Expert Opinion: “Chinese buyers pay top prices for premium wines and ignore all the rest ” (July 13, 2010)

Clark Wine Center is pleased to relay interesting news and articles about wine to you on this web site.  We hope that this will enhance your wine shopping experience when you visit this wine shop in Pampanga Clark Freeport Zone.

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.”

Clark Wine Center was built in 2003 by Hong Kong-based Yats International Leisure Philippines to become the largest wine shop in Philippines supplying Asia’s wine lovers with fine vintage wines at attractive prices.  Today, this wine shop in Clark Philippines offers over 2000 selections of fine wines from all major wine regions in the world.  As a leading wine supplier in Philippines, Pampanga’s Clark Wine Center offers an incomparable breadth of vintages, wines from back vintages spanning over 50 years.  Clark Wine Center is located in Pampanga Clark Freeport Zone adjacent to Angeles City, just 25 minutes from Subic and 45 minutes from Manila.

Wines from Burgundy, Bordeaux, Rhone, Loire, Spain, Portugal, Germany, Austria, Alsace, USA, Australia, New Zealand, Italy, South Africa, Chile and Argentina etc. are well represented in this Clark Wine Shop.

For more information, email Wine@Yats-International.com or visit http://www.ClarkWineCenter.com

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.