July 2016 – Le blog iDealwine

Post author:iDealwine
Post published:22 July 2016

The stars at auction in the first half of 2016

After six months and 12 sales, it's time to take a look back at the wines fetching the highest prices at iDealwine's online auctions in the first half of 2016. A handful of contenders vie for all places in the rankings, but in a surprise turn, a legendary bottle from the Rhône has knocked Romanée-Conti from the top position. iDealwine's Winedex rose by 4.93% in the first six months of the year, but which labels sold for the highest bids? Romanée Conti and Petrus at the top Two estates, Romanée-Conti in Burgundy…

Post author:iDealwine
Post published:21 July 2016

Auction Report: top prices for Bordeaux 2005 and rare vintages from Rhône, Loire, Champagne and Alsace

At the auction closed 29 June, Bordeaux and Burgundy made steady progress while prices for rarer vintages from the Rhône, Loire and Alsace rose dramatically. Buyers from overseas, especially Asia, were particularly active at this latest auction. A number of Bordeaux grands crus classés achieved slightly higher prices this time. A 2005 Prestige crate (Petrus, Mouton Rothschild, Lafite Rothschild, Latour, Cheval Blanc and Margaux) sold very well at €6300 - an increase of 11% on iDealwine's accumulated price for the different wines in this crate. The 2005 vintage also continued to make progress…

Post author:iDealwine
Post published:12 July 2016

iDealwine WineDex® indices rise by 4.93% in the first quarter of 2016

iDealwine wine indices have shown remarkable stability in the first quarter despite strong pressure on the CAC 40. Since January 2016, they have recorded a 4.93% rise, even peaking at 9.06% over the last twelve months. iDealwine indices, which are much less volatile than Bourse (French Stock Exchange) indices, have stabilised in recent months. In June, the iDealwine indice100 rose by a modest +0.32%, pushed up by the slight increase in the price of Bordeaux grands crus (+0,47% on the Bordeaux indice iDealwine). The latter experienced a slight upward movement, but by contrast…

Post author:iDealwine
Post published:10 July 2016

Wine auction market: iDealwine reaffirms its #1 ranking

Catherine Chadelat, president of the Conseil des ventes volontaires (French Council of Auctioneers) released the annual activity report for 2015 to the press end of June. The wine auction market increased slightly and iDealwine was once again designated as the leading French player by a considerable margin. A niche market which has grown slightly in 2015 Wine remains a niche market in the public auction arena in France with only 2.5% shares in the total “Art and Collectables” sector. Grands crus from Bordeaux and Burgundy account for the majority of the sales…

Post author:iDealwine
Post published:7 July 2016

Auction report: mature vintages from the top Burgundy on the rise

The sale that closed on 15 June saw a let-up in prices for several regions, notably Champagne, Bordeaux, and in Languedoc the Grange des Pères. Burgundy, by contrast, had a strong showing, particularly for whites. In Bordeaux, one of the main market indicators is Château Lafite Rothschild, which has long served as a barometer of Asian demand. At present we are seeing a stabilisation or even a slight fall in the prices of wines from this Pauillac premier cru. Bottles from 1982 and 1996 sold for the same as their iDealwine estimate…

Post author:iDealwine
Post published:6 July 2016

Brexit and its impact on the wine market

Following the announcement of Brexit, shock waves ran through the wine market too. Even if it is still too early to forecast with any accuracy what its medium or long term effects will be, we are already able to broadly outline how Brexit will impact on wine trading between the United Kingdom and Europe. The United Kingdom has always held a dominant position in the wine market, a position maintained in particular by the strengthen of leading merchants and long-established brokers who are able to call the shots when it comes to prices…

Wine

Post author:iDealwine
Post published:4 July 2016

Are expensive wines really better?

When it comes to selecting a wine we’ve never tasted before, we’ve all asked ourselves this question: can we be certain (or at least stand a greater chance) of getting a top quality wine if we pay a higher price? In theory this is a hard question to answer … However, it would seem that scientific experience from blind tastings can give us some valuable insight into this matter … François Lévêque (Professor of Economics at Mines-Paristech) has written a fascinating article on this topic for lesechos.fr and iDealwine, so we decided it…