Category: Press Release

The 2021 Fine Wine Market Report [Liv-ex] 

2021 has been an exciting year….

All previous records set in 2020 have been broken and surpassed in 2021, marking the most successful year ever for the secondary fine wine market.

Fine wine trading continually broke new ground in terms of the value of wine traded and the sheer breadth of wines now active in the market. Liv-ex Fine Wine 100 index, the industry benchmark (tracks the price performance of 100 most-traded wines in the secondary market), reclaimed and then exceeded its decade-old former peak, while the Liv-ex Fine Wine 1000 rose for 18 consecutive months.

Fine wine collectors returned in force to both classic labels and regions, even as the market base continued to broaden and diversify.

The recent publication of the 2021 Liv-ex Power 100 report explains many of the reasons behind this year’s results. After a challenging start to 2020, the impetus from the latter half of last year continued, unabated, throughout this year.

Key findings in the report:

  • 2021 sets new records for secondary market trade.
  • Fine Wine outperforms FTSE100 and gold.
  • Champagne is the top-performing region.
  • Burgundy’s share of trade hits a new high.
  • Bordeaux trade dips but First Growth share rises.
  • Blue-chip labels rule the roost though the market continues to diversify.

Link to the full report with charts:

https://www.liv-ex.com/2021/12/new-report-fine-wine-market-2021/

#livex #wine #finewine #wineinvestment #alternativeinvestment #winenews #winelovers #winecollectors #champagne #bordeaux #burgundy #winereport2021 #finewinelovers #winestorage #wineindustry #winebusiness #winetrade #trading #trends #winetrends #wineonline

The World’s 50 Best Bars 2021 Are Revealed

The 2021 edition of the World’s Best 50 Bars was announced this week at an awards ceremony in London, UK.

London holds the top two spots while New York has two spots in the top 30.

It’s also a notably more international affair than usual, with 17 countries represented in the top 50, and with 18 new entries spread across Australia, India, Mexico, Russia, Argentina, Sweden, Spain, China and the UAE.

London’s Connaught Bar took the No.1 spot as well as was awarded The Best Bar in Europe title for the second consecutive year.

Under the leadership of Agostino Perrone, Connaught Bar presents artful, modern drinks with graceful service in an elegant setting. Designed by the late David Collins, the Cubist-inspired bar is known for its unique Martini trolley, where bartenders give a highly personalized drinks experience to guests.

Other bars in the top five are London destination Tayēr + Elementary (No.2), rising star Paradiso in Barcelona (No.3), Athens favorite The Clumsies (No.4) and the acclaimed Florería Atlántico in Buenos Aires (No.5). The full list can be viewed list https://bit.ly/W50BB2021

Cocktail lovers add these drinking destinations to your 2022 bucket list!

#Worlds50BestBars #50BestBars #Bars #Cocktails #Travel #BarNews #Mixology #BucketList #Awards #AwardsCeremony #Bartender #Drinks #imbibe #drinkstagram #cocktailtime #bartending #DrinkPorn #Drink #CocktailBar #InstaDrink #Cocktaillovers

“OIV must embrace the digital revolution to stay relevant” – Pau Roc, OIV Director General

 

Pau Roc, the Director General of OIV has alerted the global wine industry to quickly embrace the opportunities afforded by new technologies, in order to stay relevant in a fiercely competitive world.

Speaking at the recent inaugural symposium on the Digitalization of the Vine and Wine Sector, Pau Roca, Director General of the International Organisation of Vine and Wine, said “digital tools and data sciences are driving the most innovative changes seen in our lifetime, transforming societies and the world economy.”

Rau Roca continued: “It is important to be mindful that these new technologies will offer invaluable opportunities – they will transform viticultural analysis. In order to remain relevant to our stakeholders, we need to expand our influence, reach new horizons and enhance cooperation amongst the main actors.”

Roca further added that the OIV needed to accept “a paradigm shift” towards embracing digital innovations.

“The next generation of OIV experts will continue this work, building on the foundations we lay today,” said Roca.

The symposium brought together leading experts from the academia, governments, international organizations and the private sector from different countries: Dr Adriaan Oelofse the Research, Development & Innovation Manager at WINETECH who spoke about the concept of smart vineyards, the professor expert in Artificial intelligence Dr. Bernard Chen from the University of Arkansas, professor at the Comillas Pontifical University and Blockchain expert Dr.Javier Ibañez, Mr. Fabián Torres who is a Principal Consultant at SICPA and also an expert in Digital Transformation and Guidance, and Mr Olivier Oram, expert in Blockchain and founder of Chainvine, a business that helps to reduce the cost of trust in moving wine all over and around the world.

