UNWTO Secretary-General: ‘The climate emergency is a bigger threat than Covid’
“Going back to the old normal is not an option.”
https://www.unwto.org/news/unwto-secretary-general-the-climate-emergency-is-a-bigger-threat-than-covid
#restarttourism #tourisminvestment #greenvinestment #tourism #climatechange #climateemergency #winetourism #globalwinetourism #UNWTO #news #winenews #winelovers #hospitality #hospitalitynews #sustainability #WTTC #travel #travelnews
Fine wine prices have risen consistently over the past 17 months, the market’s most bullish period to date.
The Liv-ex Fine Wine 100 index, which tracks the price performance of the 100 most sought-after fine wines on the secondary market, rose 2.2% in October to close at 372.44 – an all-time high.
This is according to a recent article from Liv-ex (the London International Vintners Exchange) titled ‘Fine wine’s benchmark index sets a new record’, which explores how and why the index has set a brand-new record in October.
The article looks at the history of the Liv-ex Fine Wine 100 index, which can be found on Bloomberg terminals. It was officially launched in December 2003 but backdated to July 2001, in its first two decades, it has increased 272.4%, survived three global financial crisis and returned more than the S&P 500.
With fine wine prices consistently rising over the last 17 months, the longest bullish period in the fine wine market to date, it indicates high investor confidence and a healthy market.
Liv-ex is the London-based global marketplace for the wine trade, where 550 fine wine businesses from around the world buy and sell wine. What happens on the exchange is a reliable indicator of the health of the secondary wine market.
#livex #wineinvestment #finewine #winecollectors #wineexperience #vin #wine #bordeaux #winestagram #instawine #winecollector #france #italy #winelive #wineeconomics #winebiz @livex #winelovers #winemarket #winenews
On the occasion of the 161st edition, the profits from the sale of the charity auction “Pièce des Présidents” will be donated to two associations that work to support women’s causes:
In addition to supporting charitable causes (established in 1978), the Hospices de Beaune Wine Auction also enables investments to be made to meet the health needs of the region, namely the improvement of medical equipment and the modernization of infrastructures. The completion of the reconstruction of the Philippe le Bon Hospital represents an investment of 70 million euros spread over the next 6 years.
This is the first time the Hospices de Beaune has partnered with Sotheby’s and will be presenting 349 barrels for sale:
293 barrels and 2 half-barrels of red wine
56 barrels and 3 half-barrels of white wine
The 148th Fête des Grands Vins de Bourgogne brings together some 700 estates, producers and cooperatives, who will be offering their latest vintage for tasting. In total around 3,000 wines will be on offer.
Auction Details
Date: Sunday 21st November
Time 2.30pm – 161st Hospices de Beaune Charity Wine Sale
Location: Halles de Beaune, Place de l’Hôtel Dieu, Entrance B for journalists and others – (invitation only)
#Wineauction #BourgogneWines – #HospicesdeBeaune #auction #charityauction #winelovers #winenews #winecollectors #instawine #frenchwine #Bourgogne #redwine #whitewine #grandsvinsdebourgogne #vin #vintagewine #hospicesdebeaune #beaune #burgundy #beaunetourisme #bourgognetourism #bourgognelovers hospicesdebeaune #beaune #burgundy #bourgognetourism #bourgognelovers #Sothebys #Sothebyswine
