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                 Sydney Time

  

            

           Copyright © Ric Einstein 2008

 

 

As the name suggests, this section is devoted to left over bits of information and comments that don't warrant a complete story of their own. It will up updated whenever the need takes place.

 

 

 

Readers Feedback on There Is Still One Born Every Minute

 

There was a good deal of feedback on last week's feature article, There Is Still One Born Every Minute, it seems like this is a hot topic with wine lovers.

Martin Edwards from Queensland, who knows a thing of two about running businesses, said, “I would suggest that you send your article to both ASIC and ACCC....ASIC because I doubt they have a Financial Advisers license and IMO are possibly providing investment advice in breach of the MIA and the ACCC because they may be making false representations in breach of the TPA.”

The email from Adam Catford was most entertaining. Adam said, ”When I was working in the finance industry, in order to warn gullible folk of the possibility of being ‘snagged’ the Aust. Securities Comm. placed an advert in the Aust Financial Review stating there was an investment plan that would guarantee 40% returns etc if people sent $3,000 with the coupon to them. They received thousands of replies & promptly returned the money saying – you are a likely ‘sucker’ – as this after months of scams being uncovered on TV & papers with many warnings being posted everywhere!!

I had Heritage and Orb at me, as I am sure many people did – one rep very proudly told me he could get a case of 1999 Grange at $600 a bottle, I said I got mine (couple of bottles) for - $430 odd….silence……’where from..’ came the reply!!

Amazing what desperate people will believe!!”


And another e-mail from Campbell Mattinson who just happens to be writing a book called
The Great Wine Investment Meltdown. The book is aimed primarily at those contemplating an investment in wine, so in some ways it's aimed at the investment market, (whatever that means.) He said, "I still get emails from people thinking of investing in wine, and they've never heard of Heritage ... this is the "Personal Investor" era, the era of self-funded retirement and DIY superannuation ... which goes a long way to explaining how these schemes get off the ground. People with big payouts/lump sum super suddenly looking for places to park the money.
 

I'd also like the wine market to find the book interesting even if they KNOW that wine investment is STUPID to its very roots, which I guess would come down to how well I write it.

I've been taking a keen look at Australian portfolio Wines ... that website of there's and the offer they emailed out to you is breathtaking in its audacity ... in light of what's happening with Heritage at the moment you'd think they'd tone it down a bit ... amazing.”

 

Campbell would love to hear from anyone who's had any direct experience with wine investment, good or bad, from any side of the fence.

Sean English was not backward with his feelings either. “I have long held the view that being immersed knee deep, in a tub of their own excrement - upside down - is a suitable punishment for wine investors. I base this on the feeling that such behavior (ie "wine investing") serves to push up the price of wines that I would like to afford to drink. Wine should be to drink, not a chattel traded by investors, who perhaps wouldn't know good wine if they were swimming in it. As such, my sympathy for those who lose their investment money is limited.

Conversely, I am massively sorry for those who may have bought in believing that they would actually be able to source, and consume, good wine at good prices. This is certainly implied on the APW website.

A couple of other points I note;

1) On the "latest offers" page, there is mention of "Prerelease allocations and barrique format", on a page also referring to Grange and HoG. Does this seem to imply that they have access to these wines in such format? It is not stated as such, but I saw an implication, and seriously doubt that such a deal exists.

2) The Report on Earnings page shows "returns" on wines (prior to GST and WET deductions), with wine from only 6 (yes, six) producers. Does this appear to be a "balanced portfolio"? Surely even a novice could put this portfolio together.

I guess there will always be suckers born, and plenty of people to take them. If they are unwise enough to lose their money on a gamble, which would (if successful) seriously impact upon the pleasure of you, me, and probably all of your readers, then my sympathy is minimal. For those who believe that these schemes offer them a chance to build their own cellar, caution is the best approach.”


An e-mail from Carolyn F said “I was approached by Heritage Wines around 2001 and I said no. I am glad I did. Have you heard of Adrian Reid - he's the one I was talking to. A few years later I met him at a party. He seems very nice. Anyway, he's back in touch with me and has got me to buy 6 bottles of Will Taylor Riesling. It's 2001 Clare Valley. Heard of it?”

Finally, this one liner came from Tony Free, “Rather amusingly, their office is in "Bent" St!”

 

 

Readers Feedback on ‘Twas a Black Day

 

In this instance, as much of the feedback was virtually identical so I have selected a small number of responses that cover the most salient points made.

