Expert Opinion: “Chinese buyers pay top prices for premium wines and ignore all the rest ”
Expert Opinion: “Chinese buyers pay top prices for premium wines and ignore all the rest ”
August 31, 2011
The Chinese market for first growth Bordeaux 2009 wine has not turned out as the wine industry expected, according to two major British wine buyers at the very moment when they are announcing record figures for the vintage. Farr Vintners and Bordeaux Index confirm that their wine sales have exploded this year: 30,000 cases of wine sold at an average of £1760 per case for Farr Vintners (for a total of £53m) and £16m for Bordeaux Wine Index.
However, the two wine merchants described as “anomalous” the relative absence of demand of wine from the Far East, given that Hong Kong is the second largest wine market in the world. “The widely-anticipated rush in demand of wine from the Far East has thus far failed to materialize. The wine sales of BI’s Hong Kong office accounted for no more than 10% of the overall group wine sales of this vintage “, announced Gary Boom for Bordeaux Wine Index, “the prediction – widely aired – that the Chinese would cast their nets much wider than the traditional first growths and super seconds just hasn’t happened (…) . They have bought ten properties at the most: Margaux, Mouton, Lafite, Carruades de Lafite, Cheval Blanc, Duhart Milon, Angelus, Lynch Bages. Nothing has changed. Chinese buyers are happy to pay top prices with a 15% premium for the best wines and ignore the rest. Such clients are not interested in buying lesser wines as a guarantee of allocations of the top wines”.
For Steve Browett, of Farr Vintners, it is the same story and Far East clients account for more than a third of the record value wine sales made by the house for the 2009 first growths, but a tiny proportion of volume. “Sales by value have been 60% UK, 40% Far East, but by volume it’s about 85% to 15%, as Far East customers have mainly bought only First Growths and “super-seconds”. (…) There has been virtually no interest of wine from the USA.”
Best place to buy wine in Manila, Pampanga and Subic Philippines is at this famous wine shop which specializes in offering fine vintage wines at attractive prices. Shopping in any one of the wine stores of Yats Wine Cellars is always an exciting and rewarding experience.
The wine selection of Yats Wine Cellars is revered not only for the big names, the first growths, grand cru and cult labels of Napa Valley, but really for the connoisseurs’ favorites, the old vintages of lesser known producers that are not seen in ordinary wine shops in Hong Kong or other cities in Asia. As wine lovers become more matured, their palates are less impressed by big and rich wines. They start to demand for wine that is more elegant and stylish, something that they can really enjoy not only with more delicate cuisines but even just to drink and enjoy on its own.
Discovered by wine lovers in Hong Kong as a premium wine shop to buy fine vintage wines from Bordeaux, Burgundy, Spain and Italy is specialty wine store Yats Vintage Wine Cellars. Champagne, Prosecco, Cava and Sekt sparkling wines are also very popular in the wine shops and wine stores of Yats in Quezon City, Ortigas, Eastwood, Makati, Fort, Alabang, Metro Manila, Philippines.
Wine stores of Yats Wine Cellars offer interesting gift packs for all occasions. Wine gift baskets from these wine shops have to contain something more interesting than just a colorful packaging with very mediocre content. The wine has to be a bit more than marginally drinkable. Last year many people were disappointed with the wine gifts they received when they went around to drinking the wine.
This wine shop in Manila is generally regarded as Asia’s best source of old vintage wines. Sophisticated wine drinkers, wine lovers and connoisseurs rely on this wine supplier Yats Wine Cellars for back vintages of fine wines. This famous wine shop in Pampanga carries over 3000 selections of fine wines covering 100 years and all major wine regions of the world.
Fine red wine, white wine and sparkling wines are all available in this highly recommended wine shop in Pampanga and Metro Manila.
Yats Wine Cellars Philippines
3003C East Tower, Philippines Stock Exchange Center (Tektite)
Exchange Road, Ortigas Center, Metro Manila, Philippines
(632) 637-5019 0917-520-4393 ask for Rea or Kristine
http://www.YatsWineCellars.com
For inquiries and orders, Click here to for inquiries and orders
For wine lovers in Hong Kong, Macau and China:
Yats International HK Sales Office,
Room 1302, 13/F., The Centre Mark
287-299 Queen’s Road Central Sheung Wan,
Hong Kong SAR
Tel: (852) 2788-0738 ask for Miss Eva Leung
Wine@Yats-International.com
If Philippines is part of an upcoming travel and holiday plan, wine lovers might want to visit Clark Freeport Zone just 70 minutes from Manila. This bustling new city that is slated to replace Manila as the new capital of the Philippines has the largest wine shop called Clark Wine Center. For more information, log on to
http://www.ClarkWineCenter.com
Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)
Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.
Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:
Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:
http://www.PhilippinesWeddingVenue.com
While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com
YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippineshttp://www.YatsLeisure.com
If you are traveling to Pampanga, Subic, Angeles City, Clark Freeport, Philippines, you can get assistance to hotel and resort booking by logging on to
http://www.HotelClarkPhilippines.com
http://www.ClarkPhilippines.com
Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
www.YatsRestaurant.com
Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occassion
Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.
www.HotelClarkPhilippines.com
You are welcome to post your comments and questions about any topic related to wine on http://www.YatsWineCellars.com or email Wine@Yats-International.com with your comments, suggestions, questions, purchases or inquiries on wine and wine-related topics. Don’t forget to register yourself on our mailing list to be informed of the dates and venues of the Yats Wine Experience public wine tasting events.