Latest news with #Zachys
Wall Street Journal
01-05-2025
- Business
- Wall Street Journal
Want to Sell Off Some Bottles? Wine Lovers, Here Are Your Best 3 Options
Maybe you've acquired a few too many bottles, or inherited a cellar from someone whose taste in wine doesn't accord with your own. If you have wine you'd like to sell, one of the following options should suit your needs, whether you're a serious collector looking to offload buys from major-league makers and vintages by the lot or simply a wine lover ready to let go of individual bottles—for the right price. A collector who has amassed too much grand cru Burgundy and first-growth Bordeaux might well turn to an auction house. Reputable, well-established options range from traditional houses like Sotheby's and Christie's, where wine is just one type of high-end collectible offered for auction, to wine-centric auction houses like Zachys, Acker Wines and Hart Davis Hart Wine Co.
Yahoo
16-04-2025
- Business
- Yahoo
Symposium Capital Hosts Dinner with Precious Achiuwa of the New York Knicks
New York, New York--(Newsfile Corp. - April 16, 2025) - Symposium Capital recently hosted an exclusive dinner at The Ned NoMad with special guest Precious Achiuwa of the New York Knicks. Achiuwa is an avid wine collector following on many noted NBA players. The Ned NoMad is a private members club in Manhattan. The event was co-hosted by Baker McKenzie, Citizens Private Bank, and Zachys, all of whom are Symposium Capital partners. This dinner brought together leaders from the worlds of wine, investment, and professional sports. Precious Achiuwa with Symposium Capital CEO Morgan Miller and COO Yule GeorgievaTo view an enhanced version of this graphic, please visit: Attendees from each partner organization included Karl Egbert of Baker McKenzie, Theron McCollough of Citizens Private Bank, and Ame Brewster of Zachys. Talik Fraser, Precious Achiuwa's business manager of Nova Sports Ventures was also in attendance. Guests were provided with an exclusive selection of back-vintage, top-shelf wines curated by Zachys. The selection featured Marquis de Laguiche Montrachet Grand Cru, Georges Roumier Chambolle Musigny Les Cras Premier Cru, and Château Mouton Rothschild. Symposium Capital hosted the dinner at The Ned NoMadTo view an enhanced version of this graphic, please visit: The evening exemplified Symposium Capital's unique approach to investment. Symposium Capital focuses on investing in a diversified portfolio of collectibles across three core asset classes: fine wine, fine art, and rare comic books. Other guests of Symposium Capital include Karl Egbert of Baker McKenzie, Theron McCollough of Citizens Private Bank, and Ame Brewster of Zachys, Talik Fraser of Nova Sports VenturesTo view an enhanced version of this graphic, please visit: The event highlights Symposium's unique investor experience which extends beyond pure investment as the fund curates bespoke, exclusive experiences for its limited partners, bringing together exceptional, like-minded people with shared passions. By curating exclusive events that connect like-minded individuals with shared passions, Symposium Capital fosters a network where investment, culture and lifestyle seamlessly converge. Symposium Capital specializes in fine wine, fine art, and comic books. To view an enhanced version of this graphic, please visit: With this event marking just the beginning, Symposium Capital looks forward to hosting many more gatherings that blend elite networking with world-class experiences. More information about Symposium Capital can be found at Email: info@ Honest Media To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
16-04-2025
- Business
- Globe and Mail
Symposium Capital Hosts Dinner with Precious Achiuwa of the New York Knicks
New York, New York--(Newsfile Corp. - April 16, 2025) - Symposium Capital recently hosted an exclusive dinner at The Ned NoMad with special guest Precious Achiuwa of the New York Knicks. Achiuwa is an avid wine collector following on many noted NBA players. The Ned NoMad is a private members club in Manhattan. The event was co-hosted by Baker McKenzie, Citizens Private Bank, and Zachys, all of whom are Symposium Capital partners. This dinner brought together leaders from the worlds of wine, investment, and professional sports. Precious Achiuwa with Symposium Capital CEO Morgan Miller and COO Yule Georgieva To view an enhanced version of this graphic, please visit: Attendees from each partner organization included Karl Egbert of Baker McKenzie, Theron McCollough of Citizens Private Bank, and Ame Brewster of Zachys. Talik Fraser, Precious Achiuwa's business manager of Nova Sports Ventures was also in attendance. Guests were provided with an exclusive selection of back-vintage, top-shelf wines curated by Zachys. The selection featured Marquis de Laguiche Montrachet Grand Cru, Georges Roumier Chambolle Musigny Les Cras Premier Cru, and Château Mouton Rothschild. Symposium Capital hosted the dinner at The Ned NoMad To view an enhanced version of this graphic, please visit: The evening exemplified Symposium Capital's unique approach to investment. Symposium Capital focuses on investing in a diversified portfolio of collectibles across three core asset classes: fine wine, fine art, and rare comic books. Other guests of Symposium Capital include Karl Egbert of Baker McKenzie, Theron McCollough of Citizens Private Bank, and Ame Brewster of Zachys, Talik Fraser of Nova Sports Ventures To view an enhanced version of this graphic, please visit: The event highlights Symposium's unique investor experience which extends beyond pure investment as the fund curates bespoke, exclusive experiences for its limited partners, bringing together exceptional, like-minded people with shared passions. By curating exclusive events that connect like-minded individuals with shared passions, Symposium Capital fosters a network where investment, culture and lifestyle seamlessly converge. Symposium Capital specializes in fine wine, fine art, and comic books. To view an enhanced version of this graphic, please visit: With this event marking just the beginning, Symposium Capital looks forward to hosting many more gatherings that blend elite networking with world-class experiences. More information about Symposium Capital can be found at
