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Vino Nobile di Montepulciano Preview 2023 by Filippo Magnani

Tuscany’s “Old Red Wine Zone” becomes a leader in sustainability

The 2023 edition of the highly anticipated Anteprima Vino Nobile di Montepulciano returned to the medieval fortress of Montepulciano on February 15th.. The doors were opened to the public from Saturday the 18th to Monday the 20th. There were over 40 producers present, which is over half of the denomination.

Participants had the opportunity not only to taste both the 2020 vintage and 2019 reserve wines, they also had chance to learn about DOCG’s innovative projects related to sustainability and the ‘Pieve’ project which defines 12 unique zones of production called “Additional Geographic Units.”

As the first DOCG in Italy, Vino Nobile di Montepulciano is also leading the way in sustainability and is now the first Italian denomination to have received the sustainability certification mark under the Equalitas standard. This has been a long journey, that started back in 1985 when the Consortium, with the support of the Municipality of Montepulciano, decided to install a network of meteorology stations to record weather data throughout the entire production area. Expert agronomists made recommendations based on the findings to limit the use of chemical pesticides. Further studies were done in 1992 and 2006 to investigate the soils and biological waste respectively. Then in 2015, the “Vino Nobile di Montepulciano Carbon Footprint” project became a model on a national scale, calculating the CO2 emissions for one bottle of Vino Nobile. The protocol established by Equalitas for certification is extremely rigorous and includes numerous environmental requirements, such as measuring the carbon footprint, the water footprint, and socio-economic compliance with free trade unions and equal opportunities.

The “Pievi” project continues the route towards the excellence of the pure expression of Sangiovese

Launched in 2021, during the pandemic, the Consorzio of Nobile di Montepulciano introduced 12 Additional Geographical Units called “Pievi” that are the result of an in-depth study of history, landscape, and wine production. The name refers to the ancient parish churches used to divide the territory into areas as far back as Roman times. The goal of the Consortium with this project is to reaffirm and codify a current physical reality with its ancient historical roots since Montepulciano is one of the oldest wines documented in the Middle Ages. In fact, one of the most interesting documents testifying to the existence of a Montepulciano wine production and marketing district dates back to a rare sales contract from 17th October 1350, preserved in the Madonna de’ Ricci (crociferi) collection found in the Italian National Archives in Florence. The first Vino Nobile wines with the “Pieve” label from the 12 selected zones will be released next year.

The noble heritage of Montepulciano

A symbol of local culture, the village of Montepulciano is situated on a gently sloping limestone hill that separates Val di Chiana from the Val del Orcia. Due to its rich history, Montepulciano represents a sort of open-air museum in the heart of one of the most popular and explored wine destinations in Tuscany. The old town is filled with Etruscan artifacts, Renaissance buildings, ornate churches decorated by illustrious artists, ancient theatres, and local artisan shops—a perfect place for wine enthusiasts to immerse themselves in Tuscan beauty and history.

New Index “WB Stock Index (WBIX)” Tracks Performance of Public Wine Companies

A new tool rooted in publicly traded wine companies and offering insights into the health of the wine sector has launched on winebusiness.com.

The WB Stock Index (WBIX) is a composite metric representing a portfolio of 13 publicly traded wine companies, weighted by each company’s annual wine revenue. The index reflects the daily percentage change in stock price at the end of the previous business day according to the significance of each producer in the marketplace.

The baseline for the index is Jan. 1, 2020, a time of strong performance by other indices and well before the onset of pandemic disruptions. The index stood at 119.02 as of March 1, indicating that publicly traded vintners have seen fortunes strengthen during the pandemic. The market’s confidence in the sector as a whole remains high. The index is intended to provide a snapshot in time and help benchmark a company’s performance against its peers. Performance can vary depending on the interval chosen, meaning a comparison across several intervals can be helpful.

Some of the strongest performers have been the luxury wine companies LVMH and Pernod Ricard, which have both performed well as aspirational and discretionary spending remained strong over the past year. LVMH’s share price has increased 28% over the past year to $170.45 while Pernod Ricard’s increased 3% to $42.22. The gains continued in the latest three months, with LVMH up 14% and Pernod Ricard up 7%, underscoring the long-term momentum underpinning each company.

The least fortunate company among those tracked by the index has been Vintage Wine Estates, which has seen its share price fall 83% versus a year ago to $1.39, with much of the slide registered in the past three months after the company restated earnings for the first quarter of fiscal 2023, released preliminary numbers for the second quarter that projected lower than expected revenue and gross margins for the year, and withdrew guidance on expectations for the remainder of the fiscal year, which ends June 30. The company also made a change at CEO with founding partner Pat Roney moving to the role of executive chairman and Director Jon Moramarco assuming the role of interim CEO. Moramarco is also the editor of the Gomberg Fredrikson Report and founder of bw166. On March 10, the company announced it had sold a 42-acre vineyard in Napa Valley for $11 million to reduce its overall debt. Following the sale, Vintage reported it owns approximately 1,600 acres of vineyards and leases an additional 800 acres.

Vintage is significant enough to influence the index but not sway it. Two of the largest components are instead LVMH and domestic vintner Constellation Brands, which has increased 2% over the past year but fallen 11% in the latest three months as its most recent earnings report underwhelmed the investment community. This is in line with the challenges other public companies have seen.

