Despite a slight slow-down in April, the Rhône Valley has been boosting performance on the iDealwine iDealwine indiceindex for the last year. However, Burgundy has been coming up on the inside track since early 2017. Let’s take a look at the facts.
While the CAC 40 has bounced back after the highs and lows of early 2016, prices on iDealwine indices have risen by 6.93% over the last 12 months. This rise has primarily been boosted by the recovery staged by Rhône Valley wines. Spurned for a long time by wine enthusiasts in favour of Bordeaux and Burgundies, their prices have picked up. This is the case in particular for Guigal Côte-Rôtie wines which are especially sought after in vintages which are now reaching maturity, notably the splendid 2005. For more recent years represented in the iDealwine indices – the selected vintages in 2017 span the period 2003 to 2012 – Château Rayas and Chave Hermitage wines have continued to rise and have contributed to the good performance of the regional index.
By contrast, if we zoom in and study trends since the beginning of the year, we can see that the overall rise on the wine indices tracked by the iDealwine indice100 is 4.34%. During this period, it is not the Rhône, but Burgundy which has fostered this growth, with a performance of 5.26% since the start of 2017, which continued in April (+0.95% for the Burgundy iDealwine indiceindex last month). Côte-de-Nuits grands crus continue to be the stars, and recent records for mature wines – a Chambertin 1971 from Domaine Rousseau went under the hammer for €4,081 in April on iDealwine – are prompting enthusiasts to seek out more recent wines from prestigious domaines before prices rises. Prices for names such as Rousseau, Roumier, Mugnier and Romanée Conti, of course, continue to rise, even in the most recent vintages.
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