 

#wineindustry #winetrade #wine #instawine #winesymposium #oiv #digitalmarketing #digitalinnovation #vin #vine #vineyards #OIV #smartvineyards #winenews

The Institute of Masters of Wine has announced three new Masters of Wine

The new members of the IMW are of three different nationalities, based in two countries. A special congratulations to Claire Blackler MW (UK), Michael Henley MW (New Zealand) and Siobhan Turner MW (UK).

Currently, there are 419 MWs globally, with 268 men and 151 women living and/or working in 31 countries.

The MWs have proved their understanding of all aspects of wine by passing the Master of Wine exam, recognized worldwide for its rigour and high standards.

About the Exam

The MW exam consists of three parts: the theory and practical exams taken at the end of stage two and the research paper submitted at the end of stage three. The RP is an in-depth study on a wine-related topic from any area of the sciences, arts, humanities, or social sciences. Only when an individual passes the third RP stage of the MW exam do they become a Master of Wine.

In addition to passing the exam, and before new members have the right to use the title Master of Wine or initials MW, they must sign the IMW’s code of conduct. By signing the code of conduct, MWs agree to act with honesty, integrity and use every opportunity to share their understanding of wine with others.

The stage two theory and practical exams were cancelled in 2020 and postponed earlier this year. They will now take place in seven venues across the globe from 31 August to 3 September 2021. Candidates who pass this part of the MW exam will move to the final RP stage later in the year.

The top countries where MWs are based around the world are Australia (28), Canada (10), France (18), Germany (10), New Zealand (16), the UK (209) and US (57).

#mastersofwine #mwvintage2021 #winenews #wineeducation #wine #winetasting #winelover #winetime #winestagram #winelovers #instawine #winelife #winery #winewinewine #redwine #winegeek #winelovers #instanews #womeninwine

iDealwine, France’s Top Wine Auctioneer for 6 Consecutive Years

The CVV has confirmed, for the sixth year running, that IWA (International Wine Auction, a subsidiary of iDealwine), is the leading wine auctioneer in France (for the sixth consecutive year), now boasting a 42% market share.
iDealwine has held 41 auction sales in 2020 (one auction every 9 days) with over 175,000 bottles auctioned for a total of €23.4 million including tax – meaning over 40% of all wine sold at auction in France (up from 37% in 2019). Auctions aside, iDealwine’s fixed price sales, which include wine sourced directly from partner properties at cellar door prices, have increased by 46% to reach €10m.  In total, iDealwine generated €33 million in sales in 2020 (+15%).

Despite the tumultuous year, the fine wine auctions market has remained comparatively stable, with iDealwine itself widening the gap in terms of market leaders. In France, wine auctions generated €47 million excluding commission (2019: €47m, 2018: €46m), which represents just 4% of the entire art and collectors’ items category. The art and collectors’ items category itself recorded a significant 22.4% drop in sales. IWA (and therefore iDealwine) has risen to rank as the eighth most important auction house in France in the art and collectors’ item category. Of course, much of this movement was accelerated by the pandemic. As a purely digital player in wine auctions, iDealwine was well placed to deal with the unique situation.
Cyrille Jomand, CEO of iDealwine, said: “We are delighted by this announcement. iDealwine recently welcomed new investment from entrepreneurial fund Capital Croissance. With this, we look forward to increasing iDealwine’s footprint not only in the fine wine world, but also in spirits via our new platform Fine Spirits Auction platform, which sees whiskies, cognacs, rums, and other fine spirits go under the hammer in partnership with La Maison du Whisky. iDealwine is also focused on its new bespoke cellar consultation and management service, offered to wine lovers, collectors, and investors.”
iDealwine has been named the number one wine auctioneer in France for the sixth consecutive year by the regulatory body for auctions in the country.
@idealwine_official #wine #winelovers #wineauction #vin #vinstagram #instawine #wineauctions #vinsbourgogne #burgundywine #bordeaux #wineinvestment #spiritsauction #winecollectors #wineinvestors #spirits #finewine #champagne