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Symington reports soaring 2016 Vintage Port sales

Published:  18 June, 2018

The Symington Family has reported ‘exceptionally strong’ demand for its 2016 Vintage Ports.

The 2016 Vintage Ports, the first to be declared vintage since 2011, had been flying off the shelves following the announcement that 2016 was declared a Vintage Port year, said Symington.

Launch tastings in Portugal, US, UK, Hong Kong and Holland had also helped boost demand, added the producer.

On the back of the strong demand, Symington said it anticipated selling out “well before” the end of the en primeur campaign on 31st July, with several leading UK wine merchants already out of stock, it said.

The quality of the 2016 Vintages had “no doubt” contributed to the levels of interest, but people may also be looking at Vintage Port as an investment opportunity, said Paul Symington.

“The response from the market to the outstanding quality of the 2016s combined with limited volumes is reigniting the tradition of buying young Vintage Port. Vintage Port represents exceptional value when compared to the world’s other great wines and, for those with patience, can outlive many of its more expensive peers,” he said.

The Symington Family recently revealed that Vintage Ports have seen significant price appreciation in recent years, with Dow’s leading the way - Dow’s 2007 and 2011 Vintages have increased 130% and 211% respectively since release, as part of wider trend seen in the Port industry.

The producer declared 2016 a Vintage Port year in April, marking only the fourth vintage declaration of all the family’s Port companies since 2011.

Made from the producer’s Quinta vineyards in its five small lagar wineries, all the 2016 Symington Vintage Ports are made using the classic treading method for Port.