All posts by All Things Nice

Mans World Magazine

Article featured in Mans World Magazine by Sommelier Nikhil Agarwal.

My travels started with some pretty bizarre backpacking trips through Europe, North America and India when I was in my late teens. At that time I didn’t want to spend money on fancy restaurants, or clothes or gizmos and had actually never even had a sip of wine. I ate packets of chips for breakfast, lunch and sometimes-even dinner, visited the sites and museums I wanted to visit and then in the early eveningsI would unleash myself at the city’s coolest bars with a day’s travel savings all meant to be blown on Guinness and whisky – that too in some pretty impressive quantities, if I do say so myself. Now only one thing has changed – I eat well while there is still a lot consumed!

I now seem to travel more often that not with the intention ofeating and drinking and the decision on where to go is directly based on how good the drink and food scene is.

As a Sommelier,I’m fortunate that I do what I do and it’sbecause of what I do what I that I get to travel all over the globe regularly, scoping out the food and wines scenes.

Some of the greatest wine experiences I have enjoyed are in Australia. For one they produce a lot of truly high quality wine and yet it’s all very casual. The food in Australia is off the charts and the general level of quality of what’s on offer is very high even if you don’t go to the top end restaurants. The beauty about Australia when it comes to food is that it’s just so diverse. You have people from all over the world who have made Australia their home bringing with them their own regional cuisines and flavours. In a nutshell you are spoilt for choice and no matter which city you go to there is almost always a great wine producing region close by for you to visit.

I’d go to Melbourne and the surrounding wine regions of Yarra Valley and Mornington Peninsulafor some Pinot Noir and definitely to Adelaide with Adelaide Hills, Barossa Valley, Eden and Claire Valley and McLaren Vale a few hours away. Barossa has the grand Yalumba winery and also the small and charming Rockford Winery, which you will fall in love with instantly because it seems to be stuck in a world that is long gone.

In McLaren Vale a gastropub called Victory Pub really got my attention. They have a stunning view of the sea, a phenomenal menu and a vast array of wine ranging from great to the worlds very best and most sought after. Drink a couple of pints early evening and then move on to the food and wine. I can’t tell you enough how I wish that pub were close to my home.On the west of Australia, a full day drive away from Perth you have the Margaret River wine region which producers exceptional Cabernet Sauvignon and Chardonnay.  All of these regions are very wine tourist friendly with great hotels and excellent restaurants.

One of my favourite wine places in the world would have to be Bordeaux in France. The city is a UNESCO World Heritage site and as you would imagine is drop dead gorgeous. I go during the month of June for Vinexpo, one of the world’s largest wine shows. This is a great time to visit because they are a few festivals like Fete de la music on at the time as well. Bordeaux is responsible for some of the worlds most sought after wines, a trip here and the surrounding area is guaranteed to give you a hedonistic dose of pure wine pleasure. Besides the Chateaux in the surrounding regions you have to visit Magnum Vin a wine bar in the building where all the chateaux pay their taxes in the centre of town.They offer a selection of about 30 wines, which keep changing every couple of weeks. You get to drink the very best at Euro 1.50 to 3 a glass!

When in Bordeaux you don’t necessarily have to be at a wine bar, just about any restaurant has a great wine list. I landed up spending a lot of my time at a restaurant called Le Petite Commerce on Rue Du Parliament. This is a restaurant with a lot of energy, great food and a lot of chatter. The wines are great, reasonably priced and the food is great.  Please visit Saint Emilion on the other side of the river. A charming hamletthat is beyond comparison and is full of small Chateaux producing some of the world’s best.Walk around, stop and sip on some wine, walk around, stop and sip on some more wine, you get the idea.

