FUTURE TECHNOLOGY IN FINE WINE PUBLISHED REPORT
A VISION FOR THE FUTURE: A DAY IN THE LIFE OF A FINE WINE LOVER
This is an extract from the Future Technology in Fine Wine Report, Capstones Co Founder Simon Pavitt wrote for the London Technology Club. Published in October 2021, the report provided a meta-style analysis of the potential impact technology could have on the fine wine industry.
To download the report IN FULL CLICK HERE
This, in our humble opinion, is a typical day not too far away for a fine wine lover:
I am tech-savvy and believe that technology, including artificial intelligence and synthetics, could one day create the perfect wine, or at least the perfect wine personalised for me. I am happy fully embracing tech for my discovering, enjoying, storing and investing in fine wine. In fact, technology gives me the edge to get better, faster and simpler access. Through technology I can find better value and returns from fine wine compared to the everyday oenophile.
The first thing I do is remotely check how things are at the vineyard I invested in. Through Terraview’s dashboard, I can look at the winery operating system and today’s tasks. The advances in sensor technology enable the likes of ChênOX to generate barrel aging data to inform decision-making. I also check Saturnalia for the ongoing change in vintage conditions and therefore future price predictions. It’s also going to be interesting to get the vineyard’s wine back from accelerated aging in space. Many vineyards now are sending their wine up to store on satellites to bring on earlier, common features of maturation. Why wait 20 years for a wine to mature when five years in space has the same result?
I next go to WiV and check my wine NFTs, seeing that some critics have reviewed wines I have ownership of through digital tokens, and that the price has gone up. I trade them there and then – a few clicks and everything is automated and processed.
I next get an alert from Homer to say that one of my cases of wine has changed location. I message my portfolio manager at Cult Wines and check in. Everything is fine – the wine is going over to VeriVin to be non-invasively analysed for case consistency and provenance. I spend the morning selling a few equity shares in collectable fine assets on Rally. Not many people get a small percentage share in 2014 Domaine de la Romanée Conti, 2016 Chateau Petrus and a 2016 Screaming Eagle. Rally has taken off in Asia, so prices are going through the roof.
Streaming in the background I usually have a 67PallMall.tv Catch Up playlist on of all things Italian content. I also need to check the latest ratings on Wine Lister to get an update on its analysis of my wine collection. I have a quick look at what they have identified as undervalued wines using their vintage value identifier. A few selections have been added to my watchlist, so I go onto Bordeaux Index LiveTrade and place bids to buy, I then offer to sell some of my portfolio. I’ll go back to my dashboard later to see whether any of my bids or offers are now completed trades.
As I am off to Tuscany tomorrow I go on to CellarTracker to see what wine is in my Italian cellar. I want to do an evening with friends vertical tasting Ornellaia but am missing a 2014. The API from CellarTracker immediately looks to the latest prices of the wines from Liv-ex and simultaneously from Pix to see all the best options to buy it (from the producers, most inexpensive, closest, fastest, or from a peer-to-peer sale). By looking online we can see my friend who lives in the nearby town has one in the far-left corner of her cellar. So, we consult Liv[1]ex to get the latest price and I agree to trade with her. I don’t give her cash or transfer money. She’d prefer me to allocate to her tokens on the OpenVino blockchain for several bottles of Costaflores Mendoza Malbec MTB 2018 instead.
I have an immersive lunchtime online tasting on VIVANT. To get me in the mood, I grab some champagne out of the fridge. It was recommended to me by Pix for the perfect lunch time tipple based on my preferences. It was delivered to me earlier by Drizly. Don’t judge me – I won’t drink the whole bottle that early in the day! Using Coravin Sparkling I can indulge in one glass, putting the rest of the bottle back for later. I head out to a dinner with like-minded club members of Le Cercle of SGC. We are shown the latest dashboard of analysis and scores of Bordeaux’s best soil from their lab and drink the most exclusive release based on the blend of the best parcels.
Over dinner we talk about the Bordeaux domaines we have bought in the metaverse. There is a good chance this virtual real estate is going to include places where people will want to create immersive experiences. Another benefit of being an early adopter in fine wine technology
While there is all this talk of technology, the club members and I remind ourselves of how fine wine is a special type of product anchored in history, with someone quoting Robert Louis Stevenson’s quote:
“Wine is bottled poetry.”
FOR OTHER WINE-RELATED ARTICLES VIEW:
FOOD AND DRINK CAPSTONES PILLAR CLICK HERE
TO HEAR SIMON PAVITT’S INTERVIEW ON A TABLE FOR TWO’ PODCAST ON SPOTIFY CLICK HERE
OUR ARTICLE IN LUXURY LIFESTYLE MAGAZINE CLUB OENOLOGIQUE CLICK HERE
MICHAEL BAUM’S WINE CAPSTONE CLICK HERE
ROBERT EDEN’S WINE CAPSTONE CLICK HERE
THE FUTURE TECHNOLOGY IN FINE WINE CLICK HERE
MIKE T BARROW’S OPEN VINO CAPSTONE CLICK HERE
ENGLISH SPARKLING WINE AND CAUTIONARY WINE CAPSTONES CLICK HERE
TO READ MORE ABOUT THE HOME FOR FINE WINE CAPSTONE 67 PALL MALL CLICK HERE