Category: News

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/

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Belgian Nuns [Centuries later] Join Monks in Beer Production

Maredret Abbey in Belgium is a 20-strong Benedictine community, founded in 1893. The Abbey’s nuns, struggling to scrape together the funds for much-needed renovation work, turned to brewing beer.

The Abbey teamed up with a brewer five years ago, in the hopes of producing beer infused with some of their history and values, in order to fix their leaky roofs and cracked walls.

Abbey beers, where a brewer pays royalties to use the Abbey name, are common in Belgium. But until now only monks have been associated with these brews.

The Belgian nuns, in association with brewer and importer John Martin, launched two beers this summer. Maredret Altus is a 6.8% amber beer using cloves and juniper berries, and Maredret Triplus is an 8% blond incorporating coriander and sage.

“It’s good for one’s health. It aids digestion. All the sisters like the beer, we are in Belgium after all,” said Sister Gertrude. Each nun is permitted to enjoy one bottle of beer every Sunday.

“We wanted a beer made from spelt, for which we have great esteem because of its virtues, as well as medicinal plants, since our aim was to make a beer that could improve the health of people. Our project was about respect for human nature, which consists of not eating and drinking just anything. A herbal beer met our goals of helping people with their health very well” says Sister Gertrude.

Spelt is a grain mentioned in texts by Saint Hildegard, a German Benedictine abbess from the 11th century who has inspired the Belgian order. Plants commonly grown in the nuns’ garden are also used.

Production is close to 300,000 bottles per year, according to head distiller and great-grandson of the brewer’s founder, Edward Martin. He predicts that this will rise to around 3 million in a couple of years. The beer has already launched outside of Belgium in Spain and Italy.

Maredret Abbey is just a kilometre from male counterpart Maredsous Abbey, whose beer, made by Duvel, is widely available.

‘All the sisters like the beer, we are in Belgium after all’, said Sister Gertrude

 

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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!

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“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

Masseto, Ornellaia, Tenuta Luce and CastelGiocondo to open offices in Bordeaux       

The prestigious Tuscan estates and the first wine estates in Italy to make such an investment, Masseto, Ornellaia, Tenuta Luce and CastelGiocondo are opening representative offices in Bordeaux during the first quarter of 2022.  These new offices will be set-up for the purposes of strengthening their worldwide sales network, starting with the French stronghold of fine wines.

Masseto, in 2009, was the first Italian wine to be distributed through La Place de Bordeaux. Ornellaia followed suit in 2015. In the wake of their success, in 2019 Tenuta Luce and in 2021 CastelGiocondo Brunello also embraced the international distribution of La Place de Bordeaux. Since 2009, this choice has resulted in ever-increasing results. The Négociants boast a centuries-long history of the sale of fine wines at an international level.

“Making top-tier wines is not enough,” explains Giovanni Geddes da Filicaja, CEO of the Frescobaldi Group. “Knowing how to communicate this quality and choosing the perfect distribution is essential. By considering these years with La Place de Bordeaux as the first step and examining potential sales growth, it now seems logical for us to open a representative office in Bordeaux. Our goal is to strengthen our position by developing a deeper and more integrated relationship with the Négociants, no longer working from a distance, but in close contact with our partners.”

This new venture has been entrusted to Patrick Lachapèle, who will take on the role of Director of the representative office, returning to France after 16 years in Asia where he worked as the Asia-Pacific Export Manager for Baron Philippe de Rothschild and then as Director, Asia-Pacific, Middle East, Africa and South America for Ornellaia and Tenuta Luce. Patrick will work alongside the commercial directors of the four estates, which will remain individually managed.

Masseto wines are available to all markets through La Place de Bordeaux with the exception of Italy, United States and Canada where Masseto retains direct distribution. Ornellaia wines are available as well through La Place de Bordeaux with the exception of Europe, United States and Canada. In the case of Tenuta Luce, La Place de Bordeaux holds the distribution in Asia (with the exception of Japan), Africa and Middle East; meanwhile, CastelGiocondo is available with the Négociants in China only.

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