December 2009

Too close for comfort? Great Wall maker COFCO takes over Chinese edition of Food & Wine

December 17, 2009 // 1 Comment

COFCO – owner of top-four Chinese winery Great Wall and a major player in boutique operation Chateau Junding – will take over the Chinese edition of Food & Wine, starting with the January edition. According to sources inside and outside Food & Wine, COFCO owns the magazine license for Food & Wine and had been leasing it to the Trends Group. A source at the magazine said the entire management team will shift under COFCO. No doubt concerns will be raised in coming weeks and months as to what it means that one of the biggest wine-makers in China owns […]

Got any loose change? Sotheby’s Hong Kong wine auction in January

December 15, 2009 // 0 Comments

By Jim Boyce The Lafitte-Petrus gravy train looks like it will continue at full speed next year when Sotheby’s holds its first Hong Kong wine auction of 2010 on January 23 at the Mandarin Oriental. The auction, the fourth featuring “The Classic Cellar from A Great American Collector“, is, according to the auction house’s press release, “the most valuable wine collection ever offered at auction by Sotheby’s”. It will include 840 lots and the expected take is RMB25-36 million (HKD28.5-40.8 million / USD3.6-5.2 million). Last year, Sotheby’s held wine auctions in April and October 2009, with a total take of  […]

Wining it up in Beijing: Italian wine dinner at Palette; Spanish wine and tapas party at Mosaic

December 10, 2009 // 0 Comments

Just in case you were looking to drink some wine tonight… Palette Vino, hutong edition, will hold an Italian wine dinner that pairs Pinot Grigio, Chardonnay, a Sangiovese-Merlot blend and more with foods such as pan-seared scallops, osso buca, and beef tenderloin. The reception is at 7:15 PM, the dinner at 8 PM (RMB368). Call 6405-4855 to RSVP. Meanwhile, MPC wines is teaming up with Mosaico for a wine, beer, and tapas party from 7 PM to 10 PM. For RMB60, you get one drink and five tapas, with additional beverages available at a discount. Three wines, including a Cava, […]

Suntory Group buys majority share in ASC Fine Wines

December 9, 2009 // 0 Comments

Months of rumors proved to be true as ASC Fine Wines announced today that, subject to approval by China’s anti-monopoly bureau, the Suntory Group will acquire a majority share of the company by purchasing the shares of Wine Holdings Gmbh – an Austrian holding company owned by Langes-Swarovski. ASC co-founder and CEO Don St. Pierre Jr will retain a share and his title. According to a press release, his father, Don St. Pierre Sr, “will officially retire from ASC at the close of this transaction.” The press release states: Suntory is one of Asia ’s largest private companies and one […]

First Spectrum wine auction in Hong Kong raises RMB24 million

December 2, 2009 // 1 Comment

– By Jim Boyce Spectrum announced that its first Hong Kong wine auction – held simultaneously at Crown Wine Cellars in Hong Kong and the St. Regis Monarch Beach in California late last month – sold all 686 lots and raised HKD26.8 million (RMB24 million / USD3.5 million). According to a press release, Burgundy and Bordeaux dominated, with a case of 1962 Romanée-Conti selling for USD109,940 (RMB750,890). A magnum of 1998 Screaming Eagle Cabernet Sauvignon sold for USD3,883 (RMB26,521). Curiously, a bottle of 1966 Robert Mondavi Cabernet Sauvignon, the first vintage from the vineyard, went for a mere USD200 (RMB1366) […]