February 2017

Lafite: highs and lows

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Two Lafite Rothschild vintages have recently traded at all-time highs. Last week the 2012 traded a record £4,390 per 12×75. This is an increase of 40.3% on its trade price of £3,128 one year ago. The 2014 vintage also traded at an all-time high this month, at £4,134. However, several other Lafite vintages remain far off their highest levels, achieved at the peak of the Bordeaux market in 2011. As shown in the chart below, the ‘05, ‘08, ‘09 and ‘10 vintages all traded above £12,200 during the China-led boom in 2011 but are now offered well below this. The 2008 vintage has seen the largest variation in price. During En Primeur, it traded at a low £1,800 per 12×75. In 2010, it jumped to £10,160 the day after it was announced that the bottle would carry the Chinese symbol for the number eight....

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Fundraiser at AFC Wimbledon’s UK Agora hospitality Restaurant

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Places still left for Walsall on Saturday We have a limited number of places available for you to enjoy our popular pre-match hospitality service before Saturday’s game against Walsall. We have sold out of our match day hospitality places (match ticket included), but you can still book hospitality only for £30. The club will be staging a raffle in the UK Agora Hospitality Restaurant at Saturday’s game. All funds raised will be donated to the  We Are Wimbledon Fund  . Our valued sponsors UK Agora have donated bottles of wine for the prizes and a hospitality package for two is also up for grabs. We wish to thank  UK Agora  for their generous donation. Hospitality includes the following:   Three-course meal Tea and Coffee Complimentary programme and team sheet Live Sky Sports / BT Sport on big screen Pre-match briefing from home manager Access to cash bar (table service) To reserve your place, book via our  online  ticket shop. Alternatively, contact Pietro...

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China’s Capital Controls Are Hitting Wine Lovers Where It Hurts

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Wine snobs beware -- China’s crusade against capital outflows and yuan weakness are fueling a price bump in your tipple of choice. Investors are hunting down those sought-after bottles of Grange to Lafite as they scramble to turn cash into assets amid Beijing’s curbs on capital leaving the country, and after the yuan capped its steepest annual decline versus the dollar in more than 20 years, according to Cult Wines Ltd., a U.K.-based wine investment company. “A lot of people in China suddenly have a different focus,” Tom Gearing, managing director at Cult Wines, which has £40 million ($50 million) of funds under administration, said in an interview. “They are now asking us questions like, ‘is it a good offshore investment?’ ‘is it a good way to put money into a physical, tangible asset?’ ‘is it linked to the yuan?’ and ‘is it correlated to financial markets?”’ Increased Chinese demand has seen prices...

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When Fergie Sold Wine: CHRISTIE’S SALE OF SIR ALEX FERGUSON’S WINE COLLECTION – FINAL DAY

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Today marks the final day of the online auction which started two weeks ago to sell the third tranche of Sir Alex Ferguson’s fine wine collection. His first investments into this high-profile portfolio took place following a chance conversation over lunch in Montpelier in France in 1991 whilst scouting out a suitable hotel for his players in advance of a Champions League Quarter Final tie. He began with Bordeaux wines from the excellent 1982 and 1985 vintages and during his career expanded this to also include wines from Burgundy and Tuscany. Sir Alex acquired a substantial amount of 1999 Domaine de la Romanee Conti (DRC) in honour of Manchester United’s last minute victory in the Champions League that year. There are 5,000 bottles in the overall sale but he is selling only part of his collection, mainly his “star players”. He has a few amusing tales to tell about his rival...

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