News

Burgundy wines soaring in value

24th October 2012


Christie’s have reported that Burgundies are performing incredibly well right now. In particular Domaine de la Romanee-Conti has performed well. Although Bordeaux wines are still top dog, Burgundies are gaining notoriety in the market, especially Asia.
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As production in Burgundy is smaller than Bordeaux, it is more difficult to get hold of. Also the wines are more subject to variation by vintage and grower. This scarcity of wine drives up demand and desire for Burgundies, especially across Asia. Asian buyers love the pairing of Burgundy and their native seafood dishes because it is softer on the palate and more versatile than Bordeaux.
The two big names in Burgundy wine for Asian investors right now are Domaine de la Romanee-Conti and Henri Jayer, but other producers are now becoming well known. They include Leroy, Ponsot, Lafon and Dujac. In 2005, a magnum 1971 Romanee-Conti on average went for around £6500 in auctions; the price is now over £21,000.
It is clear that there is huge investment potential with fine Burgundies right now. As the Asian market expands, investors and consumers will look to regions other than Bordeaux for fine wine. Burgundy appears to be the perfect fit right now.
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