Tuesday, March 9, 2021

Factors that make a Great Wine

What Factors Make a Wine Great? What a question, no? 

Let's face it, most of us, if given the choice, will drink only the best wines out there. Which in some cases may be the most expensive. Of course some of us, me included, could only drink what we can afford, yet as you may see, there are great wines that don't cost you an arm and a leg. Now, price not always equals greatness, price depends not so much on the actual cost of producing a wine but on marketing, since a winemaker may decide to sell his/her wine at a specific price point, usually matching what competitors are offering. 

 

Oftentimes, we find two wines in the same appellation and of good quality that cost so differently.  Sometimes, it’s an issue of huge demand that drives the prices up, like in the case of some of the greatest wines from Burgundy, these are produced in very limited quantities and such a huge demand pushes the prices up. The cost of barrels will also push prices up, barrels are very expensive, so producers only age their best wines in them, (hint if the wine is aged in oak, it may mean it is good). A Winemaker’s or brand’s reputation can also push the prices up, a great review from the Wine Press will push prices up and cause the sell out of a particular brand or the other way around; a bad review can make selling a brand very hard. 

 

I have seen way too many producers “parkerized” their wines, meaning they make wines to the appeal of very famous wine critics (like Robert Parker) and add to that an expensive ticket price. It will usually be a wine described as a “Powerbomb”, a wine where all the elements are very noticeable: good acidity, strong tannins that provide structure and ability to age, concentrated fruit, medium plus or more alcohol since alcohol will give a big body.  I was told once, that these types of wines get better reviews because wine critics taste 100s of flights and flights of wines at a time and they decide the best ones are the ones that stand up from the crowd. But, what about other styles of wines? wines with lighter bodies?, or less structure?, should they be condemned forever? At least for me the answer is no. As I tell my students, always compare apples with apples, and not apples with lemons.


Now, diving into the topic at hand, what makes a wine great? Indeed I agree with the French here, a great wine usually comes from 1) a great terroir. Yes, I confess that I’m terroirist, I believe great wines are born in the vineyard, it is not possible to make great wine without having great fruit to begin with. Good maturation in grapes is key to make any good wine. And though grapes can grow anywhere, not every single appellation was blessed the same way, meaning with ideal conditions for viticulture. Some received better soils with good drainage, special vineyard microclimates that yield the perfect acid/sweetness combination, the perfect sun exposition and elevation, and of course very low yields. The French have defended this position always, and with reason, over the years they have produced some of the best quality wines in the world. So, is there any hope for the New World? I believe there is, since everyday we see more and more samples that can compete with the French coming from new world countries. Under terroir many things are included, like the age of the vines for example, since the older the vine the more concentrated its fruit, this is why when we see labels saying “made from grapes from 100 year old vineyards”. Old vines usually have low yields, and low yields produce more concentrated wines. Of course, the vine grower can manipulate yields with young vines too.  Yes, a great wine usually comes from a great terroir, which is the perfect match of grape variety, with a soil and a climate that will make the fruit grown in plot A, better than the fruit grown in plot B. 


Now, besides a great terroir, we also need 2) A great winemaker vision. Winemaking/ fermentation is a complex chemical process, where many things can be done to attain greatness and many can go wrong. Take for example, if the wine doesn’t have enough alcohol, let’s chaptalize it! (chaptalization is the addition of sugar, usually from beets, to get higher alcohol in wines). If the wine doesn’t have enough acidity, let’s add some, if I want specific aromas and flavors, let’s use yeasts A, instead or B, that are designed to improve the natural flavors/ aromas of certain varieties. If I want nice caramel notes, maybe use French barrels, instead of American barrels that will yield coconut flavors. If my wine is diluted, let’s do a reverse osmosis, a process that takes some of water out, to create a more concentrated wine. Should we filter or fine our wine? some critics prefer fining to filtering, since filtering remove particles from wine and with it, some of its flavors.  So many decisions to take, and like in life, it’s always good to know from the beginning where we want to go and to have control over the whole process. This includes using the most updated technology out there to make wine. Many wine appellations improved the quality of their wines in the late 1980s when they updated the tech by buying temperature controlled tanks for example. 


