Christmas Wine: Chateau Palmer 2001

Christmas Wine: Chateau Palmer 2001

Margaux, France
Merlot 44% Cabernet Sauvignon 51% Petit Verdot 5%

Tasting Notes:
Stunning deep ruby; introverted nose at first instance and slowly opens up revealing various wood and spice aromas  with hints of ripe black fruits and mocha; on the palate the fruit is exquisite, with hints of herbs and tobacco, the tanks are subtle; good structure, well balanced and mellow long finish.

[decanted 2 hours before]

Ready to drink but still can keep for a few more years

93 points

#wine #redwine #bordeaux #bordeauxwine

#chateaupalmer #christmaswine #investmentwine #wineinvestment

#wineinvestor #christmas #womeninwinetalks #womeninwine

FIVE LAWS IMPACTING THE DRINKS WORLD IN 2021

Five Laws Impacting the Drinks World in 2021

http://www.spiritedbiz.com/five-laws-impacting-the-drinks-world-in-2021/

#wine #winenews #cocktails #wineeducation #hospitality #beer #Spirits #wineproduction #industrynews #cannabisdrinks #winelovers #wineeconomics #winebusiness #businessofwine #wineexporting  #winewinewine

Why has confidence in fine wine increased in 2020?

Despite the headwinds of 2020 – tariffs, Brexit uncertainty and the global pandemic – the wine market has remained robust. Today’s post examines what has changed and offers an explanation as to why we are seeing greater confidence in the market during these exceptional times.

Increased liquidity

One of the key changes this year is an increase in market liquidity, which is reflected in the rising value of bids and offers on the Liv-ex marketplace. The total exposure (total value of bids and offers) reached a new record high of £81 million last week – a £30 million increase this time last year.

In recent months, both bids and offers have been on the rise. The bid to offer ratio (i.e. the total value of bids divided by the total value of offers) currently stands at 0.6. Traditionally, a bid-offer ratio of 0.5 or higher suggests positive sentiment.

A broadening market

Another noticeable difference is that more wines than ever are attracting buying interest, taking market share from the traditional strongholds of Bordeaux and Burgundy. As the chart below shows, the wine market has undergone considerable broadening in the past decade. Bordeaux’s share has halved from its peak in 2010 when it accounted for 95.7% of secondary market trade by value. As its share declined, others shined. Burgundy was the first and main benefactor; its trade share rising from 0.6% in 2010, to a record high of 19.7% in 2019. It has dipped slightly this year to 17.4%.

This year, Italy has been the big winner. Having reached an annual average of 8.8% in 2019, Italy now accounts for 15.3% of fine wine trade. As recently highlighted, the US wine market is also developing at unprecedented rate. USA accounted for just 0.1% of trade in 2010. Year-to-date, it stands at 7%.

And then, there is the Rest of the World – an increasingly diverse category. Up from 0.8% in 2010 to 5.9% in 2020, RoW trade so far in 2020 has been led by trade for Australia (1.8%), Spain (1.4%) and Germany (1%), though wines from Argentina, Austria, Chile, and Portugal to name but a few are seeing more and more activity.

What has changed?

So, why are we seeing such increased confidence in the wine market? One well-documented explanation is that investors are seeking to put their money into safer assets in these uncertain times. Historically, fine wine has offered steady returns and low volatility.  Another explanation is that there are simply more market participants than ever before. The number of wine businesses trading on Liv-ex has increased 15% in 2020 alone. This increase in members reflects a growing trend since the Covid-19 pandemic took hold – businesses are looking for web-based solutions to grow their sales.

One such solution is trading automation. Trading automation makes it easier for merchants to list stock for sale, exposing their diverse inventory to an ever-growing marketplace. Regions that once struggled to find a secondary market have been benefitting from the shift to online sales, particularly as lockdowns have closed much of the physical retail. Through APIs, stockholders have been able to list and advertise various wines to a far greater audience, as merchants have connected their customers to this ever-broadening market. Subsequently, wine merchants and private collectors have been able to find less well-known wines from a greater range of wine regions.

Despite an early swoon as the first lockdown took place, the fine wine market would seem to be in a relatively healthy place today. As a tangible, finite asset, it offers stability in a volatile world. It also of course offers a great deal of pleasure for imbibers who are locked down and deprived of their usual wining and dining! And importantly technology, as in so many sectors, has helped merchants from across the globe, to adapt, making wine more accessible and more exciting to all with an interest in it. Combined, these three things have put the wine market on a firm footing in 2020.

