Cadman Fine Wines’ London auction & tasting – a great success

Cadman Fine Wines’ recent November tasting and auction at the prestigious Pewterers’ Hall in London was a great success.

[UKPRwire, Fri Dec 12 2008] Cadman Fine Wines’ tasting held at the Pewterers’ Hall in The City of London on Wednesday 5th November proved to be hugely enjoyable as well as boasting an 83% success rate at its wine auction.

The on-line retailer Cadman Fine Wines (www.cadmanfinewines.co.uk) was set up in 2004 as a natural expansion of parent company Venulum’s (www.venulum.com) wine investment business (Venulum invests in fine wine on behalf of its American clients).

Cadman Fine Wines champions producers who really care about the contents of the bottle: unique wines of authenticity and distinction; these sit alongside a carefully chosen range of the famous names and labels of the wine world. Giles Cadman, Chairman of Venulum, believes that what really sets Cadman Fine Wines apart from other fine wine merchants is the ability to order fine and rare wines by the bottle.
To achieve a Cadman Fine Wines listing, a wine must score at least 88 points on either their quality rating system or from the world's most authoritative wine critics. This high quality was demonstrated by the wide selection of wines picked for the tasting, from Champagne and a mouth-watering array of whites, through to spicy and sophisticated reds and the best of Bordeaux, finishing in style on a vintage port.
The auction offered buyers the chance to bid for mixed cases carefully put together by the Cadman Fine Wines’ team, featuring many wines that had been available for tasting during the evening. Lots included 1st Growths from Mouton-Rothschild and Haut-Brion, Burgundies from Louis Jadot, Henri Perrot-Minot and Jean Grivot, through to some of the biggest names in Spanish and Italian wine as well as showcasing some delicious discoveries from New Zealand. 83% of lots attracted successful bids and buyers took advantage of the fact that their bids did not attract additional fees, commission or VAT (delivery at £6.99 per consignment the only add-on).

Paul Trimming, General Manager of Cadman Fine Wines, suggested that the success of the auction could also be partly down to the timing and proximity to Christmas. “Several bidders I spoke to were buying for drinking over the Christmas period, or were planning to give wine as a gift,” he explained. Other guests attended for a chance to taste some delicious wines in order to help in their wine buying decisions. “I felt it was a great event with a quality selection of wines,” one guest commented, continuing “I will not hesitate in the future to buy your wines or recommend them to friends and I look forward to attending more of your wine tastings and learning about the wines you have available”.

Another guest commented “Absolutely delightful! Knowledgeable team, excellent venue and what a delicious collection.” Other praise received included “Thank you so much for an extremely well run and informative evening - it was a great success.”

About Venulum:
The Venulum Group is a multinational private wealth management firm headquartered in the British Virgin Islands. The Group manages the wealth of high net worth individuals, and specializes in alternative investments often not available to the general public. Venulum helps high net worth individuals balance their portfolios.

The Venulum Group was formed in 2002, and has expanded to include offices in four countries. Since 2002 Venulum's client base has grown steadily, and now has a substantial number of United States based clients.