“Connaught Bar” in London is named The World’s Best Bar, as The World’s 50 Best Bars List 2020 is revealed

The World’s 50 Best Bars were announced yesterday in London via a virtual awards ceremony, with London’s “Connaught Bar” clinching the No. 1 spot.

The awards’ list is organized by William Reed Business Media, which also produces The World’s 50 Best Restaurants list.

The 2020 winners

This year’s list includes bars from 23 countries, with 11 new entries.

The U.K. had the strongest showing, with bars in London accounting for eight of its nine rankings. Europe took 21 spots in total, more than Asia’s 15 and twice that of the Americas — North and South America lodged 10 slots in total.

Connaught Bar is known for its martini trolley, which allows waiters to prepare drinks at your table. Singapore dominated Asia’s rankings, with four bars being named among the world’s best, an outsized showing for the city-state that is home to nearly 5.7 million people. Tokyo registered three bars on the list, while Hong Kong and Taipei each netted two.

Sydney accounts for Australia’s three rankings, while Dubai’s Zuma bar gave the Middle East its sole award.

The full list includes

Connaught Bar, London

Dante, New York

The Clumsies, Athens

Atlas, Singapore

Tayer + Elementary, London

Kwant, London

Florería Atlántico, Buenos Aires

Coa, Hong Kong

Jigger & Pony, Singapore

The SG Club, Tokyo

Maybe Sammy, Sydney

Attaboy, New York

Nomad Bar, New York

Manhattan, Singapore

The Old Man, Hong Kong

Katana Kitten, New York

Licorería Limantour, Mexico City

Native, Singapore

Paradiso, Barcelona

American Bar, London

Carnaval, Lima

Salmon Guru, Madrid

Zuma, Dubai

Little Red Door, Paris

1930, Milan

Two Schmucks, Barcelona

El Copitas, St. Petersburg

Cantina OK!, Sydney

Lyaness, London

Himkok, Oslo

Baba Au Rum, Athens

Panda & Sons, Edinburgh

Swift, London

Three Sheets, London

The Bamboo Bar, Bangkok

Tjoget, Stockholm

Buck and Breck, Berlin

Employees Only, New York

Bulletin Place, Sydney

Bar Benfiddich, Tokyo

Artesian, London

Sober Company, Shanghai

Indulge Experimental Bistro, Taipei

Bar Trigona, Kuala Lumpur

Drink Kong, Rome

Room by Le Kief, Taipei

Alquimico, Cartagena

High Five, Tokyo

Charles H., Seoul

Presidente, Buenos Aires

 

This year, the voting process changed to highlight emerging bar scenes around the globe, said Mark Sansom, content editor for The World’s 50 Best Bars.

The 50 Best organization appointed an outside chairperson to 20 geographical regions around the world. Each chairperson then chose a voting panel for each region, which cumulatively formed the organization’s voting “Academy.”

“The 540-strong Academy is made up of drinks experts, including bartenders, bar managers, drinks consultants, brand ambassadors, drinks writers, historians and cocktail aficionados who are selected for their knowledge of the international bar scene,” said Sansom.

How will the US Election Impact the Fine Wine Industry?

US voters and political animals of all stripes are nervously/eagerly examining every potential outcome of one of the tensest US elections of recent times but what effect could the outcome have on the fine wine market and tariffs placed on European wines?

Last year the current incumbent of the Oval Office, President Trump, embarked on a trade war with the European Union over subsidies given to Airbus, part of his ‘America First policy’, while the EU hit back pointing to beneficial subsidies the US had given to Boeing.

Both sides began placing tariffs on a wide assortment of products, with the US imposing tariffs on US$7.5 billion worth of EU goods – including wine, spirits and liqueurs – as result of this dispute.

Currently, still wine (not over 14% ABV) made in France, Germany, Spain and the UK transported in containers of two litres or less; Scotch whisky; single malt whiskey from Northern Ireland; and liqueurs made in Germany, Ireland, Italy, Spain and the UK that are exported to the US are subject to 25% import tariffs.

An additional spat with France over taxes paid by American digital companies based in France earlier this year threatened to see the tariffs on French wines increased to 100% but this did not transpire in the end.

This has undoubtedly had an impact on the fine wine market. Italy is a country whose wines, principally from Tuscany and Piedmont, have been gaining in momentum for some time now but with Italian wines exempted from the tariffs imposed last year their trade has really taken off.

Liv-ex’s regional indices show the Italy 100 (tracking 10 of the most traded Italian labels on its platform) is up 4.2% over the last year, the second best-performing index over that period and 4.6% on the year-to-date.

Is all of this trade coming from the US? No, the UK is also getting a taste for Italian wines but it’s no coincidence that Italian vino, for which the US has long been a major market, is exempt from these taxes and now surging.

The same is true of Champagne, which was also exempt from extra tariffs. The Champagne 50 index on Liv-ex is the best-performing over the last year and year-to-date (up 6.5% and 6.8% respectively), again this is part of a long-building momentum for this category as a result of a steadily broadening market and not at all purely down to a sudden influx of US buyers.

