InvestorsHub Logo
Followers 20
Posts 627
Boards Moderated 0
Alias Born 05/27/2016

Re: Joseph Knecht post# 73370

Saturday, 02/04/2017 12:14:17 PM

Saturday, February 04, 2017 12:14:17 PM

Post# of 211609
You are welcome. But as I said, the notion that "prosecco drinkers are not known for the sophistication of their palates" is a ham-fisted, rather old fashioned perspective. One only needs to peruse the pages of Wine Spectator or other leading wine industry periodicals to realize that people that once turned their back on prosecco as poor man's champagne are enjoying it for what it is these days. Much in the same way Chianti was simply associated with mass-produced junk in whicker basket bottles served on every red/white checkered Italian dive joint in Jersey, Chianti eventually became much more appealing to wine aficionados and has largely shed that type-cast that it had gained in the 1970s. While the view you are propagating may have held water 15 years ago, prosecco (along with Cava and even sparkling wine) is now enjoyed and coveted by many people who easily could afford and still enjoy champagne. If Bellissima markets well, keeps their quality relatively high, and keep their price in a good spot, they could become a much more favorable alternative to the La Marca/Ruffino stuff (but that is a long way off granted). Prosecco and cava have turned a corner in recent years and its appeal goes well beyond wine-morons with "unsophisticated" palates as you put it. For example, and while completely anecdotal, my household could afford to drink almost any champagne for the holidays that we wished, but we served Ca' dei Zago prosecco (at about $21 per bottle) this year at Xmas - it was quite nice, unassuming, interesting, new, it actually felt good turning away from the usual. I think many are doing the same and would recognize Bellissima's potential quality over lesser proseccos if it could sustain its mojo.

ShadowElite is all about that hustle so his opinions should not be construed as investment advice of any kind.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ICNB News