The price evolution of top Rhône Valley wines should be closely monitored. While these wines represent less than 10% of iDealwine’s Online Auction sales, they recently experienced a surge in popularity, some registering record sales.
The latest iDealwine auction focused on Rhône Valley wines, with the northern part of the region taking the lead. The wines of Côte-Rôtie dominated the auction, instead of the usual Guigal, with its famous trilogy LA-LA-LA (Landonne, Turque, Mouline). These flagship wines are on the rise again and Jamet in particular captured the buyers’ attention, with a classic vintage from the famous Côte Brune. Some of the vintages can go for more than €300, as was the case with the 1998, which sold for €314 through iDealwine on the 25th of February. A wine such as Côte-Rôtie Côte Brune from Gentaz-Dervieux is not only sought-after because of its rarity, but also due to its status as a « collection item ». The 1991 vintage was acquired by a private Asian buyer for €1,080.
The Hermitage appellation was also popular among buyers, who were especially interested in the 1990 vintage. The red Hermitage Jean-Louis Chave sold for €426 per bottle, while Hermitage La Chapelle of Jaboulet went for €420. 2010 was another coveted vintage and a magnum of Ermitage Le Pavillon 2010 sold for €560.
A wide selection of Southern Rhône areas were on offer, including Châteauneuf-du-Pape. The wines of Château Rayas are always popular and the prices stabilised for certain vintages and rose for others (+15% for 1999, to €276).
The “prestige” wines from some larger wineries featured again, but were very sporadic during this auction. For example, a double-magnum case of De Capo 2010 from Domaine du Pegäu sold for €1,200, a price increase of 25% on the iDealwine estimate.