Exclusive news and research on the wine, spirits and beer business

News Briefs for May 30, 2013

May 30, 2013

•Moët Hennessy has launched a limited edition Ardbeg expression coinciding with the single malt Scotch brand’s annual Ardbeg Day celebrations. The new release, Ardbog, is matured in ex-Manzanilla casks and is bottled at 52.1% abv. and will retail at around $99 a 750-ml. Out of 2,500 cases produced, 1,000 will come to the U.S. In support of the launch, Ardbeg has renamed its 2013 Ardbeg Day event Ardbog Day, and will host a series of promotions, tastings and parties throughout the U.S., from May 28 through June 1. Ardbeg Day is held on the final day of Islay’s annual Festival of Malt and Music, when the Ardbeg distillery is opened to the public. The Scotch brand first launched worldwide celebrations of the event in 2012, alongside its debut limited edition Ardbeg Day offering, Ardbeg Galileo.

•Bottled Asset Fund, a New York-based investment fund specializing in Italian wines, has purchased a 7,000-bottle collection of historic vintages of one of Italy’s most iconic wines—Biondi-Santi’s Brunello di Montalcino Tenuta Greppo Riserva, reports Wine Spectator. The vintages range from 1975 to 1945, including the legendary 1955 and 1964. Sergio Esposito, codirector of Bottled Asset Fund (BAF), purchased the collection for $5 million from Biondi-Santi SPA, a distribution company that was formed in 1988 to distribute the wines of Biondi-Santi, but is no longer connected to the Montalcino producer.

•Wine auctioneer Christie’s has withdrawn a magnum of rare Burgundy from its auction scheduled for Friday, May 31, after doubts were raised about its authenticity, first by collectors and then by the winery that ostensibly produced it, Domaine de la Romanée-Conti (DRC). It’s the latest evidence that collectors are self-policing auctions after years of reports of fakes—and it raises the question of whether auction houses are sufficiently investigating wines’ provenance. For a full report in Wine Spectator, click here.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : ,

GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.

Previous :  Next :