Wine and Chocolate: A Cliché or a Match Made in Heaven?

Although we have no idea why, there seems to be a general perception that chocolate and wine go well together. Pairing food and wine is almost a science, but what about chocolate? Let’s consider for a moment whether it’s just a concept somebody invented to increase sales on Valentine’s Day, or if it is something worth exploring.

wine-and-choclate

Chocolate and Wine Are Miles Apart

First of all the unlikely pair come from completely different geographical locations. Most of the cacao trees in the world are grown in hot and humid places like South America, West Africa and Asia – not really ideal areas for wine production. Although wine is also produced in South America, the best known wine countries are Chile and Argentina – not Ecuador and Brazil, where cacao is grown.

This does not necessarily mean that the two don’t match. Anybody who has had chocolate covered cherries or has dipped strawberries into a chocolate fondue fountain will tell you that fruit and chocolate can go very well together indeed. Continue reading

New Rules Could Lead to a Rise in Wine Storage in France

There are many kinds of wine warehouses. They vary in size, location, history and design, but there are some things they all have in common. Whether you store your wine collection in an old quarry or a disused World War II bunker, it is safe to say that your storage warehouse is most probably dark, cavernous, cold and absolutely traceable. These key elements are all essential for top wine investment merchants. These are the storage conditions they pride themselves on, and rightly so, after all, it is technically their money that is going into storage.

Wine Storage

High Quality, Low Profit

Surprisingly, some wine storage warehouses don’t profit from providing these perfect storage conditions. Believe it or not, France has not been making money from wine storing. Even though a large percentage of wine is stored there, the French facilities have not been profiting from the storage. While bonded warehouses in countries like the UK, Switzerland and the US charge for storage, in France payments are only due once the wine leaves the warehouse. This means that the wine can be sold and resold, the owner can profit from each sale, while the company providing the storage facility makes practically nothing.

An Aroma of Change

But, this is all about to change. After nine years of lobbying, certain laws regarding wine mobility in France have been relaxed. This could effectively put French storage facilities in line with other warehouses around the world. According to the previous rules, it was illegal to release wine back into the local market after it had been stored. As a result, wines were moved to other countries for more flexible storage and distribution. But as of recently, France no longer requires companies to know exactly where their wine is headed before storing it in bonded warehouses in the country.

Great News for France

The market for bond storage is nearly exclusively for high-end investment wines. With the new laws in place there is no longer any major reason to move wines out of France and sacrifice their distinction as truly ex-Bordeaux. In theory, the new rule makes Bordeaux an ideal centre for storing and reselling en primeur wines, which were delivered from a nearby winery with 100% traceability and a minimal carbon footprint. Having the ability to hold stock in transit without being liable for taxes also means that stock pools can be expanded.

What does the Future Hold

How will the UK, Switzerland and the US react to this new reality? Will they form partnerships with bonded warehouses in France, set up their own bonded facilities, or amend operations in some other way? We will have to wait and see. This is certainly an interesting time for these changes to take place. Despite Brexit affecting wine movement between the EU and the UK wine remains an excellent investment and is still being bought and sold all over the world. It may be down to a mere shift in perspective to make it work for all parties concerned.

Where Will the Smart Wine Money Go in 2017?

Every wine buff knows that Burgundy and Bordeaux are both very popular wines. What only the experts know is that Burgundy has been statistically outperforming Bordeaux for the last number of years, at least until recent months.

Let’s Look at the Numbers

The beginning of 2012 was also the start of a 50% rise for Burgundy wines that continued until at least 2016. During the same period Bordeaux wines fell by almost 20%. This was after the Bordeaux bubble that happened from 2009 to 2012 suddenly burst, and hailed the slow and steady decline. In January 2016, everything drastically changed.
Wine consumption
Although the market indicators showed a dismal performance from Bordeaux, it continued to remain popular, and this popularity finally started showing up in the numbers. In the months between January and September of 2016 all indices increased by at least 10%, finally showing excellent growth potential. After years of declining numbers, Bordeaux is once again on the upward trajectory. While Burgundy is also showing growth, two Bordeaux indices are paving the way. First Growths are up by 13.5% and the Bordeaux Medoc Classed Growth index rose by 16.5%. It is not only Bordeaux that is shooting up. Blue Chip Burgundies have also risen by 11.3%.

The Battle of the Bottle

If there was a competition between the two, all bets would certainly be placed on Bordeaux being resuscitated. It is also interesting to note that despite the numbers of the past few years, Bordeaux continues to be well-loved and well-chosen, time after time.

Predictions for the Next Year or Two

All the signs are there. The rapid improvement of Bordeaux in recent months heralds a time of increased interest in an already eminent brand, and prices may well rise even more dramatically than Burgundy prices have in the past few years. This doesn’t mean that Burgundy will succumb to a rapid rise and crash cycle the way that Bordeaux has. Like Bordeaux, even when short-term investments may be slightly affected, other factors, like reduced yields the past year, will drastically push up release prices in the coming years. Fine wine investors can rest assured that both the Bs remain relatively safe investment options.

