ZACHYS ANNOUNCES WORLD RECORD-BREAKING DEBUT EUROPEAN AUCTION OF WINES FROM THE CELLAR OF ENOTECA PINCHORRI TOTALLING £3.2 MILLION

After decades of auctions in New York and Hong Kong, the world’s leading wine auction house, Zachys, hosted its first European auction in London via livestream, on 12 September 2020. In a great success by any measure, the auction was sold out and realized £3,153,952. The wines and aquavit in the auction were from the legendary cellar of three-Michelin-star Enoteca Pinchiorri in Florence, Italy. The sale included Coche-Dury, Rouget, Dujac, Ramonet, Leflaive, Jayer, Liger-Belair, DRC, the First Growths, Pétrus back to the 1920s, Le Pin, Yquem back to the 1920s, Masseto, Ornellaia, Krug, Chave, an amazing collection of Italian aquavit in beautiful hand-blown Murano glass, all curated by the restaurant’s owner Giorgio Pinchiorri. The auction was live-streamed from Zachys’ home office in New York, by Zachys President Jeff Zacharia and Head of Auction Sales Charles Antin, while bidders logged in from home, along with intimate get-togethers in Stockholm, Geneva, Beijing and at Cabotte Wine Bar and Restaurant in London. Bidders from 20 countries, including the UK, US, UAE, China, Hong Kong, Israel, Switzerland, Sweden and Monaco, all vied to take home a piece of vinous history. The 864-lot auction featured 2,507 large formats including nebuchadnezzars, methuselahs, jeroboams, magnums and was 100% sold. 26% of the auction, or 226 of the lots, set new World Records, and an astonishing 55% of the lots set European Records, despite this being Zachys first auction in the UK. The top World Records include:

• A single magnum of 1979 Jayer Richebourg for £47,120

• A single magnum of 1990 Roumier Musigny for £47,120

• A single imperial of 2009 Pétrus for £42,160

• A single bottle of 1985 Jayer Richebourg for £34,720

• A single methuselah of 1981 DRC RSV for £29,760 Zachys sold over £115 million worth of wine at auction and retail in 2019.

In March 2020, as Covid-19 forced bidders to stay at home, Zachys quickly transformed into a digital business and was the first major auction house to offer its live auctions fully online, allowing clients to bid from anywhere globally. Despite COVID-19, Zachys has had its busiest first half-year ever, overreaching projections with over £34 million in year-to-date auction sales. Since the start of the pandemic, all live auctions have taken place through Zachys’ “Studio Sales” live-streamed, sometimes with over 150 people in the “virtual room,” watching the auctioneer from New York. Zachys even carried out a Hong Kong sale on EST, which took place 10pm-4am. Zachys’ global team hosts now-famous bidding parties, where potential buyers in Beijing, Shanghai, Stockholm, London, Hong Kong, or elsewhere can get together in small groups, enjoy a glass of Burgundy, some fine dining, and bid in real-time. The “Studio Sales” have made Zachys auctions more accessible as bidders are no longer required to attend in person. Zachys has offices in New York, Los Angeles, Napa, Washington DC, Hong Kong, Beijing, Shanghai, Stockholm and Paris. London, the historic centre of wine buying and trading worldwide, was the obvious choice for Zachys’ new European hub. Zachys’ presence in the UK capital is a key piece in a global expansion strategy that ensures the company’s global clientele will receive the same level of service regardless of time zone. Christy Erickson, Head of Europe, Zachys said: “We’re delighted with the results of our European debut. We were coming into the auction against a backdrop of global uncertainty due to the ongoing pandemic, but since wine auction sales in 2020 thus far have exceeded our January projections, we decided to forge ahead. And we’re glad we did: this auction shows that the fine-wine auction industry is still booming, and our buyers’ appetite for quality shows no sign of slowing. We’re thrilled to have set a 226 World Records and achieve over double our pre-auction estimate for this collection. We can now look forward to three more sales in New York and Hong Kong in September, three auctions in New York in October, and then we’re back in November for our second sale in London.’’ In addition to its upcoming auctions in New York and Hong Kong, Zachys will follow up the London auction with a multi-vendor sale in the city in November 2020. Visit the auction calendar here: http://www.zachys.com/auctions.

