Wine connoisseurs tend to fall into two camps – aficionados of “Old World” wines (primarily from European countries such as France, Italy, and Spain) and those with more faith in wines from the “New World” (from countries such as Australia, New Zealand, USA, Chile, Argentina and South Africa). Without delving deeply into the merits of both here, the investment dollar still favours Old World but, even then, maybe just 250 wines and mostly from the French wine regions of Bordeaux and Burgundy.
Historically, Australian wines are considered “new” despite having been produced there for over 200 years. They exploded onto the global wine stage in the 1970s, but for many old-school connoisseurs they were big, brash “fruit bombs” full of flavour, but perhaps lacking the finesse and sophistication of those from the Old World.
Over the years, Australian wines have grown in stature, quality, and diversity and helped open the door for other New World wines to emerge and take on those from the more established regions.
As the interest in Australian wines grew, connoisseurs recognised the potential of investing in numerous iconic wines from “Down Under.”