An article today covering the every growing problem in China on fake Fine wine. This is an ever growing problem and a key reason why most of the western world buyers refrain from buying wine that has a provenance track that has any hint of China.
We have seen story upon story, tale upon tale about bottles of wine like the Lafite 1982 being opened to discover it had a 1981 cork..... Alarm bells start ringing straight away.
An preferred method for Intercontinental Wines is to use the fantastic services offered by companies like London City Bond. It.is no surprise with a skill set and experience stretching a century, and with established storage sites across the country, they are the perfect choice to store your wine.
Being held under bond your wine stay in a privately owed account under your own name, and while stored in the account remains exempt from VAT and import duty.
Sites like London City Bonds Vinotheque are able to offer a premium service, even offering online access to your asset. Here you can transfer, track and review your portfolio at the click of a button. So if have just a few cases or like many people have a vast portfolio stretching through the decades, the Bonded Warehouse is there to give you and the future buyer of your wine peace of mind.
Read more here about problems in China
If you would like to find out more about setting up a bonded warehouse account, or to start a portfolio then contact the Intercontinental Wines team today on +44 (0)800 980 4509
Robert Parker: I'll never retire, despite giving up Bordeaux en primeur tasting
Robert Parker has said that he will never retire, despite handing over duties for scoring and reviewing en primeur Bordeaux to protégé Neal Martin.
Martin has been with the Wine Advocate team since 2006 and covered Bordeaux for 18 years, writing a book on Pomerol in the process.
Parker will continue to taste Bordeaux in bottle and is planning to taste the 2012 vintage next month, before producing a 10-year retrospective on the “incredible” 2005 vintage. He added that he has no plans to give up tasting Napa and Sonoma.
Parker said: “I have no intention of retiring. I will die on the road, or keel over in some winery. Retirement is a formula for death.
“I love tasting. I am going to miss en primeur, the challenge of trying to find out a new vintage – you are always a student, I’ve been doing it for 37 years, Neal for 18 years, but every new vintage throws up something new. Still 2014 will throw surprises, no matter how much experience you have.”
Parker has tasted virtually every Bordeaux en primeur vintage since 1978 and made his name on the 1982 vintage, but said change was inevitable and that Martin was the perfect replacement.
He described Martin as “a natural and, coincidentally, the best prepared for the job”, adding: “I have total confidence in Neal’s independence, work ethic, and abilities.”
Parker was in a wistful mood at a London press conference yesterday evening, reflecting over changes in the wine world in the past 37 years.
“The wine world I entered in 1978 doesn’t look anything like the wine world today,” he said. “Nothing has stayed the same. In the first issue of Wine Advocate I reviewed 300 wines. The one that made my name, tasting the 1982 vintage in the spring of 1983, featured 600 wines. This last year in total the Wine Advocate team has generated 29,000 professional tasting notes.
“There has been a dramatic increase in quality throughout the world. When I started less than 1% of Bordeaux wines were good. Margaux was mediocre, Lafite was just getting its act together. Now across the board it’s getting better.
“People recognise it’s a global business, and there is incredibly intense competition. This has led to intense improvement in vineyards and an increase in organic and biodynamic production.
“The goal of wineries throughout the world now is to translate the [terroir] of the vineyard in the most unadulterated was possible and get it into bottle so that what you taste is a true representation of the soil, vintage and region.”
Merchants on Standby for Latour 2003 release
2015-03-03T06:14:00+00:00 Tuesday 3 March 2015
by Chris Mercer
Chateau Latour has been testing the waters in the market and is expected to release around a thousand cases of its 2003 vintage ahead of the en primeur week for the Bordeaux 2014.
Bordeaux first growth Latour announced yesterday (2 March) that it would be releasing an unspecified quantity of its 2003 grand vin and also some of its second wine, Les Forts de Latour, from the 2008 vintage.
The releases are expected in mid-March, following a pattern of back-vintage releases that Latour began in 2013 after its withdrawal from the Bordeaux en primeur system.
A spokesperson for Latour told Decanter.com that the estate wouldn't release price information on the wines at this stage, but that it has discussed options with negociants.
Consumer demand for Bordeaux has shown signs of recovery in recent months, according to analysts at Liv-ex and Bordeaux Index, and particularly for the 2005 vintage. The Latour release will be another test of demand for back-vintages.
It is believed to be the final stocks of the wines being held at the chateau
Read more at http://www.decanter.com/news/wine-news/588030/merchants-on-standby-for-latour-2003-release#Cpi6ZTZut1OJGoBL.99