Don’t limit yourself to Bordeaux when in France. Travelling from one wine region to another is really simple. I’d take the TGV and take in the scenery as you go wine region hopping. I would go to the Champagne region, not too far from Paris and then the Rhone Valley personally.  You could head down towards Spain from Bordeaux and visit wine regions like Priorate, relatively close to Barcelona. I will admit that I seem to have the very best times in Spain, their style of wine making is what I like, their food is now globally renowned and the folks are friendly. A glass or two of Rioja and some Iberico along with an assortment of tapas in the company of the friendly Spanish, how can you go wrong!

I was recently in in Germany and visited Weisbaden in the Rhienghauwine region. Stay there a couple of days and visit the wineries in the nearby distance. Visit Baden or Franken a short distance away. This is Riesling country but do try their fabulous Pinot Noir and Pinot Gris.

If you get up to Mainz please visit Juliusspital, a winery in the heart of Mainz, walking distance from the bridge that cuts across the river, very Prague Charles bridge like. I was mesmerized by this place. For one, the revenue from the sale of their wines is used tosustain the hospital they run in the same complex. This is a state of the art winery with ajaw-dropping cellar that makes me want to go back to Mainz just to visit this place again.

Now you might not associate wine regions with a mega polis like Shanghai but it is worth a visit. I was invited to China to give a talk at SIAL, Asia’s largest food and wine showin Shanghai on the Indian wine industry recently and was completely blown away. For one the food, I’d probably go as far as to say their cuisine is probably one of my favourites and then to have a plethora of wine bars and wine savvy restaurants to go along with the food is fantastic. I have always liked Asian cities that are modern; they have this energy that I love. Millions of people, serious local food culture and western influences when it comes to lifestyle make these cities so exciting when it comes to food and drink. Hong Kong for example does food and wine so well along with Shanghai.

We can’t talk about wine and gastronomy and not pay a visit to Italy. I know all of us visit Florence and Venice etc but perhaps you should visit Alba in the Piedmonte region which is in the north west of Italy. For one you will have the fabulous wines of Barolo and Barbaresco to keep you company. Two, they can’t have some of the worlds best wines and not the cuisine to match them. I thoroughly enjoyed two dining experiences in Alba, one at Bovio in La Morra, the view is phenomenal and the other at Eno Club in the centre of Alba. With snow capped mountains as your backdrop, ancient architecture, some very fine wine produced in the most charming of wineries and food (I still remember my risotto), truffles, it really is a gourmands and wine aficionados dream come true.

Last but not least by any means a wine destination you need to go to is in our very own backyard. Indian wine has truly come of age and Nasik is scattered with some wonderful wineries that are pushing the quality frontier. A large number of you may have already visited Sula Vineyards, but please visit the others as well.  If you have not visited Sula yet, I suggest you go on a weekday rather than a weekend and enjoy this complete winery experience at your leisure. They have great restaurants and of course Beyond their hotel where you can sleep in heavenly peace. York winery is close to Sula and the Gurnani brothers that own the winery and run the show have got some excellent wines for you try. Their newly launched sparkling, barrel fermented Chenin Blanc and Arros are some of my personal favourites. The view is stunning and the food is more local in nature in comparison to Sula, which is what I really like about their tasting room.

By the time this article is out Vallonné Vineyards will have launched their rooms and café. Vallonné is pretty close to Grover Zampa so you could visit there as well. In a completely different direction, Akluj houses Fratelli Vineyards. They have created a top class winery with a few rooms. There is nothing in the surrounding area, which is what I like most about this spot. Pack a couple of bottles of their fabulous wines, go to their tasting point on top of their vineyards and breathe it all in.

As for me – the next stop is Sicily! Perhaps you may hear some more of my fine food, drink and travel adventures but till then bon voyage and salute!

Man's World, Authored article - Page 54, July, 2015

Man's World, Authored article - Page 55, July, 2015

‘How are Indian Wines perceived by other countries’- Food Hospitality World

Article from  Food Hospitality World magazine by Sommelier Nikhil Agarwal.

