Ten Years Later … The Wine Economist Celebrates its 10th Anniversary

Next week — on Memorial Day, in fact — the Wine Economist will celebrate its 10th anniversary. Ten years of regular columns about the world of wine as seen from an economist’s perspective.

The very first column, which is reproduced below, was an account of my visit to family-owned Fielding Hills winery, one of Washington’s best, to help bottle the 2005 vintage. The bottling line was a volunteer operation back then, fueled by enthusiasm and steady sips of the wine, which I compared to Adam Smith’s famous “pin factory” example of the benefits of division of labor.

A lot has changed since 2007. Fielding Hills’ reputation has grown, its lineup of wines expanded, and the cramped garage-style winery replaced with an efficient production facility and beautiful tasting room over-looking scenic Lake Chelan.

A lot has changed at the Wine Economist, too. I could never have guessed that this first column would slowly and with much effort turn into something more, spinning off four wine books, several awards (wine book of the year, best wine blog, best wine writing) and a series of lectures that has taken us around the world. Amazing!

Tenth anniversary? That calls for a celebration. I think we’ll open a bottle of Fielding Hills wine! Cheers to the Wade family and Fielding Hills for getting this column off to a good start.

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Wine Economist Column #1:

Bottling the 2005 at Fielding Hills (May 29, 2007)

I spent the weekend after commencement in Wenatchee, Washington helping Mike and Karen Wade and their friends bottle the 2005 vintage of Fielding Hills. I got to drink some great wine, meet some wonderful people and learn more about the wine business. Here are some photos (courtesy of Dave Seago) and some observations.

The Wades are orchardists and fruit distributors in Wenatchee, which is the heart of Washington Apple country. They got the wine bug a few years ago and now run an 800 case operation from a building near their home, overlooking the Columbia River. The grapes come from vines they own near Matawa on the Wahluke Slope, further down the Columbia. They make reds — Cabernet Sauvignon, Merlot, Syrah, Cabernet Franc and a blend called RiverBend red. These wines are not easy to find (remember: only 800 cases total) but they have received rave notices in the wine press: Wine Enthusiast rated them all between 91/100 and 95/100 points in its December 2006 assessment of the 2004 vintage. They are all good, the magazines and web sites say, the only question is which one is best.

I know the Wades through their daughter Robin who is one of my students at the University of Puget Sound. She knows about my interest in the wine business, so when they needed volunteer labor for the annual bottling weekend, she knew who to call.

I have taken dozens of tours of large wine-making operations, so it was interesting to see the process first-hand and on a very human scale. I hope the photos capture something of the process. We bottled the Cab, a blend featuring 76% Cabernet Sauvignon, on Friday afternoon. The first step was get the appropriate barrels of wine out of storage and to carefully pump the right proportions of the right wines into a large stainless blending tank. From there, the wine moved to the assembly line, where I worked alongside about a dozen of the Wades’ friends and neighbors.

The bottling process reminded me of Adam Smith’s famous pin factory example of the division of labor. One person (1) brought in pallets that contained cases of empty wine bottles. A second person (2) removed the bottles from the cases onto a table so that another worker (3) could invert them over a nitrogen supply, which removed any oxygen. The bottles were then (4) filled with wine on a six-bottle machine (see photo), then corked (5). A foil closure was then placed over the cork top (6) and secured firmly using a surprisingly nasty electric device (that was my job — #7). Then the bottles were wiped down (workers 8 and 9) before going through a label operation (10), being loaded back into boxes (11) that were sealed and stacked (12) and then moved out on the pallets they came in on. It took us about six hours to bottle 200 cases of Cabernet Sauvignon on Friday afternoon. We did 150 cases of the RiverBend Blend in four hours on Saturday morning. My reward? Wonderful family-style meals with my co-workers and one bottle of each of the wines I worked on, autographed by my fellow volunteers.

One thing that you can’t see in the photos is the fuel that kept the volunteers going: it was the wine we were bottling, drawn straight from the barrel. Good juice, in my opinion. Can’t wait to taste it when it’s had a bit of time in the bottle. (Expected release date: October 2007.)

One thing I learned from this is that although 800 cases of wine is a tiny operation by the scale of today’s wine business today, it is still a very significant investment of time and energy. I thought we would never come to the end up those 200 cases (2400 individual bottles) of Cabernet on Friday afternoon!

