“The London-based investment company turning into Gold!” Luxury Lifestyle Magazine

“Fine wine has remained an outstanding option with annual growth of up to 75% for the year’s top performing .” UK Investor Magazine

“If you had invested in fine wine this year, you could relax knowing that no matter what the markets were doing your investment was increasing in value” Hedge Magazine

FINE WINE INVESTMENT FIRM OF THE YEAR EUROPE GLOBAL BANKING & FINANCE AWARDS 2019 & 2020 CONTENTS

Page 05. Welcome To OenoFuture Page 06. WHAT IS EN PRIMEUR? Page 10. AUSTRALIA Page 10. Penfolds Page 13. BORDEAUX Page 13. Liber Pater Page 14. Chateau Margaux Page 14. Chateau Mouton- Page 15. BURGUNDY Page 15. Domaine de la Romanée-Conti Page 16. Louis Jadot Page 16. Remoissenet Père & Fils Page 18. CALIFORNIA Page 18. Screaming Eagle Page 19. Opus One Page 19. Harlan Estate Page 20. Vérité Page 20. Cardinale Page 22. Page 23. Krug Page 24. CHILE Page 24. Seña Page 25. LEBANON Page 25. Chateau Belle-Vue Page 26. Page 26. Giacomo Conterno Page 29. SPAIN Page 29. Artadi Page 30. Page 30. Page 33. Masseto Page 33. Fattorie dei Dolfi Page 34. VENETO Page 34. Quintarelli Giuseppe

2 _ OENO WELCOME TO OENOFUTURE “Our vision at OenoFuture is to open the door to the world of fine wine to ev- eryone, not just industry insiders and wine experts. From its early beginnings in 2015, OenoFuture has carved out a niche for providing market-leading in- vestment services to those looking to enter the inspirational but sometimes mysterious world of fine wine.

Against a backdrop of global economic uncertainty, fine wine offers a safe ha- ven for investors looking to diversify their portfolios especially at this time. Financially speaking, 2020 has been one of the most fragile years in recent memory. Investments across the board have been shaken by the global pan- demic, while Brexit, unrest in the Far East and a US general election have also weighed in on the global political and economic landscape.

Despite the devastating impact of the Covid-19 crisis, the silver lining for our investors has been seeing first hand how resilient the fine wine market is. Wine has historically performed well during uncertain times, with the Knight Frank Fine Wine Icons Index showing 120% growth over the last decade.

This long term stability is matched by impressive performance even during a major global crisis like the Covid-19 pandemic. While other investment classes have shown dramatic volatility across 2020, wine sales remained rela- tively stable. The Liv-ex 100 has not only outperformed the Hang Seng, the FTSE100 and the DAX across the whole of 2020, but also remained far more stable throughout the year. All other indices showed huge troughs early in the year, albeit recovering strongly in line with vaccine development. As the world starts its long, slow recovery from the pandemic, fine wine is in a good place as a stable and resilient alternative to more traditional investment types.

Within these pages we invite you to discover a selection of the world’s best performing which demonstrate the exceptional potential of the fine wine market. From Australia and California to Bordeaux and Burgundy, the fine wines of the world offer a truly unique investment opportunity as well as the chance to taste some of the finest bottlings on the planet.”

Daniel Walker, OenoFuture Head of Investment

4 _ OENO OENO _5 WHAT IS EN PRIMEUR? The French term “En Primeur” is usually translated as “wine futures”. Purchas- ing En Primeur means you’re buying the wine while it’s still in the barrel and has yet to be bottled and released. Wines bought in this way are usually bottled and released two to three years following the .

BENEFITS OF BUYING WINE EN PRIMEUR > En Primeur often offers buyers to get in at the lowest market price for their chosen wine, giving them an edge over those who buy in later.

> En Primeur is also a way for collectors and investors to secure wines that are rare and difficult to source after their general release to the market.