There has also been increased activity for US wines on the Liv-ex platform in recent months. Towards the end of last month the Exchange reported increased activity for the latest release of Opus One as well as a variety of Napa labels from the 2013 vintage. October was also the best month ever for American wines traded by value on the platform.

It’s not that US buyers have shied away from staples such as Bordeaux and Burgundy completely. US auctioneers are still seeing pretty healthy prices for these wines consigned at auctions but these are wines already in the United States and so not subjected to tariffs.

Likewise Château Palmer’s recent re-release of its remaining 2010 vintage stocks actually attracted a fair amount of interest in the States, so tariffs have not killed trade in French wines dead by any means – it’s just restricted it to those with greater means. And when a bottle of Domaine de la Romanée-Conti is, on average, now 10 times more than a bottle of first growth claret, what’s 25%?

And of course, US buyers can buy wine and store it in Europe, it doesn’t have to be landed in the US for decades, potentially. To assume the tariffs have ruined the fine wine market in the US is not an entirely accurate reading of the situation.

As Liv-ex’s sales director and co-founder, Justin Gibbs, told the drinks business: “It hasn’t proved to be a major dampener on the market this year, given all the headwinds.”

What of the on-going election therefore? At the time of writing, although the Democrat challenger Joe Biden is apparently edging ahead, the whole process is on a knife edge; with everything coming down to the very last votes in key states such as Wisconsin, Michigan, Pennsylvania, Arizona, Nevada and Georgia. All too close to call for now.

Biden, seems to stand a fair chance of claiming victory in several of these states, even by the narrowest of margins, which might be enough to give him the victory.

Of course, the prospect of legal challenges and recounts exists behind that as well so nothing can be assumed at this stage. If Biden were to win, however, the immediate logic would suggest an import wind change for fine wine in the US as it could signal the end of these tariffs.

This is the argument, Matthew O’Connell, head of investment at fine wine merchant BI, has taken. He said in a recent report: “The result of the US election is almost certain to have a material impact on the wine market, with the expectation that a Biden government will reverse the European trade tariffs imposed by Trump.

“We have already seen a slowing of trading activity in Italian wine and Champagne, the two regions which have most benefited by being exempt from the US trade tariffs. It is our expectation that we could also see a significant uptick in supply of US wines, which has been lower recently, if US collectors (and indeed US-based merchants) see the potential to re-enter the market to purchase French wines, particularly Bordeaux and Burgundy, without tariffs.”

Biden has been highly critical of Trump’s tariffs, especially those placed on China, which he said have been bad for the American economy. Nonetheless, one should not hasten to imagine he would automatically, unilaterally lift all tariffs that have been imposed, especially on EU goods.

The Democrat candidate has expressed concerns in the past over those EU subsidies given to Airbus among other dealings and has displayed an extremely ‘Buy American’ message in his campaign rhetoric. Not to mention that should Biden win by the slimmest of margins and should the Senate and House of Representatives go against him or end up deadlocked, repealing what Trump has put in place may be politically inadvisable, extremely difficult if not impossible for a good while.

Gibbs, was more cautious when speaking to the drinks business. As he said: “I would be careful on this. The idea that the tariffs are purely a Trump thing is missing the mark. There are other concerns, other wines that drive markets. One might argue that at the very top end people are buying wine because they want it and will buy above the market price anyway [vis the Château Palmer re-release].

“The tariff war with the EU is an American thing not just a Trump thing. It’s a rebalancing of the relationship between Europe and America. Europe has traded on preferable terms with the US since the Second World War and the US has allowed this to happen.”

With the Cold War mentality fading into recent memory, however, this attitude as changed and it is sometimes forgotten that it was Barack Obama who actually began looking at realigning out the trade dynamic between the two blocks.

“I’d be careful assuming that Biden is going to reverse everything,” warned Gibbs.

The hope for European leaders and producers of course would be that Biden has a more free-trade approach and that he would be more flexible in future negations and discussions than Trump has proved.

With this in mind, the outlook for Bordeaux and Burgundy might be rather more positive going into 2021 – also bearing in mind that it’s unlikely anything on tariffs will be discussed by the new administration until the spring or even summer of next year.

On the other hand, one should not imagine that the lifting of tariffs is going to be a magic panacea for these two categories. Burgundy is flagging a little in some quarters because its prices have just hit an upper limit, while many Bordeaux estates continue to be hampered by their en primeur pricing strategies and the issue of stock retention which is likewise putting a cap on prices on the secondary markets, especially for more recent vintages.

A Biden victory therefore, could, of course, bring about a happy end to tariffs which would no doubt be a boon to fine wine trading at large but it would be sage advice to those betting on such an outcome not to hold their breath.

 

Sources:
Drinks Business
Liv-ex

Pouilly-Fuissé officially has its Premier Cru!

After a 12-year application process, the French National Institute of Origin and Quality (INAO) approved the classification making PouillyFuissé the first appellation within Burgundy’s Mâconnais sub-region to benefit from premier cru vineyards.