THE CHAMPAGNE 2020 HARVEST REPORT “SPLENDIDE!”

2020 completes an exceptional trilogy for the harvest: as in 2018 and 2019, the weather conditions have offered a very high-quality harvest, which is one of the requirements to make a great wine. The beginning of the year was particularly wet with the dampest February on record. Heat and drought set in mid-March and the vines were 16 days ahead on a 10-year average; it will not lose this edge, even registering an exceptionally fast maturation process the week before the harvesting.

While last year’s temperature record was broken (42.9°C), this year it was the driest July in history. Due to the drought, the grapes are of a lighter weight than average but in excellent sanitary condition. The musts are well balanced, fruity, with a beautiful freshness and a great aromatic expression; the alcoholic degree lies between 10 and 10.5% vol.

The year 2020 is, of course, characterized by the health safety measures linked to the Covid-19 epidemic, which had to be put in place for the 120.000 seasonal workers recruited in vineyards or pressing centres.

Given the maximum yield limited to 8,000 kg/ha, the harvest was carried out, individually, a little faster than usual but spread over a normal period of about three weeks, given the heterogeneity of maturation between vintages and grape varieties. The tasting of berries and seeds and the analysis of the sugar content present in the grapes allow each winemaker to adapt the beginning of his harvest and optimize his grape picking circuit, plot by plot, at optimum maturity.

With the superb trilogy 2018, 2019, 2020, Champagne should have in a few years blends and, probably, exceptional vintages, all living up to the celebrations of the event that the whole world is waiting for: the end of the Covid-19 pandemic.

French Version

′′2020 complète en effet une trilogie exceptionnelle : comme en 2018 et en 2019, les conditions météorologiques ont offert une récolte de très grande qualité, première des conditions pour élaborer un grand vin. Le début de l’année a été particulièrement arrosé avec le mois de février le plus humide jamais enregistré. Chaleur et sécheresse s’installent dès la mi-mars et la vigne débourre avec 16 jours d’avance sur la moyenne décennale ; elle ne perdra plus cette avance, enregistrant même une dynamique de maturation exceptionnellement rapide la semaine précédant le ban des vendanges.

Alors que l’an passé, le record de température avait été battu (42,9°C), cette année, c’est le mois de juillet le plus sec de l’histoire qui a été enregistré. En raison de la sécheresse, les grappes sont d’un poids inférieur à la moyenne mais dans un excellent état sanitaire. Les moûts sont équilibrés, fruités, présentent une belle fraîcheur et une grande expression aromatique ; le degré alcoolique se situe entre 10 et 10,5% vol.

L’année 2020 se singularise bien sûr par les mesures de sécurité sanitaires liées à l’épidémie de Covid-19 qui ont dû être mises en place pour les quelque 120 000 saisonniers recrutés dans les vignes ou les centres de pressurage.

Compte tenu du rendement maximum limité à 8 000 kg/ha, la récolte a été effectuée, à titre individuel, un peu plus rapidement que d’habitude mais s’est étalée sur une durée normale d’environ trois semaines, compte tenu de l’hétérogénéité de maturation entre crus et entre cépages. La dégustation de baies et de pépins et l’analyse du taux de sucre présent dans les raisins permettent à chaque vigneron d’adapter le début de sa vendange et d’optimiser son circuit de cueillette du raisin, parcelle par parcelle, à maturité optimale.

Avec la superbe trilogie 2018, 2019, 2020, la Champagne devrait disposer dans quelques années d’assemblages et, probablement, de millésimes exceptionnels, à la hauteur des célébrations de l’événement que le monde entier attend : la fin de la pandémie Covid-19 ′′.

