FINE WINE PRICE INDICES
JANUARY 2022
Date : January 9, 2021
A crazy 2021
After 2 to 3 years of near stagnation in prices, 2021 will mark a turning point in the world of fine wines. It is a record year for all regions and vintages, prices have never been so high.
- Bordeaux:
- WD Bordeaux 100, the biggest market index available for Bordeaux wines (100 wines over 14 vintages, 1.9 billion euros) is up by 16.7% in 2021.
- All previous records were broken.
- No vintage is an exception to this increase in 2021, in particular 2005 (+ 21.5%) and 2009 (+ 19.7%).
- How to explain the strong price increase?
- Strong demand in the form of catching up after a very poor 2020 in terms of turnover.
- Low releases by Bordeaux châteaux onto the market. The majority of players confirm a significant drop in allocations from the “grands crus”.
- The value of available stock from the last 16 vintages has fallen sharply to €326 million, which does not suggest a lull in prices in 2022.
- Burgundy:
- The price evolution of the great Burgundies is just staggering. With production volumes still declining and strong demand, the price of the most searched wines has blown up: +58% for DRC, +29.3% for the “grands crus”!
- Rhône: strong growth in the Rhône market index (+ 14.9%). Note the impressive progress of Rayas (not included in the index): +230% in 2021.
- Champagne: while the market was used to stagnating prices for major Champagne brands, 2021 will also mark the return of price increases (+ 9.6%).
- The great wines of Italy and California follow the same upward trend in 2021 with respective increases of 16.2 and 30.2%. (modifié)
Bordeaux
| Bordeaux market indices | Previous month |
Current Value (€M) |
Max (M€) | 1 month |
YTD | 1 year | 3 years (per yr) |
5 years (per yr) |
10 years (per yr) |
|
| WD Bordeaux 90 | 1099 | 1113 | 1113 | 1.3% | 0.0% | 12.8% | 3.8% | 4.1% | 1.8% | |
|---|---|---|---|---|---|---|---|---|---|---|
| WD Bordeaux 1CC (10 wines) | 761 | 776 | 776 | 2.0% | 0.0% | 23.0% | 6.5% | 5.2% | 1.2% | |
| WD Bordeaux 100 | 1860 | 1889 | 1889 | 1.6% | 0.0% | 16.7% | 4.9% | 4.5% | 1.6% | |
| GBP/EUR | 1.175 | 1.191 | 1 | 1.4% | 0.0% | 7.1% | 1.8% | 0.5% | -0.3% | |
|
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| WD Bordeaux 100* price indices per vintage | Previous month |
Current Value (€M) |
Max (M€) | 1 month |
YTD | 1 year | 3 years (per yr) |
5 years (per yr) |
Primeurs** (per yr) |
Offers (k€) |
| 2003 | 2031 | 2074 | 2074 | 2.1% | 0.0% | 16.8% | 5.4% | 4.6% | 7.4% | 10156 |
| 2004 | 1730 | 1741 | 1741 | 0.6% | 0.0% | 16.1% | 5.0% | 5.0% | 8.5% | 5857 |
| 2005 | 2523 | 2592 | 2592 | 2.7% | 0.0% | 21.5% | 7.4% | 5.1% | 5.8% | 26952 |
| 2006 | 1801 | 1842 | 1842 | 2.3% | 0.0% | 17.5% | 5.7% | 5.1% | 5.2% | 15875 |
| 2007 | 1623 | 1652 | 1652 | 1.8% | 0.0% | 14.5% | 4.9% | 5.1% | 5.6% | 9606 |
