Posts Tagged 'bbi'

Inflation, inflation, inflation – creeping wine prices but a great deal on Peccavi

Looked at wines from Crystal Wines, Epsilon Wines, eWineAsia, Hermitage Wine, Le Vigne, The Cellar Door, The Local Nose, Wine Connection & Wine Exchange Asia.

Early into the New Year and I’ve had some adjusting to do. No, not to the quality of wine I’m drinking, but to the Bastard Box Index (BBI). I’m always adjusting the inputs, but not the criteria, for “fair comparative value” especially as the exchange rates change, but there are other influences as well. Cost of freight pushes prices up, but the swag of specials coming from liquidated (!) wineries makes some of the RRP a bit meaningless.  I’ve noticed a bit of a general price creep in Australian and New Zealand wines on sale here in Singapore, so you might have to readjust your expectations. I did say about the middle of last year that some prices were too good to last. No matter. You got that bonus and pay rise, right?

The Kiwis:

2005 / Vinoptima / Ormond / Gisborne / Gewurtztraminer / S$80.25 from Hermitage Wine – Can you believe it? $80 bucks for a gewurtz? Well, believe it you should as this winery has a tremendous following. I don’t have a rating for 2005, but Michael Cooper raves over the 2004 and the 2006. The winemaker agrees that both those years are better than the 2005 but there’s no suggestion that the 2005 is anything but another excellent wine. Besides, I just wanted to write about an $80 gewurtztraminer for a change. The 2006 is “drink 2012”, so I’m going to guess the 2005 is “drink now”. With a RRP of NZ$55, the price here is creeping into marginal BBI territory.

2007 / Felton Road / Dry / Central Otago / Riesling / S$44.90 at The Cellar Door –   Surprisingly, I couldn’t find a rating for this amongst the gaggle of Kiwi raters, so I’ve relied on Gourmet Traveller Wine (which draws on Bob Campbell anyway) who gave it 90 points and suggested drinking to 2014. RRP is NZ$30 so the price at Cellar Door is good value indeed.

The Aussies:

2006 / Shadowfax / Victoria / Chardonnay / S$42.90 at The Cellar Door – This wine comes from all over the place, hence the Victoria domicile. Shadowfax also has specific regional wines (e.g Geelong) so don’t be confused. You probably won’t be, as the regional wines are more expensive than the Victoria one. This wine is rated 94 points by Halliday, drinking to 2012, and retails for A$28. That makes the price here good value.

2008 / Peccavi / Margaret River / Chardonnay / S$52 at The Local Nose (but also at Peccavi) – Jeremy Oliver gives it 92 points, and suggests drinking between 2013 to 2016. With a RRP of A$45, the offer here is great value.

2009 / Mollydooker / The Violinist / McLaren Vale / Verdelho / S$42 at Epsilon Wines – Mollydooker had a focus on the US market and that’s reflected in the fact that I’ve only found one rating, and that’s out of Wine Spectator. They gave it 87 points (4 star) and suggested drinking it by 2009. The pricing’s OK (it retailed for A$27, US$25) so you just have to worry about the age.

2006 / Paradigm Hill / L’ami sage / Mornington Peninsula / Pinot Noir / S$80, S$75.50 by the case at eWineAsia – 4.5 stars across the board. Epicure 4.5, Halliday 90, Wine Front 93. Mid-range of the “drink by” recommendations is 2015. So far, so good but this is where it starts to fall apart. With a RRP of A$45 (and still available at that e.g. at Wine House) the price here is about S$15- S$20 a bottle above where the BBI would put it.

2006 / Bindi / Pyrette / Heathcote / Shiraz / S$75, S$71.25 Member Price at Crystal Wines – No doubting the quality. Halliday 96 points. Drink between 2011 and 2021, but…….with an RRP of A$40, same as the Paradigm Hill, about S$15 to S$20 outside the BBI.

2008 / Henschke / Keyneton Euphonium / Barossa Valley / Shiraz Blend / S$60 at Wine Exchange Asia – Do you want to be confused? Firstly, one of the respected raters says that this wine used to be called Keyneton Estate but now it’s just known as Euphonium. Wrong – the 2008 is Keyneton Euphonium, that’s what’s on the label. Another rater says it’s 75% shiraz, 11% cabernet, and 8% cabernet franc. Wrong – it’s 75% shiraz, 11% cabernet, 8% merlot and 6% cabernet franc (check my maths though). That’s what’s on Henschke’s website. But even here it gets confusing. The label says Barossa Valley, but the write-up on Henschke’s website says “[from grapes] grown in the Barossa Valley (Eden Valley and Barossa Valley). Anyway, the wine gets 92 from Wine Front and 94 points from Tyson Stelzer with recommended drinking out to 2018. With a RRP of A$48, the price here is good value.