Because they have been so successful, both in terms of wine quality and wine economics, the Wades are planning to take the next step — to expand production from 800 cases to 2400 cases. This is a big step, since the business model changes with the higher volumes. Family labor plus volunteer help at key points works fine for wineries producing 1000 cases or less, but a bigger operation means hired help and higher fixed costs. The marketing end changes, too. The Wades prefer to sell most of their wine direct to customers rather than to discount it in order to get it into wine shops and restaurants. Given their stellar ratings, they have a good opportunity to build a “wine club” list that will automatically take most of their output, matching demand and supply very efficiently. Building a bigger winery will mean matching a bigger demand to their bigger supply.

Mike Wade told me what it takes to make good wine — it’s in the fruit, he said. The economics of wine is in the market — matching demand and supply. I would say that the Wades understand both the fruit side of their operation and the market side, too.

Can Sherry Be the Next Big Thing?

tioCan Sherry be the “Next Big Thing” in wine? I know what you are thinking. Sherry? C’mon! That’ll never catch fire in a big way. And you may be right, but give me a chance to make my case before you close the door on the Sherry cabinet.

One of the things that Sue and I wanted to do during our recent visit to Spain was learn more about Sherry. But the itinerary seemed to work against that. No time to jet south to Jerez de la Frontera in Andaluca, Sherry’s home. We would have to piece together our education in other wine regions. With a little luck and some helpful friends, we managed quite well.

Stumbling on Sherry in Madrid

Madrid is a long way from Jerez, but we found Sherry all around us, suggesting just how much it is a part of Spanish culture. Walking the aisles of the historic San Miguel market near the Plaza Mayor, for example, we stumbled upon a market stall called The Sherry Corner where dozens of different wines were offered by the glass at bargain prices. We had fun trying new Sherry wines and revisiting old favorites.

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The Sherry Corner offers a fun self-guided audio tour of Sherry wines. For €30 you get six glasses of different Sherries in a special carrier, coupons for six matching tapas from various market stalls, and an audio program available in six languages. It is quite a bargain when you do the math and it lets you both get to know the wines, experiment with pairings, and take advantage of the amazing tapas on offer at the market.

We found a completely different experience at the restaurant Zahara de Osborne in the Plaza Santa Ana, which was close by our hotel. The restaurant is owned by the Osborne wine group that is famous for its Sherry wines (you can see the Osborne bull staring down from hilltops all around Spain).

The idea of the restaurant was to bring the food and culture of Andaluca to Madrid. We challenged our waiter to create that experience for us and he did a great job choosing the dishes and helping us with pairings. Gosh, the Fino was delicious with a delicately fried whole fish!

Indigenous Sherry Culture

Not that Madrid does not have its own indigenous Sherry culture. There are Sherry bars in several parts of the city. Friends guided us to one called La Venencia, where the Sherry is served en rama, fresh and unfiltered, right from the barrel, which is a style I like a lot. My university colleague Harry uses La Venencia as his office when he is in Madrid (which is a lot) and he made introductions to José and Gabriel who worked the bar that day.

La Venencia has as much depth and character as the wines that are served there.  If you have any pre-conceptions, you must check them at the door and accept the bar for what it is, which is true of Sherry wines, too. And then, well, it is a complete pleasure. Sherry really isn’t like anything else you will ever drink and La Venencia is just the same.

I have seldom been anywhere that was so totally itself and I will always associate that strong impression with the dry Manzanilla Sherry wines we enjoyed at La Venecia.osborne

A Little Help from our Friends

We got a little help from friends at Osborne and Gonzalez Byass wineries in our quest to learn more about Sherry. Santiago Salinas arranged for a tasting of Rare Old Sherries when we visited Osborne’s Montecilla winery in Rioja. These were wines for philosophers and poets. It is stunning to discover what great Sherries can become with time. We were inspired by Santiago’s passion for the wines and, of course, by the wines themselves.

Our visit to Finca Constancia near Toledo was organized around a rather extravagant seminar and tasting of Gonzalez Byass wines ranging from their signature Fino, Tio Pepe, on to a special Tio Pepe en rama bottling, and then carefully and thoroughly all the way through the line-up to the sweet, concentrated Pedro Xeménez.

