| | First Growths in demand for CNY, Far East tipped for en primeur
Demand in Asia for first growth Bordeaux is soaring in the run-up to the Chinese New Year – amid signs that China will become a serious buyer of en-primeur in 2010. more |
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| | SCMP - Wine auction sales expected to exceed US$60m this year
Local wine auction sales are expected to top US$60 million this year, about twice the value of wine sold at auction in London, according to estimates from major auction houses. This will see the city solidify its position as the world's biggest fine wine auction market after New York. more |
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| | Fine Wine Sellers Pop Their Corks After Asian Recovery Stimulate
The economic recovery in Asia has prompted the popping of champagne corks in the fine wine market, where prices are recovering from last year’s sharp fall after a resurgence in interest from Asian buyers. The highest priced lots at the recent Christie’s auction in New York, including $20,400 (£12,500) for eight bottles of 1982 Château Lafite-Rothschild, went to Asian bidders, while at the Sotheby’s auction in New York, a case of 1990 Le Pin went to an Asian buyer for $48,400, more than double the estimate. more |
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| | Wine Lovers Pop Their Corks As Rare Vintages Beat the Recession
It was the wine-lover's equivalent of Aladdin's cave. A room in a warehouse in Glasgow was transformed yesterday into a paradise of wine - its shelves stuffed with vintage Pomerol, Haut Brion and Amarone, for Scotland's biggest fine wine auction. more |
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| | Investing in Wine: Now May Be the Time
EVERY time David Weinstein swirls wine in a glass, you could say he is managing his assets. Mr. Weinstein, a New York dealer in French art glass, is a wine collector, for investment as well as pleasure. He owns approximately 1,000 cases of wine, primarily red Bordeaux. more |
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| | Wine Still A Good Investment In Hard Times, Say Experts
Hong Kong - When James Christie held his first auction in 1776, bottles of wine were among the lots to go under the hammer. Even then, wine was more than just an accompaniment to fine food - it was a liquid asset. More than 200 years later, it's a view shared by many Asian investors, particularly in Hong Kong where collectors are believed to own around 1 million cases of rare or fine wines, or as much as 15-20 per cent of the world's total. more |
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| | Banking On The Bottle
Bankrupt banks, crashing stock markets, collapsing mutual funds, falling commodities — a combination enough to drive people to the drink! With the global financial markets in turmoil, investors are on the lookout for alternative asset classes that may offer some safety. This is where investing in a bottle of wine may be a good idea and many Indians seem to feel the same way. more |
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| | Wine Buyers Defy Credit Crunch
Berry Bros & Rudd, wine merchants to the Queen, said that it is on track to record the best year in its 310-year history. It has sold £60.5 million-worth of wine since April, a £5 million increase on the same period last year. Wine experts said the unprecedented week had been fuelled by investors seeking an alternative home for their savings, as well as City workers choosing to drown their sorrows in style. more |
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| | UK Wine Sales Buoyant Despite Credit Crunch
Wine sales in the UK show no sign of slowing despite a turbulent week in the financial markets as London auction house Christie's reported record results. Lots from their Bordeaux 2000 sale on 15 and 18 September surpassed their estimate sale prices. more |
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