> Another advantage is that wines sold En Primeur are purchased in bond, meaning that the buyer does not pay VAT or duty as long as they remain stored at the or at bonded warehouses. This means investors have less initial outlay than if they choose to purchase wines via auction or other means that are not stored in bonded warehouses.

> Guaranteed provenance is a key benefit of buying En Primeur as the wines are coming directly from the winery where they will have been stored in optimum conditions. This is why buying En Primeur is often viewed as a safer option than other methods of sourcing fine wines like auctions or private sales.

6 _ OENO Buying into En Primeur doesn’t necessarily mean you’ll have to wait years for a return either, as prices can increase drastically even before bottling as a result of excellent critic reviews. As with any investment, there is no guarantee that prices of En Primeur wines will rise, but this way of buying wines offers an opportunity to get in ahead of the crowd and can be an extremely attractive venture thanks to high potential profit margins.

> MISCHIEF & MAYHEM Mischief & Mayhem was founded in 2003 by Michael and Fiona Ragg who were drawn to the pretty village of Aloxe-Corton by a burning passion for wine and for the charming Burgundy region. Michael worked for the Berry Bros & Rudd wine merchants in London for a decade before deciding to turn his hand to . Thanks to their combined negociant and domaine approach, the Mischief & Mayhem portfolio is diverse, offering everything from stunning AOC Bourgogne and through to their outstanding Grand Crus from Corton-Charlemagne and Clos de la Roche.

> DOMAINE ALAIN BURGUET Alain Burguet was born into a winemaking family and from a young age he was set to work along with his brother in his father’s in Gevrey. Domaine Alain Burguet & Fils is unusual in Burgundy for being created from scratch since most domaines in the region have their roots in generous inheritances or fortuitous marriages. In recent years Alain has taken a back seat with his sons, Jean-Luc and Eric, taking over the running of the domaine from the 2011 vintage.

> DOMAINE DES BEAUMONT Under the talented leadership of Thierry Beaumont his namesake family domaine has been transformed from a modest under-the-radar producer to a hidden gem amongst Burgundy collectors. Thierry’s family have been involved in for at least seven generations and the current 5.5 hectares of vines are a patchwork of prime plots pieced together from aunts, grandparents, and parents in the two most famed winemaking villages of the Cote de Nuits, Morey-Saint-Denis and Gevrey-Chambertin.

OENO _9 AUSTRALIA

Wine production was introduced to Australia in 1836 when John Barton Hack planted the first vines in North Adelaide. A few years later a case of his wine became the very first to be sent to Queen Victoria in England. The Barossa Valley is probably Australia’s best known region for fine wines thanks to the impressive concentration of 100-year old Shiraz vines. Australia’s fine wines have shown strong performance over the past 5 years with Liv-Ex showing 36% growth for the Rest of the World Index. Top performers include Penfolds, Henshcke, and up-and-coming producers like Hickinbotham.

One of Australia’s oldest and most prestigious wineries, Penfolds was founded in 1844 by English physician Christopher Rawson Penfold and his wife Mary. The resourceful couple obtained top quality vine cuttings from France which they took with them on the long journey to Australia.

Penfolds’ iconic Shiraz wine, the Grange, burst onto the fine wine scene in the 1960s following years of secret experimentation by Chief Winemaker Max Schubert. Over the years Grange has earned a slew of top scores in the high 90s and perfect 100-point scores from Robert Parker’s Wine Advocate for the 2008 and 2013 . Penfolds Grange 2008 Penfolds is also known for its strong tradition of “bin wines” which began in 1959 with the Kalimna Bin 28. One of Penfolds’ most exciting recent releases is the Bin 111a, the estate’s first Special Bin release in nearly a decade, which has Up 24.3% already been awarded 100 points by Robert Parker’s Wine Advocate. over 1 year >

10 _ OENO BORDEAUX

Bordeaux remains the undisputed cornerstone of the fine wine world with a wealth of prestigious chateaus and estates whose wines enjoy high demand from all corners of the globe. Wine has been traded in Bordeaux since the 12th cen- tury and the region is traditionally divided into two broad areas, the Left Bank and Right Bank, with their own distinctive climatic conditions and soil composi- tion. thrives on the gravelly soils of the Left Bank, produc- ing powerful and well-structured reds which can age for decades, while the Right Bank is better suited to and tends to produce richer and softer wines. Bordeaux currently accounts for over half of the wine traded on the Liv-Ex trad- ing platform by value and has enjoyed growth of 40% over the past 5 years.

