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Tuesday, March 31, 2009

Wine investment is not at the top of investors' minds. For some investors, it may be at the back of their minds to keep a few bottles in case the prices appreciate, but no one is explicitly buying wines as an investment.

It's very much by chance to those who discover that their wine collection is worth a lot more over time. The lack of interest in wines as an investment could be due to the fact that investors are still at the appreciation stage and don't view wines as a commodity.

Those who are looking to invest seriously in wine face several issues. The main obstacle is the lack of a marketplace for selling wines. Serious wine investors will have to look to establish markets for fine wines, where they're able to liquidate their stocks and get good prices. For instance, London is traditionally a strong trading market for fine wines where investors can sell to established wine merchants or consign their collections to auction houses like Christie's and Sotheby's, which regularly hold fine wine auctions.

Storage or rather, concerns about bad storage and freight, is also another obstacle that wine investors in this part of the world face.

It's advisable for those interested in wines as an investment to consider 'en primeur' or futures, particularly of blue-chip wines like Bordeaux First Growths. If you want to reap the best benefits, you have to buy 'en primeur'.

However, with futures, it's crucial to get the vintage right. With a good vintage, the prices can appreciate by as much as 50% by the time the wine hits the market 18 months from the sale of its futures.

The key to buying wine futures, however, is that one needs to be an established buyer to actually catch them at the best prices. The current market for wines is not as vibrant as in its heyday in the 1980s, when the 1982 Bordeaux vintage was released into the market and American collectors were eagerly buying it up and also during the year 2000 millennium craze. The market today has softened. The collector's bubble has somewhat burst since the US economic slowdown.

Ninety percent of wines bought for investment would be Bordeaux, which today has become a commodity. First Growth Bordeaux would be most in demand but the supply is not exactly small. On average, most First Growth chateaux produce between 200,000 and 400,000 cases a year.

By and large, however, people still stick to blue chips. Thus, it's advisable for budding wine investors to go for well established First Growth Super Chateaux, if they want to play it safe.

Buy a top vintage at a high price and hope to sell at an even higher price. Then, it's a matter of how much it will rise and what your holding power is. You can also consider taking a punt on top-ranked small production Chateaux like Le Pin, which produces only 500 cases a year. At the end of the day, few in this part of the world take wine investing seriously.

By Michael Russell

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Tuesday, December 16, 2008

When you go to buy wine, deciding which bottle to purchase can be a daunting task. This is particularly true if you aren't familiar with wine, or don't have much experience with the beverage.

If this describes you, the best thing you can do is take a cue from the experts. They've done all of the research for you, and you can leech off of their knowledge. The most efficient way to do this is to look at the ratings scale.

Wine enthusiasts and experts generally use a scale that ranges from 65-100. Broken down, this is how the ratings mean:

Less than 84: Not worth drinking. Giving this bottle as a gift will make you look bad.

84-86: A pretty weak wine. If it's the only thing at a party, you'll drink it, but it isn't something you'll buy on your own.

87-89: If the wine is less than $15, it's pretty good. Don't spend any more than $15 on it, though.

90-91: Overall a good experience. An enjoyable wine.

92-93: Very good. Not exceptionally good, but it's something that is definitely worth buying.

94-96: An exceptional wine. This is a wine that people will talk about a week after drinking it, and will remember fondly for months.

97-100: Incredible. One of the best experiences you have ever had, one that is truly unforgettable.

When you go to buy wine, go to the store prepared with a list of several wines and their corresponding ratings. If saving money is something that you're interested in, choose the lowest priced with the highest acceptable rating. Also, talk to the people who work at the store. They're around the stuff all day, and most times can give you some good insight as to which wines to try.


By Jennifer Waite


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Tuesday, November 18, 2008

We'll start this article by asking these two questions: "Why is wine so confusing?" and "Does selecting a wine intimidate you?" If your answer to the second question is yes, then you are not alone!

Most people have been to a liquor store or a restaurant and been absolutely overwhelmed and intimidated by the sheer variety and number of selections offered. The variety of choices among wine varieties, brands, labels, and prices seem almost infinite.

Herein lies the problem: There are just too many choices.

So what is the solution to too many choices?

Well, the answer in a few words is: Discover your own preference for wine taste.

Many people know when they like a wine. But the difficult part is understanding why. What do you like about it, and how do you describe what it is that you like about that wine? Is it light or full bodied? Is it tannic or not? What are tannins anyway? Is it fruity or sweet? Do fruity and sweet mean the same thing? And, if you try and like a Shiraz, does that mean you will like all Shiraz?