Marina Garcia, our guide on this Sherry tour, was not afraid to draw out the complexities of the wines, which is great. As I told my audience at the General Assembly, sometimes complicated things need to be understood in complicated ways. Our favorite? We discovered the Palo Cortado Sherry style and it made us think. I love it when a wine does that.

Sherry doesn’t have to complicated … or sweet either, for that matter, although many people put the wines in that category. A chilled bottle of very dry fino or Manzanilla is pretty pure pleasure and will change many minds. But you’ve got to try it yourself to be persuaded and that’s a  challenge.constancia

Sherry’s Moment?

If you look at the fundamentals, it is easy to conclude that this could be Sherry’s moment. The wines are great and well-priced. They come in a range of styles that variously make great aperitifs, pair well with food, or help unleash that inner poet. Apparently Sherry works really well as a cocktail base, too. Gotta check that out.

Tourism in Spain is on the rise and Spain’s tapas culture cuisine, which matches up so well with dry Sherry, is increasingly popular. Sherry, as much as any wine I know, is a product of time and place, and wears its authenticity proudly.  Authentic, affordable, food-friendly. Aren’t these the things that wine drinkers are looking for today?

Sherry’s burden is its reputation as that sweet old wine that grandma drinks. There is so much more to Sherry for those who pull the cork. If enough curious wine drinkers pull enough corks, perhaps Sherry’s “Next Big Thing” potential can be realized!

Is Sherry going to be the next big thing? Probably not. But it doesn’t have to be. It is a timeless wine waiting to be re-discovered by a new generation of wine drinkers.

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Thanks to everyone who helped us with our Sherry research. Special thanks to Susana, Mauricio, Marina, Santiago, George, Cesar, Greg, Harry, Jensen, Gabriel, and José. Thanks to Sue for these photos of the big Tio Pepe sign in Madrid’s Puerta del Sol, the menu at The Sherry Corner, the rare old Osborne Sherries, and the many hues of the Gonzalez Byass Sherry wines.

Questioning the Conventional Wisdom About the Spanish Wine Industry

riscalThe conventional wisdom is that Spain is an Old World wine country (along with France, Italy, Portugal, etc.) and it is easy to see why. First there is geography. Old World = Europe. QED. End of discussion.

Old World Wine

Then there is the matter of wine culture. One of the characteristics of Old World wine countries is that their per capita consumption levels, once very high, have been falling for decades. Spain’s per capita consumption today is less than 20 liters per person, for example, but was more than 100 liters a head in the 1890s and more than 60 liters per capita as recently as the 1980s.

Finally there is the obvious factor of age. Wine has been made in Spain for a very long time. It was hard not to think “Old World” when we were in the Toro region, for example, to visit Pagos del Rey winery. Gnarly goblet-trained Tinto de Toro vines (the local Tempranillo variety) looked as old as centuries and some of them really were since phylloxera never invaded these vineyards. At the winery we were served “young wines” made with grapes from”only” 70 year old vines. Vines as old as 130+ years provided grapes for the senior wines. Amazing.

Confusing the Issue

John Kenneth Galbraith famously argued that the conventional wisdom is always wrong and there is something to be said for that in this case if we think of Spain in terms of its wine industry instead of its location, wine culture or aged vines.

One of most interesting stops on our recent tour of Spanish wine regions, for example, was at Marqués de Riscal in Elciego.  This is one of the oldest wineries in the Rioja region, although you might not realize it as you approach town, your eyes distracted by the post-modern Frank Gehry-designed winery hotel that sits on the hill above the historic cellars. Fantastic.

The winery was founded in 1858, which makes it old, but not much older than the “New World” Charles Krug winery in Napa Valley, which dates from 1861. Wine is much older in Spain than California, but the wine industry perhaps not as much.

Pagos del Rey, for example, is part of the prominent Felix Solis group, one of Spain’s most important wine producers. Their inspiring true story of how a mom and pop wine operation grew to grand dimensions reminded me of the Gallo family in the United States. But Gallo is actually older — starting out in the post-prohibition 1930s — while Felix Solis’ roots date to the 1950s.