| 2008 | 1782 | 1808 | 1808 | 1.5% | 0.0% | 15.6% | 5.4% | 5.3% | 8.8% | 9665 |
| 2009 | 2593 | 2637 | 2637 | 1.7% | 0.0% | 19.7% | 6.4% | 4.0% | 4.6% | 27824 |
| 2010 | 2468 | 2494 | 2494 | 1.1% | 0.0% | 15.1% | 5.9% | 3.8% | 3.0% | 28417 |
| 2011 | 1587 | 1610 | 1610 | 1.4% | 0.0% | 16.2% | 5.9% | 5.2% | 4.2% | 16143 |
| 2012 | 1585 | 1614 | 1614 | 1.8% | 0.0% | 16.8% | 6.7% | 5.9% | 7.5% | 14698 |
| 2013 | 1452 | 1474 | 1474 | 1.5% | 0.0% | 14.8% | 5.6% | 6.0% | 8.1% | 10443 |
| 2014 | 1552 | 1569 | 1569 | 1.1% | 0.0% | 15.6% | 5.3% | 5.3% | 8.6% | 23639 |
| 2015 | 2009 | 2038 | 2038 | 1.4% | 0.0% | 14.8% | 3.7% | 5.9% | 9.1% | 41894 |
| 2016 | 2063 | 2078 | 2078 | 0.7% | 0.0% | 16.0% | 4.6% | 8.3% | 49892 | |
| 2017 | 1561 | 1570 | 1570 | 0.6% | 0.0% | 12.9% | 1.8% | 6.3% | 35747 | |
| 2018 | 2028 | 2036 | 2036 | 0.4% | 0.0% | 13.6% | 15.9% | 53892 | ||
| 2003-2018 Bordeaux price index*** | 1984 | 2010 | 2010 | 1.3% | 0.0% | 16.1% | 326808 | |||
* 100: Château Latour et Les forts de Latour are not included in our indices per vintage
BURGUNDY, RHONE and CHAMPAGNE |
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| Region / market indices | Previous month (€) |
Current value (€) |
Max value (€) | 1 month |
YTD | 1 year | 3 years (per yr) | 5 years (per yr) | ||
| Burgundy 1er crus (165 wines) | 185.7 | 183.7 | 185.7 | -1.1% | 0.0% | 34.6% | 10.9% | 12.1% | ||
| Burgundy Grands Crus (178 wines) | 304 | 313 | 313 | 3.0% | 0.0% | 29.3% | 10.4% | 10.4% | ||
| Burgundy DRC (12 bt case, 6 wines) | 38305 | 40500 | 40500 | 5.7% | 0.0% | 58.0% | 13.0% | 16.4% | ||
| Burgundy top Grands Crus (24 wines) | 1627.2 | 1693.7 | 1693.7 | 4.1% | 0.0% | 46.7% | 10.3% | 15.8% | ||
| Rhône (13 great wines) | 253.6 | 256.2 | 256.2 | 1.0% | 0.0% | 14.9% | 3.5% | 3.8% | ||
| Champagne NV (37 wines) | 28.67 | 28.85 | 28.85 | 0.6% | 0.0% | 9.6% | 3.6% | 2.7% | ||
| California (21 wines) | 382 | 397.1 | 397.1 | 4.0% | 0.0% | 30.2% | 5.3% | 5.3% | ||
| Italy (33 wines) | 180.4 | 182.9 | 182.9 | 1.4% | 0.0% | 16.2% | 6.4% | 6.7% | ||
ExplAnations
WD 90 Bordeaux market index is based on the market price average (in euro) of the top 90 wines of Bordeaux. First growth Bordeaux are not included. The last 14 available vintages of each wine at any given date are included in the index calculation.
WD Bordeaux 1CC market index 1CC index is based on the market price average (in euro) of the 10 first growth (or equivalent) of Bordeaux (Angélus, Ausone, Cheval Blanc, Haut Brion, Lafite Rothschild, Latour, Margaux, Mouton Rothschild, Pavie, Petrus). The last 14 available vintages of each wine at any given date are included in the index calculation.
For example, the WD Burgundy 1er Cru index represents the evolution of the average value of 165 Burgundy crus.
The last 14 available vintages of each wine at any given date are included in the index calculation.
=> The list of wines included in each index