Source: Liv-ex

 

 

Château Montrose Bicentenary Case Sells at Auction

To mark the launch of the Bicentenary case, Château Montrose entrusted the sale of case No. 1/200, to Hart Davis Hart Wine’s online “Finest & Rarest Wine Auction”. The auction took place on Saturday 24 October, with bidding closing at $24,000. The winning bidder, a collector from United States, will also be enjoying a memorable experience during a private stay at Château Montrose.

The bicentenary custom-designed case is a true “cabinet of curiosities” with a limited edition of 200 to celebrate our 200th anniversary. Inside are three numbered bottles in a rare 2-liter format: The 2014, 2016, and of course the 2015 bicentenary vintage, reflecting three rich and varied expressions of the Montrose terroir.  The case encompasses a cigar box and games compartment, which offers two decks of cards, two sets of dice, a set of dominoes, backgammon,150 casino chips as well as a humidifier and hygrometer.

The remaining 199 Château Montrose Bicentenary Cases will be available upon request : http://www.chateau-montrose.com/en/chateau-montrose-bicentenary-case-an-iconic-aquisition/

#wineauction #finewine #wine #winelovers #winecollectors #wineinvestors #winetasting #fineandrare #chateaumontrose #montrose #grandvin #grandcru #medoc #saintestephe #bordeaux #instawine #tradition #history #wineaddict #drinkbordeaux #redwine #frenchwine #secondgrowth #drinksbusiness #sommelier

“THE GRAPES FOR HUMANITY – SAVE HOSPITALITY FINE WINE CHARITY AUCTION

 

 Over 300 lots of exceptional wines, winery tours, autographed bottles

guitars donated by Rock and Roll Hall of Famers

Geddy Lee and Alex Lifeson of Rush

 

Monday September 28th – Wednesday October 7th, 2020
Online through
Waddington’s Auctioneers & Appraisers

Grapes for Humanity invites you to Save the Date for our “Save Hospitality Fundraiser” virtual fine wine auction September 28th – October 7th, 2020, presented by Waddington’s Auctioneers and Appraisers.  This special auction features not only some of the world’s finest and rarest wines, but also many lots of exceptional ready-to-drink wines from the finest wine regions.

“After years of enjoying their service, it’s our turn to serve them,” said Geddy Lee. “The Chefs, Sommeliers, Waitstaff, Delivery personnel, Farmers, Fisherman, Bakers and more whose livelihood has evaporated virtually overnight. Right now we must throw a lifeline to those who need us. I reached out to some fellow wine lovers and asked them to raid their wine cellars to help us raise funds to support staff and independent restaurant owners to weather this storm.”

At the top we have multiple vintages of first-growth Bordeaux and Grand Cru Burgundy, four vintages of the world’s rarest port, Quinto do Noval Nacional, 18 vintages of Australia’s most famous wine Penfold’s Grange, Pinot Noirs from the only two great growths of New Zealand Ata Rangi and Felton Road and 25 lots of the inaugural Cuvee of the Heart Pinot Noir and Chardonnay blended by Thomas Bachelder Canada’s leading winemaker from contributions of 30+ Ontario winemakers! The Ferragamo lot features a 3 litre of their best wine Il Borro plus a tour, tasting, a dinner and a three night stay at their Relais et Chateau resort in the heart of Tuscany. We have rare verticals from historic Ontario wineries such as Cave Springs and Henry of Pelham.

For buyers seeking immediate enjoyment, we have Malbec from the historic Patagonian producer Humberto Canale, Sancerre from the 500 hundred year old Joseph Mellot winery in the Loire, powerful rich wines from Bodega Numanthia in Toro Spain, some of British Columbia’s finest plus award winning wines from Pond View Estates here in Ontario and mixed lots from exceptional wineries.

Whether you are looking for something to savour with tonight’s dinner or some wine to treasure and hold for future enjoyment…this auction has it all and more. However, don’t take our word for it, peruse the Auction Catalogue.

Proceeds will directly benefit Ontario Hospitality front-line workers through the Toronto Restaurant Workers Relief Fund; the Bartender’s Benevolent Fund; and independent Ontario restaurants through savehospitality.ca.  To find out more about Grapes for Humanity, visit grapesforhumanity.com.

Vintage wines, collectible rarities, memorabilia, and once-in-a-lifetime wine experiences for the emerging collector as well as the aficionado, this rare opportunity offers exceptional wine from multiple producers, varying vintages, and unique experiences.

Bid once, bid often and prepare to delight in your purchase for a good cause.

To donate funds or for more information, contact: 2dry@rogers.com