The Winery Borkatedrális of Villány of Dél-Pannónia

The region’s trade share slumped to an historic low of 37.7% in 2021 after failing to keep pace with the broader market. It was the first time Bordeaux’s market share had ever fallen below 40%. At the time of writing, it has slipped to 32%, according to Liv-ex. The company divides its main index into a series of sub-indices. Over the past year, the Bordeaux sub-index increased by a modest 11.5%, compared to 43.8% for Burgundy and 51.2% for Champagne. The main challenger to Bordeaux’s throne is B ...

Inflation and higher costs have led to questions in the UK and US in recent weeks about how much the trade can absorb before wine prices increase. Despite a recent freeze on duty tax, the UK Wine & Spirit Trade Association (WSTA) has said it is concerned wine prices may rise in 2022 due to myriad factors, including higher costs, inflation and supply chain issues. The trade body sent a letter to government signed by 49 UK wine and spirits businesses last month, warning that ‘rising cost ...

Penfolds has announced it is to launch its second rare wine NFT with direct-to-consumer wines and spirits NFT platform BlockBar. The second rare release will comprise limited edition NFTs tied to 300 bottles of Penfolds Magill Cellar 3 Cabernet Shiraz from the 2018 vintage. Crafted under the watchful eye of chief winemaker Peter Gago, recipient of the Decanter Hall of Fame award last year, the wines will not be available from retail, nor Penfolds Cellar Doors. The release coincides with BlockBar ...