 

In the past I have called Adair Dury a Rockford fanatic, based on the stocks of some vintages he has purchased, and his propensity, whilst on business trips, to go from Adelaide to the Barossa with the primary motive of paying a visit to Rockford: so it was quite interesting, to receive his thoughts.

 

"Great article about Sparkling Shiraz closures. It is a topic that I suspect will interest many people but which does not get much comment. With regard to Rockford, for a company that professes to value customer loyalty so greatly, it is amazing how much negative comment I hear about their practices, with their sparkling Shiraz closures always high on the list (typically with their white wine closures not far behind)."

 

 

The following e-mail was from Frank McEwen and summed up the thoughts of virtually every other bit of feedback on this topic.

 

"I Read this and agree. I have had a number of failures with Black Shiraz being flat and so have my friends. We had already adopted the tactic of drinking through the back-stocks and not keeping them before those annoying comments from O'Callaghan in the last Rockford Rag was made. Why annoying? Because Rockford cellar staff had told me and others over the years the wine would keep for yonks and implied we were barbarians drinking it within 3 years. I'd rather have everything under crown or screwcap and also want the choice ta thanks.

It gets better.

Following Rocky's diatribe in the second last Rag about synthetic closures being unproved yadda yadda... imagine my surprise when I find the Rockford Fronty and Alicante Bouchet with horrid plastic corks! So much for consistency in their position. I really hate these things as they are inferior:

1) they stick. I have destroyed a few cork screws with stuck plastic corks. In one case I had to break the neck of the bottle.

2) they appear to have industrial grit added - I had one corkscrew that was ground down by the plastic cork - you could see the metal filings coming off. This was an expensive German high grade steel corkscrew that I had for 20+ years - ground down until it was useless opening 2 bottles.
The grit variant of plastic cork is great at stripping off the Teflon coatings used on some corkscrew brand like Screwpull(? think that's the brand). I should add that I have not specifically had the grit problem with Rockford plastic corks - there must be all sorts of formulations for these awful things. However I have had the sticking problem and needed considerable strength and various cork removal devices to get plastic corks out a couple of times. They can even defeat the two metal prong type of cork remover.

3) They don't seal consistently. I've had oxidised wines on a number of occasions.


4) Not exactly environmentally friendly - but do try putting a match to one - quite spectacular.

5) Penfolds extensively researched these and rejected them

6) They are a cheapo alternative for comparatively expensive corks that allow current bottling machinery to be used (unlike screwcap).

 

I also note (for no reason other than irony) that the base wine for Campari is Alicante Bouchet and that Campari is sealed with a screwcap.

Finally, in fairness, I'd like to note that I've had a few screwcap-type failures that have caused leakages too.

Anyway, I don't imagine my comments would dissuade them from their current practices.

 

Rockford Responds: I emailed David Kalleske, the General Manager of Rockford and provided him with an advanced copy of this feedback and asked if the winery would like to comment. His response was as follows, "I had read your article on sparkling corks but have not yet had an opportunity to discuss it in detail with Robert ( I don't think he has seen it as yet).

 

Will be in touch soon."
 

TORB's Comment: That article was published two weeks ago and the winery obviously doesn't think it is a high enough priority for someone to stick the article under Roberts nose, so I think I now understand the priority this issue has with the winery. Perhaps Rockford should listen to their customers on this one, because based on the feedback I have received, they have botched this one badly. 

 

Readers Feedback to They All Taste The Sameat a

 

The first comment came from Campbell Mattinson from Wine Front Monthly. Campbell wrote "Many of the best Australian shiraz wines I tasted last year came from Beechworth, the Yarra Valley, Geelong, Canberra, the Hunter Valley, Sunbury, Henty, Great Southern and the Grampians. I'm talking people like Castagna, Clonakilla, de Bortoli, By Farr, Oakridge, Howard Park, Craiglee, Yering Station, Thomas Kiss, Meerea Park, Mount Pleasant, De Ireys, Seppelt, Battely, and Giaconda.  Within the limits of regional and vintage similarities, these wines taste vastly different from one another. There's nothing samey about that lot. I think that the traditional wine press IS all over the sameness of many Barossa and McLaren Vale shiraz wines, and shows it by promotion of the likes of the above. It's also why wines like Godolphin and Deisen Winter Sun get a good run - because they're not only beautiful examples of south Australian red wine, but because they taste different. "

 

A slightly differing view point  from Murray in New Zealand who wrote "Once again, a good article. I congratulate you. However, if you keep producing articles like this I'll have to go elsewhere - I agree too much! There's no fun in that.

