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April 30, 2009

Vinfolio innovates again

Steve Bachmann - founder and CEO of Vinfolio has continued to provide a quality product and service to the wine collecting community.

Today they introduced

WinePrices Fine Wine Indexes

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February 06, 2009

Jim Cramer & Gary Vee on Wine Investing

Interesting thoughts on Wine Investing - take it for what you will

http://tv.winelibrary.com/2008/07/10/investing-in-wine-with-jim-cramer-of-mad-money-and-your-host-gary-vaynerchuk-episode-499/  

This is from July 10, 2008 - 

Chateau LaTour Retail in Show - $480

Last Auction data - 

12/08
Acker Merrall & Condit $242.00
12/08 Zachy's Wine Auctions $300.00
11/08 Acker Merrall & Condit $302.50
11/08 Acker Merrall & Condit $302.50
11/08 Acker Merrall & Condit $302.50
11/08 Acker Merrall & Condit $327.68
10/08 Zachy's Wine Auctions $272.95
10/08 Zachy's Wine Auctions $311.94
09/08 Acker Merrall & Condit $423.50
09/08 Zachy's Wine Auctions $350.00
09/08 Zachy's Wine Auctions $360.00

 


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November 22, 2008

Wine buyers are sobered by Wall Street meltdown

High-end bottles languish on shelves as shoppers opt for cheaper vintages. 'The state of the economy' is nothing to celebrate, a retailer says.


By Jerry Hirsch
November 22, 2008 - LA Time



This year she can get dozens -- a sign of how the Wall Street meltdown is rippling across the alluvial fields of Napa Valley to the chalky limestone vineyards of Champagne in France.

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November 20, 2008

“AMONG LIQUID ASSETS WINE IS THE BEST EARNING

From the website winenews.it

This article is from a former classmate  at BEM

Firenze - 19 Novembre 2008

“AMONG LIQUID ASSETS WINE IS THE BEST EARNING”, ACCORDING TO EDOARDO NARDUZZI WHO IS SPECIALIZED IN WINE ECONOMICS AT THE UNIVERSITY OF BORDEAUX

With a specialization degree in Wine Economics from the University of Bordeaux, professional journalist and commercialist, Edoardo Narduzzi has also earned a Master’s in Applied Environmental Economics at the Imperial College of London, a Master’s of Science (MSC) in Public Management and the Economics of Regulation from the J.F. Kennedy School of Government at Harvard (Fulbright Fellow), a Master’s of Science in Finance from the London Business School, and an MBA from the Warwick Business School.
He has published various books and articles in specialized magazines. He is visiting professor of Systems and Technologies of Communication at the University of Rome, President of Feudi San Gregorio, President of Techedge Spa, Italian leader for Sap NewWeaver technology, and General Manager of EvaBeta Spa.
He is also one of the managers of the Telecom group, head of the professional web services area, and has coordinated the industrial reorganization of the entire IT department. His resume is also full of administrative council member roles for various companies (Datamat, Mediocredito Centrale, Banksiel, Webegg, Netesi, Netikos Finland, and member of the ICE consulting committee).
Below, is the transcription of a discussion made recently by Narduzzi, who is currently the president of Synchronya and team leader on the advisory panel for the food and agriculture and wine sectors as well as for the environmental investments for Synchronya.

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November 08, 2008

Wine Prices in economic uncertainty

From Vinfolio's the Wine Collector

The truth on current fine wine prices

Have fine wine prices fallen?

Yes.  Prices of almost everything have fallen in recent weeks; fine wine is no exception.  See the latest Decanter.com story titled "Fine wine prices hit new low."


 

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November 04, 2008

Global credit crisis puts damper on wine prices

From Reuters

By Leslie Gevirtz

NEW YORK (Reuters Life!) - Floodwaters from the global credit crisis have seeped onto the top deck of the wine business.

Domaine Romanee Conti (DRC) 1990, which commanded more than $20,000 a bottle just a little more than year ago, sold on Saturday for $6,500 - a 67.5 percent drop in price.

Auction house Hart Davis Hart admitted that the price was at the low end of its estimates.

 

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November 01, 2008

Wine Spectators take on recent wine auctions

From todays front page of WineSpectator.com

 "Near 80 percent of realized prices fall below averages at Aulden Cellars-Sotheby's in New York"

 

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October 10, 2008

With Fine Wine Investing, the Market is Always in the Cellar

From FoxBusiness.com & on Marketwatch.com

Friday, October 10, 2008

Jennifer Waters
MarketWatch

 CHICAGO--On a hot, sunny Friday here in September only days after the first Monday market meltdown, two well-heeled wine buyers battled each other at a private auction for the privilege of shattering a world-record price for a single case of 1982 Chateau Lafite Rothschild.

