Home » Archive by category 'Wine Price and Sales'
Wine Price and Sales
What is Moscato? Sweet wine for sugar daddies if rapper Drake is to be believed. In Do It Now he raps: "Lobster and shrimp and a glass of moscato, for the girl who's a student and her friend whose a model." Hey! Serving alcohol to minors is illegal people even if it's a relatively low-alcohol wine (i.e. 5% vs. a typical 12% alcohol by volume wine).
What is Moscato? Cont'd
Tagsasti spumante wine, calories in wine, Champagne, Champagne bubbles, dessert wine, italian sparkling wine, low-alcohol wine, moscato cocktails, moscato d'asti, moscato wine, Piedmont, sweet wine, wine sales
Posted in Sparkling Wine, Wine Price and Sales, Wine Trends
A bottle of Madeira was probably poured at some of the earliest Thanksgiving celebrations. Madeira is produced on a beautiful volcanic island of the same name which is 360 miles west of Morocco and 700 miles south of Portugal, which governs it. The history of Madeira’s wine is nearly as old as that of the island. The island was first settled by Europeans (led by the Portuguese explorer Zarco) in 1419. By 1455 a visitor from Venice wrote that Madeira’s vineyards were the world's most beautiful. Within a century, the wine from these vineyards was well established in markets throughout Europe and by the 1600’s it had become the most popular wine in Britain’s North American colonies.
Thanksgiving with Madeira and Lambrusco Wine Cont'd
TagsAncellotta, bual, fortified wine, George Washington, Indicazione Geografica Tipica, Italy, Lambrusco, Madeira wine, malmsey, Malvasia, Napoleon, Portugal, thanksgiving celebrations, Tinta Negra Mole, verdelho
Posted in Wine Price and Sales
I don't know if they still do, but at one time the Chinese called America
Gum Shan, the mountain of gold, a symbol of opportunity and the chance to get rich. Today, the Chinese have found another symbol of opportunity whose very name beckons the ambitious. In French Lafite means small hill, in Chinese it is very similar to the word
lai-fat or "come get rich."
It is this association with wealth and opportunity that has made Chateau Lafite-Rothschild and it's
second wine Carruades de Lafite the currency of choice for negotiating Chinese business deals. Which bottle you get depends on who you are and what is "requested". In China, anything with Lafite in the name sells be it Bordeaux or Burgundy. As such, both wines are becoming literal mountains of gold for owners of bordeaux futures.
Chateau Lafite-Rothschild and Bordeaux Futures Continued
Tagsasian wine market, bordeaux futures, Bordeaux Index, Bordeaux Wine, Carruades de Lafite, Chateau Lafite-Rothschild, economic crisis, Gary Boom, Liv-Ex 100, Robert Parker, wine price, wine sales
Posted in Bordeaux Wine, Economic Crisis, Wine Price and Sales
 |
The first comprehensive survey of women's attitudes toward wine has overturned several preconceived notions. Over 4,000 women in the UK, France, Japan, Germany and the US responded to a survey commissioned by Vinexpo, revealing a preference for red wine and skepticism for marketing campaigns that target them specifically (e.g. White Lie and Slender Wines). Among the more surprising results were that women prefer red wine to both white and rose, and consider wine compatible with a balanced diet. 79% of the women said they drink wine because they like the taste – as opposed to its compatibility with food or fashion status. Of the 1300 UK-based respondents, 80% choose the wine for their household, with price as the main criterion, followed by varietal and country of origin; and 54% said they were undeterred by government health warnings. Consultant and presenter Angela Mount said other results, notably that women continue to be more price-led than brand or quality-led, was worrisome, with only 10% choosing wine over $15 a bottle.
TagsSlender Wine, White Lie, wine price, wine sales, wine survey, women
Posted in Wine Price and Sales
The wine industry was battered and bruised in 2008, the astronomical prices for top-level wines plunged, and as if in an act of repentance more winemakers went green. For example, Boisset, the second-largest producer of Beaujolais Nouveau,
bottled its entire 2008 harvest in lightweight plastic bottles. Biodynamic and organic wines increased. Yet many still doubt the wine industry's sincerity when it comes to carbon neutrality because they still ship wine in wooden crates as opposed to the much lighter corrugated cardboard. The Liv-Ex 100 Fine Wine Index, the wine world's Dow Jones Index, has fallen more than 20 percent from its all-time high. Among the hardest hit was Domaine Romanee Conti 1990, which commanded more than $20,000 a bottle in November 2007, but sold last fall for $6,500 - a 67.5 percent drop. The global credit crisis has threatened Bordeaux's en primeur sales. And as wine buyers search for bargain-priced bottles, Bacchus seems to be favoring Chile and Argentina.
