Floyd Mayweather shows off wine and watches in £18.9m
Floyd 'Money' Mayweather is the richest star in the history of boxing, having reportedly become the first fighter to earn over £1bn in the hardest game.
After 21 years in the paid ranks, the 40-year-old is enjoying retirement following victory in his £350m mega-fight with Conor McGregor last month.
And Mayweather, who grew up amid poverty and drugs in Grand Rapids, Michigan, has been showing off his wine and watch collection in the Beverly Hills mansion he recently bought for £18.9million.
Read more: http://www.dailymail.co.uk/sport/boxing/article-4898234/Floyd-Mayweather-shows-Beverly-Hills-castle.html#ixzz4t7kptOUH
Follow us: @MailOnline on Twitter | DailyMail on Facebook
The 40-year-old is normally based in Las Vegas, where he lives in his extraordinary 'Big Boy Mansion'. He also owns a massive property in Miami which cost a reported £5.69million.
Now, in the neighbourhood famous for the glitz and glamour of its A-list residents, Mayweather is enjoying a life of luxury in the 15,096 square-foot, six bedroom house next to the famous Beverly Hills Hotel.
'Money' showed off his extensive glass-faced wine cellar as well as his remarkable array of jewel-encrusted watches.
Read more: http://www.dailymail.co.uk/sport/boxing/article-4898234/Floyd-Mayweather-shows-Beverly-Hills-castle.html#ixzz4t7ksmyOZ
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Smallest harvest in France since 1945 – 10 things to bear in mind
The 2017 harvest in Bordeaux is forcast to be the smallest since 1945. In the post below, Bordeaux grower, winemaker and writer Gavin Quinney (@GavinQuinney) offers wine lovers 10 things to bear in mind when considering the figures.
When Bordeaux sneezes, France catches a cold. As the white harvest begins at leading chateaux this week, and before a red grape has even been picked, here’s an update to the one statistic that the 2017 vintage will be remembered for: it’s a shockingly small crop, which in Bordeaux is down to that sharp frost in late April.
France saw a small harvest in 2016, in part down to frost and hail in other parts of the country, but the overall output was saved by Bordeaux having its biggest crop since 2006, with 577 million litres being produced. There was no frost or hail of any consequence here in 2016 and the all-important flowering was sensational. I’ve rarely seen so many healthy bunches and the 10% increase on the 10-year average of 529 million litres was no surprise. And the quality, thanks to a bone dry summer, was undoubtedly there too.
2017 is a different story though. It’s another smallish vintage across France – and across Europe too, notably in Italy – but the likelihood of a much reduced crop in Bordeaux, which covers 25% of all Appellation Contrôlée vineyards in France, has a significant impact on the figures. It’s early to say but if we guess at a Bordeaux yield of around 320 million litres, that’s 40% down on the 10-year average and 45% down on last year. (It could, I think, be worse than that.)
The officials at France Agrimer have recently updated their forecast of national volumes and have been widely quoted by Agence France Presse. “The French agriculture ministry said output was expected to total 37.2m hectolitres – 18% less than 2016 and 17% below the average over the past five years. The 2016 harvest was one of the poorest (sic) in 30 years. This year’s harvest will be “the smallest since 1945” – and so on.
Mix together a feeble crop, dodgy weather and the increasingly weak sterling and we’ve got a perfect storm brewing. “Cost of European wine is set to soar after extreme weather decimates crops, with French officials warning it could be the worst harvest since WWII” was the headline in the Daily Mail on Monday 28 August. “Bad harvest will hit wine lovers in pocket” was the shorter option for The Times.
DRC: First Growth Ratio—Refusing to Revert
The price of wines from the Domaine de la Romanée-Conti are showing no signs of slowing down. Unlike the top wines of Bordeaux, the Burgundian icon didn’t suffer at the end of the Asia-led boom for fine wine from summer 2011 onwards; instead prices continued to move upwards—rapidly. Although the First Growths have been on the move for the last year, DRC has continued to outpace them.
The chart below shows the 10-year relationship between the average prices of the wines in the Liv-ex Fine Wine 50 (the Bordeaux First Growths) and the Domaine Romanée-Conti Index (composed of DRC’s six brands)—dividing one by the other to create a ratio.
Across markets, over the long term, prices tend to revert to the historical mean. Yet the last time this happened here was over four years ago in June 2013. This led Liv-ex to consider in February 2016 that DRC prices looked overstretched. At the time Liv-ex anticipated an imminent correction, which proved to be briefly correct as the ratio fell slightly in Q1 of 2016. This turned out to be only a minor blip; subsequently the DRC: First Growth ratio has reached a high of 7.16: 1 at the end of July 2017, having risen for the last 16 months. This recent high is 2.1 standard deviations above the mean for the 10-year period, which stands at 4.75:1.
SAUTERNES 50 TAKING TURN FOR THE SWEETER?
SOURCE: THE DRINKS BUSINESS
AUTHOR: RUPERT MILLER
As noted by Liv-ex, the Sauternes 50 used to outperform the broader Bordeaux 500 index until 2009 when the latter took off and the former ran flat for a while and then suffered several years of decline from 2011 to 2016.
More recently, however, its fortunes have taken a turn for the better and so far this year it has risen 7% – which is better than the 5% seen by the Bordeaux 500 as a whole.
Of all the sub-indices on the Bordeaux 500, only the Second Wine 50 has performed better.
Of all the sub-indices on the Bordeaux 500, only the Second Wine 50 has performed better
There has been some good activity on older vintages of Yquem of late Liv-ex reports and Yquem and Rieussec were high up in the list of best-performing labels of the year so far.
Coutet however is the best-performing Sauternes in the Sauternes 50 while Climens is the worst – and it is the worst-performing label of the entire Bordeaux 500 at this point in the year.
THIEVES USE PARIS CATACOMBS TO STEAL WINE
Source: The Drinks BUSINESS