To even write an article with this heading gives you some indication just how far we have come in such a short period of time. I am and have been an ardent supporter of the Indian wine industry for many years now having started my own journey almost 15 years ago with Sula Vineyards. Before I left I was in charge of Sula’s export market so I have been watching Indian wines grow overseas for sometime.

For anyone paying attention, the revolution-taking place in the wine industry is visible for all to see. To fairly summarize what’s happening with Indian wine internationally we first must first look at what’s happening with the industry domestically.

Things are not the same as when I joined the industry 15 years ago. At that time there were only three relevant wineries  – Sula, Indage and Grovers. Three wineries do not make a market; as I remember Rajeev Samant stating that for the industry to grow we need to have more wineries with a focus on quality.

In the last seven odd years there has been a push on quality of wine due to many reasons. More wineries have been set up and therefore there is more competition. We now have a more aware consumer base that is getting to be more confident in judging a good wine from a bad one with conviction. They may not be aficionados or wine enthusiasts but are sure of what their likes or dislikes are without thinking that it’s them and not the wine which is the issue.

It’s only natural that quality a once abandoned virtue by now unsurprisingly defunct wineries is the buzz word of the handful of wineries looking to change things around.

Producers like Vallonne, a small winery with a mighty heart and an uncompromising stance of quality and Fratelli, with its deep pockets, business acumen and more importantly an understanding of wine making through its Italian partnership have created an array of quality wines in the midst of nowhere.

These wineries are now not only vying for consumer attention domestically but are aggressively looking at the international market.  This is an interesting time for Indian wine.

All Things Nice hosted a dinner in Hong Kong with Eddie Mcdougal who I met when Discovery Travel & Living filmed the Indian leg of The Flying Wine Maker. The feedback I got both before and after the dinner was astonishing. Before the guests tasted the wine they confided in me that there were curious but had absolutely no expectations that Indian wine was just as much as a puzzle to them as India was.

But when the wines were served they could not believe it. The wines from Grovers, Sula, Fratelli, Charosa, Myra and Vallonne were all appreciated so much that two of the wineries found themselves on their way into the markets of Hong Kong and China through an importer who attended the dinner.

The fact is that India is making good wine but we haven’t managed to make an industry of it as yet. Indian wine requires itself to make giant strides in the international market to be distinguished as a category. Yes Sula, Grovers and now Fratelli continue to increase their presence internationally but lots more needs to be done. More wineries need to be out there creating Brand India.

So while those in the know have looked at India’s burgeoning wine market and understand its quality levels, the everyday wine consumer internationally has little knowledge that India even makes wine. Within the trade internationally there is a buzz that is beginning to develop. For example I have been invited to Shanghai to speak about the Indian wine industry at SIAL in May 2015, while Fratelli has been chosen as a showcase project at Hannover Messe 2015 with their wines being the official wine at the Indian pavilion. Recently Rajeev Samant spoke at the Masters of Wine symposium. It takes time to build a brand and as you can see, the efforts are on.

You also don’t need to have the wines available internationally to understand what foreign palates prefer.  The number of people from all over the world coming to cities like Mumbai, Delhi/Gurgaon and Bangalore gives us enough of a pool to understand whether we measures up and the answer is yes because even our own Indian consumers who swear by the imported stuff wouldn’t necessarily be able to tell the difference between an Indian and imported in a blind tasting.

For an industry that did not exist more than 20 years ago to where we are today, the journey is quite impressive.  There is yet a long way to go and perhaps we should take this question up again in the next 5 years.  Perhaps we can be bolder and aggressive in our international approach collectively to get the ball rolling faster.

One thing is for sure, either we need to have one or two wineries that come up with break though quality that gets the worlds attention  (like what Yamazaki has done for the Japanese whisky profile) or we need to raise the game collectively through all relevant Indian wineries. Indian wineries are adding awards left right and centre at global wine competitions and since wine enthusiasts tend to be inclined on discovering new wines and new regions I predict that Indian wine will slowly seep into international consumer mindsets as time goes on as long as we play our cards right.

