iDealwine, France’s Top Wine Auctioneer for 6 Consecutive Years

The CVV has confirmed, for the sixth year running, that IWA (International Wine Auction, a subsidiary of iDealwine), is the leading wine auctioneer in France (for the sixth consecutive year), now boasting a 42% market share.
iDealwine has held 41 auction sales in 2020 (one auction every 9 days) with over 175,000 bottles auctioned for a total of €23.4 million including tax – meaning over 40% of all wine sold at auction in France (up from 37% in 2019). Auctions aside, iDealwine’s fixed price sales, which include wine sourced directly from partner properties at cellar door prices, have increased by 46% to reach €10m.  In total, iDealwine generated €33 million in sales in 2020 (+15%).

Despite the tumultuous year, the fine wine auctions market has remained comparatively stable, with iDealwine itself widening the gap in terms of market leaders. In France, wine auctions generated €47 million excluding commission (2019: €47m, 2018: €46m), which represents just 4% of the entire art and collectors’ items category. The art and collectors’ items category itself recorded a significant 22.4% drop in sales. IWA (and therefore iDealwine) has risen to rank as the eighth most important auction house in France in the art and collectors’ item category. Of course, much of this movement was accelerated by the pandemic. As a purely digital player in wine auctions, iDealwine was well placed to deal with the unique situation.
Cyrille Jomand, CEO of iDealwine, said: “We are delighted by this announcement. iDealwine recently welcomed new investment from entrepreneurial fund Capital Croissance. With this, we look forward to increasing iDealwine’s footprint not only in the fine wine world, but also in spirits via our new platform Fine Spirits Auction platform, which sees whiskies, cognacs, rums, and other fine spirits go under the hammer in partnership with La Maison du Whisky. iDealwine is also focused on its new bespoke cellar consultation and management service, offered to wine lovers, collectors, and investors.”
iDealwine has been named the number one wine auctioneer in France for the sixth consecutive year by the regulatory body for auctions in the country.
@idealwine_official #wine #winelovers #wineauction #vin #vinstagram #instawine #wineauctions #vinsbourgogne #burgundywine #bordeaux #wineinvestment #spiritsauction #winecollectors #wineinvestors #spirits #finewine #champagne

Liv-ex 1000 shows that interest in wines from Burgundy, Champagne, the Rhône, Italy, and US has grown rapidly and unexpectedly

New categories of wine are entering the secondary wine market for the first time, with trading up by 70% from 2019.

Bordeaux, which once dominated the secondary market, now has a share of trade less than half of what it was a decade ago. But it hasn’t fallen out of favour – rather, its share has shrunk as the overall market has surged and interest in wines from Burgundy, Champagne, the Rhône, Italy and the US has grown rapidly.

“Last year was a positive year for the wine market, with all major Liv-ex indices showing gains,” said Liv-ex Director and Co-Founder, Justin Gibbs.

Liv-ex (the London International Vintners Exchange) is the London-based global marketplace for the wine trade, where fine wine merchants from around the world buy and sell wine. What happens on the exchange is a reliable indicator of the health of the secondary wine market.

And what it shows is that the secondary wine market is not just booming, it’s broadening.

Fast Market Growth

The number of distinct wine brands traded on Liv-ex last year was up 70%, from 996 in 2019 to 1,420. The total number of wines – including different vintages of the same wine brands – was 8,735, up 72% from the 2019’s 6,367.

The surge has continued into 2021, with March 2021 closing on the biggest month of trade in Liv-ex’s 21-year history – 1,250 distinct wine brands were traded, of which 130 were newcomers to the secondary market. More than £80 million ($109 million) of live bids and offers, are currently available on the market.

The Liv-ex 1000 index was established in 2014 to capture this broadening. As with all Liv-ex indices, it reflects the activity of e Liv-ex membership – a pool of over 500 of the world’s leading wine merchants, who between them represent the biggest and deepest pool of liquidity anywhere in the world.