TagsCarbon Neutral Wine, Chile wine, economic crisis, green wine, Liv-Ex 100, Plastic Wine Bottles, wine price, wine sales
Posted in Carbon Neutral Wine, Economic Crisis, Plastic Wine Bottles, Wine Price and Sales
 |
A San Francisco cooperative is selling futures in a new wine called "Bailout," inspired by the economic crisis. Crushpad, a custom crush facility, will sell the Napa Valley Cabernet Sauvignon at $39 per bottle. But there's a twist, for every 100-point drop in the Dow Jones from the date of purchase to the projected bottling date of 14 August 2009, the final price will be discounted $2 per bottle. If the Dow is higher on the bottling date, the price is still $39 a bottle, making Bailout futures a minor hedge on the economy. Only 500 cases will be produced. Crushpad is doing this for fun and exposure, but it may be instructive for high-end Bordeaux winemakers who refuse to lower their exorbitant 2008 futures prices given the current environment. According to those in the wine trade, Bordeaux must lower it's prices by 50% or the 2008 en primeur campaign could be a disaster. Crushpad is an urban winemaking facility that enables budding entrepreneurs to make their own wine with the expert help of the staff.
TagsBailout wine, bordeaux futures, Bordeaux Wine, Cabernet Sauvignon, Crushpad, Dow Jones, economic crisis, en primeur, Napa Valley, wine price, wine sales
Posted in Bordeaux Wine, Economic Crisis, Wine Price and Sales
When People magazine reported seeing an unopened bottle of
Kendall-Jackson chardonnay in the Obamas' kitchen, the California winery fired off a couple of cases to No. 44. Just another gift? Hardly. Winning over the presidential palate is a big deal for the wine industry, leaving vintners and vinophiles curious about what's on tap for the next occupants of 1600 Pennsylvania Ave. Wine and the White House go back to No. 1, who tried his hand growing vines at his Mt. Vernon estate in Virginia. But it was Thomas Jefferson who really embraced enology, building and stocking White House Cellars. He also introduced guests, not always successfully, to fine, dry vintages vs. the sweet, fortified wines then in vogue. Kendall-Jackson hasn't heard back about its shipment. But Lettie Teague, executive wine editor for the magazine Food & Wine, said K-J chardonnay seems a good choice for modern times, popular and reasonably priced at around $11 a bottle.
TagsBarack Obama, chardonnay wine, George Washington, Kendall-Jackson Chardonnay, People Magazine, Thomas Jefferson, wine price, wine sales
Posted in Wine Price and Sales
Reviews of the just-bottled 2005 Bordeaux are coming in. This much vaunted vintage has everybody in the wine trade drooling. But to their chagrin, the less prestigious, lower-priced wines are getting all the praise. Influencial wine critic Robert Parker called wine from the famous chateaux "museum pieces" because their prices are so astonishingly high. And in what many consider a political statement, he gave out only two perfect scores (100 points), none of them to Medoc 1st growths. Just two points, (i.e. the difference between 98 and 100) can double the price of the wine, these developments may cost the wine trade hundreds of thousands of dollars in sales. Similarly at Decanter Magazine's tasting of 2005 Medoc wines, 25 were awarded 5-star status, only two were 1st growths. The star of the show was 5th growth Chateau Pedesclaux. Is this the shape of things to come?
Click here for more information about
Bordeaux wine appellations and classed growth system.
Tagsbordeaux 2005, Bordeaux appellations, Bordeaux Wine, Classed Growth System, haut medoc, medoc wine, Robert Parker, wine price, wine sales
Posted in Bordeaux Wine, Robert Parker, Wine Price and Sales
European wine prices have jumped approximately 25 percent in 2008. The prices for Champagne and Burgundy have never been higher. Given the astonishing prices of premium wine these days, you would think it would be babied like the first-born you traded to buy it. However, fine wine is often shipped in worse conditions than ice cream or lettuce, sometimes sitting in the blazing sun for hours. The damage done to a wine's taste, smell and color by extreme heat is something that can go unnoticed until opened, despite having paid perhaps $800 to 1600 for it. Eric Vogt, Harvard professor, wine lover and high-tech start-up entrepreneur hopes to remedy the situation. Vogt's eProvenance system includes a tamper-proof seal, a hidden code and an electronic tag for each wine bottle, but it's the temperature tracking element that's getting the most interest.
Click here for more information about the
damage caused by heat and wine oxidation (maderization).
TagseProvenance system, Eric Vogt, heat damage, maderization, wine oxidation, wine price, wine sales, wine shipping, wine temperature, wine thermometer
Posted in Wine Price and Sales