3)Typicity, in wine is something that many regulatory councils will look after, this is true especially in the Old World appellations (Europe) where in order to obtain a seal of quality and origin, the wines need to follow certain rules and show typicity. Typicity is the” je ne se quoi” element that connects all the wines for that category and geography together and in some cases, this also relates to vintages. It's connected to the geography and therefore terroir. This is why some critics disapprove of wines made from flying winemakers that go through different appellations in the world, creating cookie cutter styles, also known as "International Styles".  Take for an example a Marlborough Sauvignon Blanc and a Pouilly Fume, they are made from the same grape variety but are completely different styles and anybody that tastes them can see this.


4) Ability to age is another thing to consider when talking about quality. Most wine professionals will agree that a great wine must have some ability to age. What does it mean? that all long lived wine must be of quality? Probably. Yet not only it is important to stand the test of time, but it’s important what happens inside the bottle during aging, i.e. the ability of any wine to develop complex flavors that are not seen/present in a young wine; the ability to improve with time. I think that here one has to compare among the same items, certain wines have a shorter ability to age, like maybe 2-3 years and we can’t compare these with wines that have an ability to age of 30 or plus years. However, good quality can be found in the first group as long as it is compared to similar wines/ styles.  


5) Balance of the elements, I left this to the end, because this for me is the most important thing that a wine of quality should have: Balance! And this is not easy to get, many times I tasted wines with way too much alcohol, way too much tannins (though this can be solved by aging the wine for a while). High acidity is another problem, too much sweetness another problem. The only too much that I can tolerate is too much fruit, I prefer my wines fruit forward, so here at least for me, the more the better. However, too much overripeness is not welcome either, if I wanted to drink wines made of raisins, I would drink PX Sherry or sweet Amarone, (wines that were actually created as such). So a note to all producers out there in warm appellations, be very careful, and make an effort to preserve freshness, by not extending extra hang time. 


Of course, we can’t get all this info described above from a label, so when in doubt, you can also use 2 more important tools, a) stick to good producers and b) stick to good importers. a) it is self explanatory, there are plenty of good producers out there, and also great/ star winemakers, so follow those, for example: Nicolas Catena, Piero Antinori, Angelo Gaja, Alvaro Palacios, etc. It may require some research but it's so worthwhile. b) Also follow a good importer, the name of the importer will always appear on the bottle, and I know what you are thinking, importers only care about making money. Yet most of them, also have wonderful tasting palates, so it is no surprise that you often like wines from the same importer. Some I like and know are: Europvin, Jorge Ordonez for Spanish wines, Thierry Thiese for German wines, Kermit Lynch, Vineyard Brands, etc.


Finally, remember as the wise Emile Peynaud said: “We drink the wine we deserve”, meaning that as long as (us) customers continue to drink mass produced wines without personality, these producers will keep their business. So let’s give our money to those who care and aim higher, after all, we are worth it!  Cheers! Silvina.

 












 
So looking forward to visiting some vineyards soon! #greatwine #thoughtsoflawina #WineWednesday

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Tuesday, February 23, 2021

Chilean Reds!

Chile can be considered the Bordeaux of South America, since its wine industry,  was very much influenced by the French, and for a very long time was known as a source of inexpensive Cabernet Sauvignon and Bordeaux blends, a reputation that Chile has successfully shook from its shoulders. 

The first vine cuts though, were of Criolla/ País grapes, a grape that Spanish monks brought to Chile to make sacramental wine, a similar phenomenon to what happened in California and Argentina. But, starting in the second half of the 19th century, Chilean producers, impressed with Bordeaux Grand Crus started planting French varieties. Today, over 137,000 hectares are dedicated to wine production, Cabernet Sauvignon is the most important variety, followed by Merlot, Carménère and Syrah.

Chileans have an appellation system based mostly on geography, but like in every other new world country, viticulture and vinification are not regulated here as it is in Europe.  Chilean wine growers are free to grow and plant what they want and they do so according to demand and of course climate.  