All these questions can be answered by tasting wines, and then tasting more wine! Yet tasting is not enough as you must pay attention to what you are tasting. In my opinion, it is a good idea to learn with comparative tastings. Take for example the Chardonnay grape. It is grown in Mornington Peninsula, Victoria and also in Margaret River, Western Australia. Tasted side-by-side, you may first think that both Chardonnay's have little in common, yet they are both made from Chardonnay grapes.

When you taste a wine of the same variety side-by-side, you can easily begin to learn the differences between a full bodied and a light bodied wine; and a low tannin wine and a high tannin wine, etc.

Tips on how to choose a wine that is right for you

Step 1: Decide if you want a white wine or red wine
Decide whether you want a white wine, red wine, sparkling wine, dessert wine or fortified wine. This will narrow down your choices and give you some direction.

Step 2: Decide on your preferences for wine taste
Have a think about your own preferences for the taste of a wine. (Tip: Use your knowledge from your comparative wine tastings to help you.)

As a minimum, decide whether you prefer a dry or sweet wine. (Dry is the term used to describe the absence of sweetness in a wine.)

If you know your preferences for other wine characteristics, then it will also be a good idea to decide on these. If you don't know your preferences then I have included a short description here to help you in your comparative wine tastings.

1. Low Tannins vs High Tannins: Tannins are a vital ingredient in wines, especially red wines. It comes from the stalks, skins and pips of grapes. Tannins in a young wine produce a bitter, puckering taste on the palate.

2. Short Palate vs Long Palate: The "length" of a wine is the amount of time the sensations of taste and aroma persist after swallowing. Usually, the longer the better.

3. Low Acid vs High Acid: Acids of various types are present in wine, and are essential to the wine's longevity and also to your enjoyment. Too little can affect the wine's quality and too much can spoil the wine. A higher acidity makes the wine more tart and sour tasting; whereas a low acidity results in flat tasting wine that is more susceptible to spoilage.

Acidity is that quality that makes your mouth water and your lips pucker, and without it, wines (and anything for that matter!) taste pretty flat and one dimensional. However, when acidity is present in the right quantities, it is the element that makes all of the other flavours in the wine stand out, including the undertones of fruit, spice and herbs. The flavour in wine that you would describe as tangy, sharp, refreshing, bracing, bright, crisp or zingy is the acidity.

4. Light Bodied vs Full Bodied: To get a picture of the differences between a light-bodied wine and a full-bodied wine think about milk as an analogy. Light-bodied is analogous to skim milk and full-bodied wine analogous to full-cream milk, and the variations in the "body" of wne are like varying levels of fat-content in milk.

What makes it even easier, is that a wine’s body is directly proportional to its alcohol content. On every wine label you’ll notice a percentage of alcohol by volume. Note how it applies to body:

* 7.5% - 10.5% indicates light body

* 10.5% - 12.5% indicates medium body

* 12.5% and over indicates full body

5. No Oak vs Heavy Oak: Wines might be stored in oak barrels, usually to impart extra and more complex flavours. French, American and German oak barrels are widely used in Australia. Oaky describes the aroma or taste quality imparted to a wine by the oak barrels in which it was aged. The terms toasty, vanilla, dill, cedary and smoky indicate the desirable qualities of oak; charred, burnt, green cedar, lumber and plywood describe its unpleasant side.

Step 3: Buy wine that is well looked after, like at the cellar door
It is important to purchase wine from liquor outlets that take proper care of their wine, e.g. buying direct from the winery's cellar door is a good option. Extreme heat or cold, direct sunlight, and dramatic temperature fluctuations are not good for wine. Also, before you buy, make sure the wine is filled up to the neck of the bottle, the cork is not pushing out of the bottle, and there are no signs of leakage.

Step 4: Enjoy exploring the variety and diversity of Australian wine
There are lots of good reasons to explore all of the wines that Australia has to offer in all its diversity. Don't just stick to the well-known varieties like Chardonnay or Shiraz - experiment with other whites like Sauvignon Blanc, Riesling and Gewurztraminer or reds like Zinfandel, and Pinot Noir. Also, try examples of a particular variety from different wine regions to understand how regional conditions affect the wine's character. Expose yourself to every type of wine. The more you taste the more you will understand and the easier wine selection will become.

Step 5: Buy by the case
When you find a wine you really like, consider buying wine by the case (12 bottles). Most wineries will offer you a 10% or 15% wine discount when you purchase a case of wine or more.

Step 6: Only rely on your own taste buds
The ultimate goal of wine buying is to buy wines that taste good to you. Just because a merchant, friend or wine writer says a wine is good doesn't mean you'll like it. Conversely, don't shy away from a wine because someone else says that it is no good. The only judge of good taste in wine is you.