In your last article you asked/said
'Once the industry backs of the overuse of coffee-laden oak, and improves their viticultural practises, our wines will show more of their own native character, have better complexity; and most importantly, diversity of flavour will improve. Why haven’t the wine press been all over this one? I don’t know! Many of the wine press are show judges, and surely they should be noticing the problem when they are judging wines at the shows.'

Simply because they have a vested interest. I don't mean financial, but they are in competition with Parker (who likes a substantial oak "backing", n'est pas?), as well as with palate daze - only the most obvious - pungent - wines really stand out when you judge 100 in the morning and 100 in the arvo."

 

The man that ran the tasting also had something to say about it. Andrew Sutherland-Smith said, "The tasting was of basically big ballsy shiraz from what's generally regarded as a riper year. Some leaner more perfumed styles were excluded because they were thought to have been swamped by the riper wines. Wasn't the case though as the double oaked Browns wine stood up to it pretty well, though that wasn't the mocha and coffee bean character I see in the AP Johns oak.

I see that same character ( I call it expresso) as a function of deep red soils ..a la Barossa ,Heathcote and even the better parts of Rutherglen. to me its terroir, not a function of over-ripe fruit or heavy hands with the oak.

Very much this tasting was of a style we all liked (so its no surprise to a point that they all taste the same).....though it did show some wines with over-ripe blackberry pruney porty dried fruit characters."


I am not sure I agree with one of Andrews comments entirely. Whilst some soils may possibly be able to contribute expresso  characters, why are wines suddenly swamped by them?

 

 

So How Good are the Wines from the Yarra Valley?

 

I recently spent time in the Yarra Valley with friends and visited a number of the local wineries. The full details can be found in this Tour Diary. Whilst the Yarra has never been my favourite area, there is absolutely no doubt they makes some excellent Cabernet and some of Australia’s better Pinot. Although my expectation for finding a lot of high-quality, well-priced wines in the Yarra were not high, I still managed to come away from this trip feeling disappointed in my success, or in this case, lack thereof.

 

When I go to the Yarra, I have enough experience and nous to know that I'm not going to find big-blockbuster wines, nor am I expecting them; what I am expecting are elegant wines, which are clean, well-made, well-balanced and ripe. It is with this in mind that I tasted the wines.

 

In the last issue of the Wine Advocate, on the Yarra Valley, Robert Parker said, "This is Australia's most fashionable viticultural area as well as the Darling of their wine press. Its proponents (the provincial Australian wine press) argue that the climate and resulting wines come closest in spirit to those of Bordeaux and Burgundy in France. I'm not convinced. Located in Victoria, this is a cool-climate area outside Melbourne, and every major red and white glamour varietal is planted, from Cabernet Sauvignon, Merlot and Pinot Noir to Chardonnay, Riesling and Gewürztraminer. There is much more "sizzle" than substance for most wines from Yarra Valley."

 

If Robert Parker tasted the calibre of wines that I tasted, to a great extent I'm not surprised with his comments. In my case, although I only tasted 28 wines on this visit, and whilst I'm fully prepared to admit that this may not be a representative sample, I have tasted a lot more than that previously. In this latest experience, of the wines I tried, 28% of them were rated as Agreeable or lower, 54% were rated as Recommended and 18% were rated as Highly Recommended. To some extent, what is even more concerning is the lack of value found. Only one wine tasted rated **** for value. Over one third of them only scored ** for value.

 

These numbers speak for themselves, and I cannot ever remember tasting such a high proportion of either ordinary, and/or poor value wines; in any line up.

 

Yes, the Yarra Valley does have an excellent reputation but for the life of me I don't understand why. The first question I asked myself is how many high quality wineries are there in the region? According to Halliday's latest wine companion, there are currently hundred and twelve wineries in the district; and rather than inflicting my opinion on how many of these wineries are really good, I will let readers contemplate this question themselves, and come up with their own answer. My bet is it's not going to be a very high percentage. The second question I would ask myself, is how many of the wineries in the region consistently produce good quality wine? Once again, I will let readers think about the answer and come to their own conclusions.

 

Let's face it; it's rare to find really good wine that is inexpensive, so the fact that there is not a lot of this available in the Yarra Valley is almost business as usual. However, that does not explain why so many of the wineries have got delusions of adequacy in relation to the value of their products.

 

In some regards, the Yarra Valley and the Hunter Valley have the same foundation stone that enables them to survive economically, where any other areas that tried to pull off the same stunt would die a slow and agonising financial death. That foundation stone, of course, is the proximity to a major capital city and the area's ability to deliver tourists that don't necessarily know a lot about wine, but are not afraid to spend money.

