Posts Tagged ‘Estates’

Wealthy Chinese now buying so much more than just ...

Wealthy Chinese now buying so much more than just …

 

Christie’s is capitalising on the thirst for wealthy Chinese consumers to buy wineries by opening the world’s first estate agency for would-be vineyard buyers.

Vineyards by Christie’s International Real Estate, billed as the “first global advisory for buyers of vineyard estates”, is to open in Hong Kong.

Run by both wine experts and luxury property specialists, the agency will offer a consultancy service for clients looking to acquire vineyards around the world.

According to David Elswood, Christie’s international director of wine in Europe and Asia, the idea for the agency came after continued demand from clients at the auction house’s wine auctions in Hong Kong for advice on buying vineyard properties overseas.

“We are uniquely positioned to offer this highly specialised vineyard advisory acquisition service and we look forward to this exciting venture,” he said.

In addition to advice on which wineries are on sale around the world, Christie’s will also provide clients with custom travel arrangements and translation services.

“Wineries in sought after locations are often small and discrete, and without guidance, buyers never even know they are on the market.
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Winemakers say one of the industries that has made South Africa well-known overseas is on the verge of collapsing due to the high prices of bottling in the country.

 

bottling-line

 

They say this is the result of a bottling monopoly enjoyed by two major companies.

The wine industry is feeling the pinch so much that “some wine estates are being sold” and most of them bottle their wines overseas because it is cheaper to do so there than here.

This could result in the country losing millions of rands in revenue and jobs if nothing was done to save the industry, said wine estate owners.

Speaking at The Wine Show in Durban, which ran from November 23 to 25, several wine estate owners complained of a monopoly in the bottling industry, saying the… read on