The Bordeaux Index view
Fine wines & spirits specialists Bordeaux
Index kindly sponsor this section of Decanter, and provide their view on the market here. They can be found at Bordeauxindex.com. Much has been written in the last few years around the possibility that there is a Burgundy ‘bubble’: that prices are unsustainable and could see a sharp correction. Yet approaching three years on from the rapid market gains of 2017-2018, prices have largely stabilised and indeed in recent months started again on an upwards trajectory.
It is important not to generalise. That 2017-2018 period was noteworthy for the market gains being not only in the best-known names – Rousseau, Roumier, DRC et al – but also in the second and third tiers of producers. Collectors experienced this most markedly in the premiers crus of well-known but not ‘blue chip’ producers moving into a totally different – far less affordable – price context. But the current market momentum behind Burgundy is rather different: top names are seeing pan-global demand, so prices are again heading upwards; the rest of the pack has a different buyer pool and is largely static both in prices and volumes bought and sold – something which the current en primeur pricing context for many such wines will not overly help.