On a comparative value basis, the Peccavi Chardonnay is the stand out, followed by the Felton Road Riesling, and the Shadowfax Chardonnay. If I wasn’t so long wine. I’d put the Henschke in my cellar too. It’s a fair price and you won’t regret it.

Sorry to hear that one of my favourite wineries, Best’s at Great Western, went under water recently. I mean actually, not financially. The vineyard copped the floods from the recent rains in the NW of Victoria and I understand that most of the vines got more water than they’d had for the last decade. My thoughts go out to everyone involved in the clean up and the restoration/preservation of this year’s crop.

This story is a little old now (October last year) but the kudos isn’t. Have a look at Australia’s first “perfect wine” judged at the 2010 Rutherglen Wine Show.

http://www.weeklytimesnow.com.au/article/2010/10/06/241321_horticulture.html

“I believe that wines of texture and elegance and length are the way forward for Australian wine. If we don’t make wines of structure, and longevity, and complexity, and increasingly wines with a sense of place, then the areas of the world market that we need to penetrate will always be shut off to us.” – Phil Sexton of Giant Steps quoted in Gourmet Traveller Wine in July 2007

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If in doubt, talk with the winemaker, …..and some good deals on Ferngrove

Earlier this year, I bought some 2002 Ashton Hills Sparkling Shiraz for my cellar in Australia. I’m a big fan of aged sparkling shiraz and we’re still drinking 1985 Seppelt Show Reserve. Sure, the odd bottle is a little flat but the blackberries, oh, the blackberries.

I tracked down some Ashton Hills reds and whites in Singapore but they were a bit exxy, so I used the opportunity to ask the retailer when I might drink the 2002 sparkling shiraz. The answer I got was that all sparkling wine should be drunk early and that I shouldn’t hang on to the wine for much longer. Hmm, this just didn’t gell with the fact that the current release is 2002 so I decided to follow up with Ashton Hills direct. No website, so that meant a phone call. Of course, one of the benefits of picking up the phone is that you actually get to speak with a real person, and in this case it was the winemaker himself, Stephen George. His candid response to the advice I had received was “BS” and that the wine would cellar for at least another 10 years.

Denise’s GSS continued……some good buying here.

Don’t ask me why, but some wines just slip under my radar. I can’t remember when I last had a Ferngrove wine from Frankland River in Western Australia, if in fact I ever have. In reviewing Denise’s GSS sale offers, I realise that it’s time I mended my ways. Denise has a swag of Ferngrove on special and what I’ve listed below are all consistently and solidly under my BBI for comparative value.

2007 / Symbols / Shiraz Viognier / S$27.72 – Rated 90 points by Jeremy Oliver, drinking 2009-2012 RRP A$16

2007 / Symbols / Cabernet Merlot / S$26.90 – 90 points by Halliday, 89 points by Oliver, drink to 2012, RRP A$16

2007 / Chardonnay / S$29.36 – 90 points by Halliday, drink to 2012, RRP A$19

2008 / Sauvignon Blanc / S$29.36 – Another 90 pointer from Halliday, drink now, RRP A$19

2007 / Shiraz / S$30.18 – Winestate thought it average (4 stars) but Halliday gives it 4.5 (94 points), drinking 2012-2022 RRP A$19

2009 / Cossack / Riesling/ S$36.74 – Epicure gave it 4.5 stars and suggested drinking 2012-2018 with RRP A$23

2007 / Diamond / Chardonnay / S$38.38 – Oliver 90, Halliday 94, how can you go wrong? Drinking to 2013 RRP A$22

2007 / Dragon / Shiraz / S$40.84 – Oliver 92 points, drinking 2012-2015. RRP A$29

2007 / Majestic / Cabernet Sauvignon / S$40.84 – Oliver 93, Halliday 94. What’s stopping you? Drinking 2015-2019+.

2007 / King / Malbec / S$40.84 – Oliver 95! Halliday 94. They just keep getting better. RRP A$29

2005 / The Stirlings / Shiraz Cabernet / S$48.12 – Halliday 94, Gourmet Traveller Wine 4.5 stars drinking now to 2020, RRP A$50. Yes, that’s right A$50.

