FineWineCollector.com Defies Recession as it Reports 46% Increase in Online Wine Sales to Asian Markets in 2010
December 5th, 2010 | Published in Alcohol
San Jose, CA (PRWEB) December 1, 2010
FineWineCollector.com, a leading e-commerce merchant of uncommon and close-grained wine established in San Jose, CA, today announced that 25% of 2010 sales traveled to buyers in China and another 7% to buyers in other Asian markets. FineWIneCollector.com saw Asian sales increase 46% over 2009, and 106% over 2008
Overall wine consumption in Asia is expected to increase by 25% over the next five years, according to WineChina.com. During that period, wine consumption in China, already the 8th largest circular wine marketplace, will mature five times faster than the rest of the world. The high-end market can grow even more dramatically.
“The demand for fine wine in the Far East, and particularly in China, is growing rapidly,” explained Edward Mackauf, founder and president of FineWineCollector.com. “There is an aggravated demand for premium labels and vintages, including Chateaus Lafite-Rothschild, Margaux, Latour, Mouton-Rothschild, and Domaine de la Romanee Conti.”
As much as the increase in sales to Far East buyers helped FineWineCollector.com prosper in a slow U.S. economy, the trend also signals the maturing importance of the preferences and tastes of an entire fresh class of eminent net-worth buyers on close-grained wine makers, markets, and merchants
According to Mackauf, “Top California wines, especially from Napa Valley are highly sought after. And the Chinese demand for Ch. Lafite-Rothschild has reached an almost fetish level.”
Founded in 2002, FineWineCollector.com (FWC), turned up in San Jose, CA, is an Internet business that sells “The Finest Wines at the Finest Prices.” The company specializes in California cult wines, First and Second Growth Bordeaux, Sauternes, and Vintage Port. FWC also acquires and sells the best wines of Burgundy, Rhone, Italy, Australia, and Oregon. FWC buys wine collections from collectors in the U.S. and guarantees demanding inspection and appropriate storage to insure provenance. All FWC wines are traded online or by phone. Visit http://www.finewinecollector.com, or name Edward Mackauf at 408-370-6700
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