Recent trading activity
Bordeaux’s trade share slipped below 20% this weekend, while Burgundy accounted for nearly 35% of the market by value. The 100-point (WA) Jacques-Frederic Mugnier Musigny Grand Cru 2015 was in the spotlight andlast changed hands at £42,254 per case.
Two 100-point wines led trade within Tuscany, with the region also enjoying increased demand this weekend. Solaia 2016, which received the perfect score from The Wine Advocate’s Monica Larner, took the top spot, followed by Ornellaia 2019, which boasts 100-points from Lisa Perrotti-Brown MW (The Wine Independent).
Neal Martin on Domaine de la Romanée-Conti’s 2020 vintage
The 2020 vintage of Domaine de la Romanée-Conti was recently presented to UK trade and critics, who had the chance to taste it in bottle prior to its release. Vinous has now published Neal Martin’s assessment, which ‘correlates’ to his in-barrel review, according to the critic.
In his report, Martin revealed that ‘in terms of style, the 2020s fit into the category of more powerful wines from Domaine de la Romanée-Conti, with alcohol levels circling around 13.5%’. He added that ‘there is much to admire’ in the reds.
Romanée-Conti achieved his highest-score of 99-points, as the table above shows. He described it as ‘stunning’ and noted that ’500 cases were produced’.
On the topic of volumes, Martin wrote that production figures ‘are higher in 2020 than 2019 […] however, somehow, I think the laws of macroeconomics dictating prices decrease with increased supply will not apply’. He pointed out the ‘minuscule volumes in 2021’ as part of the reason why – a topic we explored in our report, Burgundy 2021 – For the few, not the many.
Martin further suggested that ‘as Burgundy prices begin to soften, even at the top end, it will be interesting to see how, or even if, this impacts the market for DRC’.
As the chart above shows, Domaine de la Romanée-Conti Romanée-Saint-Vivant has seen the biggest decline recently, falling 8.1% between October 2022 and January 2023. However, it is third best-performing DRC over the last two years.
During this period, Domaine de la Romanée-Conti’s Grands-Echézeaux has been the biggest riser, up 90.0%, followed by Echézeaux, up 86.2%.
Domaine de la Romanée-Conti’s most expensive wine, Romanée-Conti, has risen the least, up 39.3% over the last two years.
There are currently over 7,275 LIVE Burgundy opportunities on your exchange, and over 1,474 of these are for Domaine de la Romanée-Conti.
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 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines.