Chile is a very narrow country, as we may see in the map (courtesy of Wines of Chile). It has the shape of a long strip that extends for 2,600 miles. To the north, we find the Atacama desert, which is very dry and hot and is well known for its production of Pisco. To the west, the cool Pacific ocean and a low chain of mountains known as the Coastal range which can have altitudes up to 10,000 feet. And to the east, the Andes mountains which separate Chile from Argentina with altitudes of 13,000 + feet. In the middle, sandwiched between the Andes and the Pacific ocean, we find numerous valleys crossed by rivers that go from east to west, (from the Andes to the coast). This astounding combination will yield multiple terroir, topography, expositions, and microclimates within Chile, suitable for viticulture.  

Climatically the country can be divided in 3 zones, where the north is hot and dry, the middle, Mediterranean (a climate between Napa and Bordeaux) and the south cool and wet. Yet, Chilean producers came up with a new classification for their terroir, considering the differences from west to east 1) In the Coastal areas (Costa) of Chile, located on the west, these areas are influenced by the cooling Humboldt current, bringing cold air, dry winds and fog. This current will provide ideal conditions for cool climate varieties such as Pinot Noir, Sauvignon Blanc and Chardonnay. 2) In the middle, between mountain ranges (Entre Cordilleras) we have a second chain of mountains lower than the Andes, and many flat valleys with altitudes between 300-800 m. This is exactly where the most important red appellations are located in the Central Valley of Chile and to the south of Santiago.  You will recognize these names from your labels: Maipo, Rapel Valley (includes Colchagua and Cachapoal), Curico and Maule. The most important grape varieties here are Cabernet Sauvignon, Merlot and Carménère.   And finally 3)To the east, Alto (High) vineyards are affected by the alpine influence of the Andes.  On the labels, usually categories 1 and 3 are indicated, for example a wine can be a Colchagua Costa, (meaning influenced by the west) or  a Maipo Alto, (meaning influenced by the Andes on the east) wines made in the middle, in the Entre Cordilleras, usually don't have any specification. 

See sketch of the terroirs, courtesy of Wines of Chile, featuring the three categories: Costa, Entre Cordilleras and Andes/Alto.

Chilean soils vary, in the Aconcagua region in the north are mostly alluvial (sedimentary), in the Maipo and Rapel Valleys are mostly loam, clay and sand and in the South in Maule and Bio Bio, volcanic. Besides this, Chile is also phylloxera free, meaning the deadly louse never arrived in Chile and with that, there was no need to graft vines, keeping their original vinifera roots. They, however have, other challenges such as downy and powdery mildew and nematodes, yet organic and sustainable viticulture is widely practiced here. In recent years, drought has become a problem, especially in the north and center, but irrigation is allowed, and like in nearby Mendoza, usually comes in the form of melted snow from the Andes. 

66% of the total production is dedicated to making red wines, especially from Cabernet Sauvignon, Merlot, Bordeaux blends and Carménère. Carménère was at the very beginning, identified as a late ripening Merlot, until ampelographer Jean Michel  Boursiquot’s research proofed otherwise. Syrah and Pinot Noir are also important. 

Starting in the late 80’s Chile saw a change in quality in its wines, thanks in part to investments in vineyards and wineries. Domestic producers, on their own or in joint ventures with foreign wine producers worked together to prove that Chile could produce more than $10 wines (I'm sure some of you are familiar with Gato Negro). Some of these ventures include top names such as: Robert Mondavi, Miguel Torres, Château Lafite Rothschild, etc.

Now, if you are looking for red Chilean wines, you need to know that though producers are spread all over the country, most of them are concentrated in the middle, in the Central Valley. However in the north, there are important appellations that produce very good red wines, like the wonderful and elegant Syrahs from Elqui and Limari Valleys featuring peppery and ripe black fruit aromas or Cabernet Sauvignon, Carménère and Bordeaux blends from the Aconcagua Valley, where famous Chilean producer Viña Errazuriz has its base and makes its famous Seña wines there. 

