Posts Tagged ‘Up’

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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on the rise ...

On the rise …

 

It used to be the drink reserved for a hot summer’s day but now consumers are increasingly turning to Rose wine throughout the year with sales up 10 per cent in the last 13 years.

Rose now accounts for a record one in eight bottles of wine bought in supermarkets and off-licences, up from one in 40 in the year 2000.

Sales of rose wine in shops are currently worth £646 million in Britain, nearly £1.8 million a day, according to figures from market analysts Nielsen.

While growth in rose wine buying has slowed in recent years – attributed to poor summer weather – experts believe it is becoming a drink that is enjoyed all year round.

It is especially popular among women drinkers on a night out or sharing a bottle at home with friends.

Some winemakers have specifically targeted women drinkers by making less strong varieties with a typical alcohol by volume level of nine or 10 per cent, compared with other wines which can be up to 14 per cent in some cases.
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The Internet is blossoming into quite the virtual vineyard.

Online wine options are everywhere, from flash sale sites like Lot18 offering daily deals to Facebook prodding you to send a little something for Aunt Suzy’s birthday. And now there’s a new generation of startups such as Club W, which adds a little algorithm to your Albarino, using surveys and ratings to figure out what you might like to drink next.

 

Advertisement ..The click-and-sip approach seems to be catching on, says Jeff Carroll of ShipCompliant, a Boulder, Colo.-based company that helps wineries comply with shipping laws. “Wine is a unique product and it lends itself well to the social aspects of the Internet in terms of discovery.”

 

Online sales have been around for a while, with individual wineries selling wine through their websites, a practice that has become more prevalent as more states relax Prohibition-era laws that had banned alcohol shipments.

 

Today, only seven states have an outright ban on direct-to-consumer shipping, though some of the states that do allow shipping have various restrictions, and 89 percent of the U.S. population has access to direct-to-consumer sales, according to Steve Gross of the San Francisco-based Wine Institute, a trade association.

 
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Technicians assure that 50% remains unpicked. Up to now, quality and health are the premises of this crop.

As it was expected at the end of last year, the 2013 yield seemed to be higher than that of 2012. At that moment, it was too early for a forecast due to the unpredictable climate conditions. However, reaching mid-April, and in spite of rains lashing down most of the summer, technicians of Argentine wineries have anticipated that they expect around 20% more of grape. But, in some regions, this reality varies, and winemakers maintain that harvest will be the same as in 2012.

This is the case of Patricio del Chañar, Río Negro. Marcelo Miras, winemaker at Bodega Del Fin del Mundo, commented that they expect the same amount as in 2012. As regards the harvest, he pointed out: “it corresponds to a Patagonian harvest, with warm days and cool nights, enabling us to reach an excellent ripening”.

In San Patricio del Chañar, about 30% of grapes are still unpicked, and in the Upper Valley of Río Negro, 50% approximately.

In addition, Adrián Meyer, winemaker at Chandon and Terrazas de Los Andes, explained that in general, the trend shows a 15-20% increase of the crop per hectare, compared to 2012. Regarding the grape already harvested, he stressed that all white grapes and only a 15% of reds have already been picked.

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Wine on the Rise!

Wine on the Rise!

 

The Wine Market Council finds that wine drinking has expanded to more venues.
Amid a still-challenging economic environment, wine sales continued to grow in 2012, according to the Wine Market Council—an independent, nonprofit trade association—and The Nielsen Company, which presented their annual findings on U.S. consumer trends in wine. Key discoveries included:

Not just for fancy restaurants. Wine drinkers are finding more occasions suitable for consuming wine, including less traditional venues like ball games or concerts. That said, restaurant patronage has increased since the downturn in the 2008–2009 recession, and wine consumption at expensive restaurants has rebounded along with that. An increase in wine consumption at casual chain restaurants, including quick service restaurants, also was observed.

“The story isn’t just more wine drinkers,” said John Gillespie, President of the Wine Market Council, “but that they are drinking wine much more frequently, and that’s what’s driving growth.” Particularly among Millennials and Generation Xers, “wine is finding its way into places and times we thought were previously unavailable.”

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Wine on the Rise

Good news, or bad?

Good news, or bad?

 

Report highlights falling production, increasing prices, and a trend towards consolidation in the global wine industry.

Consumers should brace themselves for rising wine prices in 2013, with wine production falling to a five-year low and producers starting to raise their prices.

While oversupply conditions have characterized the $102.2-billion wine industry in recent years, keeping wine prices low and damaging the wine industry’s profitability, that’s starting to change, says a report by U.S. market research firm IBISWorld.

Global production has fallen during the past five years at an estimated 1.8 percent annualized rate to 248.2 million hectoliters in 2012. Much of this production decline occurred in Europe, because the European Union offered incentives to growers to reduce winery acreage, and removed distillation subsidies, which supported unviable producers.

IBISWorld reports that this… read on