It’s a New World After All

The modern Spanish wine industry is relatively young (much  younger than those Toro grape vines). Some might argue it was re-born in 1986, when Spain entered what is now the European Union, and began to compete head-on with wine from France and Italy. Competitive pressures, plus EU wine market reforms and adjustment aid, helped Spain’s wine industry reinvent itself for the 21st century.

The result is in some respects a New World wine industry in the Old World.  Spain is not unique in this, but it is a very good example of the successful transformation of the wine sector.  Bodega Finca Constancia in Otero is a perfect illustration of where this path has led. Founded in 2001 by the Gonzalez Byass group, it features beautiful vineyards (including several experimental blocks developed along with a university research team) and a state of the art winery that hugs the ridge line, blending into the landscape.

The wines at Finca Constacia are impressive, deftly balancing tradition and transformation. We saw several examples of this fusion during our time in Spain.  Bodegas y Viñedos Viña MayorGrupo MatarromeraBodegas Manzanos, Torres, and Campo Viejo were particularly striking, each in its own way. And the wines in all these cases display that special quality that we often call “authenticity” today, although I prefer “integrity.” (Why? Long story — I will save it for another time and place.)

Conventional Wisdom Risks

The conventional wisdom sees the adoption of international styles and techniques as the way forward, or at least one important path, and I think this is correct, which is one reason I am so optimistic about Spain’s wine fortunes. But I think it is possible to go too far in pursuit of wines that will seem familiar to global market consumers — so I urge due caution.

A few years ago I was invited to participate in a seminar on Spanish wines in the U.S. It was a great experience and I learned a lot, but there was one rather shocking thing that happened that is relevant here. At the end of the first day some of the local sommeliers went out to dinner with our seminar leader and a six pack of Spanish wines from various regions and varieties, all made in an international style (stainless steel, a bit of new oak, etc.)

They returned the next morning and were more than a little subdued. It seems that they had played that “blind tasting” guessing game with the wines and, well, they really couldn’t tell them apart, even with a little cheating. The producer of the wines, it seems, had sacrificed integrity for marketability through international style.

They were nice wines — you  wouldn’t hesitate to drink them —  but it was hard to see why you would choose them over other wines on the market. It is important to make wines for today’s consumer, but not to forget the old world qualities that make them special.1982

Old World Revisited

Santiago Salinas made the argument in a different way when we visited him at Bodegas Montecillo, which is part of the Osborne wine group.  Santiago had arranged a tasting of his Gran Reserva Seleción Especial wines from the 1975, 1982, 1999, and 2001 vintages (1982 was a stellar year in Rioja and we tasted it from a magnum, so this was a treat).

He wanted us to see Rioja’s history by tasting wines made when blending of grape varieties was more important than it is at some houses today and before the impact of climate change was so strong. The wines were more subtle and elegant when, after some years in barrel and bottle, they were finally released, Santiago suggested.

The old wines were wonderful the way that old Burgundy can be wonderful and Santiago’s point was clearly made. Hopefully today’s wines will taste this good when they are thirty or forty years old, but maybe they won’t. Maybe we will find that something has been lost along the way and so perhaps we should be working hard to prevent that.

I am not one who thinks the the most important quality of a wine is its ability to age well, but a tasting like this provides valuable context and a warning not to push the conventional wisdom further than is wise.

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Special thanks to Santiago Salinas and Marina Garcia for their hospitality.

Sketches of Spain: Spanish Wine Industry Challenges and Opportunities

davissketc_0809_1_1204852187Sketches of Spain is the title of the 1960 Miles Davis/Gil Evans album that deftly walks the line between classical and jazz genres, with Davis’s virtuosity shining throughout. Scroll down to the bottom of this column if you’ve never heard this great recording.

Sue and I have recently returned from a visit to Spain, where I spoke at the General Assembly of the Spanish Wine Federation (Federación Española del Vino or FEV), so Spain and Spanish wine are on my mind and I have been puzzling over how to write about our experiences and all that we learned. Such a big country! So many impressions! The Miles Davis album solved the puzzle.

Davis and Evans gave us a few powerful sketches of Spain and its music, not a detailed musical portrait, which would be impossible in the context of a ’60s-era 33-rpm vinyl recording. A perfect choice! In this and the next several weekly columns I will try to provide sketches of the Spanish wine industry, which I hope you will find useful, leaving a more detailed portrait for another time and place.