Carménère, a grape that had become extinct in Bordeaux reached a new height in Chile,  and is their signature grape variety, producing savory and spicy reds with lush and textured bodies, balanced acidity and velvety tannins.  Important enclaves to look for are Peumo, Alto Cachapoal and Apalta. Cabernet Sauvignon, the most popular red grape, produces wines that show medium + to big bodies with balanced alcohol and acidity, and muscular tannins, showing on the nose black currant, mint and olives notes. Puente Alto, Pirque and Alto Maipo produce some of the best samples. Besides the outstanding Cabernet Sauvignons like Concha y Toro Don Melchor, Casa Lapostolle Clos Apalta or Viña Almaviva, I also recommend you to try the wines from the Vigno appellation. This appellation is located in the Secano area (Maule); here impressive, concentrated reds are made from dry farmed Carignan vines, that are also some of the oldest in Chile (30 years +). 

My Wine Recommendations: Once again, I would like to thank all the producers and importers for providing a huge selection of samples. A special thanks to Wines of Chile for sending important data, maps and pictures. 

*Value Wines - less than $20

Apaltagua Envero Gran Reserva Cabernet Sauvignon 2018, $16.99

Escudo Rojo Carménère 2018, $17.99

Veramonte Primus Carménère 2018 $18.99

Peñalolen Cabernet Sauvignon 2017, $19.99

Montes Alpha Cabernet Sauvignon 2017, $19.99

Viña Tarapaca Gran Reserva Cabernet Sauvignon 2018, $19.99

 

*Smart Buys- $20- $40

De Martino Legado Carménère 2018, $21.99

Ventisquero Grey Pinot Noir 2017, $24.99

Ventisquero Grey Cabernet Sauvignon 2017, $24.99

Cono Sur 20 Barrels Cabernet Sauvignon 2016 $24.99

 

*Premium- $40 and up

De Martino La Cancha Cabernet Sauvignon 2017, $39.99

Maquis Viola Carménère 2014 $49.99

Milla Cala Vik Millahue (Bordeaux blend) 2016 $44.99

De Martino Vigno Carignan 2018 $54.99
























So there you have it! your mini tour around Chilean red appellations. Hoping you will enjoy some of these fine reds soon! Cheers, Silvina

#chileanreds #chileanwine #thoughtsoflawina #Carménère #Vigno #drinkchile

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Tuesday, February 9, 2021

Wines to Celebrate Valentine's Day!

Valentine’s Day is just around the corner! When thinking about this holiday, what comes to mind first, besides long stem roses and chocolates? Diamond jewelry, perhaps? Nope...for me, it’s all about love in the glass: wine! great wine to impress your significant other or if you are solo, wines to share with your friends. 

Now, since we are still in the middle of a pandemic, chances are many of you will be celebrating the holiday at home; so here are some wines I tasted recently that hopefully, will help you set the mood on the most romantic night of the year!

Robert Hall Winery Sauvignon Blanc 2019: completely fermented in stainless steel tanks to preserve aromatics and fruit. This Paso Robles medium bodied white features grapefruit, lime and crisp apple notes, with zippy acidity. Enjoy with asparagus risotto, roasted fennel and carrots with dill, or lemon buttered filet of sole. $18

Robert Hall Winery Cabernet Sauvignon 2018: it’s a delicious blend of 86% Cabernet Sauvignon, 8% Merlot, 3% Syrah and 3% Cabernet Franc, that was aged for 18 months in French and Eastern European oak. On the palate, this Paso Robles red is full bodied, delivering ripe black currant, dark chocolate and spicy cedar notes. Enjoy it with bacon wrapped filet mignon, roasted prime rib or grilled lamb chops with rosemary. $20

Frescobaldi Tenuta Perano Chianti Classico Riserva 2017: made mostly of Sangiovese grapes, aged in tanks and barriques for 24 months. This enticing and earthy medium bodied red, offers black cherry, violet and tobacco notes supported by super velvety tannins. Enjoy this with pasta in a rich meaty sauce, your favorite veggie lasagna, or sautéed veal with mushrooms and mashed potatoes. $33

Finally every Valentine’s must have some sparkling wine, match one of my favorite cavas with your favorite holiday dessert, mine is chocolate covered strawberries!

