Posts Tagged ‘Asian’

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Asian drinkers keep Bordeaux out of the red.

 

Bordeaux wine sales continue to rise, stimulated by a thirsty export market that is in contrast to falling French consumption of the region’s wines.

Bordeaux recorded a 2 percent increase in volume sales and a 10 percent growth in value in the year ending July 2012, according to figures released by the regional trade association, the CIVB, on Monday.

The region has defied the economic downturn, shipping 5.5m hectoliters of wine worth 4.3 billion euros ($5.6bn) in the last year.

While “the current and future economic situation remains difficult, the figures for 2012 can be considered satisfactory,” said Georges Haushalter, president of the CIVB.

The upward curve is largely thanks to massive sales growth in the Far East. “One bottle in four is exported to China and Hong Kong,” said Haushalter. “It is an extraordinary development. We have multiplied export volumes [to this market] 100 times in the space of 10 years,”

The Asian market has also evolved during this period, explained… read on

 

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Results from the latest auction suggest Asian collectors could soon be heading south of Burgundy.

 

Cheers to Burgundy, hello to the Rhone.

Cheers to Burgundy, hello to the Rhone.

 

There are signs that the fine wines of the Rhône Valley are beginning to garner interest from Asian buyers, following the buoyant sale results of Paul Jaboulet Aîné’s wines at Sotheby’s over the weekend.

The December 8 auction in Hong Kong suggests fine-wine collectors in Asia are prepared to look beyond Bordeaux and Burgundy. All of the lots, which came direct from the producer’s cellar, were sold, with the 1961 Hermitage La Chapelle fetching 171,500 Hong Kong dollars ($21,987) per bottle – 165 percent higher than the auction house’s estimate.

The sale of the Jaboulet Aîné wines, ranging from 1949 to 2009,… read on

Fine wine and Champagne houses should not lose sight of what the west can offer as they scramble to serve wealthy drinkers in Asia, says Olivier Krug.

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While Krug Champagne sales in Hong Kong now almost equal those in the UK, Olivier Krug is just as excited about opportunities closer to home.

‘What’s amazing is also what’s happening in traditional markets,’ said the sixth-generation family member and director of Champagne Krug, who spoke to Decanter.com at the press dinner for the Krug Institute of Happiness pop-up restaurant in London.

‘Take the London on-trade, it’s one of the most exciting on-trade markets in the world.’

Krug was also keen to stress that ID codes now appearing on bottles of Grande Cuvée are about more than simply publishing the date of disgorgement – the removal of… read on

Champagne house wants to focus on three Bordeaux properties, buyer King Power wants to expand

The King of Asian Duty Free, King Power.

The King of Asian Duty Free, King Power.

King Power, a Pan-Asian duty-free powerhouse with interests in the Chinese alcoholic drinks market, has acquired Bordeaux’s Château Bernadotte from Champagne Louis Roederer for an undisclosed sum. La Bernadotte has 100 acres of vineyards in Haut-Medoc, producing about 17,000 cases a year. It joined the Roederer stable when the Champagne house purchased second-growth Château Pichon Longueville Lalande in 2006.

Read on …