 | |||
| February
2004 Newsletter: Bordeaux 2003, the vintage everyone wants..... Please see below for our updated wine selections, now over 25 to choose from and all Great value for money. Also we now supply Riedel Glassware, the very best stemware for maximum appreciation and enjoyment from you wines. Click here for details. The FT100 is currently at 4404 and the Dow Jones is at 10593, the FT hovering around 4500 but the US market has moved up about 10% over the last few months. Interest rates have stated to move up in the UK with expectations of a full 1% rise in total before next Christmas, Alan Greenspan at the US Fed has been making noises that rates will start to rise there also but the Presidential election next November is probably proving to be an inhibiting influence. There have been job losses both in the UK to India and in the US to China (2 million+) and that is again causing economic consternation. The prognosis is not positive and virtually all analysts see rates higher next year. All that has been compounded by a very weak US dollar, which over the last year has fallen by 15% against Sterling and 17% against the Euro, ergo good for US exports but bad for importers! There now appears to be some official support for the Dollar, so expect to see speculators on the horizon. Who would have believed that Parmalat would have debts of about 10 billion pounds or 18 billion USD or 14 billion Euros!! Shell proved that even the best-respected companies could sometimes drop the ball, when they announced that about 4 billion barrels of oil that they thought was there, was not. (Oops!) I am no harbinger of doom, far from it but in recent years we have had Enron, WorldCom, Parmalat as the big ones, is there anyone out there going to tell us that we have seen the last of mighty that have fallen? As the financial authorities around the world tighten up auditory controls, it is not outwith the bounds of possibility to see more organisations with problems - or worse! The main thrust since the Christmas break has been the fantastic 2002 Burgundies, with most merchants getting the wines sold at a very rapid pace. This vintage is truly one to have in ones cellar, if you don't you will regret it as the top wines will always be very desirable. At the non-investment there are terrific wines still available, but only take advice from a specialist rather than someone who wants to sell a box of wine! Some names to lookout for are Drouhin, Bruno Clair, Drouhin Laroze, Grivot, Colin Deleger, Michel Lafarge, Didier Darviot-Perrin and Sauzet. They all made fabulous wine in 2002 and even at the villages' level, 200-250GBP will buy a gorgeous wine to be enjoyed in 3-5 years and remembered for so much longer. Buy, as much as you can afford, you will never regret it. Latour 2002 is still at a heady price of 1350GBP, the market is being drip-fed the wine so the price remains high, time will tell if it is worth a premium of about 50% over Lafite. Château Léoville Las Cases 2001 has been released and is available at 450-475GBP, which for that quality is excellent value for the consumer; incidentally Robert Parker gave this wine a score of 92-94. Incidentally Mr Parker gave the same score for the 2002 to Château Léoville Poyferré, which is available at 200GBP, surely a bargain! Lynch Bages 2000 remains a strong seller even at 640GBP, as does the Hosanna 2000 at up to 1000GBP. The Château Beaucastel 2000 and 2001 are still relatively well priced; the former was given a boost when Robert Parker gave it a score of 97/100 at a dinner last year. These wines are truly fabulous quality and are destined to move up in price over time. If you want to know how good these wines are, go and buy a Côtes-du-Rhône from a good producer and be prepared to be amazed. Take a tip and start with Patrick Lessec or Coudoulet de Beaucastel, the latter wine will require a little airing but you will see what I mean. Penfolds Grange 1998 continues to sell well as do most of the top Australian wines. Sales of Italian wines have been very good especially the Flaccianello della Pieve 2000 Tenuta Fontodi which is a truly terrific wine for the money. We continue to get a lot of interest in Bordeaux 2003, so please register below if you are interested as stock will not be easy to find! SELECTION Click to see our selection of over 25 wines, some as a case that you can mix yourself from a superb selection and some in case quantities. They are all virtually all great quality wines at prices well below what other retailer sell them for. The wines are made by very well respected and hugely talented producers from around the world and can be delivered to your door in just a few days, sometimes less than 24 hours! Try us, you will not be disappointed. Please
register for the 2003 Bordeaux vintage 1.
Existing clients who have supported us in the past Please
click onto the 2003 Bordeaux
page and register. There is no commitment,
and at least you then will be set for the best wines at terrific prices. Also note the new restrictions for the import of wine into the United States. We are now offering a service where you can purchase wine and cellar it in the UK free of all taxes. We will the then arrange shipping when the situation allows us to, as it invariably will. If you wish to discuss the acquisition or disposal of wine, please complete the form in the Contact section. We are available if you wish to call on the phone number listed below. Call in to our website at http://dunbarfinewine.co.uk/investment.html to see for yourself how fine wine has historically been a first-class and consistent investment, when the wine is sourced from reliable suppliers and not some of the cowboys that have given our business problems in the past.
December
2001 Newsletter - click here | |||
|
