The Hong Kong International Wine and Spirits Fair will be taking place next week. An annual highlight of this is the Wine Industry Conference, held on Thursday 6th November, which brings together internationally renowned speakers from across the industry. James Miles, Managing Director and Co-founder of Liv-ex, will be speaking at the conference at 2.30pm on the topic of ‘The Fine Wine Market: Speculation is dead, long live speculation’.
Many have always been uncomfortable with the idea that a product so ethereal, exquisite and graceful should be speculated in at all. Fine wine is for pleasure, it is a way of life, it is art and above the dark enterprise of profit and speculation. The reality is that wine and speculation have been intertwined since the beginning of time. James Miles will explore this ancient marriage, the crucial role that speculation plays in the market and how it helps producers to finance their production and improve the quality of their wines. He will also look at how speculation has apparently waned in recent years, the unique characteristics that wine enjoys as an investment and how, as surely as night follows day, it will rise again.
The conference will be chaired by Debra Meiburg MW. In addition to James Miles, it will feature speeches from winehero Director Paul Henry, General Manager of Summergate Fine Wines Ian Ford, Corporate Wine Director of the Shangri-La Hotel Group Lu Yang, and Director of DoILikeIt and wine writer Robert Joseph.
If you are attending the Wine Fair we hope you will get the chance to attend the conference. Full programme details can be found here.