Sketch 1: The Spanish Wine Supertanker

They say that it is not easy to turn around a big ship because of all the momentum it has to continue on its path and this might be a good metaphor for Spain. Spain is certain big when it comes to wine. Spain has the largest area of vineyards of any country in the world and is the third largest wine-producing nation (after Italy and France). Spain produces nearly 70 percent more wine by volume than the United States, which is number four in the global wine table.

The Spanish wine industry has devoted enormous effort to changing wine market direction, investing in more productive vineyards planted to grape varieties like Tempranillo that are more attractive to global wine buyers, and in new or updated production facilities.

The wineries we visited have made the transition and are now sailing in the right direction. As I said to the General Assembly audience, it seems to me that Spain has all the pieces in place to succeed in the new global wine market environment that has emerged, where value matters much more than sheer volume. I am an optimist about Spanish wine. But I am also a realist …

Sketch 2: Breaking the Glass CeilingFEV2

Improving Spanish wine is one thing (a good thing!), but achieving greater success in the global market is another because of reputational momentum.  Spain’s wine reputation has not caught up with its reality in many markets. Citing data from a Nielsen Company survey of U.S. on-premises wine drinkers (thanks to Danny Brager for his help), I noted that Spain was stuck under a “glass ceiling” in terms of consumer perception.

Italy and France — these are the countries that American diners think of first when they consider imported wines. Spain, despite its status as the third largest producer, ranks far below with perception roughly on a par with Australia, Argentina, and Chile and only a bit above tiny New Zealand, which is number 14 on the world wine production table, lodged between Romania and Hungary.

Spanish producers would love to break through the glass ceiling to achieve market status of Italy and France, but — let’s face it — everyone wants to do that.

A more interesting question for Spain, I proposed, is why it does not rank higher above Argentina, Chile, and New Zealand. Do they make more wine than Spain? Better wine? Do they have better generic market promotion programs? The answer is no in each case. What do these much smaller countries have that Spain does not that allows them to punch so far above their weight? This got my audience thinking, which is always my intent.

Sketch 3: Spain at the Crossroads

Hard thinking is necessary because Spain’s wine industry is at a cross roads of sorts. A graph of domestic vs export sales of Spanish wine shows that an important line has been crossed. Domestic wine consumption continues to fall in Spain as in other Old World producer countries. The opponent is not so much France and Italy as spirits and beer and changing consumer habits generally.

Wine exports are rising and now exceed domestic sales. This is important since the industry would be in crisis if exports did not replace lost domestic purchases, but that doesn’t mean that slowly losing your most biggest market is not a cause for concern. It was rare for us to meet a wine producer in Spain who had as much as 50 percent domestic sales.

Global markets are congested and competition for high value sales will only increase when Brexit’s full impacts are finally felt.  Reversing the decline of the domestic wine market is Spain’s next big challenge.

Fortunately, I think there is an realistic opportunity for domestic wine sales growth. Spain was hit very hard by global financial crisis and the austerity policies that followed in Europe. Only now, ten years after the crisis, is Spain’s gross domestic product approaching its pre-crisis level. A lost decade! No wonder exports have been the focus.

But growth has picked up in the Spanish economy and optimism is in the air, something Sue and I could feel on the streets of big cities and small towns alike. Beer is a tough opponent, but perhaps this is Spanish wine’s moment at home as well as abroad! More to follow in the weeks ahead.

Thank You Notes

Sue and I would like to send out big “thank you” notes to Pau, Susana, José Luis and Eduardo and everyone else at FEV and to all the people we met at the General Assembly in Valladolid.

FEV organized a series of winery visits for us in the two weeks following the General Assembly (I will report on this fieldwork in future columns) and we would like to thank everyone who took the time to meet with us and share their stories. Here is a list of the wineries we visited:

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The Wine Economist will pause next week so that we can travel to Cyprus where I am giving a seminar on regional wine reputation and we are visiting wineries, and attending the annual Cyprus wine competition. Come back in two weeks for more sketches of the Spanish wine industry. In the mean time, here’s the original recording of Sketches of Spain. Enjoy!