What a great selection. A bunch of 4-4.5 star wines for sub S$30 and nothing over S$50. Why pay S$21.50 for Little Penguin? On a BBI comparative basis, The Stirlings is the stand out value.

Denise’s GSS sale continues……

Up to K in the list plus a Kiwi. The value on the K1’s is OK rather than startling but still within the BBI of value so definitely worth considering.

K1 by Geoff Hardy / 2007 / Adelaide Hills / Cabernet Sauvignon / S$51.50 – Mixed bag on this one as Winestate rate it at 4 stars, but Halliday gives it 94 points, drinking 2012-2022. RRP is A$35 so just scrapes within the BBI for value.

K1 by Geoff Hardy / 2006 / Adelaide Hills / Merlot / S$51.50 – Halliday has at 92 points, drinking 2010-2016. RRP A$35 too.

K1 by Geoff Hardy / 2006 / Adelaide Hills / Shiraz Viognier / S$35.10 – A 4 star wine according to Winestate and just scrapes into 4.5 stars with Halliday (90 points), drinking 2010-2014. RRP A$18.

K1 by Geoff Hardy / 2007 / Adelaide Hills / Pinot Noir / S$50.68 – 91 points by Halliday, drinking 2010-2014, RRP A$35.

It’s pretty much line ball, but the shiraz viognier just pips the others as the best value of the bunch.

Only one from New Zealand in this review:

CJ Pask / 2005 / Declaration / Hawke’s Bay / Merlot / S$53.14 – Another significant difference of opinion. Winestate give it 3 stars, Gourmet Traveller Wine give it 4.5 stars. Take your pick. Mid range price is about NZ$52 so coming in at S$53.14 makes it a particularly good value buy

Sales, specials, and damned statistics

What a week! So many specials flooding my desk it’s hard to keep up. Let’s start off with some Kiwis on offer from Crystal Wines and Rubicon. Denise (or is it Straits Wine Company, I’m never sure?) have some Kiwi specials too but I’ll get to those later in the week.

Crystal Wines:

2009 / Cloudy Bay / Marlborough / Sauvignon Blanc / S$45 – You can’t go wrong with Cloudy Bay sauvignon blanc, right? Well, Wine Spectator thinks you can. They rated this wine a 4 star, and drink by 2010. OK, so how’s the price then? I find that Cloudy Bay sav blanc is pretty much always at a premium in Singapore compared with the local New Zealand price. I guess my only observation here is that this wine and this vintage is listed at 10 cents a bottle cheaper at Eve Spirits at Alexandra Park!

2007 / Cloudy Bay / Marlborough / Chardonnay / S$52 – Now this wine everyone seems to like, and a lot. Gourmet Traveller Wine gave it 97 points (doesn’t come much better than that), drinking to 2014, and Bob Campbell gave it 95 points (5 stars again). With a RRP of around NZ$40 in New Zealand, this looks better value than the sauvignon blanc and fits within the BBI index of comparative value.

Rubicon Reserve Wines:

2006 / Gladstone / Wairarapa / Pinot Noir / S$43.22 – This looks like one you’re going to have to buy on price. Bob Campbell was fairly unimpressed giving it 80 points. But, the RRP is shown as around NZ$47 (yes, more than the Cloudy Bay chardonnay) so on a comparative basis, it should come in somewhere around S$56-57 mark. It’s S$13 below that, so if that’s what it takes for you, go for it.

The final word on duty free shopping

You’ve heard of the Big Mac indicator. Well, this is the Bastard Box indicator.

Jacob’s Creek Johann South Australia Shiraz Cabernet

This wine is for sale at winestar.com.au for A$55. I reckon there’s a smidge over A$10 of GST and WET (wine excise tax) in that price. Bear that in mind as we do the comparison:

Winestar.com.au (including Australian duty and tax, but not delivery) – A$55

Melbourne Airport duty free – A$65

Changi Airport duty free (S$140) – A$115

Say no more.

And I won’t.


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Wine quotations

"A good bottle of wine contains more philosophy than all the books in the world" - Louis Pasteur

“The unexacting palates of the masses…are content to ask no question [on origin] so long as a florin or half-a-crown will purchase a roomy flagon of strong , full-bodied, fruity wine” – CE Hawker writing in 1907

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