In modern times a new dynamic is speeding up the rarity as well as increasing the prices, wine critics. The most notable being Robert Parker Jr.
He is acknowledged to be the most influential wine critic in the world. He publishes his reviews in his magazine, The Wine Advocate which has been published since 1978. There are 40,000 subscribers in each American state ad well as being published across 38 Countries. This publication is referred to as the "Wine Bible" due to it's religious following.
His simple scoring system is easy to follow. He scores wines between 50 - 100 points. This score represents the quality of a wine which then directly influences demand as fine wine consumers and investors compete to own the very best wines.
In modern times a new dynamic is speeding up the rarity as well as increasing the prices, wine critics. The most notable being Robert Parker Jr.
He is acknowledged to be the most influential wine critic in the world. He publishes his reviews in his magazine, The Wine Advocate which has been published since 1978. There are 40,000 subscribers in each American state ad well as being published across 38 Countries. This publication is referred to as the "Wine Bible" due to it's religious following.
His simple scoring system is easy to follow. He scores wines between 50 - 100 points. This score represents the quality of a wine which then directly influences demand as fine wine consumers and investors compete to own the very best wines.
FINE WINE CRITICS
Fine wines rises in value due to two factors, restricted supply and ever growing demand. The best wines are produced in limited quantities which puts an immediate strain on their already finite supply. As the wines are consumed they quickly become rarer. Over time as the supply depletes, the demand overtakes whats available on the market and the prices naturally rise.
Bordeaux wines are the most famous and sought after. The French government restricts the amount of wine each each producer is allowed to yield which immediately creates a supply and demand dynamic. The government restrictions on wine production were introduced by Napoleon III which remains virtually unchanged.
In 1855 Napoleon III requested France's wine brokers to come up with a system that would allow foreign visitors to be able to easily identify the Country's best wines. This is when the Official Bordeaux classification was born. Wines were ranked based on their importance, from First Growth to Fifth Growth. Wines that are First Growth are naturally more in demand as they are viewed as the best .
In modern times a new dynamic is speeding up the rarity as well as increasing the prices, wine critics. The most notable critic of them all being Robert Parker Jr.
Robert Parker Jr is acknowledged to be the most influential wine critic in the world. He publishes his reviews in his magazine, The Wine Advocate which has been in production 1978. There are over 40,000 subscribers for The Wine Advocate in each American state as well as being published in 38 Countries. This publication is referred to as the "Wine Bible" because Robert Parker Jr's reviews are followed religiously by the wine community.
His simple wine scoring system is easy to follow. Wines are given a score between 50 - 100 points. Although his score directly reflects a wine's quality, it indirectly influences the demand as fine wine investors and consumers will compete to own/drink the the very best wines. Robert Parker Jr has issued less that 20 perfect 100 scores to Bordeaux producers over the last 40 years.
THE FINE WINE MARKET EXPLAINED
Fine wines rises in value due to two factors, restricted supply and ever growing demand. The best wines are produced in limited quantities which puts an immediate strain on their already finite supply. As the wines are consumed they quickly become rarer. Over time as the supply depletes, the demand overtakes whats available on the market and the prices naturally rise.
Bordeaux wines are the most famous and sought after. The French government restricts the amount of wine each each producer is allowed to yield which immediately creates a supply and demand dynamic. The government restrictions on wine production were introduced by Napoleon III which remains virtually unchanged.
In 1855 Napoleon III requested France's wine brokers to come up with a system that would allow foreign visitors to be able to easily identify the Country's best wines. This is when the Official Bordeaux classification was born. Wines were ranked based on their importance, from First Growth to Fifth Growth. Wines that are First Growth are naturally more in demand as they are viewed as the best .
Fine wines rises in value due to two factors, restricted supply and ever growing demand. The best wines are produced in limited quantities which puts an immediate strain on their already finite supply. As the wines are consumed they quickly become rarer. Over time as the supply depletes, the demand overtakes whats available on the market and the prices naturally rise.
Bordeaux wines are the most famous and sought after. The French government restricts the amount of wine each each producer is allowed to yield which immediately creates a supply and demand dynamic. The government restrictions on wine production were introduced by Napoleon III which remains virtually unchanged.
