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Wine Industry Report Q2 2016 | DRC, Lake Louise Wine Summit, Sotheby’s, Live-Ex

Six lots of Romanee-Conti Domain were withdrawn from wine auction after American fraud expert Don Cornwell called into question their authenticity.

The Lake Louise Wine Summit was a hit and Warren Porter used the opportunity to look for Alberta collectors who we were looking to sell their vintage collections. Highlights of the summit included a white Burgundy wine tasting, 8 of Poderi Aldo Conterno’s best Barolo, 8 from Champagne Taittinger, and a vertical 8 of Opus One.

Sotheby’s auctioned off more than 20,000 bottles from the rare and vintage collection of Bill Koch. Highlights included 1945 Chateau Mouton-Rothschild, a case of Chateau Ducru-Beauclillou, 6 magnums of 1989 Henri Jayer Vosne-Romanee Dros Parantoux, a case of 1978 Domaine de la Romanee Conti Montrachet and methuselah of 1991 DRC Romanee Conti.

Live-ex members looked to predict the 2015 Bordeaux wine releases.

Warren shares his thoughts on ‘The Price of Wine’,

‘Last year in the journal of Financial Economics I came upon an interesting study about the impact of aging on prices and the long-term investment performance. E. Dimson, P.L. Rousseau, and C. Spaenjers wrote the paper as part of research for Cambridge University.

Collecting is not just a hobby and passion but also a popular investment. About one-quarter of high net worth individuals around the world own a collection, which on average represents 2% of their wealth.’

You can read the entire report published at Iron Gate Cellarage.