Bordeaux has a reputation for being liberally sprinkled with prestigious estates producing stellar wines with price tags to match, but there is one estate that stands out from all the others. Named after the ancient Roman god of viticulture, Liber Pater is a small boutique winery in Graves which only began production in 2006 and labels its wines simply as “Vin de France”. So, how is it that Liber Pater has rapidly developed a cult following as Bordeaux’s finest producer? The answer lies in maverick winemaker and owner Loic Pasquet.

His inspirational dedication to reviving forgotten Bordeaux varietals like Marse- lan, Tarney Coulant, and Castet and laser-like focus on quality produces excep- tional wines which frequently receive ratings in the mid-90s by top wine critics. Liber Pater Since Loic produces miniscule quantities of his Liber Pater wines each year, they Rouge 2007 are incredibly rare and difficult to get hold. Approximately 2400 bottles of the Liber Pater red are made each year depending on the along with 300 bottles each of Pasquet’s delicious -fermented white and sweet . Up 28.4% over 1 year Depending on the vintage, Pasquet’s iconic Liber Pater red is designed to mature and age for decades in the cellar before reaching optimum maturity. >

OENO _13 BURGUNDY

Beloved by Thomas Jefferson and blessed with the prestigious rank of Premier Cru or by the 1855 Classification, Chateau Margaux is one of the most famous producers in the fine wine world. The estate’s winemaking his- tory dates at least as far back as the 16th century, although it wasn’t until the 1700s that it began to earn its elite status. The 1771 vintage was the very first “claret” or red to feature in a Christie’s catalogue.

Today Chateau Margaux is owned by Corinne Mentzelopoulos and consistent- ly makes the finest wines found anywhere in the Médoc, with an enviable abil- Burgundy has a reputation as the darling of the fine wine world thanks to the ity to produce excellent wines even in more difficult years. Like many wines of region’s sheer complexity of and winemaking prowess which produce Chateau the Left Bank, these are densely-structured, perfumed and powerful red wines some of the most captivating and expensive wines on the planet. Burgundy tends Margaux 2015 which are made to age for decades. to be home to more smaller artisanal producers. This greatly reduces yields and means that many of Burgundy’s finest wines are produced in tiny quantities and are extremely rare. Over the past five years the Liv-Ex Burgundy 150 index has Up Unsurprisingly, their exceptional character has repeatedly captured the atten- 132.4% shown exceptional growth of 88%. over 5 years tion of the world’s top wine critics; Robert Parker awarded 100 points to the legendary 1900, 1990, 1996, and 2000 vintages, while the 2016 vintage was awarded 99 points by Wine Enthusiast. >

Easily the most famous producer of fine wine, Domaine de la Romanée-Conti crafts some of the most coveted and expensive bottles on the planet. Frequently referred to simply as “DRC”, the domaine boasts 25 hectares of Grand Cru vine- yards, including the legendary La Romanée Conti and La Tâche plots.

