and what it means to you
After a very rosy start to 2013, with the Liv-Ex 100 adding 10% to its value, the market has paused for breath in Q2 and consolidated those gains. This sedate period, with little movement in price is an opportunity to take stock, and consider how wine fits into a portfolio and what your timescales should be.
What percentage of a portfolio should be represented by different regions?
Historically this was a very simple question to answer.
Last year Chateau Latour shocked the wine community by announcing that vintage 2011 would be their last inclusion in the annual en primeur campaigns, where each of the Bordeaux Chateaux offer buyers the chance to purchase their most recent vintage a couple of years before bottling.
One of the drawbacks from investing in assets like silver, wine, art or gold (SWAG) is that mainstream analysts typically default to rejecting the asset class because it lacks an income stream.
History unfolded in Bordeaux yesterday: In an emotional announcement for the estate owners, Chateau Pavie and Chateau Angelus have been elevated to St Emilion Premier Grand Cru Classé A – the top spot for this heralded right bank appellation (Gerald Perse, owner of Pavie, was said to be "overcome").
At the recent London Wine Fair, the Financial Times’ John Authers alluded to the fact that should the euro collapse, investors could be driven into alternative assets like fine wine as a place to store their money.
By Joe Roseman
11 June 2012
www.winvestmentweek.co.uk
There’s a bit of a hoo-ha going on in Bordeaux at the moment. Courtesy of some strategic wizardry on the part of Lafite, the other four First Growth estates are facing something of a dilemma. It goes like this:
|
Wine |
Parker Grade |
|
Lafite |
90-93 |
|
Latour |
93-95 |
|
Mouton-Rothschild |
93-96 |
|
Margaux |
94-96+ |
|
Haut Brion |
92-95 |
IMPORTANT NOTE: Whether or not we ultimate recommend these wines to our customers is entirely prices dependent, and no final decision will be formed until prices are known.
-->In one of the hottest wine headlines for years, Chateau Latour has announced that vintage 2011 will be their final en primeur (in barrel) offering. Instead, in future, they will only offer their wines in bottled format, and even then not until they deem them ready to drink.
By Guy Collins and Scott Reyburn. Mar 24 2012. Bloomberg.com
Chateau Petrus 1988 Pomerol and Latour 2000 Pauillac both beat estimates at a Sotheby’s (BID) auction in a sign that Bordeaux prices are rallying and demand continues for rarer Burgundies.
The 2009 vintage has been heralded as an excellent vintage by all the major critics and James Suckling is no exception. On the 14th February he revealed his scores and nine wines received a perfect 100 points.
By Anthony Rose,
Independent,
24 Dec 2011.
One of the keys to the dramatic expansion of wine in China was the result of Hong Kong’s new-found status as a global wine hub. On 27 February 2008, John Tsang, the Chief Financial Secretary of Hong Kong’s Treasury, announced the scrapping of the tax on wine in Hong Kong. With an estimated 350 importers today, and the proliferation of air-conditioned warehouses, Hong Kong has become a major supplier of fine wine, both legally and illicitly (China’s duty is 48 per cent to Hong Kong’s zero) to China.
This website link below is published and maintained by the Wine and Spirit Trade Association. Its contents were drafted in consultation with a number of reputable UK wine merchants, retailers, brokers and law enforcement agencies. It is aimed at consumers who are considering investing in fine wines. It provides tips on how to protect yourself against becoming the victim of fraud.