Monthly Market Report – February 2023
February has been an exciting month for Vintage Cellar with the launch of our Burgundy 2021 En Primeur campaign, our annual team trip to Wine Paris and plans to launch our Bordeaux EP 2022 Campaign.
February Fine Wine News:Burgundy En Primeur 2021: Our Burgundy campaign continues, even though there is now very limited availability. Although the growing season was tricky there are some iconic wines still available for those looking to diversify and add to their cellars. In the Spotlight: Domaine Geantet-Pansiot This family run estate has produced an exception array of wines for cellaring and shorter term consumption. Their flagship wine, Charmes-Chambertin Grand Cru 2021, is perfect for a collectors cellar and offers solid longevity to be enjoyed further down the line. Domaine Geantet-Pansiot Charmes-Chambertin Grand Cru (Red) – €1,260 (6 x 75cl)Wine Paris 2023: A few weeks ago our team headed to the Wine Paris exhibition – a wonderful way to meet with our existing suppliers, connect with other wine lovers and see what else is happening in within the world of wine. Our key takeaway was how excited our suppliers are about Bordeaux 2022. The general view is that 2022 is looking fantastic and we can’t wait to get a taste of what is to come in the next few months.Sassicaia 2020: Bordeaux and Burgundy are two regions that are always found within a collectors cellar. A well managed cellar must always have diversity and Italy, specifically Tuscany, is a region one must consider. Sassicaia 2020 has recently been tasted and it is another landmark wine from one of the most sought-after estates on Earth. Many of our customers were lucky to add the 2019 vintage to their cellars and unsurprisingly this sold out. Keep an eye open for the 2020!Wine of the Month: 6 of the Best Vintages from Ch L’Evangile (Ex Chateau) – including the 100 Point scoring vintages from 2009 and 2015. A Note from our Founder – Selim Bocti January and February have been enjoyably hectic and it has been great to see the positive response to our Burgundy 2021 campaign from existing and new clients. Fine Wine has so many upsides and brings people together and that was evident when my team and I went to Wine Paris a few weeks ago. We have some exciting offerings we will be releasing soon but most of all I can’t wait for En Primeur campaign for Bordeaux 2022 to get underway.
- A recent study by the Pambianco Observatory stated that 2022 was ‘a wonderful year for fine wine’, which proved ‘once again more stable than traditional assets, especially in times of economic turbulence’.
- Sothebys Auction house announced that it sold $121m worth of fine wine in 2022, a record year with Burgundy being the preferred region for their clients, followed closely by Bordeaux.
- The most traded wine in Hong Kong and China in 2022 was Ch. Lafite Rothschild.
- Following the annual Southwold tasting in January this year of the 2019 Bordeaux Vintage, critics suggested it might be one of the greatest vintages ever. Ch Lafleur has seen the most impressive performance since release, +194.7%, but there is still value to be found.
- The 2020 vintage of Domaine de la Romanée-Conti was recently presented to the trade prior to it’s release. Romanée-Conti achieved the highest-score of 99-points. Only 500 cases were produced.
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