Discover iDealwine’s Barometer, the Bible for investing in wine! This document analyses the 2022 wine auction market and outlines the trends emerging in 2023. Significant facts, auction records, rankings, and rising wineries in the 14 regions – you can find all this and more in the 160 pages of analysis and tips which is an irreplaceable guide for any wine enthusiast as they manage their collection and make decisions about their future purchases or resales. The fine wine market will no longer be a secretive, intimidating place for you if you have this report in your hands!
If you are an iDealwine customer in our loyalty programme, you will have already received an email with access to the e-book version of our Barometer. However, if you are sat there thinking “I would like to know all about the secrets of the auction market and trends to watch for the coming years,” never fear! The paper version is now available online for purchase. This unique report takes an extremely close look at the fine wine market using iDealwine’s position as a global leader in online wine auctions and France’s leading wine auctioneer.
2022, a new record year for wine auctions
In 2022, 47 auctions took place on the iDealwine website, nine of which included private collections (collections of wine assembled by enthusiasts with a minimum value of €250,000). 197,928 bottles – scaled to 750ml – were sold at auction (a 4% rise) throughout the year for a record value of €38.3 million (fees included), which in itself is an increase of 40%.
These figures highlight the impact of high prices. At iDealwine auctions last year, 750ml bottles went under the hammer anywhere from €1 to €34,100 with an average price of €194 (an increase of 39%). One of iDealwine’s specialties is the range of regions available on its site.
While Bordeaux, Burgundy and the Rhône Valley were the forerunners at auction (making up 73% of the volume sold and 83.6% of the value), the 14 regions being reviewed in the Barometer are overflowing with hidden gems and stars of today and of tomorrow. It’s for this reason that readers like to take their time when reading the section “Domains to follow”.
2022, a year of contrasts
Though the first half of the year was marked by strong price increases, the final quarter saw a relative calming of this trend, and even a drop in price for certain domains which had previously soared. It is worth noting, however, that this price drop did not reverse all of the strides made in the first half. This is not new as we have seen in the past that the prices tend to plateau in the final quarter of the year. In 2022, this situation was caused by several factors which included high inflation, an increase in interest rates and an unstable international geo-political state that cause wine lovers to take great care when making their purchases.
The highest-priced wines of 2022 (fees included)
The best-selling domain was Domaine d’Auvenay with 386 bottles (when scaled to 750ml) selling for a value of €2.1m, representing an average price of €5,464 per bottle.
The highest-priced auction lot ended up being an assortment of 12 Domaine de la Romanée-Conti grand crus from the 2018 vintage – 1 Corton, 1 Montrachet, 2 Echézeaux, 1 Grands-Echézeaux, 2 Romanée-Saint-Vivant, 1 Richebourg, 3 La-Tâche, and 1 Romanée-Conti. The case went under the hammer for €84,320.
The 750ml bottle that went for the highest price was a bottle of Musigny Grand Cru 2006 from Domaine Leroy. It sold for €34,100 at an auction in May 2022.
The highest-priced bottle regardless of size was an imperial of Petrus 2015, which sold for €62,000 in December 2022.
Buy the 2023 Barometer here