Boston Globe
14-03-2025
- Business
- Boston Globe
US wine shops and importers say Trump's threatened 200 percent tariff on European wines would kill demand
Jeff Zacharia, president of fine wine retailer Zachys in Port Chester, New York, said 80% of the wine he sells is from Europe. Importers depend on European wines for a big part of their distribution system, he said, and there's not enough U.S. wine to make up for that. Advertisement 'This is just going to have a major negative impact on the whole U.S. wine industry in all aspects of it, including U.S. wineries,' he said. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Zacharia said there are so many unknowns right now he's stopped buying European wine until the picture becomes clearer. 'It's very hard to make preparations when as a business you don't have a clear path forward,' he said. 'Our preparations would be very different if it's 200% compared to 100% compared to 10%.' Wine and spirits from the 27-nation European Union made up 17% of the total consumed in the U.S. in 2023, according to IWSR, a global data and insight provider specializing in alcohol. Of that 17%, Italy accounted for 7% -- mostly from wine – and French wine, cognac and vodka accounted for 5%. Overall, the U.S. imports much more alcohol than it exports. The $26.6 billion worth of foreign-produced alcoholic beverages that entered the country in 2022 accounted for 14% percent of all U.S. agricultural imports, according to the U.S. Department of Agriculture. The U.S. exported $3.9 billion worth of beer, wine and distilled spirits that year. Marten Lodewijks, president of IWSR U.S., said a 200% tariff would not be unprecedented but import duties of that size tend to be more targeted. In 2020, China imposed tariffs as high as 218% on Australian wine, which caused exports to plunge by 90%, Lodewijks said. China lifted the tariffs last year, but by then Australia's wine industry had taken a big hit. Australia's wine trade to China was worth 1.1 billion Australian dollars ($710 million) annually before the tariffs were put in place. Advertisement Europe's tax on American whiskey, which was unveiled in response to the Trump administration's steel and aluminum tariffs, is expected to go into effect on April 1. Trump responded Thursday in a social media post. 'If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,' Trump wrote. 'This will be great for the Wine and Champagne businesses in the U.S.' Trump was incorrect about the Champagne business. Champagne is a legally protected wine that can only come from France's Champagne region. But U.S. winemakers — including Trump Winery, a Virginia winery owned by the president's son Eric Trump — do make sparkling wine. Reaction from across the Atlantic was swift Thursday. 'We must stop a dangerous escalation that is leading to a global trade war where the first victims will be U.S. citizens who will pay more for products, and with them, farmers,'' Ettore Prandini, president of Italy's Coldiretti agriculture lobby, said. Italian wine exports to the U.S. – led by prosecco -- have tripled in value over the last 20 years and reached 1.9 billion euros ($2.1 billion) last year. In France, the U.S. market for wines and spirits is worth 4 billion euros ($4.3 billion) annually. Gabriel Picard, who heads the French Federation of Exporters of Wines and Spirits, said 200% tariffs would be 'a hammer blow' for France's alcohol export industry, impacting hundreds of thousands of people. Advertisement 'Not a single bottle will continue to be expedited if 200% tariffs are applied to our products. All exports to the United States will come to a total, total, halt,' Picard said in an interview with The Associated Press. French transporter Grain de Sail, which uses sail power to ship wines and other goods across the Atlantic, said Thursday that some winemakers had already cancelled planned shipments of wine to the U.S. because they were anticipating tariffs even before Trump's announcement. 'It has more or less frozen exports. There's no point even hoping to send wine to the United States under these conditions,' said Jacques Barreau, the firm's co-founder. Some U.S. wine stores saw an opportunity Thursday. In Washington, the wine bar Cork announced a tariff sale, encouraging regulars to come stock up on their favorite wines while they're still affordable. Others wondered aloud whether Trump would really go through with a 200% tariff. 'It changes by the hour now, right?' Mark O'Callaghan, the founder of Exit 9 Wine & Liquor Warehouse in Clifton Park, New York, said. European wines make up around 35% of sales at his store, he said. Others seemed to want to stay out of the fray. Total Wine, which operates 279 stores in 29 U.S. states, didn't respond to a request for comment Thursday. Southern Glazer's Wine & Spirits, one of the country's largest alcohol distributors, also didn't respond to a message seeking comment. Anderson reported from New York. Durbin reported from Detroit. AP Writers Colleen Barry in Rome, John Leicester in Paris and Zeke Miller in Washington contributed. Advertisement