Source : Comité Champagne

WOMEN IN WINE TALKS Announces an exclusive “Live Talk” with Albiera Antinori – Tenuta Guado al Tasso and Priscilla Incisa della Rocchetta – Tenuta San Guido

WOMEN IN WINE TALKS

hosted by

Liz Palmer, President – Les Dames d’Escoffier (Ontario Chapter)

 

It is our great pleasure to invite you to be part of an exclusive “live talk” with

Albiera Antinori – Tenuta Guado al Tasso

and

Priscilla Incisa della Rocchetta – Tenuta San Guido
Bolgheri, Tuscany, Italy

 

This event is scheduled for

Monday, September 21st at 7 pm (Rome time) on Zoom Platform  

Shari Mogk-Edwards (Canada) and Filippo Magnani (Bolgheri) will modulate the discussions between Albiera Antinori and Priscilla Incisa della Rocchetta. You will learn about the amazing story of their families, the Bolgheri territory, and its wines.  This is not to be missed!

 Albiera and Priscilla, two women representing two historical and renowned Italian wine estates in Bolgheri, producing the iconic wines Guado al Tasso and Sassicaia. Nowadays, these two women together with Cinzia Merli from Le Macchiole winery, are also guiding the direction of the Board of Consorzio DOC Bolgheri and will discuss the vision of this wine appellation and territory.

Filippo Magnani, one of the top global Italian wine travel experts in Italy, will provide an overview of Bolgheri as “the hidden gem of Tuscany”, and why Bolgheri should be the next wine destination for both wine enthusiasts and wine professionals.

Host and Organizer:

Liz Palmer – President of Les Dames d’Escoffier (Ontario Chapter), Award-winning author, Dame Chevalier de Coteaux de Champagne, Educator, Wine Judge and voted one of the “Top 20 Global Wine Influencers for 2020 “ and founder of UPSocial Wine and Spirits Agency www.liz-palmer.com

Speakers from Bolgheri:

Albiera Antinori – Owner of Tenuta Guado al Tasso in Bolgheri / President of Consorzio DOC Bolgheri Tuscany / Member of the Association Le Donne del vino in Italy  (The Women of Wine of Italy) www.guadoaltasso.it  

Priscilla Incisa della Rocchetta – Co-owner of Tenuta San Guido in Bolgheri / Vice-President of Consorzio DOC Bolgheri Tuscany / Member of the Association Le Donne del vino in Italy  (The Women of Wine of Italy). www.tenutasanguido.com

Moderators:                                    

Shari Mogk-Edwards is the founder of Shari’s Picks Consulting. Her career spans 36 years with the world’s largest single buyer of beverage alcohol – the Liquor Control Board of Ontario. As a former VP and head buyer at LCBO, Shari Mogk-Edwards tasted and selected wines and spirits from around the world. She developed Shari’s Picks and now makes wine recommendations. www.sharispicks.ca

Filippo Magnani – Wine Travel Expert in Italy and Writer  (The Italian Wine Insider). In 1999 he founded Fufluns Wine Tours, a boutique travel operator specialized in Wine Tours in Tuscany & Italy. www.filippomagnani.itwww.fufluns.com


Zoom link to join the Women in Wine Talk 7 PM (Rome)
on
Monday, September 21st 

[complimentary ticket] Click here for your complimentary ticket!

Eventbrite Page:

https://www.eventbrite.ca/e/women-in-wine-talks-with-albiera-antinori-priscilla-incisa-della-rocchetta-tickets-120133780371

We look forward to seeing you.

With warm regards,

Liz Palmer
Founder of Women in Wine Talks
President of Ontario Chapter Les Dames d’Escoffier

 

US Wine Market Adapts to “New Normal” According to Nielsen Report

US off-trade consumers are settling into new normal following the incredible sales spikes seen at the height of the pandemic, the latest data from Nielsen has shown, but US wine appears to be losing out to imports from New Zealand, Italy and France in the most recent weeks.

