Expert Opinion: “Chinese buyers pay top prices for premium wines and ignore all the rest ”
August 31, 2011
New About Wine by Yats Restaurant & Wine Bar located in Pampanga Angeles City Clark Philippines
The Chinese market for first growth Bordeaux 2009 wine has not turned out as the wine industry expected, according to two major British wine buyers at the very moment when they are announcing record figures for the vintage. Farr Vintners and Bordeaux Index confirm that their wine sales have exploded this year: 30,000 cases of wine sold at an average of £1760 per case for Farr Vintners (for a total of £53m) and £16m for Bordeaux Wine Index.
However, the two wine merchants described as “anomalous” the relative absence of demand of wine from the Far East, given that Hong Kong is the second largest wine market in the world. “The widely-anticipated rush in demand of wine from the Far East has thus far failed to materialize. The wine sales of BI’s Hong Kong office accounted for no more than 10% of the overall group wine sales of this vintage “, announced Gary Boom for Bordeaux Wine Index, “the prediction – widely aired – that the Chinese would cast their nets much wider than the traditional first growths and super seconds just hasn’t happened (…) . They have bought ten properties at the most: Margaux, Mouton, Lafite, Carruades de Lafite, Cheval Blanc, Duhart Milon, Angelus, Lynch Bages. Nothing has changed. Chinese buyers are happy to pay top prices with a 15% premium for the best wines and ignore the rest. Such clients are not interested in buying lesser wines as a guarantee of allocations of the top wines”.
For Steve Browett, of Farr Vintners, it is the same story and Far East clients account for more than a third of the record value wine sales made by the house for the 2009 first growths, but a tiny proportion of volume. “Sales by value have been 60% UK, 40% Far East, but by volume it’s about 85% to 15%, as Far East customers have mainly bought only First Growths and “super-seconds”. (…) There has been virtually no interest of wine from the USA.”
Food and Wine Lovers of Manila, Tarlac, Subic, Pampanga Angeles City and Clark Philippines gather at the best restaurant in Clark Pampanga to wine and dine on B Y O B night during which guests are invited to bring their own bottle of wine and no corkage is charged. Some guests opt to buy wine at the famous wine shop in Pampanga, Clark Wine Center to bring to dinner at this fine dining Restaurant in Angeles City, Clark Pampanga.
Yats Restaurant is an excellent Restaurant to dine, a restaurant with good food, a good place to have birthday party and special events. A Kid-friendly restaurants in Manila
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions
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Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
BYOB which stands for Bring Your Own Bottle, refers to a special treat that the best restaurant in Clark Pampanga offer to their valued customers to bring their own wines when dining at this top rated restaurant. Normally corkage fee ranging from p500 to p1500 per bottle is charged but on BYOB evenings which usually take place on Saturdays at this famous restaurant near Angeles City Pampanga, corkage charges are waived. Wine and food lovers from Manila, Tarlac, Subic, Pampanga Angeles City frequently take advantage of this special offer to dine at this restaurant in Clark Pampanga which is already well known not only for its award winning restaurant wine list but also its French Mediterranean cuisine that is always easy to enjoy and pair with fine vintage wine.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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