What’s happening in the market?
Domaine Bonneau du Martray, Corton-Charlemagne Grand Cru 2020 pushed Burgundy’s trade share by value to 27.0% yesterday, up from 24.5% this time last week. Domaine Armand Rousseau, Chambertin Grand Cru 2020 and Domaine Michel Lafarge, Volnay Premier Cru, Clos des Chenes 1999 were also among the top-traded wines from the region.
Spain and the Rhône competed closely for market share, holding 3.2% and 3.3% of the market respectively. Vega Sicilia, Alion, Ribera del Duero 2019 and Vega Sicilia, Unico, Ribera del Duero 2006 where the frontrunners for Spain. Meanwhile Chateau Rayas, Chateauneuf-du-Pape 2011 and Clos des Papes, Chateauneuf-du-Pape, Rouge 2022 were the most in-demand wines from the Rhône.
Today’s deep-dive: Clos des Lambrays 2022 released
Yesterday, Burgundian estate Domaine des Lambrays released its 2022 portfolio of wines. The key release from the estate is its grand cru, Clos des Lambrays.
Newly released wines from the estate this year include Morey-Saint-Denis Premier Cru, Clos Baulet, Morey-Saint-Denis Premier Cru, Clos Sorbe, Vosne-Romanee Premier Cru, Les Beaux Monts and Nuits-Saint-Georges Premier Cru, La Richemone
The 2022 has been released at £5,640 per 12×75, a 6.8% increase on the 2021 release price (£5,280 per case).
At this price, the new release comes in above many of the other vintages available on the market.
Clos des Lambrays was the seventh most-traded Burgundian label by value in 2023 and the second most-traded by volume. Trade was most active in the 2020, 2019 and 2018 vintages, followed by the 2017 and 2016.
*The chart above uses the most recent Neal Martin score for each vintage.
Critics’ scores
At the time of writing, Neal Martin (Vinous) is the only critic to have scored the wine. He awarded it 96-98 points and said it is ‘very tender and complex’. Further adding ‘this is undoubtably a great wine with a long-term future’.
Fair Value analysis
Today’s release is coming to the market above the 2018 and 2021 vintage, both of which have 97 points scores from Martin.
The 2018 is currently available at a 50.1% discount to today’s release. The 2021 will also be compelling to buyers. It last traded at £4,568 per 12×75, a 19.0% discount to today’s release.
When it comes to price performance, the 2017 has been the only vintage to have risen year-on-year. However, looking at the last two years, the 2019 and 2018 vintages have performed the best, with their Mid-Prices rising by 14.9% and 8.5% respectively.
The 2019 release was the first vintage at the estate overseen by new manager and winemaker Jacques Devauges. Devauges was hired by LVMH after he left neighbouring property Clos de Tart in early 2019, bringing him on to replace Thierry Brouin who had retired. As a result, the Domaine has reset their pricing strategy to reflect the investments made in the estate.
There are currently over 474 LIVE Domaine des Lambrays opportunities on your exchange.
In case you missed it
Here’s what we have been reading:
- The Drinks Business – China edges closer to breakthrough on Australian wine tariffs
- Liv-ex – March Market Report
- The Times – UK recession looks to be over after economy grows in January
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 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 20,000 wines.
