Over the next few year, we might witness a new crop of power players making their mark in NorCal’s wine counties. Decanter reports of that “a $100 million wine investment fund set up by China’s Hina Group has no shortage of potential targets among top wineries in California.” The interest in Cali wines is viewed as a growing trend among the well-heeled in China, who have previously invested considerably in the Bordeaux region of France.
Their investment is not driven by personal enjoyment of wine, but rather the potential return of good long-term investments. One gentleman already slightly ahead of the game is none other than former Rockets big man Yao Ming. He established Yao Family Wines in 2011, and this year the winery has bore fruit in the form of two Napa Valley Cabernet Sauvignons.
Both bottles are priced to collect: $170 for 2009 Napa Valley Cabernet Sauvignon and $625 for 2009 Family Reserve Cabernet Sauvignon. The response has been positive, with Wine Enthusiast rating the Napa Valley at 95 points and Family Reserve at 97.