Anna de Codorniu Blanc de Blancs Brut NV: made from 70% Chardonnay, with 15% Parellada and 15% Xarel-lo grapes, this elegant Cava exudes peach and ripe jonagold apple notes, complemented by briochy nuances and a lively finish. $17

Cheers! Silvina.



















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#thoughtsoflawina #valentine'sday #winesforvalentine's 

Tuesday, January 19, 2021

The Wines of Portugal (non Fortified)

How did I become familiar with the wines of Portugal
Well here goes a bit of my history.... Once upon a time, about 12 years ago, I  worked for a PR agency (Dunn and Robbins) that promoted wines of Portugal. I used to hold in-store tastings twice a week, every other weekend and got familiar with all the Portuguese indigenous grapes. 

Of course for the beginner, learning about wines of Portugal can be overwhelming. Portugal has over 250 native varieties, some of which only grow there. But, Portugal also grows French varieties too: Cabernet Sauvignon, Shiraz, Merlot, Viognier are some that are used in blends with native varieties or on their own. It's also important to know that some of the native varieties are found in neighboring Spain, though with different names; for example Tinta Roriz is the Spanish Tempranillo from Rioja and Ribera del Duero, Alvarinho is the Albariño from Rías Baixas and Jaen is the Spanish Mencía, etc. 

For me Portugal, like Spain, offers plenty of quality at a very reasonable price. Of course if you want to spend a lot of cash, you can find expensive wines here too! but if you are looking for very affordable wines, @ less than $25 a bottle, Portugal is definitely your destination.

Slightly bigger than Bordeaux, Portugal has 190,000 hectares dedicated to vineyards. Climatically, the north of Portugal is cooler than the south which is drier and hotter. We can easily divide Portugal in three sections; appellations on the west coast, facing the Atlantic, enjoy cooling sea breezes, abundant rainfall and moderate temperatures. To the east, on the border with Spain, the climate changes to continental: cool at night but very hot during the day, much dryer, with lower rainfalls. Finally, in the south we have the Mediterranean influence, mild winters but dry and hot summers. There are many soils in Portugal; granite in Vinho Verde, Douro, Alentejo and Dao. Schist in Douro and Alentejo; clay, sand and limestone in Bairrada, Tejo, Peninsula de Setúbal and Lisboa. As you imagine it is the perfect combination of climate, soil, grape varieties and exposure that allows Portugal to produce unique styles of wines. 

Like every country in Europe, wine production is super regulated in Portugal and has a quality system copied from the French. The top wines are known as DOC (Denominação de Origem Controlada) equivalent to the French AOC/ AOP, then comes the IPR (Indicação de Proveniência Regulamentada), similar to French VdP (Vin de Pays) and finally the Vinho de Mesa category or table wine. If you want quality, always stick to DOC wines.

Map of Wine Appellations, courtesy of Wines of Portugal

There are 11 regions in Portugal, these listed below are just my favorites. I opted to list regions, following the system of the old world, I'm including the grape varieties there too, though they don’t usually appear on labels. I am also including descriptions of all the wine styles, this will be important for all of you, who are not familiar with these varieties, and to give you something you can relate to. 

Vinho Verde: located to the north of Portugal and facing the Atlantic, Vinho Verde is usually a blend of several aromatic varieties that include Alvarinho, Loureiro, Trajadura, Arinto, Avesso, etc. Vinho Verde is a very refreshing white with piercing acidity, usually low in alcohol, light body, and a bit of fizz. On the nose will show citrus: fresh orange peel, lime and grapefruit but also green apple notes. Wines from the Monção appellation are usually 100 % Alvarinho and a bit more serious. 

Douro: Yes! the same wineries that produce port, also make superb, dry table wines, and not just any red wines; Douro reds are some of the most flavorful/ beefy reds around! I consider them a powerbomb, because they feature a big body, big fruit, high alcohol (14% is the usual) but soft tannins. On the nose, they have nice black fruit (black cherries and plums), tobacco, cloves and other spices. The main grapes here are those used to make Port: Touriga Nacional, Touriga Franca, Tinta Cao,Tinta Amarela and Tinta Roriz (Tempranillo). Some will be produced as a blend or as varietal.  Quinta Do Crasto is one of my favorite producers here, see more recommendations below.

