Sunday, April 17, 2011

A pretty nice weekend after a perfect storm



After the perfect storm on Friday came a pretty enjoyable weekend that ended nicely with a dinner I cooked tonight that I won't be writing much about. It had also been three days straight of good wine, and all this drinking reminded me of the wine auction organized by Salcedo Auctions last month. It was a very good venue to stock up on drinkable and collectible wines.

THE PHILIPPINES' FIRST WINE AUCTION

The Philippines is getting to have a large wine-loving community, and it's very appropriate that finally, we should also have wine auctions. Like most other types of auctions, wine auctions are great fun and they certainly make the process of buying -- and paying -- enjoyable.


Last month, Forth & Tay and Salcedo Auctions conducted the very first wine auction in the Philippines with great success. 50 of the 62 lots were sold and the auction was packed with oenophiles, observers and budding enthusiasts.

THE BEST OF THE LOT

The lots that attracted heated bidding included:

1) 6 bottles of the 99 pointer Penfolds Grange 2004 at Php 105,000

2) A rare flight of Penfolds Grange Multi Vintage 2001-05 at Php 90,000

3) A 100 pointer Château Leoville-Las Cases St. Julien 2000 at Php 27,000

4) A 2004 Castelgiocondo Brunello di Montalcino (6 bottles at Php 18,000),

5) Teaninch 23 YO Single Malt at Php 12,500 per bottle

6) A 2006 Lucente at Php 13,000 per bottle

7) A Remy Martin Otard XO Gold Cognac at Php 8,000

On the success of this first auction, Forth & Tay president James DuVivier remarked: "We are delighted to have hosted the very first wines and spirits auction in the country which has been a smashing success. It is clear that whilst the Philippines is a relatively young market, there are more and more connoisseurs and budding collectors looking for good bargains of stellar wines and spirits.

Adding to the tasting experience of 100 wines from our portfolio, the auction has been a great learning opportunity for many of us about the perceived value of wines and spirits, about the difference in varietals, vintages, 'old' world vs 'new' world, wines for investment and those ripe to drink. This is definitely the first of many auctions to come."

Meanwhile, Salcedo Auctions president Karen Kua-Lerma, elated by the enthusiastic response of bidders said, “This again shows how the Philippines is fast developing into a sophisticated market, with discerning buyers obviously knowing what they want and doing their research, bidding for quality items at an international level. We look forward to introducing more collecting categories to add to our portfolio of investment-grade collectibles that includes fine art, furniture, décor, jewelry, watches, and now wines and spirits.”

A portion of the proceeds from the sale was donated to the Virlanie Foundation.



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