“Notwithstanding the ongoing turmoil in the financial markets, we believe that investment-grade wine will generate positive returns in 2009, with double-digit growth returning later in the year.”

Andrew Della Casa – Wine Investment Fund -The Financial Times (June 2009)

 

“Fortunately, the market did not drown in wine last winter. Instead, it somehow managed to soak it up, largely thanks to the sheer level of interest from Asia. Miraculously, demand there remained rock solid, effectively underpinning the market. At the end of last year, one merchant was selling £150,000 worth of wine a day through its recently opened Hong Kong office. Other merchants and auctioneers have also registered record sales from the region. Of course, Hong Kong’s zero wine tax and duty helped, as did sterling’s weakness.”

The Financial Times (June 2009)

 

“So is now still the time to buy? Certainly”

The Financial Times (June 2009)

 

 

Golden Grapes

“Historically, fine wine has been the last investment to fall and the first to recover. Early indications, however, are showing that now is the best buying opportunity since 1997”

Stacey Golding – Premier Cru -The Financial Times (June 2009)

 

“Hong Kong is rivalling New York and London as a hub for fine wines as locals and mainland Chinese show their penchant for top-grade vintages, especially rare Bordeaux, by paying a premium for them.”

Le-Min-Lim - Bloomberg (Oct 2009)

 

“A 6-litre bottle of Chateau Petrus 1982, a vintage described by the seller as smelling of prunes and spices, fetching a record HK$726,000 ($94,000) at a sold-out auction of fine wines in Hong Kong, spurred by Chinese buying.”

Le-Min-Lim - Bloomberg (Oct 2009)