Chateau Mouton Rothschild has been under vine since the early 18th century Today the domaine is joint owned by the de Villaine and Roch families and is and was purchased by the current owners, the , in 1853. One run by Aubert de Villaine and Henri-Frederic Roch. DRC’s philosophy is cen- of the estate’s most visionary owners was Baron Philippe de Rothschild who tred on producing tiny yields of exceptional quality grapes which are treated instigated Mouton Rothschild’s striking tradition of selecting a different artist with a very light touch in the winery. to design the label for each vintage. Romanée-Conti Grand Cru is the domaine’s flagship wine which repeatedly re- The estate’s Grand Vin is frequently described as “flamboyant” thanks to the ceives perfect scores from international wine media; the 2016 and 2015 vintage sheer opulence and power of its bold flavour profile and structure. These are received 100 points from Robert Parker’s Wine Advocate. Other top wines in- Domaine de la Chateau Mouton iconic wines which perform extremely well in the cellar and are highly sought- clude La Tâche, Richebourg, and Grands Echezeaux. Romanée-Conti Rothschild 2013 after all over the globe by wine collectors and investors. Echezeaux 2010

Chateau Mouton Rothschild frequently achieves top scores from famed inter- Up 72.4% national wine critics; the 2016 vintage scored a perfect 100 points from Robert 231.86% over 5 years Parker’s and 99 points from Wine Enthusiast. over 5 years > >

14 _ OENO Maison Louis Jadot was founded in 1859 and currently owns 60 hectares of prime premier and grand cru vineyards across Burgundy. The house has one of the region’s most respected winemakers at the helm, Jacques Lardière, who has taken care of their wines since the 1970s.

After selecting top quality healthy grapes, Lardière’s approach in the winery is to allow the wine to guide its own course as much as possible. During the maturation process a third new oak barrels are used to allow the pure character Domaine Louis of the grapes to shine through. Jadot Chapelle Chambertin 2015 Maison Louis Jadot has a broad portfolio of wines drawn from across a wide range of appellations. Highlights include their Le Montrachet, Echezeaux, and 99.7% Clos de Bèze Grand Crus as well as a host of top vineyards in Chassagne- over 4 years Montrachet, Corton, and Puligny-Montrachet. >

Remoissenet Pere & Fils was founded in 1877 and is housed in a charming 14th century building in Beaune. For 30 years the domaine was under the vi- brant leadership of Roland Remoissenet who was described as “one of the most dashing” Burgundy winemakers by top wine critic Robert Parker.

In more recent years the domaine has blossomed under the management of Bernard Répolt who is the former president of Louis Jadot and a legendary figure in Burgundy. There has been significant investment in the cellars and the domaine’s prime holdings are continually being added to. Remoissenet Père et Fils One truly unique feature of Remoissenet Pere & Fils is the domaine’s extensive Chambertin Clos de Beze 2014 library of wines dating back to the 1950s, 60s and 70s. This is extremely rare in Burgundy as most producers are required to sell their entire annual produc- tion to finance the next year’s vintage and are able to keep very little stock of Up 95.2% back vintages in their cellars. This collection represents an incredibly excit- over 5 years ing opportunity for collectors and admirers of well-matured Burgundy which tends to be sold for reasonable prices. >

16 _ OENO CALIFORNIA

Another of California’s most coveted wines, Opus One was founded in 1979 as a joint venture between legendary local winemaker and Baron Philippe de Rothschild. Out of this collaboration came a singular wine which combines both time-honed French winemaking expertise and the energy and vision of the New World.

After 40 years of exceptional winemaking, Opus One has earned a place in the hearts of collectors and enthusiasts around the globe. The namesake flagship wine is made from the estate’s finest quality fruit which ages in French oak bar- rels for 18 months. Then follows another 18 months of bottle ageing before it is California shot onto the global wine stage following the famous 1976 Judge- deemed ready for release. ment of Paris blind tasting in Paris. This contest pitted several Napa Valley Cabernet Sauvignons against top Bordeaux from the likes of Chateau Haut- On the international market the wine receives a hero’s welcome with each new Opus One Brion and Chateau Mouton-Rothschild. To the surprise of the vintage that is released. Consistently ranked in the mid-90s by the international 1990 experts judging the competition, Stag’s Leap Cabernet from Napa was the wine media, Opus One is the most searched-for wine on the American market highest scoring red and Chateau Montelena’s Chardonnay took first place for and commands a very strong secondary market. the whites. Today the region is liberally studded with top wineries like Opus 117.8% One, Harlan Estates, and Screaming Eagle. Over the past five years Californian over 4 years fine wine has enjoyed growth of 70% and is considered one of the world’s most exciting regions for future investment potential. >

