Looking at the prices of Burgundy it can be hard to imagine there are still grand crus offering relative value. Yet while the prices of Romanée-Conti, Musigny and Montrachet have indeed climbed to extraordinary heights, not all of Burgundy’s grands crus have been caught up in the pricing wave.
Liv-ex looked at the Market Prices of Burgundy’s grand cru wines from the 2000 to 2019 vintages and found that the average price of grand cru Burgundy is £5,720 per 12×75.
However, seven appellations have an average price in excess of four figures: Romanée-Conti, La Tâche, Musigny, La Romanée, Richebourg, Montrachet and Romanée-St-Vivant. As one might imagine, these crus also have the biggest premium over the total average. Romanée-Conti for example is 4,000% more expensive than our £5,720 average, with an average price of £243,841.
Due to the high prices commanded by these crus, we decided to run the numbers again and remove them from our calculations. We also opted for wines with case prices under £20,000, to give a new average of £4,608 per 12×75.
The following chart shows the difference between the average Burgundian grand cru’s price and the overall average. As such, appellations with prices below the average might be considered as offering relative value.
These include: Mazis-Chambertin (£4,527), Clos de la Roche (£4,329), Clos des Lambrays (£3,986), Bâtard-Montrachet (£3,955), Bienvenues-Bâtard-Montrachet (£3,600) and Corton-Charlemagne (£3,128).
For Burgundian LIVE offers click here.
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 560+ 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.
