8 wines to represent iDealwine | Barometer Launch in Hong Kong

8 bottles of fine wine Launched at home in France some months ago, Dealwine’s Barometer is in the spotlight once again,this time in Hong Kong.

A bumper 200-page edition for 2021, iDealwine’s Barometer is a veritable goldmine of information about emerging and long-term trends in the fine wine auction market.

Despite pandemic-related restrictions, iDealwine held 41 auction sales in 2020 (one auction every 9 days), including six private collections. Today more than 40% of all wine auctioned in France passes through iDealwine’s cellar. In 2020, over 175,000 bottles were auctioned for a total of €23.4 million (+9.5%). The data drawn from all of these factors allows iDealwine to identify trends almost as they happen. The Barometer zooms in on the auction data, analysing the most sought-after properties in each region and pointing out those that merit a closer look.

What we have observed from the global pandemic is that emerging trends at auction are more pronounced than in previous years. This is particularly clear in the rising demand for more eco-friendly wines, including organic, biodynamic, and natural producers.

Bidders in Hong Kong

In Hong Kong, 56% of the bottles bought at auction were Burgundy, just 30% from Bordeaux. This is in stark contrast to trends in France, where the demand for Burgundy and Bordeaux is much more balanced.

Elsewhere in Asia, similar trends are identified in the Barometer – great fans of Pinot Noir and Chardonnay abound, and the countries that like Burgundy really like Burgundy. In Japan, Burgundy represents 67% of the total sales in value and 59% of the volume, leaving Bordeaux far behind at just 12%. The most striking result for this part of the world comes from Taiwan, where 96% of wines bought through our auctions were from Burgundy in 2020! Only in Singapore is Bordeaux preferred.

Top bids from Hong Kong also demonstrated an affinity for the Rhone Valley in 2020, and wines from the Loire Valley wines are on the rise.

Intrigued and want to learn more about fine wine market trends?

iDealwine’s Quintessance loyalty programme members receive a complimentary copy, but you can purchase a copy here too.

Barometer Launch, how to choose 8 wines to represent iDealwine

To celebrate launching the Barometer in Hong Kong, iDealwine was thrilled to be able to host a small and intimate wine tasting in the beautiful Royal Garden Hotel. In order to comply with local pandemic restrictions, the event was held in two sessions.

Watch our welcome video here

Our challenge was choosing eight wines to represent iDealwine and key French wine regions; and match them with a selection of canapés.

Alva Ho, Asia Sales Manager at iDealwine and event organiser, said our clients ‘appreciated the great varieties of wines at the tasting, especially those that are difficult to source in Hong Kong’.

According to Jojo Leung, Sales Assistant at iDealwine and event co-organiser, the favourites on the day were the champagne from Françoise Bedel and the white Saint Aubin from Hubert Lamy.

See our choice below, what do you think of our selection? Let us know in the comments below.