Refreshing On-Premise Wine Market Strategies (without Jumping the Shark)

shark-week-000How does a traditional craft product innovate to be competitive and relevant in today’s marketplace, but do so without losing its soul? I think about this a lot both in my job as an economist studying the wine industry and, in my other life, as the trustee of a liberal arts college.  Both wine and college need to change with the times while staying firmly rooted to those timeless qualities that make them so valuable. Not an easy task!

Sharking Jumping Risk

Sometimes I am jealous of those folks over in the beer space. They seem to find ways to innovate without “jumping the shark” with ridiculous over-the-top ideas too often. (See shark jumping video below.) Lots of new products and variations on classic brews.

The rapid proliferation of craft breweries and brew pubs here in the United States and around the world means that while beer is clearly a global industry, it often has an intensely local feel and flavor.

I can’t even count the number of on-premise craft beer operations here in Western Washington, each different to fit into a specific neighborhood niche. When a German-themed craft beer hall opened recently in Tacoma it literally had lines out the door. It might be just good beer, but I believe that it is the total experience and that strong beer sales are as much affect as cause.

Wouldn’t it be great if wine could innovate like that, I have sometimes thought, somehow connecting global and local, tradition and new, casual and elegant. I’ve recently learned about two very promising but completely different innovative initiatives tat give a sense of what might be possible without “jumping the shark.”

An Urban Winery in La Jolla

There actually are sharks in South Africa — the Great Whites that you see on TV during the Discovery Channel’s Shark Week. I first met Lowell Jooste in South Africa — his family owned the historic Klein Constantia winery for twenty years before moving to La Jolla, California in 2012.

Jooste’s wine is made up north in Napa and Sonoma, but as the video above shows, he trucks the barrels down south to beautiful La Jolla where he operates L.J. Crafted Wine, a kind of cross between a brew pub and an urban winery. The wines are drawn straight from the barrels and tanks using a propriety technology that keeps them fresh and clean. Customers can drink hand crafted single-vineyard wine by the glass, fill the elegant wine “growlers” or take away cork-sealed bottles.

Barrel tasting on La Jolla Avenue. Who could resist the opportunity to drink fine wine in an elegant yet casual atmosphere like this? Add in cheese and meat platters and finish off with a glass of 2009 Vin de Constance from Klein Constantia (of course). Perfect.

Lowell Jooste’s La Jolla winery raises the wine bar bar, if you know what I mean, giving wine consumers the sort of intimate experience that beer lovers sometimes find at their favorite local brew pubs. The concept and design are innovative and so is the clever barrel thief device that makes it all work. Tests show that the last glass from a barrel is as fresh as the first, which is quite an achievement.

If the goal is to draw upon wine traditions to make meeting with friends for a glass of wine as appealing as hanging out at a brew pub, this is might be an answer. It is certainly going to be on my itinerary the next time we are in La Jolla!

And Now for Something Completely Different

London’s Pall Mall is pretty much the opposite end of the spectrum from La Jolla Avenue. This is an area you might associate with stuffy private clubs — the sort of places that are the home to what I have called (with apologies to Thorstein Veblen) “conspicuous non-consumption.” The wines here are the very best, but they exist to be collected, not enjoyed in the glass. Drinking them — that would be revolutionary! I overstate the case, but you know what I mean.

I was delighted, therefore, when my globe-trotting friend Ken sent a report about a private club called 67 Pall Mall. This club looks as elegant as I imagine the others are — and the sample menus make it sound like a nice place to dine. But the point of the club isn’t to eat or to, well, club. The point is to actually drink great wine, choosing from a quite large number offered by the glass and many more by the bottle.
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Ken gave his visit to the club with a member friend high marks. Richard Hemming MW‘s account of his drinking experience at 67 Pall Mall makes thirsty reading:
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None of it is cheap, with 125 ml glasses starting at around £7, but this is precisely the point of the place. The most expensive glass is £426 for Screaming Eagle (I missed the vintage), then £425 for Ch Latour 1961. We drank a glass each of Condrieu, Montlouis, Réné Rostaing Côte Blonde 2003 Côte Rôtie, Mountford Hommage à l’Alsace 2011 Waipara, a 1991 Vin Santo from Santorini and Quinta do Noval 2007 port. All excellent, and cost a total of £98. For an illustration of value, the Rostaing is currently being retailed for £110 a bottle, making 125 ml worth £18; at 67PM this was £23.
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 Both these innovative initiatives change the wine experience in a good way for their clients, I think. Different as they are both have at their core technological innovations that allow these wines to be served and preserved.

