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UNSEEN ANDY WARHOL LABELS RELEASED BY NAPA WINERY

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Napa Valley winery Cuvaison has launched a new series of wines with ‘forgotten’ labels designed by Andy Warhol, who once said the original labels were “lousy”. The collaboration apparently began in early 1980s after Warhol was served a bottle of the Napa Valley Cuvaison wine at a dinner party in Switzerland hosted by his friend and the winery’s owner, Alexander Schmidheiny. When Schmidheiny asked what Warhol thought of the wine, Warhol replied, “What a lousy label,” and suggested a redesign. Commissioned by Cuvaison, Warhol took polaroids of grapes in a variety of patterns to create over 50 unique silkscreen prints for Cuvaison labels. The designs, however, were then forgotten about and left in a drawer until now. Thirty-five years on, Cuvaison, in association with The Andy Warhol Foundation for the Visual Arts, has released the first limited-edition set of the ‘Andy Warhol by Cuvaison Collection’. The ‘Series One’ range is now available in Hong Kong and consists of...

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Boom Times for Austrian Wine

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An unheralded wine-producing region is enjoying the fruits of its labors – and the spotlight. By Natalie Sellers | Posted Friday, 16-Mar-2018 With a booming worldwide wine trade, it can be tough to pick the next big thing – but the central European country of Austria might just be it. Despite a small 2016 vintage, which reduced Austria's normal export volume by 3.3 percent to 46.8 million liters, the quality continued to be markedly high, leading to Austria's greatest export year for wine. A total increase of 7.4 percent was reported by the Austrian Wine Marketing Board, translating to a record total of €158.6 million ($195m), the first time Austria has made it past €150m. Austrian wine exports rose rapidly from the end of the 1990s, but hit a plateau in 2004. Three years later, another steep rise saw exports almost double by 2013. Growth halted then for another three years, but looks to be...

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Champagne Exports Hit Record Heights

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Life's a gas for bubbly producers as thirsty international markets drive sales through the roof. By Caroline Henry | Posted Wednesday, 21-Mar-2018 Champagne exports hit a new record last year, with new markets making up for a disappointing result in one of the region's traditional strongholds. Poor sales in the UK were attributed to a post-Brexit tightening of household purse strings and a devalued currency, but Asia helped producers forget about the gloomy British picture. The record value figure was carried by the increasing export sales – which are now just shy of 50 percent of the total production, with 153.5m bottles sold totaling €2.8bn, or 57.4 percent of the total sales value. In concrete terms this means export sales increased by 5.4m bottles compared to 2016. The French market share decreased slightly in volume (from 158m bottles to 153.8m bottles) but the sales value remained stable at €2.1bn. Over the weekend, the Comité Champagne...

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FINE WINE INVESTMENT: PAST PERFORMANCES

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As we shall see, investing in fine wine is becoming more like investing in stocks and shares as the market expands, a feature attested to in many recent Liv-ex reports. This means that all investors have to be very careful as to what exactly they buy. You can’t just pick up a few cases and expect all to be well. The market is now much too broad for that. 30 years ago the range of availability was so narrow that virtually anything you bought went up in value. Not now, as is patently obvious from the evidence which follows. When assembling the portfolio a year ago we took the view that an overweight position in Bordeaux was merited as the recovery in prices from mid 2015 would lead to an improvement in confidence in the sector, and while that has been true for the ‘Super Seconds’ and the Second wines on the...

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The Million-Dollar Nose

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With his stubborn disregard for the hierarchy of wines, Robert Parker, the straight-talking American wine critic, is revolutionizing the industry -- and teaching the French wine establishment some lessons it would rather not learn. THE most influential critic in the world today happens to be a critic of wine. He is not a snob or an obvious aesthete, as one might imagine, but an ordinary American, a burly, awkward, hardworking guy from the backcountry of northern Maryland, about half a step removed from the farm. His name is Robert Parker Jr., Bob for short, and he has no formal training in wine. He lives near his childhood home, among the dairies and second-growth forests in a place called Monkton, which has a post office but no town center. A new interstate highway has reduced the drive to Baltimore to merely thirty minutes, but otherwise has had little effect. Monkton remains rural...

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Brexit could have as much impact on the UK economy as the CREDIT CRUNCH

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  David Davis was appearing before the parliamentary Brexit select committee  He said quitting the EU is a 'paradigm change' comparable to the 2008 crash He admitted Whitehall has not carried out sectoral Brexit impact assessments  Comes in crucial week for Brexit with the PM under pressure to rescue the deal By Kate Ferguson, Political Correspondent For Mailonline PUBLISHED: 10:37, 6 December 2017 | UPDATED: 16:07, 6 December 2017 Brexit could have as big an impact on the British economy as the 2008 credit crunch, David Davis warned today. The Brexit Secretary said quitting the Brussels club will amount to a 'paradigm change' comparable with the biggest financial slump since the Depression of the 1930s. He made the extraordinary comment as he was called before the Brexit select committee where he admitted no Brexit impact assessments have been carried out by Whitehall. He said an assessment of the potential impact of Brexit on different sectors of the UK economy would not...

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