NEW YORK (Reuters) – Wine collectors, particularly from Hong Kong, bought more than $200 million worth of fine wines at auction in the first half of 2011, nearly doubling the amount for the same period last year.
But while the buying opportunities have expanded, prices for individual bottles have stabilized.
NEW YORK/TOKYO (Reuters Life!) – Beer, long the preferred beverage at baseball games, is seeing some competition from wine as North American stadiums go up market and increase their beverage offerings.
Wine has been seen as the beverage of choice by the upper classes, while beer and hotdogs have been staple fare at baseball games across the United States.
NEW YORK (Reuters Life!) – Wine producers from New Zealand, the United States and even France are switching from glass to plastic wine bottles, saying they are lighter, good for the environment and not bad for the wine.
The PET, polyethylene terephthalate, bottles are 100 percent recyclable, unbreakable, lighter and smaller to transport than glass and take less energy to create.
NEW YORK (Reuters) – It seems size does matter, at least when it comes to serving wine.
Some U.S. wine producers are taking a tip from their European cousins and are shipping restaurants and bars wine in kegs, instead of bottles. For consumers it should mean better wines at cheaper prices.
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.