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September 26, 2008

Fine wine defies City gloom - London

Fionnuala Synnott 24/09/08 - The Drinks Business

Finally, a ray of light among the financial gloom. While the financial markets continue their rollercoaster ride, fine wine sales are doing better than ever, at least, according to Berry Brothers. In a statement, the independent wine merchant said that over £2.5 million worth of fine wine had been sold by Berry Bros and Christie’s Fine Wine Auction in the past few weeks.
Berry Bros sold 1,000 cases of 2006 Château Lynch Bages and 1,000 cases of 2000 Dom Pérignon Champagne worth a combined total of £1m. Meanwhile, at Christie’s Bordeaux 2000 auction this week, Château Lafite Rothschild 2000 was one of the star performers fetching £10,925 per case, while Latour went for £9,200.

As well as enabling investors to diversify their portfolio away from more volatile assets, wine has extra appeal as an asset class as investors are not required to pay capital gains tax on it.

 


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September 24, 2008

Sotheby's Asian wine buyer stats - Vinfolio

The Wine Collector
Practical wine collecting advice from Steve Bachmann, Vinfolio's CEO

Sotheby's Wine department has produced their U.S. Market Review for 2007-2008 in a nice printed newsletter which I received a few days ago.  To me, the most interesting page was one devoted to Asian buying activity titled "Duty Free Asian buyers multiply."  I've reproduced below a short table from the article which caught my attention:



Whether this increased activity is driven by the elimination of Hong Kong and Macau duties, booming Asian economies, a weak U.S. dollar, or a combination of all of the above, it's no surprise that most major auction houses have already launched, or will launch, Hong Kong auctions.


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September 16, 2008

Wine Authentication

This service is a must know for any serious wine collector.

WineAuthentication.com exists because wine counterfeiting has become a greater and greater problem for buyers and sellers of wine. Individual collectors such as myself have discovered that some rare bottles purchased from supposedly trustworthy vendors are not what they seem. I'm sure that most of you have seen the large number of articles that have appeared this past year regarding the subject. Up until now, there was no easily accessible resource available to help people determine the authenticity of these bottles. wineauthentication.com is the very first website to offer help, advice and a community to share experiences and ideas with.

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September 05, 2008

Wine Fraud

And So It Begins - The Fight Against Fraud

Written By: Kasey Carpenter on Thursday, September 4, 2008

More and more wines are being proven fraudulent, robbing collectors of hundreds to thousands of dollars. Chemists have decided to step in and create a potential early warning system.

With all the talk of wine fraud these days, it is no wonder that many scientists have been applying themselves to the task of inventing a device that will detect fraudulent wines. Well here is today's latest iteration. As reported on by no less that the Royal Chemistry Society, Cecilia Jiménez-Jorquera from the Barcelona Institute of Microelectronics and others not credited in the report, have made a portable device that can detect and identify a given wine. Based on the language in the report this is done by referencing a database of tastes that the device has already "learned" over time, much like a human taster does, building upon years of tasting to develop a "library" of experiences and references that can be accessed for comparative purposes. ...(more)

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August 03, 2008

A WSJ article worth reading

 WSJ.com - Inflation Hits the Bottle* This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.
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July 15, 2008

Wine Investment in China

ICBC launches China's first wine trust


    BEIJING, July 15 -- China's largest bank has launched the country's first wine trust project, in the hope that alternative investments may prove to be fruitful amid the sluggish global capital market.  More


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January 21, 2008

End of year wine investing round up

As may day job is still as a wine appraiser, I thought I would provide a few links to some end of year market commentary and stats.

Two of my favorite sites are Liv-Ex and Vinfolio's The Wine Collector blog.

Liv-Ex has a great page that links to the major wine investment articles, Liv-Ex is based in the UK so you have to get used to that slant and the papers they tend to link.

The Wine Collector blog is written by the founder of Vinfolio, Stephen Bachman, and covers wine collecting and investment, sometimes in depth and sometimes the surface.

What is interesting is that Stephen has written a couple of posts and written about recent articles on wine investing and everyone including myself seems to be coming to the same conclusion, fine wine prices will continue to rise due to a wid erange of reasons.

Here is a paper I wrote for the Wine MBA that I am in the process of completing that covers the topic of fine wine prices Wine Economics essay.

Here are the relevant Wine Collector blogs.

How collecting is changing

Why wine investing is a hot topic

Since most of these were written with the perspective of a relatively rosy and stable 2007, will the picture remain the same?  I believe it will because the fundamentals of the fine wine market cannot change that much and the forces causing the increasing pressures on price and demand in the fine wine sector will only continue to grow as the global distribution of fine wine continues to expand.  Will there be hiccups, yes, but I think the fundamentals are still strong.

The question for any wine investor is, what gets classified as fine wine.  That is the part that will be left of to the market. 

 


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