Burgundy’s 2013 vintage is set to bring widespread price cuts, even though “many wines turned out to be better than the weather conditions suggested”.
With rising land costs in Burgundy and a revamped image of the négociant business, the region’s young talents may increasingly use the business model.
UK merchant Corney & Barrow has added a significant Burgundy producer to its portfolio in the form of grand cru specialist Domaine Jacques Prieur.
Penfolds Grange 2008 was the biggest riser on Liv-ex’s Fine Wine 100 index in December, though the market ran flat in the final month of 2014.
Acker Merrall & Condit is to auction the personal collection of American importer Martine Saunier in Hong Kong this month.
Sales of Burgundy have overtaken those of Bordeaux for the first time in American auction house Acker Merrall & Condit’s history.
Next month will see the UK’s first official “Bourgogne Week”, with Burgundy-themed events in London to coincide with the region’s 2013 vintage launch.
US fine wine auctioneer, Hart Davis Hart, looks set to remain the country’s number one wine seller this year as the US market continues to grow.
Marlon Abela, owner of two Michelin-starred London restaurant The Greenhouse, has acquired a controlling stake in UK independent wine merchant OW Loeb.
Emmanuel Giboulot, the biodynamic winemaker who was fined for not spraying his vines against a new pest, has had his conviction overturned on appeal.
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