- The average grand cru is around £5,000 per case. This falls to £4,000 when the four most expensive AOCs are excluded.
- Corton is the least expensive grand cru on average, while Richebourg and Montrachet are the most expensive (excluding the top four).
- There are currently 1,300 LIVE offers for grand cru Burgundy.
The market for Burgundy is one of the fastest-growing in fine wine. However, it is still a relatively small selection of grands crus that receive the lion’s share of attention and command the highest prices. A more detailed look at Burgundy’s selection of grands crus reveals that relative value can still be found among these most illustrious and sought-after vineyards.
For example, if we look at the Côte d’Or grands crus traded on the secondary market, the average Market Price per 12-bottle case is £5,720.
There are of course, several crus which are vastly more expensive. For example, Romanée-Conti has an average Market Price of £243,841 (12×75) – 4,000% above the grand cru average. La Tâche, Musigny, La Romanée, Richebourg, Montrachet and Romanée-St-Vivant also have average prices more than twice the overall average.
Grands crus below the average price
Nonetheless, it is striking which vineyards fall below the average price per case. Both Grands Echezeaux and Clos de Tart are around £5,000 per case on average but Chambertin Clos-de-Bèze, Clos de la Roche, Clos des Lambrays and Corton-Charlemagne all have averages between £2,000 and £4,900 (12×75).
Removing the four most expensive crus
Given the huge difference in price between the least expensive grand cru, Corton (£1,726 on average) and the most expensive, Romanée-Conti (£243,841 on average), removing the top four grands crus provides a different picture of relative value.
Without Romanée-Conti, La Tâche, Musigny and La Romanée, the average price of a grand cru drops to around £4,600 per case (see chart below).
Those crus that remain under the average include: Mazis-Chambertin, Clos de la Roche, Corton-Charlemagne, Charmes-Chambertin and Corton which are close to 50% less than the average case price (more than for Corton).
There are currently 4,900 LIVE Burgundy opportunities in total. With over 1,300 of them being for grands crus, buyers looking for relative value have plenty of choice.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 580+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.
