Chinese bubble wine go pop?
There are a number of myths about Chinese wine drinkers. The first is that they do not buy victories for investment, but they buy to drink.
"The Chinese certainly derive many corks, but generally the older vintages." They are not young wine to drink and commit 'infanticide,' "says Serena Sutcliffe, head of the wine in the world at Sotheby's." Ms Sutcliffe described the wine sales in Hong Kong as "extraordinary."
She adds: "the Chinese market is certainly have an impact at the upper end.
The question of the future value of these wines is determined by supply and demand.
"The problem with fine wines, unlike stocks and shares, is that once that he left the castles and is sold, it is very difficult to follow, says James Fletcher, Albany, advising on investments in the wine portfolio management."
"Much of this wine is drunk in China, but how much is actually drunk and how is registered is still unknown.
There are approximately 800,000 millionaires in China and about 100,000 cases of the right things is produced each year. Provision of Lafite cannot be increased due to 1855 appellation laws - and demand is increasing rapidly, it is clear that prices will rise.
David Elswood, Director international wine for Europe, Christie also believe that the Chinese are becoming more interested in wine as an investment. "Typical Chinese buyer is considered to be a drinker, but there are as many speculators."
It supports warning on the prospects for the future. "There could be a bubble brewing wine in China, but many people hope in addition will be swell", explains Mr. Elswood.
"Than a similar thing spent 20 years in fine arts at the Japan but there are simply not sustainable," he said. "It was a whim". We have the same situation with China. ?
The issue of tax has made in Hong Kong the center of the World wine - and desire new millionaires of China to experience the best of the fine is likely to inflate the bubble more. Although the person is called a collapse in the market, it nevertheless remains clear that the rate of price increases in recent years are not sustainable in the long term.
January 22, next month, Lord Lloyd-Webber provides for the sale of a portion of its collection of wine at Sotheby's in Hong Kong. Sell 747 lots of Bordeaux and Burgundy, assessed as HK$ 32 m (£ 2 7 m). Literature says that "" with the collection of all the instinct of pie gets top and there comes a time when there is no more space on the walls or in the cellar. ""
However, as a "committed and knowledgeable collector of art and wine," the Lord Lloyd-Webber could be having a portion of its prudent business acumen and out before the balloon inflates too far.
Price of gasoline hit two-year high
Natural gas prices UK increased week last a maximum of two fresh years as demand soared. Prices for immediate delivery increased 2% p 65.5 by therm, the highest level since February 2009.
Power the half of the countries run on gas, so prices have also been creeping up. The amount of gas to the United Kingdom holds storage is now 30pc lower at this time last year. However, Britain is not likely to run out of gas import infrastructure improved e_SEmD.
The price of natural gas increased more by 25pc in Britain this year. However, in the world, there is excess supply is likely to cause price drop next year.
Speculative buy cocoa
Unrest in C?te d'Ivoire supported the price of cocoa. Data last week showed strong speculative purchasing New York cocoa, reversing a month predatory. However, just below of $2,000 per tonne, price is always well below the 33 year high of $2,700 in July, when hedge funds Armajaro Holdings on the ropes on the market.
C?te d'Ivoire produces around 40pc of supply of the planet, but there was a stalemate between the two political parties both claiming to have won the election on 28 November.
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