Search found 3337 matches

by uncle tom
13:38 Wed 01 Dec 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Well. I've just spent a little time digging and may have found a roadmap. It's a Manual of Certification and Control that is bang up to date (Oct '21) and lists on its second page all current legislation, but not all of it with links. The dates on the documents go back only to 2009 which suggests th...
by uncle tom
17:15 Tue 30 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Single Quinta Vintage Port These Vintages are unique in that they are not only the product of a single harvest but also of a single quinta, or wine estate, which makes them truly exceptional. We're going round in circles here - that is neither a regulation nor unambiguous. - Where is the law that G...
by uncle tom
11:58 Tue 30 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Thousands of IVDP regulations, announcements, etc can be accessed here by someone with sufficient knowledge of Portuguese to be able to find them. It's hard enough trawling through the UK's legislative jungle without the language barrier of Portuguese. Glenn however feels certain, so perhaps he can...
by uncle tom
09:48 Tue 30 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Except that no one can find the text of this alleged exception, and we can find the text that says it isn't allowed. Where does it say it's not allowed? A Quinta name is a brand name, if it does not explicitly say on the bottle that the wine comes exclusively from that Quinta it does not appear to ...
by uncle tom
10:26 Mon 29 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

For a long time I've had an uneasy feeling that sooner or later, someone is going to radio carbon date one of these very old dated wines, and that the resultant mean age is going to fall embarrassingly short of that claimed. Some of the source stocks for these old wines were probably family soleras ...
by uncle tom
09:36 Sun 28 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Timbers shivered, parrot fed, might I venture two pieces of eight? - Where exactly are the rules on blending ports? On the matter of colheitas I was told some years ago that it is allowable to add a percentage of new wine (IIRC 10%) and I gained the impression that this is fully above board and not ...
by uncle tom
17:52 Wed 24 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

I think you're misreading it. "Or wine estate" seems to me to be explaining what a "Quinta" is. I read it as "not only the product of a single harvest but also of a single quinta, i.e., a wine estate". Possibly. As 'Quinta' translates into English as 'Thursday', the ob...
by uncle tom
15:36 Wed 24 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

and not according to current Portuguese law. In layman's terms if it says "Quinta" on the label, the wine must come from the quinta in question Aside from the fact that the southern european nations are so awash with rules and regulations that compliance is selective, and seen through the...
by uncle tom
13:15 Mon 22 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

If you want to argue about what really is or is not an SQVP that's a different discussion. But through the 1995 vintage, "Malvedos" was a second label for Graham's Ports and starting with the 1998 vintage "Quinta dos Malvedos" became an SQVP. The quinta names are brand names and...
by uncle tom
10:51 Sat 20 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

It might have been produced as an SQVP prior to 1997, but it was labelled as a secondary brand "Graham's Malvedos" until '96, and only labelled as an SQVP "Graham's Quinta dos Malvedos" from 1998 I'm not sure that change was very significant. If you ask the producers whether an ...
by uncle tom
03:09 Sat 20 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Graham's Malvedos was a second label Port for decades. It didn't become a single-quinta Port until, IIRC, 1998 or 1999.
Malvedos has been regularly bottled as an SQVP since 1950, but is not often seen prior to '61
by uncle tom
00:44 Fri 19 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

My conclusion is that producers should be charging more for their LBV. If it contains as much VP-quality juice as you seem to be implying, then its price should be higher to make that point. They should be charging more, but as the market for LBV is currently glutted, the supply side of LBV needs t...
by uncle tom
17:09 Thu 18 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

That is a lot of juice diverted back to VP and surely not all of it is of top class VP quality And the producers know what will make the grade, and what won't. I personally think too much good juice is being sold too cheaply as LBV, and worse, a lot of fine juice that deserves to be bottle aged, is...
by uncle tom
15:15 Thu 18 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

the average profit margin on a bottle of VP is, say, 3 times that of the average bottle of Port If you set aside the sunk costs of each declaration in terms of time spent blending, gaining IVDP approval, artwork, presentations to the media etc. etc. - the profitability of VP compared to other class...
by uncle tom
19:23 Sat 13 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

the notion of halving the price from around £50 to £25 is just ridiculous It's only ridiculous if you try to benchmark from totally different products with different market dynamics, and fail to consider whether the current marketing strategy for vintage port is working or not. The producers were a...
by uncle tom
10:00 Thu 11 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

If volumes were trebled the producers would go back to having the majority of the vintage being stored in Gaia rather than sold I disagree. In all classes of wine, increasing price has a huge depressant effect on sales volume. Conversely there is good reason to expect a tripled volume at half price...
by uncle tom
18:48 Wed 10 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

I don't believe you could triple the VP production and maintain quality across the board. Given the volumes of past classic declarations compared to current ones, it's clear that a lot of top juice is getting consigned to lesser products. In theory, I agree, in practice, I think it's a modest consi...
by uncle tom
17:42 Wed 10 Nov 2021
Forum: Port Conversations
Topic: Is the secondary market price for Port changing?
Replies: 118
Views: 2509

Re: Is the secondary market price for Port changing?

Does anyone have a feel for how prices are doing for vintages such as 2007, 2009 and 2011? Are we seeing things change? Prices used to dip sharply when the vintages first came onto the secondary market, now they tend to dip a little and stall, but still fail to keep pace with inflation. 2007/09/11 ...
by uncle tom
11:35 Wed 03 Nov 2021
Forum: Port Conversations
Topic: Cellar diary
Replies: 68
Views: 7284

Re: Cellar diary

Ok, I've got to ask, if you don't mind me asking: What's the machine below the cupboard that looks like a lathe without a bed?
It's a 1930's Colchester lathe, slightly stripped down, but I still have all the bits - the bed is still there but is now the base of my work bench.
by uncle tom
08:50 Wed 03 Nov 2021
Forum: Port Conversations
Topic: Cellar diary
Replies: 68
Views: 7284

Re: Cellar diary

From time to time, email somebody both spreadsheets
Yes having a distant copy stored is a good idea - no-one knows what will happen if we get a repeat of the 1859 solar storm - an awful lot of data could get fried..
by uncle tom
23:06 Tue 02 Nov 2021
Forum: Port Conversations
Topic: Cellar diary
Replies: 68
Views: 7284

Re: Cellar diary

November 2nd I keep most of my cellar data on two Excel spreadsheets. One has formatted basic data on every stash and a variety of analytical tools, occupying 5Mb. The second is a wholly unformatted data sheet that carries all my notes and details of every bottle. It is normally hidden and not edite...
by uncle tom
13:16 Sat 30 Oct 2021
Forum: Port Conversations
Topic: Croft 1963 - advice sought
Replies: 23
Views: 1461

Re: Croft 1963 - advice sought

What to invest in next? In the present market, vintage port tends to go nowhere in price for about two decades after vintage but then starts to climb in price. The best vintages to buy at the moment are therefore '97/'00/'03. Buy mainly at auction rather than from wine merchants - while some mercha...
by uncle tom
04:30 Sat 30 Oct 2021
Forum: Port Conversations
Topic: Alcohol Duty and The Budget
Replies: 8
Views: 658

Re: Alcohol Duty and The Budget

There is quite a long lead time for producers in terms of price marked packaging and so on.
The reduced duty announced for product packed in units of 40L or more could be implemented overnight..
by uncle tom
21:59 Fri 29 Oct 2021
Forum: Port Conversations
Topic: Alcohol Duty and The Budget
Replies: 8
Views: 658

Re: Alcohol Duty and The Budget

But why wait until '23 - what's wrong with '22..?