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The Fine Wine market has proved to be one of the most exciting investment opportunities over recent years and the demand for vintage wines has never been higher as more people seek to diversify their portfolios or simply drink great wine.
Bancroft Wines has an extensive cellar of vintage clarets and many other wines available for immediate delivery to you. Our prices are consistently amongst the most competitive on the market and we rigorously check the provenance of all wines we buy on the occasions that they do not come direct from the original chateau/estate.
Our team is always happy to advise you on your buying strategy and we have an increasing amount of customers setting up standing order accounts with us in order to build a wine portfolio both for drinking and investment. Please contact the Fine Wine Team should you wish to hear more about our portfolio services.
Bancroft Wines are always interested in buying Fine Wine. Provided provenance can be established and the wine has been cellared in proper conditions, we will make an offer for your wine. Once the wine has been received and inspected, payment will be made to you by cheque or bank transfer. Please contact James Ceppi di Lecco for details.
The term Fine Wine has been coined to describe wines which are a cut above the ordinary. They are selected from the best grapes in the best vineyards and are thus usually made in small quantities. The vineyard sites selected for the production of fine wines are usually the best in the region, and thus command high prices. The costs incurred by the labour intensive viticultural and winemaking practices, coupled with the high set-up costs, tight selection and small production, inevitably mean high prices, and most fine wines fall into the premium or super-premium price bracket. However, the wines can only command these high prices if the quality lives up to the buyer’s expectations, so it is a small market which only the best producers are able to tap in to.
Some wines have always been praised more than others because of their quality and reputation. As tastes change and fashions come and go, many wines and regions have waxed and waned over the centuries, but there are some that can rightly claim to have a long and illustrious history in producing the best wines, drunk by the most important people of the age. Such regions as Champagne and Burgundy were beloved by the Kings of France and the wines of Bordeaux were drunk in the Royal circles of the Kings of England. It is regions such as these who can rightly claim to have invented Fine Wine, even if they did not use the term, and the development of the classification of different wines and villages according to their quality has helped to cement their reputations.
The most famous such classification took place in 1855 and is known as the Classification of Médoc and Graves. This was the first systematic attempt to define the differences between the Chateaux of Bordeaux and categorise them into levels of quality. So successful was this classification, that it remains unchanged today, though as many of the Chateaux have gone up or down in terms of quality over the last 150 years, it is not always as accurate as it might be. Now known as the Classed Growths, the wines that feature in this list have always been able to command higher prices than those of other Chateaux and can thus probably be described as the first Fine Wines.
The classification of 1855 was restricted to the ‘left-bank’ – Médoc, Graves and Sauternes-Barsac. The classification of St-Emilion did not occur until 100 years later, and unlike the left-bank, the wines in the St-Emilion classification are continually re-assessed for quality and wines can be promoted or demoted as seen fit by their peers.
Whilst the Burgundians also produced their own system of classification, based on the vineyards quality potential, rather than on the individual domaines, no other country or region has produced a similarly sophisticated classification.