Founded in 1984, from its very beginnings Harlan has sought to be a Bordeaux- style “First Growth” estate in the heart of Napa Valley. The property occupies a stunning setting on the rolling hills of western Oakville where the vineyards rise up to 1225 feet above sea level. One of the original Californian cult wines, Screaming Eagle was founded in 1986 when former Napa Valley realtor Jean Philips purchased and replanted This charming setting provides the perfect conditions for producing top qual- the property. After a spate of selling grapes to her neighbours, in 1992 Philips ity Cabernet Sauvignon and Merlot-based wines which combine power with el- brought on board top local winemaker Heidi Peterson Barrett and released the egance and an enchanting air of Old World sophistication. In the words of famed estate’s first wines to critical acclaim. American wine critic Robert Parker, “Harlan Estate might be the single most profound made not just in California, but in the world”. The estate currently produces just 500 cases a year which are sold through a Screaming Extremely limited availability, outstanding quality, and remarkable consistency Eagle 2011 very strict allocation list. The combination of tiny production and high de- from vintage to vintage have made Harlan a sensation on the fine wine market. Harlan mand from wine enthusiasts across the globe means it is incredibly difficult Estate 2011 to get hold of. All vintages of Screaming Eagle perform extremely well on the Such is the popularity of the wine it is rarely seen outside of the U.S. with the 89.2% secondary market. Screaming Eagle has a reputation as a personal favourite exception of world-class restaurant lists and private cellars. over 5 years of legendary American wine critic Robert Parker. In recent years he has de- 116.7% scribed the 100-pointer 2010 as “utter perfection” and has also awarded a 100 over 5 years point score to the 2016, 2015, 2012, and 2007 vintages. As an investment or as a wine to simply take pleasure in, Screaming Eagle never fails to impress. > >

18 _ OENO OENO _19 The Vérité estate was born of a collaboration between the late Jess Jackson, described by Robert Parker as “one of the most extraordinary men in the wine world I have ever met”, and top French winemaker Pierre Seillan. Jackson had challenged Seillan to come to California to make a wine to rival the legendary Chateau Petrus. Seillan responded they should try to make a world-class Mer- lot even better that Petrus, a wine which would harmoniously blend Old World winemaking excellence with New World vigour and ambition.

Vérité is today one of the most highly-rated wineries in the world with 12 perfect 100-point scores from Robert Parker, more than any other Sonoma County estate. The estate produces three distinctive bottlings, La Muse, La Joie and Le Desir, which Robert Parker describes as “three of the finest wines being Vérité La Joie 2016 made in California”. 61.32% over 1 year >

One of the older estates in Oakville, Cardinale was founded in 1982 close to the legendary Robert Mondavi Winery. The estate enjoys something of a cult following in the U.S. thanks to the vision and talent of Christopher Carpenter who took over as head winemaker in 2001.

Carpenter started out working in the medical field and bartending by night before making a fortuitous career change and enrolling in the prestigious viti- culture and enology program at UC Davis. Following his training he honed his skills at a slew of top estates including Domaine Carneros, Domaine Chandon California, and Tenute in Italy before making the move to Cardinale in 1998.

Cardinale typically performs well with top international wine critics like Rob- Cardinale ert Parker and his Wine Advocate team; the 2016 vintage was awarded 97 The Proprietary Red 2009 points by The Wine Advocate, the 2015 scored 96 points, and the 2014 vintage achieved a near-perfect 98 points. Depending on the nature of the vintage, just 2000-4000 cases of Cadinale are produced each year with most quickly 55.6% snapped up by collectors based in the US. over 5 years >

20 _ OENO CHAMPAGNE

Champagne is known the world over for producing remarkable sparkling wines which are synonymous with celebration and enjoying the finest things in life. As the fine wine market continues to broaden, Champagne has quickly carved out a niche for extremely ageworthy wines which attract great demand on the second- ary market from both top restaurants and private collectors. Over the past five years the Champagne region has performed very well on the fine wine invest- ment market with growth of 45% and currently enjoys a rapidly-growing market share of 9-11%.

