iDealwine’s WineDex® indices recorded moderate but steady growth in the first half of the year, with their increasing performance of 5.25% at the end of June 2017. Analysis.
The iDealwine indices measure the price fluctuations of a selection of top Bordeaux, Burgundy and Rhône wines at auction. These indicators are calculated from the iDealwine auction price estimates, and each of the wines included in the WineDex® selection are declined in the 10 most recent vintages available at auction (currently 2003-2012). Unsurprisingly, WineDex® indices recorded moderate growth during the first half of the year, with several factors explaining this situation.
First of all, the most recent vintages are not currently the most sought after by buyers, especially for Bordeaux wines, as amateurs preferring rarity focus on more mature wines. The vintages 2011 and 2012, of « classical » quality, are not the most attractive, especially since older wines are sold sometimes at identical or even lower prices. 2009 and 2010, usually seen as expensive, are gradually regaining popularity because of their superb quality. Same situation for the 2005 vintage – the most represented in our catalogs during the first semester. On the other hand, other vintages (2003, 2004, 2006, 2007, and 2008) are not really speculative. Thus, with +2.89%, the WineDex® Bordeaux index records the weakest growth in 2017.
In Burgundy, the situation is different. The now worldwide enthusiasm for this region, especially in Asia, increases the prices of any Grand Cru from the Côte de Nuits. Although the most recent years (2011 and 2012) in the index are not the most qualitative, various factors, particularly climatic factors, contributed to increase their rarity. Indeed, Burgundy index increased the overall growth of the WineDex® over the period, with a 6.34% increase.
The Rhône has a special place at auction. It represented 13% of trade during the semester, with some leading names that monopolized the market’s attention. The prestigious cuvées of the great domains from Châteauneuf, Côte-Rôtie and Hermitage are all marked with rarity and have reached high prices. They have peaked since the beginning of the year, although over the last twelve months, the WineDex® Rhône index recorded the strongest increase (+9.42%). The sharp recovery in the American market – which traditionally buys these wines more than the Asian one – could trigger a sudden rise on the beautiful Rhône cuvées over the coming months.
Of course, these indices trace the three regions, which account for more than 80% of the volumes sold at auction on iDealwine. However, in recent months, there has been a growing enthusiasm for wines, regions and appellations that have long remained confidential at auction. It is precisely these regions, such as Loire, Jura and Beaujolais, that have mostly driven the market. Record prices of some emblematic wines are not included in the index. Other regions could follow this trend which encourages amateurs to look for high quality wines at affordable prices. Recently, we have also noticed that enthusiasts are fascinated by « nature » wines. What would give iDealwine’s statisticians the idea of creating a new index, more specific, which would allow a close look at the evolution of these rising values? To follow, this market is decidedly exciting!
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