wine Tag

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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10 Things Every Wine Lover Should Know About Pontet-Canet

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No. 1. Betting on beards and sandals: Winemaker Jean-Michel Comme, who arrived at Château Pontet-Canet in 1989, can fairly claim responsibility for the astonishing improvements in the quality of its wine over the past few decades. This is not a man who takes his work lightly. He walks miles through the vines every day, and agonizes over every decision. Comme has his own estate – Champ des Treilles in Sainte-Foy – farmed biodynamically with his wife, Corinne, and it was his belief in the logic of biodynamics that first convinced Pontet owner Alfred Tesseron to convert. But we shouldn’t underestimate what it took for Tesseron himself to take the leap, both financially and philosophically. There were no classified Bordeaux estates that were certified biodynamic (and beyond Pontet there is still only one organically certified classified estate – Château Giraud in Sauternes), and the "beards and sandals" perception of the biodynamic approach lingered on. But Tesseron put his trust...

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Battling Dons prove a match for Peterborough as they earn point

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By Rob Cornell Wimbledon produced a battling display as they matched Peterborough United in front of the live TV cameras. Lyle Taylor opened the scoring inside the first minute and Cody McDonald notched his first Dons league goal in a 2-2 draw, as Wimbledon produced a strong team performance and weren’t to be denied when the visitors turned the score around in the first-half. There were two changes to the line-up that beat Lincoln City in the FA Cup first round over a week ago. George Francomb returned on the left side of defence for Callum Kennedy (back injury), while Liam Trotter came back into centre midfield in the absence of Jimmy Abdou – who was away on international duty with Comoros. Wimbledon got off to the perfect start when Harry Forrester’s ball found Taylor on the right-hand side of the penalty area. The Dons striker kept up his excellent run of form with...

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Floyd Mayweather shows off wine and watches in £18.9m ‘Beverly Hills castle’

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reportedly become the first fighter to earn over £1bn in the hardest game. After 21 years in the paid ranks, the 40-year-old is enjoying retirement following victory in his £350m mega-fight with Conor McGregor last month. And Mayweather, who grew up amid poverty and drugs in Grand Rapids, Michigan, has been showing off his wine and watch collection in the Beverly Hills mansion he recently bought for £18.9million. The 40-year-old is normally based in Las Vegas, where he lives in his extraordinary 'Big Boy Mansion'. He also owns a massive property in Miami which cost a reported £5.69million. Now, in the neighbourhood famous for the glitz and glamour of its A-list residents, Mayweather is enjoying a life of luxury in the 15,096 square-foot, six bedroom house next to the famous Beverly Hills Hotel. 'Money' showed off his extensive glass-faced wine cellar as well as his remarkable array of jewel-encrusted watches. 'Relaxing in 90210,' Mayweather wrote alongside...

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Penfold Grange wine sells for record $260,000 at auction to Adelaide couple

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THERE had been interest from as far abroad as Hong Kong, but in the end a retired couple from Adelaide’s west bought one of the most spectacular sets of wine ever seen in Australia for the record auction price of $260,360. John and Leanne Davison sat quietly in the 50-strong crowd — which included Adelaide restaurant identities — at du Plessis auction house in Mile End for the highly anticipated sale of the complete set of Penfolds Grange. Bidding started at $200,000 before auctioneer Mark du Plessis lowered his hammer on the couple’s bid of $230,000 (plus buyer’s margin), which earned wide applause. An elated Mr Davison, a retired earthmoving contractor, bought the set as an investment for his four grandchildren. He said he was pleased the South Australian wine, considered Australia’s most famous, was staying in its home state. “It had to stay here, for sure,” the 71-year-old said. “I am a collector and I’m...