One of the most famous names in the ultra-premium Champagne sector, Krug needs little introduction. Founded in 1843 by Joseph Krug, the original family is still very much involved in decision-making within the brand and have played a pivotal role in guiding Krug to its current leading position in this crowded and competitive marketplace.

Even for the entry-level Krug Champagne each vineyard plot is vinified sepa- rately to capture the unique quality of the . These lots are then carefully blended with complementary lots to compose the perfect cuvée for each of the house’s distinctive . Clos d’Ambonnay 1996 Krug’s most sought-after Champagnes on the investment market are the Clos du Mesnil and Clos d’Ambonnay, as well as the Krug vintage which can offer a more 75.5% accessible entry point. Outstanding recent cuvées include Clos du Mesnil 2002 growth over 5 years and 1996 as well as the Clos d’Ambonnay 2002 which received a near-perfect score of 99 points from Robert Parker. > CHILE LEBANON

A relative newcomer to the fine wine world, Chile is one to watch with a num- Another rapidly-rising region is the ancient winemaking country of Lebanon ber of top estates now producing exceptional investment-grade wines. The which is home to a number of top estates including Chateau Belle-Vue set on the country’s wine industry has benefited hugely from foreign investment and the mountainside around Bhamdoun village. The Liv-Ex Rest of the World provides emergence of homegrown talent over the past couple of decades. Fine wine is a useful guide to the future performance and potential of Lebanese investment dominated by Bordeaux-style Cabernet Sauvignon and Merlot blends which wines. The index has seen consistent growth of 36% over the past five years and showcase the quality of the terroir and the talent and potential of a new gen- continues to grow in strength and market share with every passing year. eration of Chilean winemakers. Chile is included in Liv-Ex’s Rest of the World index which has seen consistent growth of 36% over the past five years.

Described as Chile’s first Icon wine, Seña was born of a joint venture between Eduardo Chadwick and legendary American winemaker Robert Mondavi. A remarkable tale of triumph against all the odds, the story of Chateau Belle- These two shared a vision to create a world-class crafted from Vue begins in the 1990s when Naji and Jill Boutros returned to Naji’s hometown top quality Cabernet Sauvignon, Carmenere, Merlot, and Petit tucked away in the mountains some 16km from Beirut. There they found Naji’s Verdot grapes. grandfather’s hotel, the old Chateau Belle-Vue, completely destroyed by war and the village decimated by economic stagnation. The situation inspired Naji to Breaking through the ranks of the fine wine world wasn’t going to be easy, but leave a highly successful career as an investment banker and return to his roots at a historic tasting held in 2004 in Berlin the Seña 2001 beat 10 exceptional where he’s made it his mission to give back to the local economy. The estate’s fine wines from France and Italy including Chateau Margaux and Chateau La- vineyards are worked organically and without irrigation to produce exceptional tour to claim second place. First place went to another outstanding Chilean quality fruit. The vines are carefully pruned to restrict production to a tiny yield fine wine, the Viñedo Chadwick 2000, proving once and for all Chile’s incred- of just a ton of grapes per hectare to maximise intensity and complexity of fla- ible viticultural potential. vour. The mountain terroir has proven especially well-suited to the classic Bor- deaux varietals Cabernet Sauvignon, Cabernet Franc, and Merlot which thrive Seña 2007 As well as the 2001 vintage, other top-rated vintages for Seña include the 2015 in the Mediterranean climate. Chateau Belle-vue’s iconic wine is the Le Chateau which was awarded a perfect 100 point score by James Suckling as well as the which is typically composed predominantly of Cabernet Franc and along Up 52% 2017 and 2013 which both received 99 points from Suckling. with smaller proportions of Merlot and Cabernet Sauvignon depending on the over 5 years vintage. Just 2500-3500 bottles of this outstanding wine are produced each year, along with up to 15,000 bottles of Belle-vue’s , La Renaissance. >

