Category: Wine News

Fine Wine’s Benchmark Index Sets a New Record

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

161st Hospices de Beaune Charity Wine Auction – November 21st, 2021

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:

  1. The National Federation for Women’s Solidarity, sponsored by French actress Jeanne Balibar, works to combat violence against women; and
  2. The Curie Institute, sponsored by French actor Pio Marmaï (seen in the movie Back to Burgundy), supports medical research against breast cancer.

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)

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Vignobles Bonfils announces new luxury wine tourism complex in Languedoc “Château Capitoul”

Vignobles Bonfils has just announced the opening of Château Capitoul, a luxury wine tourism complex at the heart of AOP La Clape in Languedoc.

The family-owned group is one of the largest vineyard owners in France, with 1,600 hectares under vine. Vignobles Bonfils also maintains 17 châteaux and estates in Occitania and 4 wine tourism sites.

Since 2011, through its alliance with Domaine & Demeure, Bonfils has jointly brought 3 of Languedoc’s flagship estates back to life: Les Carasses, Saint-Pierre de Serjac and, in 2021, Capitoul. In Roussillon, they have achieved the same with the inspirational Château l’Esparrou.

Laurent Bonfils, company CEO, said of the complex: “Being a wine tourism practitioner implies creating an emotional bond and becoming a region’s ambassador.”

The estate was purchased in 2011 and after a three-year renovation, the showpiece of 19th-century winery architecture has been restored and transformed.

The 93-hectare estate encompasses garrigue, olive groves, grounds and 62 hectares of unbroken vines while being nestled amidst the unspoilt countryside in Languedoc’s largest national park and Natura 2000.

Eco-Friendly and sustainable practices have been employed to protect the natural surroundings, especially the site’s water resources. Around the edges of the vineyards, a dry-stone wall habitat has been built for ocellated lizards.

The 62 hectares of Grenache noir and blanc, Syrah, Mourvèdre, Marsanne, Roussanne, Bourboulenc and Cinsault vines surround this iconic property in AOP La Clape, Languedoc’s first appellation to be granted village-designated status, for reds and whites. The re-opening of Château Capitoul coincides with a complete overhaul and redesign of the range. Under the La Clape appellation, it boasts 6 reds and 5 whites along with 3 Languedoc rosés.

#ChâteauCapitoul #madeinfrance #frenchwine #Languedoc #Roussillon #france #winelovers

#vin #Cinsault #winetourism #winetourismfrance #vineyards #redwine #whitewine #instawine #Syrah #winenews #winetrends

2021 Vinitaly “Special Edition” Closes This Week

This “Special Edition” was a strategic event for consolidating growth in the sector, and profiled incoming buyers from 35 countries.

With attendance of over 12,000 operators, and 2,500 buyers (about 22% of total) from 60 countries: the special and extraordinary edition of Vinitaly closed this week, in Verona, as the third and last Italian stage in the run up to 54th edition scheduled 10-13 April 2022.

“This result goes far beyond our expectations,” said the President of Veronafiere, Maurizio Danese. “Companies, consortia, agricultural and supply chain associations and operators rewarded this business initiative project with a high rate of contacts and sales, as well as a unanimous index of satisfaction. The third event attended in person with Vinitaly today,” Danese concluded, “is part of a scenario of impressive acceleration of Made in Italy exports and Italian wine on all the main target markets, including the domestic market thanks to collaboration activated with Fipe and Vinarius. We are experiencing a strong recovery in which Veronafiere plays a fundamental driving role for the internationalization of SMEs and Italian wine, with a commitment towards increasing the value of sales.”

The map of countries taking part in Vinitaly Special Edition sees Europe (with Northern countries, Germany and Franca in front), Russia, the United States and Canada lead demand for Italian wine at the trade fair, followed by Eastern Europe (Romania, Ukraine, Poland, Belarus, Bulgaria and the Czech Republic), the United Kingdom and China, returning to Verona again. “This geography,” commented Giovanni Mantovani, CEO of Veronafiere, “is perfectly aligned with the growth figures seen on international markets which, in the first 7 months of this year, posted an overall leap ahead of 15% compared to the same period last year. We upheld our declared commitment to organise a highly qualified Special Edition thanks also to the support of ICE Trade Agency,” Mantovani went on, “with international operators arriving precisely from the areas where Italian wine is growing significantly. “Now,” Mantovani concluded, “we are aiming to achieve a great 54th Vinitaly in 2022.”

Areas of interest among operators and buyers saw those dedicated to organic wines achieve a surge in attendance. Over the three days, 42 exhibitors in this segment saw their agendas crammed with b2b appointments, especially with buyers from Northern Europe and Germany. And in relation to new trends, the Mixology Masterclass calendar was sold out.

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Beaujolais Nouveau Prices Increased by 50%

The Beaujolais Nouveau sales campaign got off to a flying start this week, taking negociants by surprise! The trade expects prices to be capped at 250 euros/hectolitre for Beaujolais Nouveau and €270 /hl for Beaujolais Villages Nouveau, one operation launched this year’s ‘blitzkrieg’ with prices of €300 /hl for Villages primeurs.

As co-operative wineries began selling their wines, the campaign remained firmly on track at these launch prices. Initial market price lists issued by the Beaujolais wine marketing board show that the prices of Primeurs are in excess of €280 /hl for Beaujolais Nouveau and €300 /hl for Villages, an increase of 50 % compared to the ceiling price of €190 /hl which led to winegrower demonstrations last year. After the frost and mildew, “the crop is small and there is nothing to panic about”, said David Ratignier, chairman of the producers’ organisation, in a bid to put the hikes into perspective. He claims that “prices are not skyrocketing but increasing due to a small crop (barely 35 hl/ha for Beaujolais and 30 hl/ha for Villages). Constrained yields are compounded by lack of inventory and record sales”.

Compared to last year’s downward pressure on pricing, Olivier Richard, secretary of the Greater Burgundy wine brokers’ organization, claims “we’re going from one extreme to the other. I’ve never seen anything like it – a quota system for Primeurs. There are so few wines and so few unspoken-for volumes that even if the trade is reluctant to pay the prices, the ball is in the court of the winegrowers”.

 

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