While a value decline can indicate a lack of confidence by the markets, it also creates a buying opportunity for long-term investors. The Duckhorn Portfolio, for example, has underperformed the index with a 19% drop in its share price over the past year. Currently trading in the range of $14.99, its shares have ranged between $12.64 and $22.29 over the past 52 weeks. Despite a lower price, several analysts have maintained a buy rating on the stock, an expectation that its share price will increase and reward investors. Bank of America analysts are among them, while Barclays upgraded its rating on the stock because of its latest earnings report.

This is in contrast with response to shifts in Vintage’s stock price, where sentiment has shifted in favor of “sell” from a uniform “buy” rating a year ago. Canaccord Genuity Group is among the bears, noting that it had more questions than answers about the company’s financials and future.

When it comes to public perception, however, the market is largely in favor of the wine sector. WBIX has outperformed the S&P 500, rising nearly 4% over the past year as the S&P 500 fell nearly 7%. The latest three months have seen it increase 2%, or twice the growth posted by the S&P 500.

Link to Index: https://www.winebusiness.com/finance/wbix

Source: Wine Business

Blind Horse Winery Releases NFT-labelled Wine

In collaboration with VaporFi, Blind Horse Winery, has just released its first NFT-labelled wine specifically for collectors.

The Wisconsin-based winery has produced a collector’s edition 2019 Cabernet Sauvignon featuring a non fungigle token label from the Bored Ape Yacht Club collection.

The Bored Ape label was acquired by VaporFi in 2022 and licensed exclusively to Blind Horse Winery primarily for the release. A partnership between The Blind Horse Winery, and VaporFi was formed in March 2022, to bridge the gap between cryptocurrency and traditional wine business sectors.

Tom Nye, Winemaker and General Manager states: “It’s a product that is designed for crypto and wine enthusiasts, and for me, it’s the centrepiece of my collection. If you’re into cryptocurrency, you know the significance of the Bored Apes and that it set off the non-fungible token craze.”

Tom Nye further states: “When it’s gone, it’s gone,” but hastened to add that the item should serve as a talking point and assist in bringing people together,” And, “Wine is really beautiful by itself, but what makes it even better is everything else that goes along with it, which is food, friends, and family.”

The wine, which will retail at US$100, is representative of the traditional and digital worlds and features a blend of Cabernet Sauvignon, Malbec and Petit Verdot that has been aged for three years in French and American oak. The NFT-labelled wine is also limited to 200 bottles and is set to target wine and crypto enthusiasts who want to secure a piece of history.

A leading nutrition scientist discovers red wine is good for us, but variety is key

Tim Spector, a professor of genetic epidemiology at King’s College London, in his recent study which involved participants in the UK, US and Belgium. He suggests that wine drinkers look at drinking a wider range of red grape varieties, including unpopular varieties. In doing this, he states will boost our immune system, fight diseases, healthier gut and improve mental health.

He told Wine Blast podcast: “My advice for wine-lovers is keep loving wine and still drink wine, primarily for the pleasure, but at the back of your mind think, could I be trying different bottles or varieties that might actually be healthier for me and that I might enjoy?”

Professor Spector also states: “diversity is also important – if you take the analogy from foods, having a range of different grape varieties in your diet means that you are going to be helping different gut microbes inside you and you will increase your gut health and diversity. So, don’t just stick with the same wine. Get out there. try the hundreds or thousands of different grape varieties that we generally don’t enjoy.”

“Let’s get those rare ones back on the map again, because each of those could be helping you nourish really healthy gut microbes inside you and improve your health.’ A study led by Professor Spector’s team in 2019 found those who drank red wine had a wider range of gut bacteria. this was not seen for white wine, which may be because red wine has the grape skins left in for most of the fermentation process, so has high levels of polyphenols – plant compounds which are good for the gut.

Professor Spector is not suggesting people have full power to over-indulge in red and states: “The trick is to get the dose right, as always. That’s something that we all struggle with and it’s very individual. That’s why this government approach, [where] most countries say there are a certain amount of units that most men and women should have, is problematic.”

“Your response to alcohol is highly personalised and of course some people can’t drink it at all. So, we think that alcohol on one hand in large amounts is harmful but in small amounts, if might be okay.”

What Are The 10 Most Expensive Countries to Buy a Bottle of Wine?

As we are all aware, the average price of a bottle of mid-priced wine can vary drastically from country to country. CompareMyJet has researched and compared the price of wine across 38 OECD countries (converted to GDP) to reveal the most expensive countries to buy a bottle of wine.

Here are the results:

Country	Capital city	Average price of a bottle of wine (£)
Iceland	Reykjavík	14.97
Norway	Oslo	14.35
South Korea	Seoul	12.79
United States	Washington	12.33
Switzerland	Bern	11.07
Australia	Canberra	10.96
Finland	Helsinki	10.47
Ireland	Dublin	10.47
United Kingdom	London	9.36
Mexico	Mexico City	9.14

Wine drinkers not wanting to spend extra may want to avoid Iceland, with the average price of a bottle costing £14.97. But the extra cost may be worth it when enjoying a glass of wine with a view of the northern lights.

Source: CompareMyJet

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