The iDealwine indices appreciated by 0.81% in May, resulting in an overall growth of more than 7% since the beginning of 2015.
The iDealwine indices continued its upward trend in May, with Burgundy setting the tone, realising an increase of 1.16% for this regional index. This amounts to an increase of more than 14% over the past 12 months!
Angélique de Lencquesaing, deputy managing director of iDealwine, notes that wines from recent vintages included in the index are generally very desirable after their release. This explains the upward trend observed with the great Pinot Noirs (mainly from Côte de Nuits) and, to a lesser extent, the Chardonnays, all contributing to the overall value of the index.
Bordeaux was practically stable this month (+0.08%), although it remains in the red on a year to year basis, at -2.29%. “This decline is mainly due to the struggle of recent vintages to achieve price stability,” Angélique says. “However, at the same time, top older vintages (like 2000 and 1990) – which are not included in the index – continue to generate strong demand.”
The wines of the Rhône Valley are also highly sought-after and this regional index rose 0.53% in May, marking an increase of 10.75% year on year.
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