The Hill
13-03-2025
- Business
- The Hill
US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand
The United States is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S. 'I don't think customers are prepared to pay two to three times more for their favorite wine or Champagne,' Ronnie Sanders, the CEO of Vine Street Imports in Mt. Laurel Township, New Jersey, said. Jeff Zacharia, president of fine wine retailer Zachys in Port Chester, New York, said 80% of the wine he sells is from Europe. Importers depend on European wines for a big part of their distribution system, he said, and there's not enough U.S. wine to make up for that. 'This is just going to have a major negative impact on the whole U.S. wine industry in all aspects of it, including U.S. wineries,' he said. Zacharia said there are so many unknowns right now he's stopped buying European wine until the picture becomes clearer. 'It's very hard to make preparations when as a business you don't have a clear path forward,' he said. 'Our preparations would be very different if it's 200% compared to 100% compared to 10%.' Wine and spirits from the 27-nation European Union made up 17% of the total consumed in the U.S. in 2023, according to IWSR, a global data and insight provider specializing in alcohol. Of that 17%, Italy accounted for 7% — mostly from wine – and French wine, cognac and vodka accounted for 5%. Overall, the U.S. imports much more alcohol than it exports. The $26.6 billion worth of foreign-produced alcoholic beverages that entered the country in 2022 accounted for 14% percent of all U.S. agricultural imports, according to the U.S. Department of Agriculture. The U.S. exported $3.9 billion worth of beer, wine and distilled spirits that year. Marten Lodewijks, president of IWSR U.S., said a 200% tariff would not be unprecedented but import duties of that size tend to be more targeted. In 2020, China imposed tariffs as high as 218% on Australian wine, which caused exports to plunge by 90%, Lodewijks said. China lifted the tariffs last year, but by then Australia's wine industry had taken a big hit. Australia's wine trade to China was worth 1.1 billion Australian dollars ($710 million) annually before the tariffs were put in place. Europe's tax on American whiskey, which was unveiled in response to the Trump administration's steel and aluminum tariffs, is expected to go into effect on April 1. Trump responded Thursday in a social media post. 'If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,' Trump wrote. 'This will be great for the Wine and Champagne businesses in the U.S.' Trump was incorrect about the Champagne business. Champagne is a legally protected wine that can only come from France's Champagne region. But U.S. winemakers — including Trump Winery, a Virginia winery owned by the president's son Eric Trump — do make sparkling wine. Reaction from across the Atlantic was swift Thursday. 'We must stop a dangerous escalation that is leading to a global trade war where the first victims will be U.S. citizens who will pay more for products, and with them, farmers,'' Ettore Prandini, president of Italy's Coldiretti agriculture lobby, said. Italian wine exports to the U.S. – led by prosecco — have tripled in value over the last 20 years and reached 1.9 billion euros ($2.1 billion) last year. In France, the U.S. market for wines and spirits is worth 4 billion euros ($4.3 billion) annually. Gabriel Picard, who heads the French Federation of Exporters of Wines and Spirits, said 200% tariffs would be 'a hammer blow' for France's alcohol export industry, impacting hundreds of thousands of people. 'Not a single bottle will continue to be expedited if 200% tariffs are applied to our products. All exports to the United States will come to a total, total, halt,' Picard said in an interview with The Associated Press. French transporter Grain de Sail, which uses sail power to ship wines and other goods across the Atlantic, said Thursday that some winemakers had already cancelled planned shipments of wine to the U.S. because they were anticipating tariffs even before Trump's announcement. 'It has more or less frozen exports. There's no point even hoping to send wine to the United States under these conditions,' said Jacques Barreau, the firm's co-founder. Some U.S. wine stores saw an opportunity Thursday. In Washington, the wine bar Cork announced a tariff sale, encouraging regulars to come stock up on their favorite wines while they're still affordable. Others wondered aloud whether Trump would really go through with a 200% tariff. 'It changes by the hour now, right?' Mark O'Callaghan, the founder of Exit 9 Wine & Liquor Warehouse in Clifton Park, New York, said. European wines make up around 35% of sales at his store, he said. Others seemed to want to stay out of the fray. Total Wine, which operates 279 stores in 29 U.S. states, didn't respond to a request for comment Thursday. Southern Glazer's Wine & Spirits, one of the country's largest alcohol distributors, also didn't respond to a message seeking comment. Anderson reported from New York. Durbin reported from Detroit. AP Writers Colleen Barry in Rome, John Leicester in Paris and Zeke Miller in Washington contributed.