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FINE WINE INVESTMENT: TAKING STOCK

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At the start of the year we offered up a model portfolio for general consumption and promised to keep readers in touch with its progress. We have arrived at the half way stage for the year and there are several things to point out. Overall the portfolio is up 8.24%. This compares creditably with the Liv-ex 50 (+2%), the Liv-ex 100 (+3%), the Liv-ex 1000 (+5%), and even that darling of lazy commentators, Burgundy (+7%). Why lazy? Well simply because as we have explained on several occasions, Burgundy may be a fabulous drink but it makes a very challenging investment, principally due to availability, cost, liquidity and the questionable secondary market. At Amphora Portfolio Management we espouse the view that wine investment is as much about risk control as value appreciation, and the best way to mitigate risk is to diversify, hence the spread of sectoral weighting in the portfolio. In the early...

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Clubs bid to win Cherry Red Records Cup tonight

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AFC Wimbledon will tonight have an opportunity to clinch more pre-season silverware with the Cherry Red Records Cup up for grabs against Wycombe tonight. The match is sponsored by Cherry Red Records, who are long-time partners of the Dons and came on board as the Chairboys’ short sponsors last season, also taking up the rear of shirt sponsorship for the 2017/18 campaign. AFC Wimbledon Chief Executive Erik Samuelson is very grateful for the backing AFC Wimbledon has received from Cherry Red Records over many years. “We are very fortunate to have sponsors such as Cherry Red Records who are supportive of the club in a wide range of ways and are actively involved in what we do,” said Erik. “Their sponsorship of tonight’s game is another example of their support. Cherry Red Records have sponsored the club since 2002 and, of course, have sponsored our stadium for many years.” The independent music record label...

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Burgundy Joins First Growth List

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Liv-ex reveals its list of the non-Bordeaux wines that it classifies alongside Mouton and Lafite. The world has a whole clutch of new First Growths today, and for once it's not all about Bordeaux. Liv-ex, the fine wine trading index, released its updated classifications of Bordeaux wines over the weekend and also launched a new set of "First Growths", featuring wines from regions outside Bordeaux and the results are fairly predictable, with Burgundy taking 12 of the 19 new "Premier Cru" placings. While the original 1855 Bordeaux classification was based on a variety of criteria, including reputation and trading price; Liv-ex's sole criterion is more prosaic: price. To obtain a classification, a wine needed to have a minimum of five vintages traded over the 12-month period starting April 1, 2016. The average price – based on a 12-bottle case, priced in sterling – determines the final classification, with premier cru reserved for wines...

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FINE WINE INVESTMENT: BORDEAUX RISING

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Adherents of the diversification approach to wine investment will be heartened to learn that another fine wine index is about to break out into all-time high ground. The Liv-ex 50 (very narrow) and the Liv-ex 100 (quite narrow) are both still well off their highs of June 2011. Other indices expressing price performance of wines from other regions have been motoring into higher territory for some time, but now we have the Bordeaux 500 a mere whisker below its 2011 high. For the purposes of clarity, the Bordeaux 500 differs from the ‘100’ not just in terms of its breadth of composition, by producer, but also, crucially in Amphora’s view, by vintage. The Liv-ex 100 is really a measurement of on-vintage performance. Most of the Left Bank wines, for example, come from 2000, 2005, 2009 or 2010, although there is an occasional nod to 2003 and, in the case of one or...

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How to buy a bottle of fine wine good enough to pass down as an heirloom

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David Elswood, International Head of Wine at Christie's, talks through the options if you're after a bottle of wine to hand down through the ages. When looking to buy an heirloom in the field of wine, it’s best not to stray from the arena of classic regions such as Bordeaux, Burgundy, Champagne or vintage Port. The logic is sound: wines from these places not only have a long and fairly predictable future ahead of them in terms of drinking potential, but the best will also appreciate steadily in value should your offspring turn out to be teetotal and more likely to sell the stuff rather than pull the cork. Some might argue that the odd famous wine from Spain, Italy or Australia could also join the list, and that’s true, but these are likely to be more on the borderline of your personal preference as against a certain bet for a worthwhile heirloom. The...

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