Coleraine: Te Mata Estate's Crimson Jewel
Aotearoa produces premium wine that tops the award charts globally. The country’s cool climate and temperate weather conditions are optimal for growing grapes, allowing for the production of distinct flavour profiles and artisanal high quality.
For this reason, many wine enthusiasts will have the first of March pencilled in their calendars, and quite rightly so, as it is the annual release of Te Mata Estate’s flagship Coleraine.
This year, the vineyard is releasing its much-anticipated 2021 vintage. In celebration, we delve deeper into why this wine is the perfect addition to your cellar. The secondary market for high-quality wines has proliferated in the last five years as collectors seek the perfect drop to drink or cellar. Over the last decade, the most sought-after wines have been those from Bordeaux, Burgundy, and Champagne.
However, New Zealand has been hot on the headliners' heels, achieving increased global recognition and value. All Coleraine vintages are seeing huge demand, especially those from the 1980s. Production of these wines is finite, creating a bespoke and rare offering.
Demand for Te Mata is evident as Webb’s has seen price increases first-hand.
In Feb 2021, Webb’s sold a single bottle of 1982 Coleraine, the first ever vintage of Te Mata Estates flagship label, for $355. Just one month later, $888 was realised for the same vintage. Later that year, a higher price of $948 was achieved.
Later vintages have also seen incredible value increases, further reiterating the Te Mata Estate Coleraine as a niche investment for your cellar. In January this year, a new record was set for the 1988 vintage, sold at $1,224. While these records stand out dramatically, acquiring Coleraine for your cellar can be obtainable with the average price for a bottle at Webb’s sitting at just over $200.
The new release of the 2021 vintage will be presented at Webb’s for $140, setting you up for potential growth in New Zealand flagship wine. Te Mata Estates' consistency and quality hold them front of mind for any wine lover in New Zealand and, increasingly, abroad.
If you want to learn more about Te Mata Estate Coleraine or are thinking of bringing your bottles to market, contact our specialists today for an obligation-free appraisal.
View all articles & videos here