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Details of Cité des vins et des Climats in Beaune are Revealed

The building permit for the Cité des Vins & des Climats de Bourgogne in Beaune was issued on November 24 at the City of Beaune.

This new step is a great satisfaction for the project teams who have been working for several months to design and build this emblematic building which will notably host the next Center for the Interpretation of Climates in the Burgundy Vineyard.

Located at the Portes de Beaune, and designed by Emmanuelle Andreani, architect (SIZ’-IX agency). The architectural design will symbolize by its curves the tendril of the vine, which winds firmly around the trellis wire. The “tendril” will be anchored to the ground by a dry-stone wall then will rise towards the panoramic belvedere terrace 24 meters high to appreciate a 360 ° landscape.

The Cité des vins et des Climats de Bourgogne in Beaune will be located in the heart of the city’s new Biodivercity®-labeled urban and landscaping district, just a stone’s throw from the Palais des Congrès. Modern, ecological, and distinctly human, it will feature an upscale hotel, restaurants, a luxury wine-focused shopping mall, an events hall, and a large landscaped park.

The ground floor of the Cité, covering 1,100m2, will be solely dedicated to the discovery of the wines and Climats of Bourgogne.

Visitors will be able to explore exhibits organized according to three major themes, with an estimated visitor time of 90 minutes:

– The Bourgogne region’s history, soil, territories, etc.

– The plots and Climats; this unique model for terroir viticulture

– The grapes and the wine; single varietals, vinification, barrel making, aromas, and tasting

The Cité in Beaune will help promote the Climats of the Bourgogne region, inscribed on the UNESCO World Heritage List. As such, it will be the center for discovering the Climats of Bourgogne, which will have a dedicated space within the visitor trail. The uniqueness of the exhibition lies in establishing the right balance between scenography, museography, and a pleasing visitor experience.

The preparatory work will begin at the end of 2020, with an official start at the end of January 2021.

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Why has confidence in fine wine increased in 2020?

Despite the headwinds of 2020 – tariffs, Brexit uncertainty and the global pandemic – the wine market has remained robust. Today’s post examines what has changed and offers an explanation as to why we are seeing greater confidence in the market during these exceptional times.

Increased liquidity

One of the key changes this year is an increase in market liquidity, which is reflected in the rising value of bids and offers on the Liv-ex marketplace. The total exposure (total value of bids and offers) reached a new record high of £81 million last week – a £30 million increase this time last year.

In recent months, both bids and offers have been on the rise. The bid to offer ratio (i.e. the total value of bids divided by the total value of offers) currently stands at 0.6. Traditionally, a bid-offer ratio of 0.5 or higher suggests positive sentiment.

A broadening market

Another noticeable difference is that more wines than ever are attracting buying interest, taking market share from the traditional strongholds of Bordeaux and Burgundy. As the chart below shows, the wine market has undergone considerable broadening in the past decade. Bordeaux’s share has halved from its peak in 2010 when it accounted for 95.7% of secondary market trade by value. As its share declined, others shined. Burgundy was the first and main benefactor; its trade share rising from 0.6% in 2010, to a record high of 19.7% in 2019. It has dipped slightly this year to 17.4%.

This year, Italy has been the big winner. Having reached an annual average of 8.8% in 2019, Italy now accounts for 15.3% of fine wine trade. As recently highlighted, the US wine market is also developing at unprecedented rate. USA accounted for just 0.1% of trade in 2010. Year-to-date, it stands at 7%.

And then, there is the Rest of the World – an increasingly diverse category. Up from 0.8% in 2010 to 5.9% in 2020, RoW trade so far in 2020 has been led by trade for Australia (1.8%), Spain (1.4%) and Germany (1%), though wines from Argentina, Austria, Chile, and Portugal to name but a few are seeing more and more activity.

What has changed?

So, why are we seeing such increased confidence in the wine market? One well-documented explanation is that investors are seeking to put their money into safer assets in these uncertain times. Historically, fine wine has offered steady returns and low volatility. Another explanation is that there are simply more market participants than ever before. The number of wine businesses trading on Liv-ex has increased 15% in 2020 alone. This increase in members reflects a growing trend since the Covid-19 pandemic took hold – businesses are looking for web-based solutions to grow their sales.

One such solution is trading automation. Trading automation makes it easier for merchants to list stock for sale, exposing their diverse inventory to an ever-growing marketplace. Regions that once struggled to find a secondary market have been benefitting from the shift to online sales, particularly as lockdowns have closed much of the physical retail. Through APIs, stockholders have been able to list and advertise various wines to a far greater audience, as merchants have connected their customers to this ever-broadening market. Subsequently, wine merchants and private collectors have been able to find less well-known wines from a greater range of wine regions.

Despite an early swoon as the first lockdown took place, the fine wine market would seem to be in a relatively healthy place today. As a tangible, finite asset, it offers stability in a volatile world. It also of course offers a great deal of pleasure for imbibers who are locked down and deprived of their usual wining and dining! And importantly technology, as in so many sectors, has helped merchants from across the globe, to adapt, making wine more accessible and more exciting to all with an interest in it. Combined, these three things have put the wine market on a firm footing in 2020.

Source: Liv-ex

Rob Symington on Climate Change: “We Have To Be Activists”

At an online conference this week, members of the International Wineries for Climate Action (IWCA) spoke of the need to “be activists” in order to bring about real change in the fight against carbon emissions.

Founded last year by Familia Torres and Jackson Family Wines, the IWCA is a small but growing group of wineries dedicated to ‘de-carbonizing’ the wine industry and combatting the effects of climate change.