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Here is the “jumping the shark” scene from Happy Days. Enjoy.

Around the World in Eighty Wines: Racing to the Finish Line

51ppzy7bwzl-_sx332_bo1204203200_Sue and I spend so much time travelling to visit the world’s wine regions and speaking to wine industry groups that we sometimes feel a bit like Phileas Fogg and Passepartout, the characters in Jules Verne’s novel Around the World in Eighty Days.

That feeling and the experiences that go with it are one of the inspirations for my next book, Around the World in Eighty Wines, which will be released on November 1, 2017. (You can already pre-order it on Amazon.com!).

Although our travels continue (we are off to Spain next week and then to Cyprus in May), at some point it is necessary to draw a line and declare the book itself finished. And that’s what I did today, when I finished proofing the copy-edited manuscript and sent it in to my production editor at Rowman & Littlefield right on deadline.

The Wine Economist will take a break for a few weeks while we are in Spain for the FEV General Assembly meetings and visits with winemakers there. Circle back in a few weeks to see what’s new at The Wine Economist. Cheers!

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I asked a few friends to read the manuscript and write brief “blurbs” for the book cover. Here is what we have so far. Enjoy!

This captivating book is about more than just wine—it’s about human nature, travel, and enjoyment. As the Rick Steves of the wine world, Mike’s talents as a writer and storyteller transport the reader to a new territory to explore as each of the eighty wines are opened.
Howard Soon, Master Winemaker, Sandhill Wines

Mike Veseth takes the reader on a Phileas Fogg–inspired odyssey in search of the answer to the question: why wine? The solution is a true global adventure—a mosaic of stories that illuminate wine beyond the glass to embody the enduring human spirit through controversy, love, endurance, loss, and hope. I was packing my bags to join the journey before the end of part one. A must-read for all who love wine and life.
Michelle Williams, freelance writer and author of the Rockin Red Blog

Like a master blender, Mike Veseth stimulates the mind’s appetite with a wonderful balance of illusion and substance, as complex as a fine wine.Structured with cultural nuance and imagination, this delightful book is a must-read for serious wine enthusiasts and neophytes alike. Circumnavigating the world in eighty wines should be enjoyed with a glass of your favorite origin in hand.
George Sandeman, Sogrape Vinhos, Portugal

Mike Veseth has deftly captured the magical worldwide journey of wine. This is a great rollicking educational roller coaster of a ride that the global fraternity of wine enthusiasts will embrace.
Robert Hill-Smith, vigneron, Yalumba, Australia

Wine Economist World Tour Update: Valladolid, Spain and Paphos, Cyprus

fev

The “Wine Economist World Tour” is on the road again and I thought you might want to know about the upcoming stops.

FEV General Assembly / Valladolid, Spain

Sue and I will be in historic Valladolid, Spain on the 28th of March. I’m giving a keynote address on the dynamics of the global wine market and how they apply to Spain at  the Federación Española Del Vino General Assembly.

I am honored to be invited to address this important group and am looking forward to meeting everyone and learning more about Spain and its wines during our visit. Sue and I have immersed ourselves in Spanish wine research, revisiting old friends and seeing what is new on the market here. Can’t wait to continue this work in Spain!

Cyprus Wine Competition / Paphos, Cyprus

We will attend the 10th Cyprus Wine Competition in Paphos, Cyprus on May 2-6. I will give a seminar on “Secrets of the World’s Most Respected Wine Regions” with lessons that might be useful to the Cyprus wine industry.

Many people think of Cyprus as a great place for a sunny holiday — and it is — but it has a rich culture, an amazing wine history, and a bright wine future, too. Its distinctive dessert wine, Commandaria, was once one of the most prized wines in the world. It just might be the particular wine with the longest history of continuous production.

Cyprus today is making the transition from an industry dominated by  bulk wine exports to a focus on high quality bottled wine and we will be interested to learn more about the industry, meet the wine industry leaders, and taste the progress they have made.

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There are several more World Tour stops on the horizon, including Napa Valley, Romania, Colorado, and I few more I can’t talk about yet. Watch this space for details.