Category: Chinese wine market
Eye On Asia (Part 1): Bordeaux Still Top of China’s List
In the last five years there can be no denying that China has been pushing the fine wine market skyward almost single-handedly. No one could have predicted the demand from the Far East which has seen prices for certain wines skyrocket. In 2012 Christie’s sold over £23 million worth of fine wine at just nine … Continued
Capital Vintners: Eye on Asia
We all know that the Chinese wine market has boomed over the last few years, but recently there has been rumours abounding that demand has been decreasing after the boom of 2009-11. Let’s investigate the data. According to International Wine and Spirit Research (IWSR), the Chinese drank 160 million cases of wine in 2011, a … Continued
China to exhibit its wines for the first time at LIWF 2013
The rise of Chinese involvement in the wine market can be seen more and more these days. For the first time Chinese wine will be presented at the London International Wine Fair (LIWF) 2013. Chateau Hansen – established by the Han family in the 1980s – is China’s first organic estate. Situated in Wuhai, Hansen … Continued
Capital Vintners Special Report: Fine Wine and China
In 2008 the fine wine market was affected by a single piece of legislation in Hong Kong to such an extent that the small island off the coast of China is now, after only four years, Bordeaux’s number one export market. The duty on fine wine was reduced from 40 to 0 per cent and … Continued
Capital Vintners: Eye on China
Here at Capital Vintners we like to keep as up to date as possible on movements in the global fine wine market. China is currently importing a significant amount of Bordeaux wine. No longer are the Chinese only buying the top wines; they have started to diversity their portfolios, further increasing imports and diversifying Chinese … Continued
Second Chinese-owned negociant to open in Bordeaux next month
Another Chinese-owned negociant is set to open in Bordeaux next month as the Asian wine market continues to make a mark on the French region. Chinese businessman Jinshan Zhang is responsible for the exciting new venture. The first Chinese-owned negociant in Bordeaux opened in 2008 and employs seven people, including three Chinese speakers. The new … Continued
Burgundy wines soaring in value
Christie’s have reported that Burgundies are performing incredibly well right now. In particular Domaine de la Romanee-Conti has performed well. Although Bordeaux wines are still top dog, Burgundies are gaining notoriety in the market, especially Asia. Capital Vintners not only offers a wide collection of fine wines, but also the very best Burgundies: http://www.capitalvintners.com/wines/8/burgundy As production … Continued
China set to become second largest luxury market by 2017
China is due to become the world’s second largest market for luxury goods in the space of five years. Luxury goods sales could reach $302 billion worldwide this year, up four per cent from 2011. Fine wine, especially Bordeaux wine, dominates the luxury goods landscape. Most of the large UK merchants report between a third … Continued