The makers of a new red blend from China are aiming to lure luxury wine connoisseurs from such established regions as Napa and Bordeaux, betting they’ll spend $250 a bottle on something novel and adventurous.

I got a sneak preview of the first vintage of the wine at a dinner last week in Manhattan, where I was the first U.S. journalist to taste it.  The Chinese red, which is backed by luxury powerhouse LVMH, is evocatively labeled Ao Yun, which means “roaming above the clouds.” It’s a reference to the craggy, remote aeries in which the grapes are grown in the Tibetan foothills.

With the hefty price tag, only 24,000 bottles in existence, and a romantic  “epic journey” story, this red blend seems squarely aimed at thrill-seeking collectors anxious to try the latest. Is it worth it? If you measure value by the effort and money it took to make the wine, the answer is yes.

As for the flavor, the quality is definitely there—if not quite commensurate with the price point. Deep-colored, luscious 2013 Ao Yun is certainly the best red from China I’ve yet sampled. The blend of 90 percent cabernet sauvignon and 10 percent cabernet franc is ripely fruity, dark, and powerful, with a spicy tang, a hint of licorice, and a silky smooth texture. It’s nearly 15 percent alcohol and tastes unique, something like a combo of a Spanish Ribera del Duero and a Napa cult cab. There’s tons of tannin, so it should age for a long, long time. It was a pretty good accompaniment to braised short ribs, too.

The Backstory

But let me back up. Before dinner, as we sipped another LVMH wine (a 2006 Dom Perignon), the president of Moet Hennessy’s Estates and Wines division Jean-Guillaume Prats, filled me in on its complicated story.

The venture began in 2009, when Christophe Navarre, chief executive officer of Moët Hennessy, indulged a long-held dream to find a spot in China that would be perfect for making red wine. He tapped Australian enologist Tony Jordan (who had established Chandon in Australia and managed the company’s other wine estates there) to undertake a several-year-long search throughout China for the best terroir.

Jordan rejected provinces in which other producers are deeply engaged in the race to produce a great Chinese red.  Shandong, an eastern coastal province where Château Lafite Rothschild has a joint-project, was too wet. Ningxia, where Moët Hennessy founded a Chandon sparkling wine facility on the Yellow River in 2013, was too cold; vines have to be covered up in winter so they don’t freeze.

He ended up in the northwestern part of Yunnan province, adjoining Tibet, where Jesuit missionaries had planted vines in the 19th century.

In 2002, the local Chinese government helped farmers in 25 or so Tibetan villages on the steep slopes above the Mekong River plant cabernet vines as a way to diversify their crops. Moët Hennessy selected four villages, two on each side of the river, at elevations from 7,200 to 8,500 feet, for their grape potential.

The 320 plots of vines the company controls are interspersed with rows of tomato and occasional hashish plants. Moët Hennessy has a 50-year lease on the vineyards, a partnership with Chinese baijiu producer VATS. The closest major city is Shangri-La, named for the peaceful utopia in the novel Lost Horizon.

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