Winetex
Austin, Texas
Master of Wine
Posts:10777
 | | 02/12/2008 9:05 PM |
| Luxury Giant LVMH Buys Top Spanish WineryNumanthia-Termes,
producer of some of the Toro region's best wines, is now under the same
roof as Château d'Yquem, Krug and Cloudy Bay
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Bradley Molzen
Bayonne, NJ
Wine Lover
Posts:4986
| | 02/12/2008 10:30 PM |
| | Wow... what do you think that'll do to the pricing? | |
If you drink wine, you get smarter.... | |
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Vine
Milwaukee, WI
Grape Fermenter
Posts:676
| | 02/13/2008 12:37 AM |
| | That's a good purchase for LVMH...not to mention it further legitimizes Toro and other lesser known regions of Spain as sources for truly world class wines. | | | |
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Winetex
Austin, Texas
Master of Wine
Posts:10777
| | 02/13/2008 8:30 AM |
| Wow... what do you think that'll do to the pricing?
It can't be good if you like lower prices. And Vine has a point on LMVH. I see what they are doing with Krug pricing and it doesn't bode well there. | | | |
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JimmyV
Central Connecticut
Wine Connoisseur
Posts:5107
| | 02/13/2008 9:30 AM |
| Posted By Bradley Molzen on 02/12/2008 10:30 PM
Wow... what do you think that'll do to the pricing?
I've never considered this to be a "luxury" producer. Certainly not in the same way Krug and d'Yquem are. But I have no doubt that they will now market these wines as Spanish luxury wines and will price them accordingly. | |
Beta testing a new signature. | |
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Bradley Molzen
Bayonne, NJ
Wine Lover
Posts:4986
| | 02/13/2008 9:36 AM |
| | I've always considered them great QPR wines... a yearly favorite to go out and find. But not sure I want to spend $45 for a Termes or $80 for a Toro. | |
If you drink wine, you get smarter.... | |
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jaimetown
DC area
Wine Bottler
Posts:3488
| | 02/13/2008 9:53 AM |
| | I would opt to drink Pintia or San Roman before drinking Numanthia - it does seem like an odd fit for LVMH though. | | | |
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Vine
Milwaukee, WI
Grape Fermenter
Posts:676
| | 02/14/2008 1:17 AM |
| Posted By Bradley Molzen on 02/13/2008 9:36 AM
I've always considered them great QPR wines... a yearly favorite to go out and find. But not sure I want to spend $45 for a Termes or $80 for a Toro.
Agreed. At $20-$25 and $45-$55 respectively. both the Termes and Numanthia are clear buys...but were they to increase to the prices you describe I will no longer purchase after 2005.
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love_cab_chard
Master of Wine
Posts:12485
| | 02/14/2008 1:53 PM |
| | Vine beat me to this post. Exactly my feelings about it. | | | |
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Bradley Molzen
Bayonne, NJ
Wine Lover
Posts:4986
| | 02/14/2008 2:33 PM |
| | I was just making those prices up... but the point you make Vine is certainly the same as mine.... any big increase, and they've lost a few customers | |
If you drink wine, you get smarter.... | |
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Rigga
Grape Sorter
Posts:288
| | 02/15/2008 11:53 PM |
| Oh well, time to find something else to to replace it with. i can imagine prices will nearly double over the next couple of vintages. I'm constantly on the lookout for great wines priced at $50 or less to enjoy whenever I feel like popping a cork guilt free, I've got enough $100+ bottles already in my cellar.
I'd be qurious to learn what impact, if any, this will have on Jorge Ordonez, the importer to the US. I think he'll end up on the short end of the stick. An obvious part of the wines appeal was the QPR. With the buyout that will disappear quickly | | | |
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