Posted: March 9, 2012 By James Laube
All things being equal, one would expect great Burgundies to fetch higher auction prices than Bordeauxs based on availability alone. And they did in a recent auction in New York where the top-selling lots were Domaine de la Romanée-Conti bottlings that sold above estimate and a slew of Bordeaux first-growths realized less than their Wine Spectator Auction Index averages.
But that’s not usually the case, which is a surprise since there is far more great Bordeaux produced than Burgundy. The top growths in Bordeaux can produce 20,000 cases of great wine a year, which means buyers can secure cases. With Burgundy, or Pinot, you’re usually trying to hunt down a bottle or two.
Posted: March 9, 2012 By Peter Hellman
Posted: February 29, 2012 By Peter D. Meltzer
Posted: February 29, 2012 By Mitch Frank
Posted: February 29, 2012 By Lizzie Munro
Posted: February 27, 2012 By James Laube
If the Premiere Napa Valley 2012 wine auction is a harbinger of things to come, the recession—at least for the rarest wines from some of Napa's elite wineries—is over.
Certainly the mood at Premiere was upbeat. Held Saturday at the Culinary Institute of America in St. Helena, Premiere raised $3.1 million from the sale of 200 lots of wine futures, an impressive 31 percent increase over last year's event.
Posted: February 10, 2012 By Peter D. Meltzer
Posted: February 9, 2012 By Peter Hellman
Posted: January 30, 2012 By James Molesworth
The annual Naples Winter Wine Festival has all the trappings of an A-list event. Based at the Ritz-Carlton Tiburón Golf Resort in Naples, Florida, the list of participating vintners includes the likes of Ann Colgin of California's Colgin Cellars, Prince Robert of Luxembourg of Bordeaux châteaus Haut-Brion and La Mission Haut-Brion and Peter Sisseck of Spain's Dominio de Pingus. The event's well-heeled attendees enjoy generous pours while eating food prepared by a list of chefs that includes Wolfgang Puck, Dean Fearing, Kelly Liken, Bill Telepan and more. The festival ends with a day-long live auction attended by approximately 600 people.
Posted: January 30, 2012 By Lizzie Munro
Posted: January 19, 2012 By James Laube
Using wine as an investment vehicle, where the goal is to profit financially rather than just drink well, is about as tricky as playing the stock market. That is, it’s just as easy to lose money as win it. And if the past few years haven't made the risk involved painfully obvious to traders of either commodity, the recent Wine Spectator Auction Index numbers for Bordeaux should serve as another cautionary tale: The Chinese are no longer driving Bordeaux prices through the roof, and prices are dropping.
Posted: January 10, 2012 By Peter D. Meltzer
Posted: January 9, 2012 By Lizzie Munro
Posted: January 5, 2012 By Peter D. Meltzer
Posted: December 31, 2011 By Peter D. Meltzer
Posted: December 31, 2011 By Lizzie Munro
Posted: December 15, 2011
Posted: December 15, 2011 By Lizzie Munro
Posted: December 1, 2011
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