Dão: is another source of delicious softer reds than those from the Douro valley. Made mostly from Touriga Nacional, Alfrocheiro, Tinta Roriz (Tempranillo), Jaen (Spanish Mencía) & Baga. Dao also produces flavorful whites, which can be medium to full bodied from the Encruzado grape. 

Bairrada: is a source of sparkling wines made with Maria Gomes grapes, Arinto, Cersial and even Chardonnay. But the star of Bairrada is a red grape: Baga. It yields a very rich, tannic red with high acidity, a big red that requires aging to tame its strength! it usually features flavors of black plums, coffee, tobacco and smoke. We can find plenty of wines from international varieties here too, such as Cabernet Sauvignon, Pinot Noir, Syrah, Merlot etc. 

Alentejo: is a source of fruity and easy to drink reds that are offered in many cafes and restaurants.  Aragonêz (AKA Tempranillo from Spain) is the most popular variety here, but also, Alicante Bouschet, Alfrocheiro, Castelao (Periquita) and Trincadeira, all yield elegant reds.  And of course there are blends of Aragonêz with international varieties such as Cabernet Sauvignon, Merlot and Syrah, usually sold as Vinho regional Alentejano. 

Setúbal: is known for its Muscat of Alexandria fortified wine (Moscatel de Setúbal), which is a rich, exotic dessert wine featuring notes of oranges, molasses, and caramel.   
The Pamela DOC appellation produces wines from Castelão grapes, sometimes blended with Tempranillo (Aragonêz), Cabernet Sauvignon, Trincadeira and Syrah. Castelão yields fresh reds full of red currants and plum flavors, similar to Cabernet Sauvignon, but with riper tannins and balanced alcohol.

So, what do you think? should we give Portugal a try? 
Below my recommendations: many thanks to Broadbent Selections, Ole & Obrigado, Vineyard Brands and Herdade do Esporao for providing me with samples.

Broadbent Vinho Verde NV, $11.99
Known for his wonderful selection of Madeiras and Ports, Bartholomew Broadbent has added a full line up of still Portuguese wines. His mouthwatering Vinho Verde is a blend of 50 % Loureiro, 40% Trajadura and 10% Pederna. This light and spritzy white shows elegant lime and grapefruit notes and lively acidity. Comes in a rosé version, too.

Broadbent Dao White 2019, $14.99
If you are looking for a different white you have reached the right spot! made from a blend of Encruzado, Malvasia Fina, Bical and Gouveio, this firm, medium white offers white peach, slivered almonds with herbal (tarragon and fennel) notes, ending smooth and creamy!

Broadbent Douro Reserva 2018, $24.99
Polished red featuring a blend of Tinta Roriz, Tinta Barroca, Touriga Nacional and Touriga Franca, aged for 12 months in oak. Elegant combination of ripe black cherry and blueberry compote with layers of clove and vanilla notes that frame a lovely finish.

Nortico Alvarinho 2019, (Vinho Regional Minho) $14.99
Made from 100 % Alvarinho grapes sustainably grown, this light, refreshing white showcases nice yellow apple and grapefruit notes and an elegant touch of white stone minerality. 

Macanita Douro 2018$29.99
Velvety red featuring Touriga Nacional old vines (some over 80+ years old) and Sousao grapes. This wine is aged for 12 months in a blend of new and old French oak and features abundant plum and blueberry preserves aromas combined with scented floral notes. 

Herdade Do Esporao Monte Velho Red 2019 (Alentejo) $9.99
An everyday red with substance, made from 40% Aragonêz (aka Tempranillo), 35% Trincadeira, 20% Touriga Nacional, and 5% Syrah. It delivers fresh red cherry and vanilla notes, subtle tannins tune up the finish.