Crucially, the group requires its members to commit to actively lowering its carbon emissions. The requirements upon joining are:

A complete end-to-end (through Scopes 1-3) Greenhouse Gas emissions inventory (which must be completed six months after joining).

At least 20% of power generated through on-site renewable energy.

Demonstrate a reduction of at least 25% in CO2 emissions for every litre of wine produced after a baseline of emissions has been established.

A commitment to reducing total emissions by 50% by 2030 and ‘climate positive’ by 2050.

Speaking at the conference, Familia Torres’ sustainability manager, Josep-Maria Ribas, explained that all the objectives are, “science based”, to allow members to work towards producing real results in how their companies and wineries operate.

Also speaking was Rob Symington of Symington Family Estates, one of the first wineries to sign up to the IWCA. He said that the big challenge when it came to meaningful change in environmental initiatives was to “avoid greenwashing”.

Not wanting to be criticized and being seen to do something had been the “usual approach” in this area for many years and many sceptics are all too eager to pounce on projects – even good ones – that lack some sort of robustness to their processes.

This is why as well as setting its own goals, Symington said that the family-run group had been, “seeking external frameworks where we’re being held accountable to things we said we would do and that’s the most effective way to avoid falling into the trap of greenwashing”.

And while Symington Family Estates, alongside Torres, Jackson and other members, are able to take control of certain emission hotspots in the vineyards and winery more directly – producing their own energy, cutting energy use, adapting their vineyards to the changing climate, etc – there’s also a strong case for ‘activism’.

As Symington continued: “Over 85% of our emissions are beyond our control – they’re produced by the brandy makers we buy spirit from, glassmakers and transportation and so on,” but, he continued, customers at all points are able to “act as lobbyists to change those emissions from our partners”, and “put positive pressure throughout the chain”.

He added that it sometimes seemed at odd for very traditional wineries to act like activists but countered it was also important to, “stick your neck out and sign up to things like the IWCA. We joined to hold our feet to the fire and to justify the steps we need to take”.

Having goals and being held accountable is vital if not only the structural systems are going to change but the culture behind them that enables those structural systems are going to change too.

But given the challenges and threat posed to vineyards and longstanding family companies by climate change, there is also a (perfectly) legitimate form of “enlightened self-interest” in being a champion for the cause, as Symington admitted.

The IWCA is currently comprised of nine members across the Americas, Europe and Antipodes, with another two apparently close to signing up. Membership is not restricted by size and Ribas added it was currently compiling an emissions calculator that would help smaller wineries be able to join and identify where to focus their efforts to meet the entry requirements without the need to hire expensive consultants.

IWCA website – https://www.iwcawine.org/

Sources: Drinks Business and IWCA

“Connaught Bar” in London is named The World’s Best Bar, as The World’s 50 Best Bars List 2020 is revealed

The World’s 50 Best Bars were announced yesterday in London via a virtual awards ceremony, with London’s “Connaught Bar” clinching the No. 1 spot.

The awards’ list is organized by William Reed Business Media, which also produces The World’s 50 Best Restaurants list.

The 2020 winners

This year’s list includes bars from 23 countries, with 11 new entries.

The U.K. had the strongest showing, with bars in London accounting for eight of its nine rankings. Europe took 21 spots in total, more than Asia’s 15 and twice that of the Americas — North and South America lodged 10 slots in total.

Connaught Bar is known for its martini trolley, which allows waiters to prepare drinks at your table. Singapore dominated Asia’s rankings, with four bars being named among the world’s best, an outsized showing for the city-state that is home to nearly 5.7 million people. Tokyo registered three bars on the list, while Hong Kong and Taipei each netted two.

Sydney accounts for Australia’s three rankings, while Dubai’s Zuma bar gave the Middle East its sole award.

The full list includes

Connaught Bar, London

Dante, New York

The Clumsies, Athens

Atlas, Singapore

Tayer + Elementary, London

Kwant, London

Florería Atlántico, Buenos Aires

Coa, Hong Kong

Jigger & Pony, Singapore

The SG Club, Tokyo

Maybe Sammy, Sydney

Attaboy, New York

Nomad Bar, New York

Manhattan, Singapore

The Old Man, Hong Kong

Katana Kitten, New York

Licorería Limantour, Mexico City

Native, Singapore

Paradiso, Barcelona

American Bar, London

Carnaval, Lima

Salmon Guru, Madrid

Zuma, Dubai

Little Red Door, Paris

1930, Milan

Two Schmucks, Barcelona

El Copitas, St. Petersburg

Cantina OK!, Sydney

Lyaness, London

Himkok, Oslo

Baba Au Rum, Athens

Panda & Sons, Edinburgh

Swift, London

Three Sheets, London

The Bamboo Bar, Bangkok

Tjoget, Stockholm

Buck and Breck, Berlin

Employees Only, New York

Bulletin Place, Sydney

Bar Benfiddich, Tokyo

Artesian, London

Sober Company, Shanghai

Indulge Experimental Bistro, Taipei

Bar Trigona, Kuala Lumpur

Drink Kong, Rome

Room by Le Kief, Taipei

Alquimico, Cartagena

High Five, Tokyo

Charles H., Seoul

Presidente, Buenos Aires

This year, the voting process changed to highlight emerging bar scenes around the globe, said Mark Sansom, content editor for The World’s 50 Best Bars.

The 50 Best organization appointed an outside chairperson to 20 geographical regions around the world. Each chairperson then chose a voting panel for each region, which cumulatively formed the organization’s voting “Academy.”

“The 540-strong Academy is made up of drinks experts, including bartenders, bar managers, drinks consultants, brand ambassadors, drinks writers, historians and cocktail aficionados who are selected for their knowledge of the international bar scene,” said Sansom.