It’s a new era for Pouilly-Fuissé and probably for Mâconnais, joining now the prestigious classification established a long time ago in the Côte de Beaune and Côte de Nuits. The 22 “Premier Cru” represent a total of 194 ha under vine, accounting for 24 % of Pouilly-Fuissé’s total vineyard area (800 ha exclusively located on the four villages of Chaintré, Fuissé, Solutré-Pouilly and Vergisson).

The conditions of production of the Premier Cru are:

Maximum yield 56 hl/ha

Minimum soil’s rest of 3 years before replantation

No chemical herbicides

Minimum time of aging until July 1st

 

 

 

 

 

 

Women in Wine Talks with Chile and Argentina [October 20, 2020] Another Successful Sold Out Event!

I would like to thank our Women of Wine Talks panel members today who hail from Chile and Argentina. Each discussed their wineries, terroir, and other conditions that make their wines unique. During the last 15 minutes of the talk, there was a Q and A discussion period on sustainability, vineyards 1,000 meters above sea level, the wide variety of climates and valleys, in particular a cold climate valley in Chile, and the wine varieties that are emerging.

 Panel Members:

CHILE

Viviana Navarrete – Chief Winemaker of Viña Leyda

Viña Leyda was a pioneer in the development of cold climate coastal vineyards in Chile. Located just 4km from the sea, the marine influence sustains temperatures around 13°C. This allows the grapes to ripen very slowly, enhancing and improving its flavors, aromas and natural acidity, whilst providing a saline character to the wines. As such, Viña Leyda requested the creation of a new ” Leyda Valley” Appellation of Origin, which became official in 2002 giving rise to a new style of wine.  The Pinot Noirs and Sauvignon Blancs by Viña Leyda enjoy great international prestige.

ARGENTINA

Susana Balbo  Owner & Chief Winemaker of Susana Balbo Winery

After more than 30 years offering her talent to the service of national and international wineries, in 1999 Susana Balbo decided to make her dream come true, to have her own winery. It was at this point in time that she started the construction of Susana Balbo Wines, which is in the heart of Lujan de Cuyo in Mendoza.

Also, after over 10 years of sustained growth in the international wine trade, another dream of Susana´s came true: her children, José, a winemaker from UC Davis University (California) and Ana, Business Administration major from San Andrés University, joined the Susana Balbo Wines team.

Susana and her team comply with the highest international quality standards in all their processes, including Sustainability and Corporate Social responsibility platforms. Their philosophy is to produce terroir-driven wines to express the unique characteristics of each varietal. Susana Balbo Wines are amongst the most recognized and awarded wines in Argentina.

Andrea Ferreyra, Chief Winemaker Finca La Celia

A Pioneer is someone that leaves behind a unique legacy. Eugenio Bustos was one of them. When he arrived to Uco Valley, Argentina, more than 100 years ago, he sold his best horses to purchase land and planted a varietal grape from France, giving birth to Finca La Celia, named after his daughter. La Celia is the oldest winery in the Uco Valley in Mendoza, Argentina. This vineyard was the first one to plant Malbec in the region, which currently is the most iconic varietal from Argentina. La Celia has 400 hectares planted and ever since its first production, Finca La Celia has never stopped innovating. Their committed team of professionals, pursue their dream of producing excellent wines recognized worldwide, pushing the envelope always a little bit further, constantly innovating.

This group of formidable women leaders have been and are committed to the development of wine in their countries and internationally.

They have demonstrated through their life and work, and their leadership in their fields, that women make a difference. They have become incredible role models for their countrywomen and women internationally — and serve as an inspiration across countries, regions, and generations.

Thank you!

Wine Review: Louis Pommery NV Brut Sparkling – California

Pommery is closely associated with Champagne; a few years ago, Pommery expanded to the USA under “Louis Pommery”, using California grapes to make a new world style sparkling wine.

After eight years of R & D, Cellar Director, and oenological DevelopmentManager Thierry Gasco refined a revolutionary method to craft wine with encapsulated yeast, which eliminates all deposits from the bottle, gives the wine an unprecedented degree of clarity and brilliance.

Using the methode champenoise principle this wine is made with 96% chardonnay and 4% pinot noir grapes.

Louis Pommery is an ode to the maison’s iconic style, evoking vivacity, freshness and finesse.

Tasting Notes:

Beautiful straw yellow colour with a lively effervescence; soft aromas of toasted baguette, fresh flowers with notes of green apples which flow through to the palate; slight citrusy note; the finish is long and toasty.

A wonderful and well-priced offering.

92 points

Vintages Release Date: September 5, 2020 –  # 15894

Bottle Size: 750 mL bottle

Alcohol/Vol:12.5%

Made In: California, USA

By: Vranken Pommery America

Sugar Content:10 g/L

Style: Medium body

Varietal: Chardonnay Blend

Redefining California cool and set to become a game-changer in the sparkling wine category!

Liz Palmer:  Review October 15 2020