Monday, October 20, 2014

Promoting Liechtenstein Wine in Asia

Prince Hans-Adam's daughter-in-law Princess Marie and princely estate manager Simon Klocher were in Hong Kong last week to promote the princely wines in Asia. They continued to be there until at least Saturday when there was a wine tasting with the princess at the Schmidt Vinothek.

The princely family owns two vineyards. Their 40 hectare Austrian vineyard has been owned by the family for more than 600 years and produces Gruner Veltliner, Zweigelt, Merlot, Riesling and Traminer. Their Liechtenstein vineyard produces only Pinot Noir and Chardonnay. Even though their tiny 4 hectare Liechtenstein vineyard only produces 10,000 bottles a year it may be one of the most expensive vineyards in the world. Property within the principality averages 8,200 Euro (10,463 USD) per square METER! That means that the 4 hectare vineyard is worth a staggering 82,800,000 Euro (105,654,488 USD). The princely estate manager who also traveled with Princess Marie confirmed that it was not possible to increase the size of their Liechtenstein based vineyard, despite demand for their wine, because of the "ridiculously high" property costs.

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