Gold’s month on month performance has dropped off for the first time this year following first quarter sustained demand, most likely as a response to the falling US dollar, concerns over rising inflation and an increasingly tense geopolitical scene. Gold’s spot price today stands at $1,288, up 8.5% year to date in Sterling. ETF Securities […]
Some of the most aspirational investments in the world are super rare and command extraordinary price tags. Sotheby’s hit the press again this week with two up and coming sales. They have featured the sale of a 90-year old Mercedez-Benz 68OS Torpedo Roadster (only three were made) to take place at their classic car auction […]
Yesterday on the Right Bank was a LONG day in St Emilion and Pomerol. 80 wines tasted, making that about 200 in the last two days and I am now officially resting the palate over the weekend! I was accompanied by a great friend who owns a vineyard in the region and it was valuable […]
It’s a tough job – someone has to do it and believe me at the end of day 2 my palate is exhausted and only a glass of excellent Champagne can revive it! So half way through the trade tastings and Bordeaux is alive with the fruit of last year’s labour on show for the […]
2014 is the first Bordeaux vintage that Robert Parker hasn’t scored at all since 1977, and marks the true end of an era and changing of the guard. Neal Martin who now has the Bordeaux beat at The Wine Advocate released his bottle scores on Friday and gave all of us in the wine trade […]
The ‘dream-like collection’ of a single connoisseur has defied sale forecasts by Sotheby’s, comfortably exceeding them at auctions in New York and London this week. “A triumph,” was the verdict of Stephen Mould, head of wine for Sotheby’s Europe, on the New Bond Street outfit’s big event in the capital. More of the wines will […]
James Suckling is the first top wine critic to publish his En Primeur scores of the 2016 vintage. Always one of the earliest to set out his stall for the latest Bordeaux vintage, his overall view is that “2016 is an exceptional vintage, equal to the exquisite 2015”. Suckling may well be using this platform to position himself as Parker’s successor as the wine world focuses on Bordeaux at this time of year.
The dust is beginning to settle following Philip Hammond’s last Spring Budget (will now be an Autumn Budget) and I can report that there are no significant changes that will directly affect investments in fine wine by U.K. Resident and domiciled individuals. However with Article 50 about to be triggered by Theresa May and our formal exit from the EU only two years away it’s a case of watch this space. Whilst I cannot see Brexit changing the UK domestic tax landscape fundamentally, there will be yet unknown changes to the taxation of international trade and the imposition of Customs Duties.
With two weeks to go, Bordeaux will be gearing up for the arrival of the world’s merchants, press and critics to have the first opportunity to taste the soon-to-be released 2016 vintage. Those who have dared to put their heads above the parapet are making positive noises, most notably Philippe Dhalluin, MD Chateau Mouton Rothschild, is quoted as saying of 2016 – “is clearly an excellent vintage”.
The fine wine trade has the “wind in its sails”. Having weathered troubled waters in 2011 – 2014 and flat calm through the first half of 2015, 2016 has re-energised the market and the forecast looks good for the year ahead. Liv-ex has published the findings of its annual survey of trade members and their […]