Mint Julep

Apart from the martini, the mint julep could be the most iconic cocktail in America. It is a drink that’s synonymous with the Kentucky Derby Day where large amounts of Mint Juleps are sipped under dressy hats. The Mint Julep is a cocktail of bourbon, simple syrup and mint served over crushed ice and it’s so easy you can make it yourself.

 MINT JULEP RECIPE

15 gms superfine sugar

30 ml hot water

8 mint leaves, plus one mint sprig

60 ml bourbon

Dissolve the sugar in the water in an old-fashioned glass or a julep cup. Add the mint leaves and press them lightly with a spoon. Add the bourbon, fill the glass with cracked ice, and stir. Plant the mint sprig in the ice alongside a short straw, and serve.

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Nikhil Agarwal- Sommelier & CEO at All Things Nice

ATN- Nikhil Agarwal

All Things Nice has been conceptualized by Nikhil Agarwal, a trained Sommelier who received his degree in London. Nikhil won the Wine Australia scholarship in 2012 and in 2013 Wine Australia made him their A+ Wine Educator in India. He launched the first ever Indian Wine Consumers Choice Awards in 2012 and The All Things Nice Wine Week 2013. He was the Project Director of the Sommelier India Wine Competition, chaired by Steven Spurrier in 2009 &the  Indian Wine and Spirits Challenge in 2010. Prior to setting up All Things Nice, Nikhil launched the import division of Sula Vineyards, India’s most recognized wine brand. He has worked with LVMH, and was responsible for trade marketing at Diageo. Nikhil has been in the wine business for over 16 years and has hosted over 2000 wine events, festivals and training sessions over the last few years.

Nikhil is the Chief Advisor to Myra Vineyards which started in 2012. The operation involved extensive research, winery setup, bottling and branding, recruitment, marketing and distribution.

Nikhil has lent his written expertise to eminent publications like BBC Good Food, GQ,  Times of India, HT,  Femina, Elle, Mans World and Conde Nast Traveller, among others. The reputed Fortune India, Grazia, Man’s World, Blackbook Millionaire Asia, Time Out, The Entrepreneur & Bombay Times have also featured him.

He has been featured on TV channels such as NDTV Profit, Times Now, Bloomberg TV  and ET Now. CNBC did a feature on Nikhil as part of the show ‘Young Turks’ and the Discovery Channel featured him in the show The Flying Wine Maker in 2015. He was voted as India’s TOP 10 Movers & Shakers in Verve magazine in June 2014. Nikhil has been invited by Trade organizations from around the world like International Wine and Spirits Show in Hong Kong, SIAL, ProWein, etc to speak about the Indian wine industry for international exhibitors and buyers.

Nikhil has been invited to address international exhibitors on the growing Indian Wine Market and the unique Indian wine consumer at the Wine Innovation Forum at SIAL China 2015, one of the biggest food and beverage shows in Asia.

Nikhil has been appointed as the program director of  the Wines of India.

IWCCA & CIF Recognized by Winemaker Andrea Valentinuzzi

Reveilo’s Chief Winemaker Andrea Valentinuzzi has some very positive feedback on the Indian Wine Consumer’s Choice Awards and Celebrating India’s Finest. We couldn’t be more proud!

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Reveilo’s Andrea Valentinuzzi

 

“The Indian Wine Consumer’s Choice Awards (IWCCA) and Celebrating India’s Finest (CIF) are excellent platforms to showcase the best wines that India has to offer. The consumers get to taste the wines blind and vote for  their favorite wines relying on their senses rather than any external influence which should be the ideal way since the preference of a wine is such a subjective topic.

It is beneficial for the brands to participate, as they get to interact with the consumers and get an instant feedback about the wines which is so important to ensure consumer satisfaction and converting new consumers to their brand.