In 1855 Napoleon III requested France's wine brokers to come up with a system that would allow foreign visitors to be able to easily identify the Country's best wines. This is when the Official Bordeaux classification was born. Wines were ranked based on their importance, from First Growth to Fifth Growth. Wines that are First Growth are naturally more in demand as they are viewed as the best .
FINE WINE CRITICS
FINE WINE CRITICS
FINE WINE CRITICS
FINE WINE CRITICS
Website Privacy Policy
This is the Website Privacy Policy of Viticult LTD, the data controller responsible for your personal data (collectively referred to as “Viticult LTD”, “we”, “us”, or “our” in this privacy policy).
Contact Details:
Viticult LTD
35 Artillery Lane
London
United Kingdom
E1 7LP
Email: privacy@viticult.co.uk
OUR COMMITMENT TO YOU
We value your privacy and are committed to safeguarding your personal data. This privacy policy explains how we collect, use, and protect your information when you use our website.
Please read this policy carefully. It is designed to supplement, not override, any other notices or policies we may provide.
THE DATA WE COLLECT
We do not knowingly collect data from children or any special category data (e.g., health, racial or ethnic origin, political opinions, etc.).
We may collect the following personal data:
Use our contact formFirst name, Surname, Email address, Telephone numberContact form
Contact customer supportFirst name, Surname, Email address, Telephone numberTelephone or email
Sign up to our mailing listFirst name, Surname, Email addressEmail sign-up form
Request a valuationFirst name, Surname, Email address, Telephone numberRequest form
UnsubscribeFirst name, Surname, Email addressEmail request ("UNSUBSCRIBE")
HOW AND WHY WE PROCESS YOUR DATA
We process your data under the following legal bases:
Legitimate Interests
To provide you with the best service possible and improve user experience. We ensure that our interests do not override your rights and freedoms.
Consent
For email marketing and newsletter subscriptions. You can withdraw your consent at any time by contacting us.
PurposeData UsedLawful Basis
Responding to enquiriesName, Email, PhoneLegitimate Interests
Sending marketing emailsName, EmailConsent
Maintaining "do not contact" listsName, EmailLegitimate Interests
COOKIES
We use cookies to enhance site functionality and user experience. You can manage cookie settings in your browser. Some features may not function properly without cookies.
See our Cookie Policy for more details.
PURPOSE LIMITATION
We only use your personal data for the purposes outlined here, unless we reasonably consider another use to be compatible with the original purpose.
SHARING YOUR DATA
We may share your data with:
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Service providers that help us operate the website or deliver services (e.g., hosting, IT support), some of whom may be located outside the UK.
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Business successors in the case of a merger or acquisition.
All third parties are required to handle your data securely and lawfully. We do not permit them to use your data for their own purposes.
YOUR RIGHTS
Under UK GDPR, you have the following rights:
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Access – to request a copy of the data we hold on you.
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Correction – to request correction of inaccurate or incomplete data.
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Erasure – to ask us to delete your data when no longer necessary.
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Restriction – to limit the processing of your data in certain cases.
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Portability – to request transfer of your data to another service provider.
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Objection – to object to processing where we rely on legitimate interests.
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Withdraw consent – at any time, where processing is based on consent.
To exercise any of these rights, email: privacy@viticult.co.uk
INTERNATIONAL TRANSFERS
Some of our service providers may process your data outside the UK or EEA (e.g., in the USA). Where this occurs, we ensure appropriate safeguards are in place, such as standard contractual clauses or equivalent mechanisms to protect your data.
DATA RETENTION
We retain your personal data only for as long as necessary to fulfil the purposes for which it was collected, including legal, accounting, or reporting requirements.
In some cases, we may anonymise your data for research or statistical purposes, in which case we may use it indefinitely.
SUBJECT ACCESS REQUESTS
You may request access to your personal data at any time. We typically respond within one month. We may ask for identity verification to protect your data.
In cases of complex or excessive requests, we may charge a reasonable fee or extend our response time.
COMPLAINTS
If you have concerns about how we handle your personal data, please contact us first at info@viticult.co.uk.
You also have the right to complain to the UK supervisory authority:
Information Commissioner’s Office (ICO)
Wycliffe House, Water Lane, Wilmslow
Cheshire, SK9 5AF
Tel: 0303 123 1113
Website: www.ico.org.uk