October 2020 Newsletter

Hello All,

As England enters a second lockdown, and with similar measures in Scotland, Wales and Northern Ireland impacting on everyone’s plans for the months ahead, it is clearly a challenging period for our economy. In the midst of everything that is happening, we are still finding reasons to be cheerful! Over the last week here at the office, we have been fixated on the outcome of the 2020 election, as we are sure you have all been. After days of tension and uncertainty, on Saturday we received confirmation that we now have a new US president, Joe Biden. So how has the election affected the wine investment industry? And how is it going to change it moving forward?

Impact of the US Election on Bordeaux and Burgundy

It is likely that Biden’s government will overturn the tariffs imposed by Trump on European trade; he has been highly critical of Trump’s tariffs, particularly on China, and their impact on the US economy. Fine wine buyers in the US are likely to be keen to return to the market, and will look to purchase wines from Bordeaux and Burgundy minus the 25% tariffs. European leaders are hopeful that Biden will be more flexible in future trade discussions than Trump has been. There is already some evidence that demand for Bordeaux and Burgundy is growing in Asia as countries that were impacted early by COVID move on from the impact of the virus.

A strong start to Sotheby’s autumn auction season

Two private cellars went up for auction at Sotheby’s in Hong Kong in early October, selling in their entirety and fetching a superb HK$72.8million (US$9.4m). Included was an extremely rare 12-bottle case of 1990 Romanée-Conti. Sotheby’s Regional Head, Adam Bilbey, remarked that collectors in Asia were ‘showing no sign of slowing down in their pursuit of the finest wines with exceptional provenance.’ Read the full article here.

Our October tasting

Following the success of our first monthly Zoom tasting, we continued in October with another fantastic (and great value) wine. This time we opted for Chateau Haut Langlade 2016, a wine from the Montagne-St-Emilion region of Bordeaux. You can find tremendous value in some of these ‘satellite’ regions of Bordeaux; if you choose carefully, you can end up with a wine with all the character and elegance of a classic St-Emilion but without the hefty price tag to accompany it. Our fellow tasters seemed to enjoy the wine, a brooding Merlot-based blend with lots of intense, rich dark fruit flavours, and some earthy, floral notes and soft tannins.

If you would like to join us for our next tasting, please contact us for more details.

Now THAT’S how you invest in whisky…

Having recently moved into the whisky market ourselves, we absolutely loved this story about Matthew Robson from Taunton whose father bought him a bottle of 18 year old Macallan for his birthday every year. Mr Robson senior spent approximately £5000 on the whisky collection, and his ‘perfect set’ sold at auction recently for £44,000, providing the young Mr Robson with a deposit on his first home. Watch the BBC video containing his story here.

The next time we reach out to you, Christmas will almost be upon us and we may or may not be emerging from lockdown. In the meantime, stay healthy and safe, and please feel free to get in touch if you wish to discuss your portfolio.

Kind Regards,

The Elite Wine & Whisky Team

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

August newsletter

Hello all, We hope you’ve had a glorious summer so far and despite the bad weather, been able to make the most of it! It’s been

Read More »

Speyside Single Malt Scotch Whisky

Speyside Single Malts are single malt Scotch whiskies, distilled in the area known as Speyside. Speyside is a sub-region of the Highlands located in Morayshire within the Highlands of Scotland.

Read More »

February 2021 Newsletter

Hello All, We hope 2021 finds you well, in spite of the continuing challenge of the global pandemic, January’s somewhat disagreeable weather, and of course,

Read More »

Whisky Perfection

On Monday 22nd February 2021 Whisky Auctioneer made whisky history as the final hammer came in over the auction of a ‘Perfect Collection’. What was

Read More »

October 2020 Newsletter

Hello All, As England enters a second lockdown, and with similar measures in Scotland, Wales and Northern Ireland impacting on everyone’s plans for the months

Read More »

September 2020 Newsletter

Hello All, We have now reached Autumn, and while we’re looking ahead to possibly the strangest winter ever, nonetheless September still means that the nights

Read More »

July 2020 Newsletter

Hello All, We hope this newsletter finds you well as the country emerges from lockdown. Despite some challenges we have faced this year, here at

Read More »

May 2020 Newsletter

Hello All, I hope you are well and finding plenty to keep you occupied during the lockdown. We remain in ‘business as usual’ mode during

Read More »

April 2020 Newsletter

I hope this newsletter finds you and your loved ones safely during these challenging times. It’s hard to imagine that only a few short weeks

Read More »
    Your Cart
    Your cart is empty