10 Unspoken Rules of Food and Wine Pairing

Wine Pairing is a Bit Like Baking a Good Cake

Just like a pinch of salt is vital to bringing out the flavour of a cake, it is also essential to have the right wine with the right food to get the taste experience just right. Here are a few guidelines to bear in mind when pairing food and wine.

1. Prestigious with Prestigious, Humble with Humble
The first and most important principle is simply to have fancy wines with fancy food, and to have simpler wines with simpler foods. There is absolutely no need to have a pricey Pinot Noir with a ham and pickle sandwich. Conversely, having expensive tenderloin on the menu may present the perfect opportunity to open that bottle of lush Bordeaux you have been savwine and fooding.

2. Delicate Flavours vs. Bold Flavours
Again, the idea is to match the wine to the food, and that means taking the flavour into consideration as well. A robust Shiraz could beautifully balance a bold curry, while it would overwhelm a delicate sole au gratin.

3. Contrast or Mirror?
In some cases, you may want to create a taste sensation by mirroring flavours. For example, a Chardonnay with creamy seafood pasta. At other times, it works better going in opposite directions, juxtaposition in food can be exciting and delectable. Seafood pasta can also be enjoyed with something sleek, crisp, and tingling like Champagne.

4. Go for Something Flexible
Chardonnay is delicious on its own, but is so full-bodied that it could taste dull and hard with certain foods. If you are uncertain, go with a Riesling or a Sauvignon Blanc to be safe. The most flexible reds are Burgundy, Chianti, and other wines that have more fruit and less tannin.

5. Fruity with Fruity
When serving dishes that contain fruit, like duck with figs or pork with apples and cider, pair with fruity wines such as Muscat or Riesling.

6. Acidity and Saltiness
Salty food works well with the acidity in wine. Imagine how well Champagne would pair with smoked salmon or a good Chianti with Parmesan cheese. Asian dishes with a lot of salty soy sauce go particularly well with wines that are high in acidity like Riesling.

7. Sweetness and Saltiness
Pairing salty dishes with sweeter wines can create a delicious fusion of flavours. This is what has made the old European tradition of serving salty Stilton cheese with sweet Port so successful.

8. High-Fat Food and Robust Wines
Food with a lot of butter, cream, or animal fat needs an intense and rich wine. Good quality Merlot or Cabernet Sauvignon works particularly well with dishes like grilled steak with creamy sauce, or duck.

9. What about Umami?
Known as the fifth taste in addition to sweetness, sourness, bitterness, and saltiness, umami is being used more often in contemporary cuisine with flavours from foods like soy sauce and wild mushrooms. Adding umami heightens the overall experience, so adding wild mushrooms to a steak with Cabernet Sauvignon further enriches an already sensational pairing.

10. Watch out for the Sweet Stuff
When pairing wine with desserts, consider the level of sweetness. The sweetness of the dessert could easily knock out the character of the wine, and a very sweet dessert can cause wine to taste dull. The ideal marriage is between a reasonably sweet wine, and a slightly less sweet dessert like a fruit or nut tart.

Food and Wine Bliss

 

Finally, in addition to observing these guidelines, the best route to successful pairing is through experimentation, which is also the most enjoyable way to learn this particular skill.

Post-Brexit Fine Wine Investment

Is Fine Wine an Investment Haven After Brexit?

Britain collectively voted to exit from the European Union causing major upheaval in the venture capital world. Investors experiencing the economic turbulence after Brexit are understandably nervous. The upshot of this momentous event has left several severely startled financiers concerned about the rapidly falling pound – and looking around for secure investment options.

Investing in fine wine has just become an
even safer investment haven

Even though global markets are rattled, there are still steady, reliable options available to investors – vintage options, like fine wine investment. One of the main traits of a vintage investment is that it has several defensive characteristics that make it perform well, even in a declining economy. This is why:

Pricing – Since thBrexit Blue European Unione pound has dropped to the lowest it has been in over three decades, fine wine prices have become more competitive. Because of this overseas demand is stimulated. Even though fine Bordeaux investment wines may be priced in Sterling, most of the buyers are transacting from overseas countries like Japan, China and the United States.

Fine wine investment remains on an upward trajectory – Despite the fine wine market suffering a substantial price correction after a period of falling prices between 2011 and 2014, annual returns and price increases remain consistent, unlike many other investment markets and economies.

Fine wine is independent – While many other asset prices are dependent on other pricing, holdings in fine wine has no correlation to the FTSE100. Again, performance is consistent.

Lack of white noise – Lucrative investments can be drowned out by the white noise of a strong economy. During an economic decline, solid investment options become more obvious and fine wine investments are no different.

Physical assets perform better in a weak economy – This is especially true when it comes to the excellent long-term performance track record of fine wine investments.

