The Global Financial Crisis (GFC) has pushed and pulled at the economies of many countries creating some unexpected effects – one such effect is the establishment of new interest in the exclusive Bordeux wines of France by an awakening Chinese superpower.
Wombarra resident, David Roach, has been nominated for an award by the Australian Writers Guild at the 46th Annual Awgie Awards, to be held later this year, for his contribution to the new documentary, currently being screened in Sydney called “Red Obsession”.
“Red Obsession is a film about wine, but not just any wine – it’s a film about the greatest wine in the world, they say, which is the French wine from the area of Bordeaux.” said David, “For about 400 years, it has been the most sought after, most expensive, the elite of the wines in the wine world. For all of that time, especially the last 100 years or so, it’s only been the rich, the very rich people in the world that could afford them.”
“For example, 20 to 25 years ago, it would have been the Americans from Silicon Valley, New York or Washington that would be buying these wines… but now things are changing. Since the GFC, since the European Debt Crisis, the traditional buyers of these wines, these traditional millionaires from the UK and USA have fallen out of the market because they can’t afford them anymore. Into this void has stepped this rampaging new lot of buyers from China – they are the new Chinese rich, the new Chinese billionaires, and they have become completely obsessed with these French wines.”
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