It is also effective when different outlet owners or decision makers visit the event and see the consumer response towards various wines and in turn help them select appropriate wines for their outlets. The IWCCA and CIF indeed have been a boon to the Indian wine industry since it is the one of the few events that the consumers, the buyers of the wines choose what they like without any bias. We believe more people/organizations should encourage these activities for the benefit of the industry as a whole”

 

Chef Alessandro Becchini at Maritime by San Lorenzo

Chef Alessandro Becchini, the man behind Maritime by San Lorenzo at Taj Land’s End, is an alumnus of ‘Istituto Professionale Alberghiero F.Martin’ in Tuscany. He started his career as Executive Chef / Catering Director in October 1989 with Sì! Italian Restaurant & Bar at Charlotte, North Carolina, U.S.A. Chef Becchini has a vast experience in the F&B sector having launched 2 restaurants and spearheading more than 5 kitchen across his career spanning 24 years. Chef Becchini has also has experience in teaching having worked with Istituto Professionale Alberghiero Statale, Montecatini Terme, Italy as a teacher providing young students the rudiments of pastry and ethnic cuisine. We aboslutely enjoyed our dinner at Maritime this weekend, it made us want to make a special mention of Chef Alessandro on our blog!

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Chef Alessandro created a little dessert just for us!
Pic 1
Some divine shrimp so well plated!

All Things Nice and Fine Wine Investment Services

All Things Nice has now expanded to offer Fine Wine Investment Services to the discerning Indian consumer. To facilitate and amplify this arm of our portfolio, we have partnered with London based experts Amphora Portfolio Management. To know more about Fine Wine Investments and how it works please email us at finewine@allthingsnice.in.

Discounted perfection

Investment offer: Montrose 2010

  • Arguably currently the top Super-Second estate
  • 2010 recently ungraded to 100 points
  • 100 point value not yet reflected in the price
  • Offered at a 17.5% discount to the 100 point ‘09 (currently £2000/12)
  • 1990 currently trading at £5000. Also 100 points
  • Our offer at £1650 is the best price in the market

There is no doubt that the Chateau basking in the full glow of current adulation is Montrose. In recent years the Super-Second on everyone’s lips was Pontet Canet, with its bio-dynamic approach to viticulture and its pair pf perfect wines in 2009 and 2010.

Pontet Canet, though, had relatively humble recent origins (it was the wine served in railway carriages on the SNCF as recently as 1990), whereas Montrose boasts a fine pedigree. It was racking up 100 points in 1990, along with Petrus and Margaux. This is why Pontet Canet still has some catching up to do in terms of pricing.

Now Montrose has done some catching up of its own, since Robert Parker has recently upgraded its 2010 vintage from 99 to a perfect 100 (and don’t underestimate the value of that point). Amongst the Super-Seconds, therefore, the only two to have been awarded maximums in both 2009 and 2010 are Montrose and Pontet Canet.

It has long been rumoured that the 2003 Montrose, had achieved rave reviews in blind tastings, would be elevated to a perfect 100. In certain quarters there was therefore disappointment to see it upgraded from 97 to a mere 99, still a fabulous accolade, and well worthy of its recent investment outperformance.

We have examined the 2003, 2009, and 2010 for relative value by way of our proprietary algorithm. For 100 point perfection the 5.10 scored by the 2010 puts it at a marked discount to both PC 2009 (4.73) and PC 2010 (4.88).

19 cases available @ £1650 per dozen

Cases offered OWC in bond. Price excludes mgmt. fee. Subject to remaining unsold. E&OE.

All the best,
All Things Nice

WINE MARKET SHOWING ‘POSITIVE SIGNS’ AMID DOLLAR STRENGTH
The fine wine market is showing some indications of revival after price declines from its peak in 2011, helped by a strengthening dollar, according to Miles Davis, partner at Wine Asset Managers LLP in London. Read more…

Fine wine, Currencies and the Indian Investor

Fine wine, currencies and the Indian investor

You will not hear much commentary about currencies in discussions about the fine wine markets, but it is an incredibly important aspect both from an investment and consumption perspective. The market is denominated in Sterling, simply because the major merchants from 300 years ago operated out of the UK, and it has retained its place ever since.

