Leslie's Feed
May 17, 2011
via Shop Talk

Christie’s sets one wine record, blows another

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.

May 17, 2011

Making wine at the end of the world

By Leslie Gevirtz

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.

May 13, 2011
via Shop Talk

Arbitrage in Bordeaux

Photo

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.

May 10, 2011

Mystery collector to sell rare wines

By Leslie Gevirtz

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.

Apr 26, 2011

Champagne from Baltic Sea shipwreck up for grabs

By Leslie Gevirtz

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.

Apr 19, 2011

Insuring wine goes down the hatch, not up in smoke

By Leslie Gevirtz

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.

Mar 22, 2011

Wine auctions see booming sales

By Leslie Gevirtz

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.

Mar 14, 2011

U.S. gives approval for import of ’06 Brunello wine

By Leslie Gevirtz

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.

Mar 1, 2011

Winemaking in Loire-express yourself and terroir

By Leslie Gevirtz

ANGERS, France (Reuters Life!) – More than 600 Loire valley winemakers gathered in Angers earlier this month for three days of tasting and touting their terroirs.

But the vignerons, whose vineyards are spread along the banks of river’s 630 miles, are as varied as the terroir or soils they till and the more than 740 million gallons (28 million hectoliters) of wines they produce each year.

Feb 14, 2011

Looking for a wine with that steak? Try the iPad

By Leslie Gevirtz

NEW YORK (Reuters Life!) – A Chicago steakhouse is among the latest in a growing list of eateries around the globe that have scrapped conventional wine lists and instead are offering diners an iPad loaded with wine information.

The apps contain photos, tasting notes, vineyard maps and even winemaker videos to help customer make a choice from the sometimes hundreds of wines on offer.