What happened at iDealwine auctions in March? Among the many wonderful sales last month, we saw brilliant prices for the greatest Burgundy names, especially for bottles of ready-to-drink vintages, and Italian stars.
Renewed interest in certain great ready-to-drink Burgundy
Trends in February saw the prices stabilise or even drop slightly for the greatest Burgundy names, but during March, some of the most prestigious domains witnessed the reverse.
For example, a bottle of Clos de la Roche 1990 from Domaine Dujac was auctioned off at €5,446, after nine bidders battled it out to see who would come out on top, placing 19 different bids. This result highlights the importance that overbidding has for mature and stand-out vintages. In fact, the most recent vintages of this wines have all sold for more than €1,000.
Armand Rousseau also saw ready-to-drink vintages appreciate in value as is the case for a Chambertin 2013 which went for €3,211 (+33%).
As for Georges Roumier, his Musigny has also started climbing to the top of the rankings again, although its price is still below that of Domaine Leroy’s, which happens to be the most expensive wine for several years running (the 2006 vintage went under the hammer for €34,100 in 2022). A bottle from the 2010 vintage went for €16,902 in March.
Stabilisation at the highest level for fine Italian wines
Year after year, the finest Italian wines – especially those from Tuscany – see their auction prices grow and grow. In 2022, they represented 61% of the value of non-French wines sold at iDealwine auctions. March saw their prices stabilise but at their highest level.
A Barolo Riserva Monfortino 1955 by Giacomo Conterno was auctioned for €895.
Tenuta Dell’Ornellaia’s flagship wine, Masseto, sold for €851 (+4%).
And the most famous Italian wine, the Super Tuscan Sassicaia 2016 went for €475 (+26%).
The rare Solaia cuvée from Antinori, which is only produced in the greatest years and whose 1997 vintage was deemed the best in the world by Wine Spectator, passed through our auctions and a bottle from 2016 sold for €450 (+23%).
Finally, the Barolo Monvigliero Comm. Giovan Battista Burlotto 2016, the domain’s symbolic cuvée, went under the hammer for €425 (+23%).