 

On the positive side, in the $20-$30 price bracket there were some quite respectable Pinot Noir to be found. There are also some wineries with very pleasant vistas that are well set-up and are capable of serving an enjoyable lunch. And of course, I have a couple of good friends that live there so it's always a good excuse to visit the area.

 

 

Why Junkets Work

 

As rational as people may be, when they are flown halfway round the world at someone else's expense, have their accommodation and meals paid for, are entertained, and then receive presentations by their guests, it would be extremely difficult not to be impressed with what you are being told. After all, the people who are doing the talking are no longer just casual business acquaintances; they are your hosts, you are their guest, and the chances are, a bond and between host and guest, has started to develop.

 

Some members of the cork industry are extremely proficient at using junkets to create their own “cork champions” or if I wanted to be harsh, I would call them shills.

 

To see the latest result, you need look no further than Robin Garr, the man behind The Wine Lovers Community Discussion Forum (known as WLDG) and The Wine Lovers Page.

 

Prior to the trip, the story starts off with Robin stating, “I've never been one of the most ardent defenders of the natural cork, and I've rarely been loath to say so.” Robin goes onto say “So it's with mixed emotions that I leave Friday for a trip to Portugal as the guest of Amorim, the largest producer of quality natural corks for the wine industry. I'll spend a week touring the Amorim facilities, visiting the Porguguese cork forests, and, to my great pleasure, dropping in on a few historic Port houses for visits and tasting. And, in the spirit of full disclosure, I will undertake this trip - and I'm sure will be wined and dined very nicely indeed - at Amorim's expense.”

 

By the time Robin returned to the US after his trip to Portugal, his attitude towards cork has changed. This article posted on his Wine Lovers Page almost looks like it could be a press release written by the cork company, but then they did pay for the trip so it would probably be rude to say anything negative about them. But it goes further.

 

Someone called Walt started a thread titled “Interesting Comments from a Winemaker.” In that post Walt said “Took a private tour of a winery in Virginia over the holiday season.  It was a great tour as the owner/winemaker spent 45 minutes discussing with me how all the equipment works, corks, wine styles, malo, ripeness, vinifera vs hybrids and why he makes so many sweet silly wines…..First, he says that the problem with corks will soon disappear and the answer will be NATURAL CORKS.  He claims the artificial cork industry is buried in lawsuits and most will die from this situation.  He also said that the screw caps have some problems of their own and result in a higher % of defective bottles than TCA.  This along with the lack of "romance" will eventually reduce the use of screw caps.  The final comment was that the cork industry has made significant strides in eliminating TCA and over the next few years it will be all but eliminated.  I certainly do not know if this is true but certainly would seem to make sense.  I find it hard to believe that we cannot eliminate a silly little bacteria.”

 

Now if I was completely cynical, I would possibly think that post was a Dorothy Dix but that would just be idle speculation so I won’t infer it. However, it is worth reading the thread and paying particular attention to Robin Garr’s pro cork comments. From my perspective, in response, a few facts are worth mentioning.

 

Firstly, just to repeat on point stated in the thread, Amorin is only one producer, and when you buy a bottle of wine you no idea of a brand of the cork used., so even if you believe Amorin’s claims, it's still playing Russian (cork taint) Roulette.

 

Secondly, these sorts of things have been promised before. On the 12th of November 2003, an article titled “What Chance Do We Have?” was published on Robin Garr's own site (it was also placed on TORBWine; I was the author of the article.)  The first paragraph of the article reads as follows “A few years ago respected Australia wine professional, James Halliday (as the guest of the cork industry) took a trip to Portugal to investigate current events. Halliday stated that prior to the trip he was very sceptical about the claimed advances being made by the cork manufacturers. However after the trip he had some very positive comments about the improvements being made.”

 

Does this look surprisingly familiar, possibly something else you've read very recently?

 

The cork industry have been promising to clean up their act and get rid of TCA for years, and I for one, will not believe it until I see the results. The opponents of screw cap regularly call for “proof” about that closure’s abilities, and what is good for the goose is good for the gander. It's now time for the cork industry as a whole, not just one isolated company, to supply independent proof of the claims they are making.

 

Third, even if cork taint is reduced or eliminated, the problem of random oxidisation is still a very real one and needs to be addressed.

 

For the record, I am not pro Stelvin or anti cork; I just want a seal that is not going to mess with the contents of the bottle.

 

Finally, if junkets did not achieve the objectives of the sponsoring organisation, they wouldn't bother doing them. Comments made by commentators that do not have vested interests, or who have not been seduced into believing the marketing departments unconfirmed claims by free junkets, have far more credibility. 

 

 

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