Simon Tam, head of wine for China at Christie's Auction House, says there actually are ways of buying wine on a budget.
"A lot of good wine in hotel chain-linked restaurants can be available for HK$500 to HK$700 per bottle - and that's a very good price to work on for the budget-minded." And an insider's tip would be that a lot of Chinese restaurants - not Western - don't charge for corkage, which is a great way to save money by buying retail and doing "BYOB".
When buying at a department store, how can one home in on a good bottle? "In Hong Kong, we're very lucky that something in the vicinity of HK$500 is available to us for any kind of wine, except perhaps a good Bordeaux - which is always a bit more expensive," Tam says.
"There are so many labels on display, and the truth of the matter is, for a lot of people, it's a matter of palate and appreciation. If you've spent HK$1,000 and it doesn't agree with their taste buds, then [your guests will] think it's cheap wine. I strongly suggest, in this scenario, buying a bottle of champagne. People might profess not to like it, but pop open a chilled one and everyone raises a toast. It becomes an occasion."
Picking the right bottle for the uninitiated is luck of the draw. Most people, by habit, simply look at the price to gauge its quality. "The cheaper the wine is, the more the mark-up is," says Kavita Devi Faiella, wine director of the Press Room Group. "Restaurateurs know that the cheap bottles will fly off the shelves. But owners want to move the expensive bottle, too, so they might mark it up by just a fraction."
The price of the wine can depend on whether you head to a chain restaurant or a stand-alone. Chains offer better value than independent restaurants. "Wine is priced more competitively in an independently run restaurant," Devi Faiella adds. "Global restaurants' in-house numbers are unpredictable because they buy in bulk and distribute them.
"If there's a chain run by the same management that has a restaurant here in Hong Kong [which has no tax or luxury tariff] versus in India [which has a great deal of taxation on wine and whisky], they level the prices as they're looking at the overall scale."
Can you get a great wine that's cheap? Tam says no: "If you really want the good stuff, you have to pay for it. I've taught classes on wine tasting, and the two things I promise all my students is you'll end up buying and appreciating expensive wine and you'll never go back to the cheap rubbish. If you appreciate wine, it's nice to pay for quality wines. There are no 1961 Chateau Lafites for HK$200."
No comments:
Post a Comment