Wine Investment Market Update It’s a Brand New Year 2013!
We hope you had a great New Year celebration and had some time to relax and enjoy a good glass or two of fine wine with family and friends.
Christies had an Auction in Hong Kong in December, which fetched 4.2 million Pounds and broke a few records, a case of Cheval Blanc 1947 went for 126 thousand pounds. We understand most of the buyers were Asian. A case of Burgundy went for 113 thousand pounds and Mouton Rothschild 1961 sold for 27 thousand Pounds.
Chateau DYquem and Chateau Rieussac which are two of the best white wines from Sauternes, have issued press releases saying they are not making a vintage 2012, they said there was simply not enough juice to produce a decent vintage. These are very sweet wines but of impeccable quality. They follow a wine making process that uses about 6 vines to produce just one bottle of wine, global warming is affecting the production of wines at the moment, which is going to impact supply and demand around the world in a few years.
Robert Parker has just taken some new investors who own a Singaporean wine investment company. The press is having a field day on the conflict of interest, and Parker is not issuing any comments after the press found out about the conflict of interest. They are opening a new office in Singapore and Parker’s stepped down as editor in chief, but he’s confirmed that he’s not retiring, at least not for another five years.