The global wine market in 2017: the OIV’s economic assessment
Last week saw the OIV release their economic assessment of the global wine market in 2017. Read our round up of the key trends defining this industry.
April Auction Report: a market oriented towards rare bottles
Rare bottles and mature vintages from all the different winemaking regions caught the attention of bidders in April. Read on for a breakdown.
A year at auction: the Top 50 most expensive bottles of 2017
2017 was a record year for the iDealwine auction platform. More than 111,000 bottles, originating from great vineyards all over the globe, were exchanged over the course of the year. We reflect on the 50 highest priced wines sold at auction last year. With the 2018 iDealwine Barometer flying off the printing press next week (information to follow soon, watch this space!), we take a moment to consider the staggering rankings that emerged from auction in 2017. 2017 was a year of superlatives for the iDealwine auction platform that saw wines (but not…
Champagne exports in 2017: a record year
The Comité Champagne (Comité interprofessionnel du vin de Champagne) has announced that Champagne has set a new record for turnover in 2017, with sales reaching €4.9 billion. This strong progression has been fuelled by a growing international market and a subsequent increase in exports. Last week the trade association Comité Champagne revealed the impressive Champagne sales figures for 2017. At €4.9 billion, 2017 has been a hugely successful year for Champagne producers. This is thanks mainly to an increase in exports which registered a 6.6% rise compared to 2016. The Comité Champagne also…
RECORD: German Riesling from Egon Müller fetches €12,160 at auction
It’s record after record here at iDealwine! First, we saw a bottle of Hermitage Cuvée Cathelin from Domaine Chave go for an impressive €8,512 at auction. This time, it was the exceptional Trockenbeerenauslese 1976 from Egon Muller that reached new heights: this German Riesling was cinched by a Chinese wine enthusiast for €12,160. Egon Muller’s superbly light sweet wines have become renowned for their finesse to the extent that they are now prized the world over. This domain has remained in the family since it was first founded in 1797. Jean-Jacques Koch’s (Egon…
New record: €8,512 for a Jean-Louis Chave Cathelin Hermitage
This cult Hermitage domain continues to impress. The iDealwine auction on the 28th February saw a bottle of its almost unobtainable cuvée go for €8,512 to a Polish wine lover, an iDealwine record. Although the Chave dynasty goes back to the end of the 15th century, their current notoriety is somewhat more recent. On the 28th February, a bottle of the 2003 Cuvée Cathelin from Jean-Louis Chave sold for €8,512 at the iDealwine auction and put this domain squarely in the headlines. Wines from this domain have had a favourable reputation ever since…
Auction Report: wines from Domaine Jacques-Frédéric Mugnier continue to soar
The trend may not be recent but it is certainly intensifying. Domaine Jacques-Frédéric Mugnier has magnificent plots in Musigny, Chambolle- Musigny Les Amoureuses and Bonnes-Mares, not to mention their monopoly in Nuits-Saint-Georges, Clos de la Maréchale. The latest auctions at iDealwine confirm a surge in the price of bottles from this domain. Founded in 1863 by Fédéric Mugnier, a liqueur manufacturer from Dijon, this Chambolle-Musigny domain initially spanned around 20 hectares in the heart of the Chambolle and Nuits-Saints-Georges appellations. At the time, the wines were sold under the label Château de Chambolle-Musigny…
China on course to be the world’s second largest consumer market for wine by 2020
New wine import figures released by the Chinese government give us a glimpse into China’s consumer preferences in this burgeoning market. The latest report from the Chinese government reveals that in 2017 overall imports of bottled wine in China rose by 14.6% in volume and 16.4% in value compared to 2016, putting this country on course to be the second largest market in the wine industry by 2020. The figures also show that the Chinese are still buying French: French wines remain the market leader and account for 40% of the market share.…
America leads the way in wine consumption
The latest study from Vinexpo/ International Wine and Spirit Research is out, and it makes for interesting reading. According to this research our friends across the pond are buying more wine than ever, and they’re spending more on it too. America has dominated the market for quite some time: it has been the largest wine consuming nation for the past 23 years and has shown consistent growth. Not only are American wine drinkers buying more wine than ever, they are also spending more than ever, with the average price spent on a bottle…
Mixed case of 2010 Romanée-Conti goes for €36,723 at auction
A case of Romanée-Conti Grands Crus sold for €36,723 at auction at iDealwine on 18th January, a sale that sees a price increase of 30% for each wine. This case included some of the most sought-after wines from the legendary Domaine de la Romanée-Conti in Vosne-Romanée. This lot started the New Year off in style and sets the tone for 2018 auctions. No doubt the vintage of these wines affected the price enormously as 2010 is now being considered one of the strongest in France, especially in Burgundy. 2010 produced high quality wines…
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