By Jodie Smith


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Friday, October 31, 2008

Coming upon the long wall of wines at your local grocery store can be an intimidating experience. With so many different choices within so many different wine categories, how can you possibly choose the perfect wine to serve with your meal? Perhaps more importantly, without knowing what all these wine terms mean, how do you choose a wine that you and possibly others will enjoy? To be quite frank, unless you sit down with every bottle and taste it with the meal (not recommended), you will never know exactly what wines will go perfectly with that meal. Wine and food pairing is not a perfect science that you can learn. Instead, Recipe4Living would like to offer some general guidelines for success in pairing wine with food and several do's and don't for the beginner's enjoyment of wine. This article will outline the most popular wine varieties and how they differ. In no time, you'll feel comfortable schmoozing with the biggest wine snobs.

Enjoying Wine
* Let go of your wine assumptions, especially the belief that wine is expensive. You can easily get a great bottle of wine for under $10. As with cooking, the key to good wine is all about balance and not necessarily the rarest grapes. * Have fun! Experiment! Enjoying wine is about what you like, not about what you are supposed to like according to the experts. When you find a wine you really like, simply note the winery and the variety. As you gain more experience with wine, you can include descriptions of different elements in the wine. Better yet, act the sophisticate and host wine tasting parties with friends and discuss different wines. * Look for the increasingly popular screw-cap, as opposed to the cork. The problem with natural corks is that a moldy spoilage can occur in the wine (in 3-5% of natural corked bottles!) because of a reaction that sometimes occurs in the cork. Synthetic corks have attempted to solve this problem, but they are much harder to remove and cannot be used to re-seal the bottles. Old habits die hard, but more and more wineries are switching to the screw-cap. * Certain wines are better at certain temperatures. For example, a freezing cold Chardonnay will lose much of its taste. Keep these guidelines in mind: - Whites should be served cold between 43°F and 53°F. This can be done by chilling the bottle in ice for an hour before serving. You do not want to keep a glass of white wine in the refrigerator for long periods of time. - Sparkling wines and champagnes should be served cooler, around 45°F. - Although room temperature is ok, red wines should really be served between 55°F and 65°F, or cellar temperature. * Despite its reputation for pretension, invest in some quality stemware if you want to truly enjoy wine. The right glass will truly enhance the flavor of the wine and your appreciation of it. Wine glasses need to have a large cup or "bowl" to allow the wine to breathe, because the interaction with the air releases all the wines aromas and flavors.
Removing Red Wine Stains- Truly essential information in the enjoyment of wine.
* White wine- Ironically the best stain-fighter for red wine, white wine will neutralize the wine and make it easier to remove. Simply pour some on the stain and blot gently with a rag. Don't rub or you will force the stain deeper into the clothing or carpet fibers. After blotting up most of the wine, simply clean with your favorite carpet cleaner or stain-fighter as normal. * Club Soda- The carbonation in club soda helps to lift the wine from the fibers. * Salt- Salt acts as a buffer to keep the stain from setting while you look for other cleaning options.

White Wines


Chardonnay- A very drinkable white wine differentiated from other varieties by a special aging and fermentation process in oak barrels. The special oak barrels give the wine its unique aromas ranging from nutty to creamy. This wine can include tastes of vanilla, pear, lemon, pineapple, peach and more. Chardonnay is usually regarded as the white table wine. Muscat/Moscato- This low-alcohol wine has an intensely perfumed aroma and a distinctive musky taste, and is often used as a dessert wine. The aroma of the wine can include gardenia and honey and the taste includes elements of citrus and tropical fruits. Pinot Grigio- More colorful than other white wines, Pinot Grigio is soft and delicately perfumed. The acidity of the wine gives it a nice crispness. The wine's elements can include flowers, subtle spices, pear, and citrus. Riesling- This lower-alcohol wine comes from the most famous of German grapes and is characterized by a unique fruit and acid balance. Unlike many other wines, Riesling is rarely prepared in oak barrels, making it more adaptable to many types of food, including hot and spicy choices. Riesling is usually a dry wine, with sweet elements of peach and honeysuckle. Sauvignon Blanc- One of the most aromatic wines with fragrances of grass and citrus, Sauvignon Blanc is spicier than the Chardonnay varieties. The taste can have hints of melon, gooseberry, and black currant. New Zealand produces some of the finest Sauvignon Blanc. Red Wines