Altano Douro White 2019 $14.99
A blend of organic grown Malvasia fina, Viosinho,Rabigato and Moscatel Galego. Tropical Pineapple and peach notes on this floral and bright white. Delish!

Altano Douro Red 2018 $12.99
Suave red made from a blend of Touriga Franca, Tinta Roriz and Tinta Barroca. This tinto offers plum, glazed cherries and licorice notes that mark the spicy peppery finish.

Quinta do Ataide Douro Red 2015 $25.99
Concentrated red made from a blend of Touriga Nacional, Touriga Franca, Tinta Roriz, Tinta Cao and Tinta Barroca. Aged for 10 months in French oak. It features prune sauce and brambly notes that complement the interesting fleshy finish. Cheers! Silvina


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#portuguesewines #portugal #thoughtsoflawina #tryadifferentredtonight

Tuesday, January 5, 2021

WineFunding: Crowdsourcing for wineries

What if you could invest in a winery and not only get your money back but get your return in bottles of wine? Wouldn’t that be wonderful?

For a wine lover like me it is! and I think it’s a great idea to help producers with their expenses, especially for those that are new, or are expanding; and at the same time supplying their investors with bottles of wines and other wine perks from the winery as we may see. 

In order to do this, comes a company I recently discovered: WineFunding. 

WineFunding is a unique platform, that allows producers who need cash to connect with individuals that have that cash, usually wine fans/lovers who want to invest in wine estates. Before WineFunding existed, most wineries, went to banks to get their loans or had to have a small fortune to be able to own a part of any wine venture. 

CEO Maxime Debure had this wonderful business idea and opened his offices in the epicenter of the French wine world: Bordeaux and Burgundy. Together with his team, Maxime examines an average of 450 different wine projects a year, before selecting only the top 25. You can explore all of them on their website. But let me warn you, because this is a French company, most of the wineries at the time of my post, are based in France, though his plan is to extend geographically to fund projects all over the world. I can easily see myself funding a winery in Burgundy for sure or in my home country: Argentina.

WineFunding has created 3 basic models, and depending on your choice you will receive different gains from your “investment”. 

Pay back in Wine: this model is from small projects, wineries that are trying to get between 10,000-30,000 Euros.  Your contribution can be from 100-1000 Euros, the duration is 1-5 years, in exchange for your funds, the winery agrees to pay you, your investment in wine. Normally it will be the same amount of bottles spread on the duration of your loan. From the point of view of the wine founder, this option is similar to an "en primeur" sale of these wines. (where you buy wines before they are released). Let's say you invest $300 Euros, in 5 years you will receive a case of wine per year until the producer pays you what he/she owes you.

Wine Bond: this is where it gets really interesting and for me is the best offer, the principal is paid in capital (so you will get all your money back) but the interest is paid in wine.  This is used for medium sized projects that are trying to get between 30,000-300,000 Euros.  The investor’s contribution could be anywhere between 1,000-10,000 Euros, the contract lasts between 2-5 years. The payment of the capital is divided according to the duration of the contract, and is usually returned to the investors in increments of 20 to 25% per year and the interest, usually 8%, is paid fully in cases of wine.

Equity: This is for big projects, since here wineries are looking to raise more money, from 100,000 to 10 million Euros. The contributions could be anywhere from 1000 to 1 million Euros.  Here you become a  shareholder of the wine estate, so you will own equity. As a shareholder, you will receive dividends and/or capital gains, but also many other perks: special discounts for wine purchases, tastings, and free lodging at the wineries, tax incentives (though these are only available to French nationals), etc.  

Interested in becoming a Wine founder? take a look at some of their exciting projects. I was told by Maxime, that in the case of wine founders located in the US, the company works with a series of importers/distributors, to make sure their investors can receive their wines at home, according to US wine regulations. Plus, some of the estates will allow you to taste their wines beforehand (you will be buying a set of wines from them, through their website) and participating in live tastings with your producer/ winemaker, which will help potential investors to learn more about the wine estate/ future investment. 

Sounds fun!, isn't it? Cheers! Silvina.

#winefunding #crowdsourcing #winebusiness #winepartners

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