24 _ OENO OENO _25 PIEDMONT

Italian fine wine has shown steady growth of 39% over the past five years and offers an excellent alternative to the more traditional French investment-grade wines from Bordeaux and Burgundy. One key region for ambitious investors is Piedmont, the home of Barolo, which offers a winning combination of attrac- tive pricing and high potential. Over the past two years average market prices for top Italian wines have risen 22%, a strong indicator of the future direction of this ancient wine region.

Giovanni Conterno, the eldest son of the estate’s founder Giacomo, is a legend- ary figure in Barolo thanks to his lifelong dedication to the art of winemaking and guardianship of the region’s ancient vinicultural traditions. The estate is now in the capable hands of Giovanni’s son, Roberto, who continues his fa- ther’s approach of crafting powerful yet elegant expressions of their top quality terroir.

The winery’s most revered bottling. was the Barolo Monfortino which was first made by Giacomo during the 1920s. It is only produced in tiny quantities dur- Giacomo Conterno ing the very best of years by selecting one special vat to age for at least 7 years Barolo Riserva in traditional oak casks. Monfortino 2008 Considered one of Barolo’s more traditional producers, Roberto’s wines enjoy cult status in Italy and private cellars all over the globe, providing very healthy Up 80.5% and consistent demand on the secondary market. over 5 years >

26 _ OENO SPAIN

Vines were first cultivated in Spain sometime between 4000 and 3000 BC and today winemaking is an essential part of Spanish culture. The country is best known for its exceptional red wines from and which age extremely well and enjoy high demand from collectors in the USA, Europe and Asia. Spain is included in Liv-Ex’s Rest of the World index which has seen con- sistent growth of 36% over the past five years. Top investment options include the legendary wines of Vega Sicilia in Ribera del Duero and Artadi in Rioja.

Artadi was once a co-operative of 13 local growers based close to the town of Laguardia in the Alavesa sub-region of Rioja. Recognising the potential of these vineyards, Juan Carlos López de Lacalle purchased the estate and modernised the winemaking facilities and techniques to allow the unique terroir of the vine- yards to shine through.

In contrast with many more traditional producers in Rioja, Artadi insists on us- ing French rather than American oak to age its wines. This gives a more delicate touch from the oak and allows the character of the grape and the terroir to take centre stage.

Artadi’s iconic wine is Viña El Pisón which is crafted from the 2 hectare El Pisón vineyard planted in 1945. Widely considered the equivalent of a Grand Cru by Artadi Viña fine wine experts, the vineyard is blessed with an ideal microclimate and lime- El Carretil 2012 stone-rich soils. Frequently lauded by wine critics as a supreme example of Span- ish fine wine, the 2004 vintage was awarded a perfect 100 point score by Robert Up 113.3% Parker. over 2 years >

OENO _29 TUSCANY

Over the past five years Italy has performed very well on the fine wine market with steady growth of 39% according to the Liv-Ex Italy 100 index. As such the country offers an excellent alternative to the more traditional French invest- ment-grade wines from Bordeaux and Burgundy. Many of the most sought-af- ter Italian fine wines hail from Tuscany which has built an ironclad reputation for both Bordeaux-style “Super Tuscans’ and more traditional bottlings based on . Over the past two years average market prices for top Italian wines have risen 22%, a strong indicator of the future direction of this ancient wine region.

