Are aged wines still valuable?

Previous iDealwine auctions recorded impressive prices for older vintage wines. Now is the time to sort out your wine cellar!

Aged wines imageOnline sales at iDealwine saw the prices of some older vintages soar. A bottle of Château Gruaud Larose 1928 sold for €531, while a Beychevelle of the same vintage even reached €826.

Not surprisingly, the first growths will always be valuable collector’s items. Latour 1947 sold for €770, with Mouton Rothschild 1918 reaching €767. Sauternes is ageing well and prices are regularly estimated by auctions – a 1929 Climens sold for €826, while a Rayne Vigneau 1908 went for €472.

Looking to Burgundy, prices are reaching incredible levels: a bottle of La Tâche Grand Cru 1923 sold for €3,656, while a 1921 Musigny of Vogüé reached €2,949. Another 1966 Musigny from Faiveley went for €1,569, confirming that these wines have gained a global reputation.

Less prestigious bottles are additionally also realising more than respectable prices. A bottle of Montrachet 1929 (from Nicolas) sold for €342! A Latricières-Chambertin from the same origin and vintage sold for €377. Saint-Denis from the same year reached €307, while a Gevrey-Chambertin « le Saints » 1928 sold without reserve price for €265.

So, if you come across a series of (very) old bottles while going through your cellar, don’t throw them away! Some, of course, can’t be sold due to their condition: low or empty wine level, missing label, loose cork or destroyed capsule. But apart from these extreme cases, if you decide to sell, you could make some good money.

And if the state of a bottle does not allow it to be sold, do not throw it away, but open it instead! At worst, you will be fleetingly disappointment, but at best, you will experience something exceptional. All of this simply requires you to carefully sort through your cellar…

However, don’t think that the older a wine is, the higher its price will be. Wine prices follow a curve that corresponds with its peak condition. It progresses slowly and peaks when the wine, too, appears at its best. Then, once it exceeds this peak, the price will also experience a slow decline. However, certain vintages are more sought-after and rare, especially when a wine is from a vintage dubbed “the century”, as in 1929, 1945 or 1961. Come on then, everyone to their cellars now!

Translated from the original French article written by Angelique de Lencquesaing for iDealwine

 

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