Re: 2016 Declarations
Posted: 21:15 Sat 12 May 2018
Graham’s website has no VPs after 2011. Other Symington brands do. Sigh. Have we a specific source for G and GST?
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At the BFT, whilst gently chastising Johnny Symington for killing off the Martinez brand, he mentioned that the Symingtons had declared nine VPs for 2016Have we a specific source for G and GST?
Quinta de Roriz was made, I just never got to taste it at the tasting unfortunately (and I neglected to list it, I will fix my post).uncle tom wrote: ↑10:32 Sun 13 May 2018At the BFT, whilst gently chastising Johnny Symington for killing off the Martinez brand, he mentioned that the Symingtons had declared nine VPs for 2016Have we a specific source for G and GST?
I worked out these must be:
Cockburn
Dow
Graham
Graham Stone Terraces
Smith Woodhouse
Vesuvio
Vesuvio Capela
Warre
And then either Roriz (not sure of it's current status..) or a Symington Family Estates wine for future supermarket 'own brand' VP
Is Roriz now a full member of the Symington stable - or just an estate they manage? Was not sure if Johnny would count it as 'one of theirs'..Quinta de Roriz was made
I think it still is a partnership with the Prats family. I recall an interview Bruno Prats did about the Estate sometime last year and I've not heard of any change since that time.
I suspect the tiny quantities are playing a part in the pricing. Launching a full declaration is an expensive business with a large fixed cost that needs to be split across fewer cases.uncle tom wrote: ↑12:38 Fri 18 May 2018 Given eurozone inflation and changes in the exchange rate (taking the change in sterling to USD to reflect a global price outlook) one might expect a release price increase for the '16s of around 15% over the 2011s.
First indications however are suggesting that release prices are being hiked by a whopping 35%
This is very disappointing - I will need to be extremely impressed to buy at that level..
It's flawed logic - trying to charge more for less diminishes profit. With wine, the relationship between market interest and price is closer to logarithmic than linear - a much higher declaration volume at a reduced price would be easier to sell and yield a greater return.Launching a full declaration is an expensive business with a large fixed cost that needs to be split across fewer cases.
I can't speak for UK pricing, but in general for the USA prices are up around 15-20%. That's not a lot when you consider, by and large, they haven't raised prices since the 2003 declaration. That's a long time without a price hike. As much as we'd all like to pay prices from 20 years ago that just isn't going to happen.DRT wrote: ↑17:53 Fri 18 May 2018I suspect the tiny quantities are playing a part in the pricing. Launching a full declaration is an expensive business with a large fixed cost that needs to be split across fewer cases.uncle tom wrote: ↑12:38 Fri 18 May 2018 Given eurozone inflation and changes in the exchange rate (taking the change in sterling to USD to reflect a global price outlook) one might expect a release price increase for the '16s of around 15% over the 2011s.
First indications however are suggesting that release prices are being hiked by a whopping 35%
This is very disappointing - I will need to be extremely impressed to buy at that level..
Even so, try buying a 1st Growth claret on release for <£50 a bottle in bond
I understand that the Vinha Velha won't be released due to too little wine.John Owlett wrote: ↑17:11 Mon 23 Apr 2018Krohn has declared to-day as well —
http://krohn.pt/our-port-wines/classic-vintage-port/
— but I can’t find a Fladgate Partnership press release, nor any news of Quinta de Vargellas Vinha Velha.
John
Rats!H_Sterling wrote: ↑07:25 Mon 21 May 2018I understand that the Vinha Velha won't be released due to too little wine.
Krohn have declared the 2016 vintage – announced on St George’s Day (23rd April ’18) as is customary. The last classic vintage released was the 2011.
Head Winemaker David Guimaraens summarised the ’16 vintage:
“Two factors stand out in 2016. Heavy rainfall in spring meant that the vines had plenty of water throughout the summer. Secondly, the ripening season started relatively late and lasted well into September. This led to very gradual and even ripening of the crop with all elements in perfect balance at the time of the harvest. Picking started later than usual on all our estates….
…Harvesting conditions at the end of September and early October were perfect, with cool nights contributing to long fermentations and gentle, complete extraction. As a result the wines are solidly structured with firm, well integrated tannins and display very fine fruit quality.”
Krohn’s Managing Director, Adrian Bridge, said: “The keynotes of 2016 are purity and refinement. The Vintage Port displays elegance and poise, a wonderful purity of fruit and tannins of great quality… The 2016s are likely to become rarities in future, particularly given the trend towards enjoying Vintage Ports young.”
The 2016 will be shipped later in the year, and available by Autumn.
Thanks Thomas - now added to the list.
Are there rules for SQVP? I thought that SQVP is not at all regulated by the law nor IVDP? Legally it is a Vintage Port, everything else is just marketing.Andy Velebil wrote: ↑11:30 Mon 16 Apr 2018 To be accurate, most VP's don't come from just one Quinta. Even "SQVP's", by law, can have a small amount from other Quinta's and still be called a SQVP.
There are regulations for them. Like everything in the Douro the regulations are far more complex than what is often told to the general public. I assume for ease of explanation and for the fact that some people can’t handle things not being black or white.JB vintage wrote:Are there rules for SQVP? I thought that SQVP is not at all regulated by the law nor IVDP? Legally it is a Vintage Port, everything else is just marketing.Andy Velebil wrote: ↑11:30 Mon 16 Apr 2018 To be accurate, most VP's don't come from just one Quinta. Even "SQVP's", by law, can have a small amount from other Quinta's and still be called a SQVP.
I agree with JB Vintage - I don't think SQVP is a defined category and the rules that apply to it are those covering Vintage Port.JB vintage wrote: ↑21:05 Fri 09 Nov 2018Are there rules for SQVP? I thought that SQVP is not at all regulated by the law nor IVDP? Legally it is a Vintage Port, everything else is just marketing.Andy Velebil wrote: ↑11:30 Mon 16 Apr 2018 To be accurate, most VP's don't come from just one Quinta. Even "SQVP's", by law, can have a small amount from other Quinta's and still be called a SQVP.