Chateau Latour famously quit the en primeur system in 2012 and since then has released its vintages when it has deemed them ready to be drunk and at a time to suit them and not the fine wine market. But this stance has mainly backfired as they released their wines with a 10 - 20% premium when the market was flat or declining. Now that the fine wine market is showing signs of a recovery it seems that they have come to a more sensible and measured pricing structure in order to sell their wine. The 1996, 2001 and 2002 vintages have just been re-released at a much more sensible price at a much smaller premium to the market. The chairman of Bordeaux specialist merchant, Farr Vintners, called it "a welcome move by the chateau not to pitch the new releases above the market." Hopefully their attitude will work for everyone in the trade but the acid test will occur when they start to release their previously unreleased vintages from 2011 onwards. Watch this space! For more details please click on article below.
http://www.thedrinksbusiness.com/2014/09/latour-1996-release-wheres-the-premium/
The Wine Investment Association’s efforts to tackle fraud through self regulation – a statement of clarity from the National Fraud Intelligence Bureau.
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30 December 2013 - Which? Report - Investment Scams to avoid 2014. Which explores investment scams including wine investment, the article mentions the Wine Investment Association under "How to invest legitimately" Read Now | |
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October 18 2013 - Financial Times 'Buying & Investing in Wine'. This article includes a special report on the WIA. Read Now | |
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October 2013 Culver Street become the latest full member of the WIA. Culver Street’s specialists including a Master of Wine bring decades of experience in sourcing the most suitable wines, in storage and in resale. | |
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September 2013 Provenance Fine Wines become full member of the WIA. Provenance Fine Wines create and manage portfolios of superb quality wines, produced by some of the most highly regarded vineyards in the world. have become a Full WIA Member. | |
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14th February 2013 - New code tackles wine investment fraud... Click Here to read the article in full. |
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14th February 2013 - A new self-regulatory body set to transform the growing wine investment industry has joined forces with the City of London police to form a fraud-fighting partnership... Click Here to read the article in full. | |
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8th February 2013 - The Wine Investment Association has teamed up with the National Fraud Intelligence Bureau to provide better protection for the wine industry and increase consumer confidence... Click Here to read the article in full. | |
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17th January 2013 - The Time Is Right to Buy Fine Wine... Click Here to read the article in full. |
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30th November 2012 -Wine investment industry must rectify glaring error... Click Here to read the article in full. | |
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29th November 2012 - A new self-regulatory body for wine investment companies has been launched to protect consumers following a series of high-profile fraud cases in the UK... Click Here to read the article in full. |
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29th November 2012 - The Wine Investment Association: A Landmark For The Industry... Click Here to read the article in full. | |
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29th November 2012 - Yesterday saw the launch in London of the Wine Investment Association (WIA), an attempt at a self-regulatory body for the wine investment business... Click Here to read the article in full. | |
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28th November 2012 - The Wine Investment Association was officially launched today promising to set up regulations and processes that protect wine investments of private individuals... Click Here to read the article in full. |
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7th September 2012 - Proposals by the FSA to restrict how Unregulated Collective Investment Schemes are promoted will have no effect on fine wine investors, say experts... Click Here to read the article in full. | |
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6th September 2012 - A self-regulating charter designed to cover wine investment is due to launch this autumn... Click Here to read the article in full. |
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8th July 2012 - Leading companies in the wine investment industry are looking to set up a regulatory body to combat an influx of bogus sellers and prevent company collapses... Click Here to read the article in full. |