Earlier this year, one of the reasons being touted for the relative lack of stock building by Asian merchants was that prices had risen quite sharply in USD terms over the prior 12 months. Indeed they had. As you can see from the second chart above, the GBP/USD rate moved from 1.50 to 1.70 over exactly 12 months to 30th June 2014.

Just when the broader market might have been supported by ongoing buying from Asia, the currency markets were doing their best to reduce the likelihood of that happening.

Since the summer, however, a combination of the expiry of the quantitative easing programme in the US, and a perception that the US economy is growing faster than its UK counterpart, has reversed the trend. The rate is now back to 1.57 and as can be seen from the top chart, is back to its 5 year average. We might therefore expect demand to pick up from Asian and other USD denominated buyers.

A recent trawl through our Hong Kong contacts reveals that this is precisely what is happening. We were asked yesterday if such “animal spirits” as had returned to the HK market were on show also back in the UK. (The answer is: yes, to a degree.)

The merchant fraternity in Hong Kong tell us that throughout this period, end-user demand has remained solid. They themselves had earlier over-estimated likely demand, so they had substantial stock positions already. The currency move meant that they had simply drawn down on stock, rather than continue to maintain high levels.

One merchant told us yesterday: “I am in desperate need of inventory.” So it is this re-stocking process which will drive the next leg, boosted by the currency move.

Since around 2005 the Asian buyer has been an increasingly important player in the fine wine game. Fine wine is a luxury good, and when developing economies expand and throw off billionaires a proportion of the wealth finds its way into Western luxury branded goods. Although the rate of accumulation has tapered off over the last couple of years (for reasons as diverse as the Eurozone crisis, the slowdown in China, and a series of clumsy En Primeur campaigns), there is no reason to believe that it lacks the power to become significant again.

Indian investors might see that the INR has had a good couple of months against Sterling. Our own soundings from trips to Mumbai suggest that the majority of people believe that the INR is in structural decline against Sterling. If that is true, then the current strength represents an improved entry point for INR investors, whilst a long term devaluation against Sterling means that a fine wine investment represents a very good currency hedge.

Fine Wine Investment Services


Fine Wine Investment Services
You will not hear much commentary about currencies in discussions about the fine wine markets, but it is an incredibly important aspect both from an investment and consumption perspective. The market is denominated in Sterling, simply because the major merchants from 300 years ago operated out of the UK, and it has retained its place ever since.

In the first half of 2014, one of the reasons being touted for the relative lack of buying coming out of Asia was that prices had risen quite sharply in USD terms over the prior 12 months. Indeed they had. As you can see from the chart below, the rate moved from 1.50 to 1.70 over exactly 12 months to 30th June 2014. This was making Sterling denominated investments much more expensive in local currency terms.

Since the summer, however, a combination of the expiry of the quantitative easing programme in the US, and a perception that the US economy is growing faster than its UK counterpart, has reversed the trend. The rate is now back to 1.50 and as can be seen from the second chart, is back to previous support lines. In theory, therefore, demand should be picking up from Asian and other USD denominated buyers.
A recent trawl through our Hong Kong contacts reveals that this is precisely what is happening. We were asked yesterday if such “animal spirits” as had returned to the HK market we on show also back in the UK. (The answer is: yes, to a degree.)

Since around 2005 the Asian buyer has been an increasingly important player in the fine wine game. Fine wine is a luxury good, and when developing economies expand and throw off billionaires a proportion of the wealth finds its way into Western luxury branded goods. Although the rate of accumulation has tapered off over the last couple of years (for reasons as diverse as the Eurozone crisis, the slowdown in China, and a series of clumsy En Primeur campaigns), there is no reason to believe either that it has disappeared, or that it does not have the power to become significant again.

