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We then estimated the returns for each portfolio, before storage and transaction costs.Ĭollectors who have drunk most of their Pinot already may need another glass after seeing the results. We built portfolios of 50-500 of the most expensive unique labels (one vintage of one wine) from each region. The data contain 1.6m lots, covering 33,000 wines.
#BURGUNDY WINES FULL#
To create a sturdier measure, WineBid, the biggest online wine auctioneer, kindly gave us a full sales record for every wine sold at least ten times on its site since 2003. Among the hundreds of fine red Burgundies, Liv-ex, a marketplace, includes just 11 in its regional index. But the region’s vast array of wines-including trophies as scarce as 300 bottles a year-makes reliable pricing data hard to find.
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But the bubble burst in 2012, when China’s government began to frown on lavish gifts.Īs tastes moved on from commoditised Bordeaux, mastery of Burgundy became seen as the test of connoisseurship, both in Asia and the West. A decade ago, Bordeaux-which makes fewer distinct wines in larger batches-became popular in Asia, and prices soared. In the past, Burgundy’s complexity and small output relegated it to a market niche. The best wines blossom after a few decades, but many never “wake up” from their slumber. After a few years of storage, it tends to “shut down” and lose flavour. Moreover, red Burgundy is made from Pinot Noir, a grape with a maddening ageing pattern.