According to data for the week ending 22 August, wine in the US off-trade grew 17.4%, marginally lower than the previous week, and well below the 25.2% of the whole Covid period to date. Spirits meanwhile led the charge at with growth of 26.2% (down from 27.2% last week, or 33.5% over the whole Covid-period to date) led by the whiskey (24.2%), which accounts for a third of the spirits category, tequila (+59.1%), ready-to-drink cocktails (+101%) and cognac (+53.2%).

Hard seltzers also saw triple-digit gains, up 113% this week, compared to the same period last year. Although this growth has slowed slightly, it still accounts for 10.2% of sales in the latest week.  Craft and super-premium beer also showed strong sales within the core beer category, which rose 9.8% overall.

Drilling into wine sales, sparkling wine grew well ahead of table wine, rising 35.5%, compared to table wine’s 13.3% growth.  However, the data showed sales of American table wine are losing out to wines imported from New Zealand (23.6%), Italy (23.3%) and France (18.7%) at a faster rate than pre-pandemic, with the market share of domestic table wine falling 3 percentage points, on the back of a 2.5 percentage point decline in Californian wine.

US Consumers are settling into a new normal, according to Nielsen’s vice president of beverage alcohol Danella Kosmal, with year on year trends up 18.5%

However, Kosmal stressed that although off-premise growth rates for alcohol continue to outpace growth rates of total consumer goods, the off-premise growth was not enough to make up for the total losses in on-premise channels. “There has been a significant shift in volume from on-premise channels, which has exaggerated growth rates for off-premise alcohol,” she said.

The latest data showed that the US Wine Market Adapts to “New Normal” According to Nielsen Report premise saw steady growth, showing the seventh consecutive week without decline, with the average rate of sale per average establishment up 3% compared to last week. This metric varied in different states across the US, with New York rising 4% in the last week, and Illinois seeing the strongest growth, at 11%, making it only a third (36%) below the ‘normal’ level of the same week last year.

However, the average rate of sale in outlets that are currently open is still down 22% compared to the same period last year.

San Pedro is launching a new wine brand to support (Glaciares Chilenos) Patagonian Glaciers

 

Chile’s Viña San Pedro is launching a new sustainable, organic wine brand called “South Cause” which will raise money to support Glaciares Chilenos, an NGO that aims to conserve Patagonian glaciers.

San Pedro, which is part of the VSPT group is launching the new wine brand in Europe, North America, and north Asia by the end of the year.

Labeled “South Cause” the new brand comprises four different wines: Cabernet Sauvignon, a red blend, Sauvignon Blanc, and a rosé, all targeted towards millennials and the younger generation of wine drinkers.

Rodrigo Romero, vice-president of global marketing for VSPT, described the new wine label as an “activist brand”, and he states:

“So far most of the things we have done have been in-house. We heard about Glaciares Chilenos and thought maybe we could have a role in this. And what better way to do it than create a new brand that stands for this sentiment. It proves it’s not an after-thought. It’s a range of quality wines that also embrace the cause.”

The wines are certified organic and vegan, will be released in eco-friendly packaging, which is either made from recycled materials or is itself recyclable.

VSPT has recently pledged to reduce the quantity and weight of its bottles and packaging so that 100% are separable, reusable, recyclable or compostable by 2030.

Sales of “South Cause” wines, will be priced between US$12-$15 per bottle, depending on the market, and will directly benefit Glaciares Chilenos.

VSPT has signed an agreement with the NGO which will see it give the organization a set lump sum each year to fund its scientific research and educational campaigns. The NGO will also receive a variable amount of money each year, based on sales of the wine.

Glaciers act as climate regulators, reflecting between 45% and 80% of the sun’s light, helping to cool the earth’s temperature. Glacier-melt causes sea levels to rise, leading to flooding and the loss of land. In the last six years, Chile’s glaciers have decreased by 8%, the equivalent of 1,800 Olympic-sized pools.

Glaciares Chilenos is dedicated to the preservation of Chile’s Patagonian ice fields, which represent 82% of the glaciers found in South America. The issue is particularly pressing given that 70% of the Chilean population is supplied with water originating from mountainous areas and the glacier refill zone.