder from Singapore after a spirited round with an American bidder at the auction in Mariehamn, Aland’s capital.
Christie’s auction in Geneva on Tuesday claims to have set a world record price for a bottle of red Burgundy. A U.S. buyer bought the 750 ml bottle of 1945 Romainee-Conti for $123,889. But the house failed to sell its showcase lot of the auction — 315 bottles representing every vintage from ’45 to ’07 produced by each of the first five growths of Bordeaux.
Meanwhile in New York on Saturday, the star lot – a complete vertical of Chateau Mouton-Rothschild spanning ’45-’07 sold to an Asian collector for $150,000.
NEW YORK (Reuters Life!) – Patagonia, the huge swath of land at the southern tip of South America, is known for its rugged mountains and glaciers but an innovative group of winemakers are hoping to add wine to the list.
Santiago Bernasconi, a 38-year-old winemaker at Bodega NQN in Neuquen, Argentina, and his colleagues are making wine on the edge of the earth.
New York’s branch of Christie’s is auctioning a collection of 64 bottles of Mouton-Rothschild on Saturday that spans the years 1945-2007. It’s Geneva branch is auctioning a collection of 315 bottles spanning the same 62 vintages, but from all five first growths including Mouton-Rothschild on Tuesday. (See story “Mystery collector to sell rare wines” [ID: nN10231397])
Saturday’s lot is selling for between $100,000 and $150,000, while Tuesday’s is estimated to sell for $696,000 to $929,000. And the price difference presents collectors with an arbitrage opportunity.
NEW YORK (Reuters Life!) – An anonymous French wine collector is giving new meaning to the term spring cleaning – at least when it comes to emptying out his cellar.
He is selling 315 bottles spanning more than 60 vintages from the top Bordeaux houses at Christies in Geneva on May 17 and was also behind the sale of 158 bottles of three centuries of Chateau d’Yquem in Hong Kong last May, which netted slightly more than $1 million.
NEW YORK (Reuters Life!) – Two bottles of champagne, thought to be about 200 years old and part of a cache of 150 salvaged from a 19th century shipwreck in the Baltic Sea, will be auctioned in Finland in June.
The cache, which belongs to the government of Aland, an archipelago in the Baltic, includes a bottle from the house of Veuve Clicquot and another from Juglar, which closed its doors in the early 19th century.
NEW YORK (Reuters Life!) – There’s a growing market for insuring fine wine as even people who had never thought to insure their liquid assets, or don’t even have a cellar, discover they have a valuable commodity.
“There are people who have not thought of insuring and they have been collecting for years,” Yannick Daucourt, fine art specialist for XL Insurance, said.
NEW YORK (Reuters Life!) – After buoyant wine auctions that saw booming sales, most auctioneers believe the only bubbles in the wine market are in the Champagnes poured during the bidding.
Chicago-based wine merchants Hart Davis Hart reaped $4.9 million at its Lafite auction on Saturday, reinforcing its image as the most sought-after, top growth Bordeaux. And on the same day New York’s Acker Merrall & Conduit sold $2.3 million at its auction.
NEW YORK (Reuters Life!) – The U.S. has given approval for the iconic Italian wine Brunello di Montalcino, which had been involved in a quality scandal, to be imported into the country.
The U.S. Department of Alcohol and Tobacco Tax and Trade Bureau (TTB), in a statement released last week, said that since Italy had certified the 2006 vintage it would allow the vintage to be sold in the U.S.