Auction report: stagnant Bordeaux & Burgundy vs dynamic Champagne & South

current_auction_echezeauxThe auction closed on 13th April on iDealwine confirmed the stabilisation of prices for the more traditional regions such as Bordeaux and Burgundy. In the meantime, Champagne and South of France where much more on demand while Rhone and Loire were in only rising slightly. Besides these main trends, there were some hot lots in all regions with some significant price increase on the most sought after wines.

The auction has attracted buyers from many countries outside of France who won half of the lots (Hong Kong, China, Singapore, Japan, Italy, UK, Switzerland, Belgium, Luxembourg, Netherlands, Denmark, Finland, United States, Australia, Lebanon …). However, prices remained relatively stable as is the case for now several weeks. Overall no big price surge, only reasonable increases. Vintages from the 1990’s and 2000’s were those which most appreciated, especially « lesser » vintages like 1992.

Bordeaux

Most lots sold at relatively stable prices, or slightly on the rise. It is the case of Petrus, Lafite Rothschild, Mouton Rothschild and Angelus… Some, as Latour, Margaux and Cheval Blanc remain particularly on demand in mature years and register increases by up to 20% (+22% for Latour 2003, +26% for Margaux 1986, +20% for Cheval Blanc 1992, +30% for the 1993). “Lesser“ vintages from the 1990s and 2000s, increase significantly too as Petrus 1992, awarded €1,560 (+21 %) or Lynch-Bages 1999 and Montrose 1998 both on the rise by 23%.

Burgundy

Same trend in Burgundy, were price are stabilising, especially for the domaine whose prices increase significantly in previous auctions: Mugnier, Georges Roumier or Domaine Armand Rousseau, whose prices are decreasing slightly, with the exception of Ruchottes-Chambertin Clos des Ruchottes 2008 that surged to €360 (+49%). Liger-Belair is the producer that drove significant increase in this sale: +17% for Vosne-Romanée Clos du Château 2012, +47% for Vosne-Romanée La Colombière 2011 and even +71% for Vosne-Romanée Aux Reignots 2010, all bought by European wine collectors. Wines from Domaine Jacques Prieur continue to register significant growths: +12% for Montrachet 1997 and +35% for Musigny 1999. Note also the solid performances of Domaine Leroy, with a Corton-Charlemagne 2004 that sold for €1,020 and a Nuits-Saint-Georges Aux Allots 2000 for €360 (6% increase for both).

Rhone

The trend is less obvious, the majority of the prices remain stable whereas some register good performances as this lot of three bottles of Cuvée Pignan 2004 (E. Reynaud) sold for €648, an increase by… 80%. Beyond the references on the rise, the great names of the Rhone remain highly sought after: Jamet (+24% for Côte Brune 1998, +23% for Côte-Rôtie 2008), J-L. Chave (+24% on its Hermitage 2009), Delas (+34% for Hermitage Les Bessards 2009), Jaboulet (+38% for the Hermitage La Chapelle 2000) and Guigal (+28% for the Côte-Rôtie La Mouline 2000). Highly demanded as we mentioned in previous auction reports, the Cornas 2000 from Thierry Allemand (€348 for a magnum, +34%) continues its progression.

Loire

The most acclaimed wines of the region continue their price increase: Clos Rougeard (Le Bourg 2010 rose by 15%), Dagueneau (The Pouilly-Fumé Silex 2012 gained 13%) and François Cotat (+22% for the Monts Damnés 2012 and 29% for the 2013).

Champagne

The fine wine market in Champagne remains small in volume and number of labels compared to other regions, yet it was one off the most dynamic is recent auctions: Jacquesson Signature Extra Brut rosé 1995 went for €180 (+205%!), Cuvée des Princes 1976 from de Venoge sold for €204 (+41%). Dom Pérignon, Pol Roger (Cuvée Winston Churchill) and Egly-Ouriet (Cuvée des Grands Côtés) also performed very well in this sale.

South of France

Wines from the South of France are performing particularly well: domaine de Trévallon (+33% for the 1989, +38% for the 2007), domaine Gauby (+22% for Muntada 2004) or the white wines from Chateau Simone in Palette (+65% for the 1994). The great star from Languedoc, Grange des Pères, remains stable with the exception of the 2002 white which surged to €134 (+41%).

Non-French

Last but not least, the Barolo Tre Tine 2010 from Guiseppe Rinaldi created the surprise and sold for €144. Note also that a Belgium collector successfully bided on some exceptional rhum as this Heavy Rhum Caroni from Trinidad & Tobago 1996 acquired for €276 or this other one from Guyane, Demerara Port Morant Single Cask 1990 sold for €228.

 

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