Barberra- This deep red wine comes most successfully from the Piedmont of Italy, and is heavily planted in the Central Valley of California because of its ability to withstand high temperatures. A full body, luscious berry flavors and crispness from the high acidity characterize this wine. Cabernet Sauvignon- These full bodied, intensely flavored red wines tend to improve with aging, often spending 15 to 30 months aging in oak barrels. Such aging gives the wine toasted vanilla and cedar tastes, while the wine also features plum, black cherry, and spice elements. Now the most widely planted grape in the world, the Cabernet Sauvignon grape actually come from a cross between two French varieties: Cabernet Franc and Sauvignon Blanc. Merlot- A softer and much less intense red wine than cabernet that is ready to drink sooner. The dry smoothness of the wine makes it a popular choice in restaurants. Merlot is often mixed with cabernet to soften its acidity. Descriptions of the wine's tastes include many of the same as cabernet and green olive, herbs, and chocolate. The Merlot grape responds well to cooler climates making it very versatile. Pinot Noir- Widely regarded as the most difficult grape to grow, this delicate wine is logically one of the most sought after varieties of wine, originating in the Burgundy region of France. This elegant wine can include elements of raisin, black cherry, and strawberry. Sangiovese- This dry red wine is characterized by a smooth texture, medium-bodied spice flavors, and an earthy aroma. Made from a grape native to Northern Italy, Sangiovese is often used for Italian Chianti wines. Syrah- This flavorful wine originates in the Rhone region in France and has many raspberry, pepper and spice aromas and flavors. In addition to France, the grape for Syrah is now also very successful in Australia. Zinfandel- Although much of Zinfandel is turned into a sweet blush wine called White Zinfandel, Zinfandel is a red wine made from the most popularly grown grape in California. The hearty grape is very adaptable to a producer's manipulation, making it very versatile. Zinfandel is very fruity, with raspberry, cherry, and plum tastes. Blush Wines- Blush wines or rosé wine, which have a lighter pink color, are made by removing the skins of red grapes early in the fermentation process. This technique also lightens the flavor of the red grapes, creating a more delicate wine. White Zinfandel is actually produced as the product of "bleeding" regular Zinfandel, or removing some of the juice to heighten certain flavors and color in the wine. The juice is then fermented separately. Sparking Wine & Champagne- Carbon dioxide resulting from natural fermentation of the grapes makes these wines bubbly. Although often used interchangeable, laws in many countries dictate that champagne can only refer to wine produce in the Champagne region of France. The major varietals used to make French champagne include Chardonnay and Pinot Noir. American producers of sparkling wine use the same nomenclature as European producers. Ironically, on a scale from driest to sweetest, sparking wine or champagne is labeled thus:

Natural (Brut Nature)- Driest

Brut

Extra Dry

Dry (Sec)

Semi-Dry (Demi-Sec)

Sweet (Doux)

Wine and Food Pairings- Traditional wisdom on pairing wine with food dictates that white wine pairs well with white meats and red wine with red meats. In recent years, more creative sommeliers (the person in charge of wines at a restaurant) have shown that this rule is not always necessary or even correct. The sauce and the preparation of the food are most important to wine pairing, and many different wines may work well with a certain dish. In general though, the best rule of thumb is to try and match more delicate flavors with lighter wine like Riesling or Sauvignon Blanc, hearty cream flavors with medium bodied wines like Chardonnay and Merlot, and thicker meaty or spicy flavors with fuller wines like Syrah. When reading through these suggestions of wine and food pairings, keep in mind that there are no set rules.


Zinfandel- roast beefs

Syrah- beef stews, barbecue

Cabernet Sauvignon- steak

Cheese

Riesling- most cheeses

Sauvignon Blanc- earthier cheeses

Chocolate

Cabernet Sauvignon- dark chocolate

Dessert

Muscat/Moscato- sweeter desserts

Riesling- most desserts

Fish and Seafood

Pinot Grigio

Sauvignon Blanc

Chardonnay- Richer seafood dishes and most shellfish

Lamb

Cabernet Sauvignon- roast lamb

Syrah- stews

Pinot Noir- chops

Pasta

Sangiovese- great for most pasta dishes

Barberra- especially good with lasagna

Pizza

Barberra- most tomato sauces

Syrah- spiced meats and sausages on pizza

Poultry

Chardonnay- grilled chicken and cream sauce chickens

Pinot Grigio- turkey

Merlot- grilled chicken, barbecue

Syrah- Duck or other fowl

Pork

Merlot- chops

Pinot Noir- tenderloin, sausage

Zinfandel- roast pork and garlicky dishes

Salads/Vegetables

Sauvignon Blanc

White Zinfandel

Pinot Grigio- for salads and vegetables with creamy sauces or dressings


By Caley Walsh

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