Indian investors might see that the INR has had a good couple of months against Sterling. Our own soundings from trips to Mumbai suggest that the majority of people believe that the INR is in structural decline against Sterling. If that is true, then the current strength represents an improved entry point for INR investors, whilst a potential longer term devaluation against Sterling means that a fine wine investment represents a very good currency hedge.

The Bulls Are Back In Town

The Bulls are back in townYou may have noticed a rather encouraging amount of positive press about the wine market’s prospects in 2015: “ Bordeaux ’05 Wines Lead Biggest GainersSo are we at All Things Nice feeling equally bullish? Actually yes. In fact, enthusiastically so – we think this is a particularly propitious moment to consider a foray into the market.You are excused for wondering if you have heard this message before, because you probably have. At the end of 2011 and 2012, for example. And yes, one of the best known stock market aphorisms is “it’s different this time”. Some commentators think it NEVER is. Actually, it ALWAYS is. If it weren’t always different, investing would be a piece of cake. And as we all know, it ain’t.

 

So what you may have heard at the end of 2011 and 2012 was that it was a good time to invest in fine wine. Nice thought. Sadly wrong. And it is worth examining why the message was wrong then, but might be right now.

At the end of 2011 the buy call was predicated on the fact that prices had declined so much in the correction. By end 2012 there was the additional “benefit” of a year’s extra consolidation. Unfortunately both calls ignored a really important issue: what was going on in China. They also ignored things like merchants’ stock levels, exchange rates, and the Eurozone.

All investment decisions are about an analysis of background risk. If you can know more than the market, all well and good, but those occasions are rare indeed. Absent that, you have to try and work out WHY it’s different this time, and then decide if it matters.

At the end of 2011 and 2012 markets worldwide hadn’t absorbed the impact of the Eurozone crisis, nor of the economic slowdown in China. Merchants, in Asia especially, were sitting on oceans of stock. Even had the Chateaux offered coherent En Primeur pricing for the 2011 and 2012 vintages, it may not have helped.

So, where are we now? We would argue that the extra two years’ consolidation has shaken out a great deal of the loose stock. Merchants’ stock levels are now very much lower. To meet any underlying demand they now have to pick up stock. The market’s reaction to the 2005 upgrades has thrown up rises unseen since the bull phase.

The slowdown in China has now been thoroughly absorbed. We are getting used to the fact that 7.5% growth for an economy that big is perfectly satisfactory, thank you. The country is spawning billionaires by the dozen, and whilst it is now much more difficult to cross a government official’s palm with claret, the appetite for consumption has far from abated.

The US buyer has returned to the market, stimulated by buoyant economic growth and a much more attractive exchange rate against Sterling, in which fine wine is priced.

And finally, what can we expect from this year’s En Primeur campaign? Well, the 2014 vintage, whilst not legendary, is certainly a cut above all those since 2010. The merchants have sent an open letter to the producers advising them to be more realistic about pricing. Our understanding is that they can ill afford another flop, and indeed since their costs are in a weak Euro they have the opportunity to address previous years’ mistakes.

History suggests that when conditions are right, the fine wine market is a great place to make investment returns. We would suggest that the risk is currently greater being underinvested. There are bargains out there, and we recommend taking advantage of them.


Bordeaux ’05 Wines Lead Biggest Gainers on Liv-Ex Market
(Bloomberg) — Top Bordeaux wines from the 2005 vintage, currently being reviewed by critics 10 years after the harvest, were among the biggest gainers on the Liv-ex wine market last month and accounted for almost 20 percent of trading. Read more…

Bordeaux 500 ‘moving in right direction’
There are reasons to be cheerful studying the Liv-ex Bordeaux 500 since July, and it’s not all down to Robert Parker. Read more..