Sin Industries – Although fine wine cannot truly be considered as sinful, it is regarded as part of the so-called ‘sin industries’ – and during economic downturns these industries do better.

The Flip-Side of the Coin

Of course there is apprehension when it comes to making investments during tumultuous times. According to Mike Laing, Armit Wines managing director, many customers would prefer taking the risk of waiting to see how things settle down post-Brexit before committing funds. Gary Boom of BI is equally wary and was heard voicing concern over volatility when it comes to trade markets.

Is it Really That Risky?

Veteran investors agree that making time-honoured investments is the way to go – and what better than investing in en primeur wines? Acquiring stock at the lowest market price, especially when the economy is dipping, makes perfect sense. According to the Wine and Spirit Trade Association (WASTA) wine trade in the UK has more than doubled in the past 10 years and the country has become an importing and distribution hub for fine wines across the globe. Being the preferred point of entry into the EU’s single market, Britain is the ‘beating heart’ of the global wine trade, making fine wine investments in the UK a very sensible decision. Any investment has associated risks. It is up to the individual investor to decide what level of risk they are prepared to take, and what they are prepared to invest.

Elegance, Exclusivity, Craftsmanship

What Makes a Cult Wine?

Cult wines are wines that dedicated enthusiasts pay large sums of money for. These wines are often collected as a status symbol – or an investment. To some only an intimate selection of fine Bordeaux wines and certain Cabernet Sauvignon wines from the Napa valley are considered as cult wines. Although it is true that the majority of cult wines do originate from these areas, the industry is not that limited. Wines that fall under the title can be from other regions, like Rhône, Italy, or Burgundy. Whether it is a subtle, brilliant Pinot Noir or a sophisticated Cabernet Sauvignon, some wines have that extra edge that turns them into a cult wine

Wine Barrels
What is it about them? Wine Barrels.

 

The Edge

A single quality makes a cult wine: high demand, and this is usually amplified by scarcity. A wine that comes into record-breaking popularity is nearly always created by a famous winemaker, and then authenticated by high ratings and reviews. When only a few hundred cases are produced at a time, cult wines become even more sought after. Although this may sound fairly straightforward, it is not that simple. In industries like motoring or music a clever ad campaign can shoot a new car range or song into instant stardom. In the wine industry advertising is entirely irrelevant without first producing a vastly superior product. How this is achieved only elite wine making companies know.

The Winemaker’s Secret

According to winemaker Michael G. Etzel from Beaux Frères Winery, the philosophy of wine that can achieve cult status is in the process. He believes in minimal intervention, and in using indigenous yeast. According to Etzel wine should be stored only in French Oak for between 10 months and a year while adjusting the percentage of new oak. At Beaux Frères the strict process also includes not racking the wine until it is ready to be bottled, and not fining or filtrating the wine. Known as making some of the most exquisite Pinot Noir outside of Burguny, and part owned by famous wine critic Robert Parker, Beaux Frères Winery is certainly a trusted source.

Australian Wine in the Headlines

The annual Australia Day celebrations have reminded us about Australian wine again – and perhaps it’s useful to have a reminder this year, as Australian wines don’t seem to be as dominant in the marketplace as they once were. It seems like much more shelf space was dedicated to Australia a decade ago – perhaps our interest in Australia’s budget and mid-range wines reached its peak and then dropped off slightly as other wine-making nations emerged. That’s not to say that Australia’s wines are performing badly in the marketplace – their wine exports were up 14% in value last year, although this is not reflective of how they are performing here in the UK, where growth has been relatively slow at 0.2%.

A problem of perception
australia wine

At the top end of the market, Australia still struggles slightly with how its finest wines are perceived, particularly in the on-trade where they are often under-represented in favour of their high-end counterparts from Europe. Australia’s fine wines are plentiful, and extend far beyond its most famous names, Penfold’s Grange and Henschke’s Hill of Grace. Unfortunately many of the top wines from smaller producers are yet to trickle through to the European market.

Consistent vintagesaustralia-wine-section

Australia’s climate is much more reliable than that of France and other leading Old World wine producing countries, nor have they struggled with drought like the Californians have done of late. That means there are no bad vintages to speak of, their best wines are consistently good and just as ageworthy as their Old World equivalents. There is also a good deal more freedom when it comes to deciding what grapes to grow and how the blend is made up. Some of the finest Australian wines are Bordeaux-like but with a proportion of Shiraz in the blend, a grape that is not grown in Bordeaux. Shiraz loves the Australian soil and adds weight, complexity and softness to the blend. Rhone-style blends are also common.

The best is yet to come

At the lower end of the market it is worth noting that modern Australian wines have much more subtlety and delicacy than earlier versions, and it is likely that the best are yet to come. At the top end, a recent free trade agreement with Korea has encouraged sales, and certainly it seems like the ‘buzz’ around Australian wines has been renewed. For investors, the message seems to be “watch this space”.