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Articles Tagged wine news

Not Seeing Bottom Line Impact From Wine Social Media Efforts? Then You’re Using It Incorrectly!

Vinted on July 11, 2014 binned in commentary, wine news

Disappointed that your wine sales aren’t seeing an impact from your social media efforts?

Then this study of the social media impacts experienced by nearly 400 U.S. wineries strongly suggests that you are approaching social media incorrectly. Which will come as a surprise to exactly.no-one who reads this big regularly.

http://www.winebusiness.com/news/?go=getArticle&dataid=135492

A quick quote:

“The results show that 87% of wineries in the sample report a perceived increase in wine sales due to social media practices.”

That’s it, we’re done here, the end. Seriously, go read the summary, and then if you decide that you’d rather not increase sales, don’t bitch and moan if your winery or band tanks eventually.

The debate on this topic is over. If you still think social media has no/little place in wine, then in the words of Obi-wan Kenobi, “you are lost!” If that remains your stance, I cannot help you; go back to sticking your head in the sand in your flat, 3,000-year-old earth where humans didn’t evolve from primates and the climate isn’t warming.

Cheers!

Investing In Fine Wine Is (Still) For Fools

Vinted on June 19, 2014 binned in commentary, wine news

We have (rather strong) anecdotal evidence that purchasing fine wines as investment vehicles is, for most people, an absurdly bad idea.

Those examples, as strong as they are, could be criticized as falling under the “fallacy of small numbers” category, however, which might lead the hopelessly duped eternal optimists out there to conclude that in their cases, investing in fine wine for profit will somehow be different.

A recent article in the Wall Street Journal, however, should dispel that myth for all but the most hopelessly duped. The bottom line is that the WSJ dug into what might be the most comprehensive scientific study yet performed on the returns of the fine wine investment market, going back over historical selling prices of the last one hundred years or so, and its conclusions are sobering (see what I did there?):

“After mining historical price data for top clarets going back to 1899, including the prices fetched in auctions before World War I, the researchers calculated that over the entire period, the prices of these wines beat inflation by an average of 5.3 percentage points a year.”

While that might sound encouraging, it’s not. Any such returns and performance have to be adjusted for expenses in order to show the actual rate of return. When that was done, the results looked a lot less profitable, particularly when compared to good old fashioned, boring stock index funds…

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Why Rare Wine Collecting Is Kind Of Like Having Sex With Animals (Thoughts On The Rudy Kurniawan Fraud Trial)

Vinted on January 7, 2014 binned in commentary, wine news

By now, you’ll probably have heard that alleged fine wine counterfeiter Rudy Kurniawan has been found guilty of fraud in court (well, he was found guilty of wine fraud during trial in court, not found guilty within a court, although technically actually he was found guilty within a court room… oh, forget it).

You’ll also, no doubt, be nursing a raging New Year’s Eve hangover. So I’ll try to make this pithy since most likely I will also be nursing some manner of raging NYE hangover.

In the event that you’re a self-professed wine geek who hasn’t yet gotten up to speed on the whole Kurniawan Kerfuffle, I recommend taking a quick diversion over to the fine summary of Kurniawan’s alleged fraudulent activities at NPR, so that you can do a rapid catch-up.

All set? Good. Now I can explain why Kurniawan’s guilty verdict means almost nothing whatsoever to the fine wine market, and why I think it will almost certainly not even make a dent in the purchases of fraudulent wine worldwide.

But, in order to do that, I first need to explain why the collecting of rare fine wines is like having sex with animals

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Did We Just Win A Battle In “The War Over Wine?”

Vinted on October 15, 2013 binned in about 1winedude blog, commentary, wine news

This is the kind of thing that probably gives major wine critics apoplexy.

James Conaway, the talented writer and author of the excellent novel-with-a-wine-soaked-plot Nose, recently penned an article for Worth titled The War Over Wine. It’s cogent, well-conceived, deftly written and fiercely opinionated. In other words, it’s the kind of writing that fills borderline-hacks like me with a burning jealous rage hot enough to turn our faces the shade of a slightly aged Moulin-a-Vent.

Now, normally I don’t pat attention to Worth, mostly because I do not need reading material to fill my time below deck while my yacht is piloted to my own private dessert (whoops!) desert island. Just perusing the Worth.com website is like stumbling upon the remains of some lost civilization that used the same words we do to communicate, but put them in sequences that no longer have any meaning for us. It’s how Shakespeare appears to the high school student, or how Wine & Spirits appears to mortal wine drinkers, or how Umberto Eco appears to everyone who can read.

Seriously, topics can be found there such as Mutual Fund Strategies in the Aftermath of the 2008 Financial Crisis, the ever-popular Where Is the Best Opportunity in the High-End Luxury Space?, and my personal favorite, 10 Questions for Your Chief Innovation Officer (‘cuz I only had eight questions for mine, so I am clearly a 99-percenter slacker!)

Anyway… Conaway’s piece seems somewhat out of place in Worth in that context, but it’s the kind of article that makes me want to take up arms and shout from the rooftops, in the hope that it’s less a tempest-in-a-teapot and more a topical-sh*tstorm-about-to-explode (as The Tick might have shouted, “from the mighty butt checks of wine media justice!”)…

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