The story of Sassicaia begins in the 1940s when Marchese Mario Incisa della Rocchetta experimented with crafting a top Bordeaux-style red on his Tus- can estate. The result of his experiment was a runaway success, and Sassicaia quickly became known as one of Tuscany’s finest wines. Today the estate is in the capable hands of the third generation of the family, Mario’s granddaughter Priscilla. First commercially released in 1968, Sassicaia has gone from strength to strength in recent years, with the 2016 vintage awarded 100 points by Mon- ica Larner from Robert Parker’s Wine Advocate. The 2015 also received an Sassicaia 2014 important boost in both prestige and price when it was revealed as the 2018 Wine of the Year by the iconic magazine Wine Spectator Up 605.1% over 5 years Sassicaia is easily one of the most famous wines made anywhere in the world and enjoys very healthy demand from wine collectors and consumers, espe- cially in the U.S. and Asia. > Often nicknamed the “Italian Petrus”, Masseto is an outstanding single vineyard wine crafted from 100% Merlot grapes. The Masseto story begins in the 1980s when Lodovico Antinori founded a new estate on land his mother had given him from her holdings in Bolgheri. He was determined to craft top quality Bor- deaux-style wines with the influence of the unique Tuscan terroir. At that time Bolgheri was considered a backwater, and it is only thanks to the hard work of Antinori and a number of other pioneering winemakers that the region has risen to fame for its exceptional red wines. Key to Antinori’s success was the hiring of Russian-born oenologist André Tchelistcheff who is widely considered the grandfather of Californian Cabernet.

Following Masseto’s debut release in 1987 the wine has racked up a slew of out- standing scores. Top recent vintages include the 2016, 2015 and 2005 which all Masseto 2007 received a perfect 100 point score from Robert Parker’s The Wine Advocate. Up 42.6% over 5 years >

Born from ancient family vineyards and the infectious passion of a career- change winemaker, Fattorie dei Dolfi is a relatively young estate with a remark- ably bright future. Giovanni Dolfi initially pursued a very successful career as a horse trainer during which he had the opportunity to meet Queen Elizabeth II and began working for Marchese Incisa della Rocchetta, the owner of the leg- endary Tenuta San Guido which produces Sassicaia. Through this connection he was introduced to the estate’s winemaker, Giacomo Tachis, who is regarded as the father of Sassicaia and was named ’s Man of the Year in 2011. From then on Giovanni’s fate was sealed and it was only a matter of time before he and Giacomo began exploring how to unlock the potential of his family’s century-old vineyards close to the city of Pisa.

The Artorius and Imeneus red wines are both crafted using the Prugnolo Gentile grape which is the Sangiovese clone typically used in . The for- mer is an easy-going style ideal for enjoying with family and friends alongside a simple, wholesome meal. Imeneus, which is named after the beautiful son of Aphrodite and Bacchus in Greek mythology, is a more serious red which ages in oak barrels for up to 36 months. This bottling is a true collector’s wine with a remarkably complex flavour profile and high investment potential.

OENO _33 VENETO

Over the past five years Italy has performed very well on the fine wine mar- ket with steady growth of 39% according to the Liv-Ex Italy 100 index. As such the country offers an excellent alternative to the more traditional French investment-grade wines from Bordeaux and Burgundy. One often-overlooked Italian region for fine wine investment is the Veneto which is home to one of the country’s most revered wines, Amarone della Valpolicella . Over the past two years average market prices for top Italian wines have risen 22%, a strong indicator of the future direction of this ancient wine region.

This historic estate dates back to 1924, but the current success of the property is largely due to Giuseppe Quintarelli who insisted on pursuing high qual- ity traditional methods while most of his neighbours converted to mass-scale production. Today the estate which bears his name has a global reputation for exceptionally complex Amarone wines which age for years in Slavonian oak.

As well as the line of traditional Amarone wines, the estate has also embraced innovation and grows Cabernet Sauvignon, Cabernet Franc and Merlot as well as the region’s indigenous varieties. One excellent example is the Alzero which is crafted from Cabernet Sauvignon and Franc with a touch of Merlot. As with Amarone, the grapes are partially dried to concentrate the sugars and produce a very intense, full-bodied style of wine. Quintarelli Alzero 2007

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