Most importantly, as a trading and data resource, it is completely independent. And it shows stark changes in the fine wine market, as new wines enter the secondary market.

One Index Alone Is Up 87%

The most striking example of the changing dynamics of the market is the Burgundy 150. It has risen 87% over the last five years, the beneficiary of collectors putting their capital into a new category.

The Champagne 50 has risen 58% over the last five years, driven by the brand power and prestige of the grandes marques Champagnes, widely available stock, global distribution and accessible price points.

The Italy 100 has risen 45% over the past five years, as merchants and collectors discover the relative value to be found in the great wines of Piedmont and Tuscany.

The Rest of the World 60 – which includes the top wines of California, as well as Australian, Spanish and Portuguese wines – has risen 31% over five years. US wines, in particular, are attracting attention; in 2019, US wines represented just 2% of trade by value on the market. That shot up to 7% of total trade last year.

What’s Driving the Trading?

As elsewhere in the economy, technological innovations have swept through the wine industry, transforming the behaviour of both wine businesses and buyers. This past year has seen the launch of new wine tech start-ups, digital wine apps, soaring online sales and virtual tastings, ensuring that people are no longer anxious about buying or trading online.

“These innovations in technology have had a significant impact on buying patterns,” said Gibbs. “As more of the wine trade go digital – with many enabling their customers to access the market using our Automation services – we are seeing increasing diversity in what is traded as collectors are put in the driving seat.”

As a result, the wines brought through Liv-ex in 2020 not only came from the more traditional fine wine regions like Bordeaux and Burgundy, but also from China, Hungary, Switzerland, Austria, Germany, Chile, Argentina and more. Prices per bottle also ranged from £4 to £21,000. As the wine world becomes increasingly digital, this broadening trend is likely continue.

The Market Set to Expand Further

Since 2019, US collectors and merchants have been constrained by the US government’s tariffs on the wines of France, including Bordeaux and Burgundy.

“The tariffs have had a singular effect on the fine wine market over the last 18 months, not least for Italy and Champagne whose wines were excluded from the extra 25% levy,” said Gibbs.

But the recent lifting of the tariffs has had a marked effect on activity – leading to a strong kick in demand for wines of all regions.

There are also other reasons to believe the fine wine market will both grow and diversify further.

“The combination of low interest rates and massive fiscal spending suggests that asset inflation will not be confined to equity, commodity and property markets,” said Gibbs. “The fundamentals of fine wine will also be an attractive option to those with cash to spare.”

#livex1000 #livex #finewine #burgundy #champagne #bordeaux #Rhone #USwine #winenews #instawine #winelovers #winecollectors #wineinvestment #digitalmarketing #finewineregions

 

 

 

What’s in a name? The Bourgogne family explains…

In 2012, on the request of its elected representatives, the Bourgogne Wine Board (BIVB) decided to stop translating the word “Bourgogne”, whatever the country. The aim is to help consumers find their way by ensuring coherence between our wine labels and the name of the region where the wines were created.

Bourgogne wines enjoy a strong global reputation with half of all Bourgogne wines produced being sold at export to around 170 territories. However, the farther the consumer lives from France, the more they struggle to understand our appellation system. They can get their bearings thanks to the wine’s origins, which is the name of this winegrowing region. It is therefore essential to use only one powerful name, a synonym for excellence and the respect for origins: Bourgogne.

Historically, Bourgogne is the only wine-producing region in France whose name is translated into different languages: “Burgundy” for English speakers, “Burgund” for Germans, “Borgogna” in Italian, to name but a few. This dates back to ancient times when the region was established as a crossroads for trade between the north and south and the east and west of Europe, as it still is today.

As such, Bourgogne wine producers and fans find themselves caught up in something of a paradox. The 200 million bottles of Bourgogne wine sold every year have the word “Bourgogne” on their label, either due to their appellation, which might be Bourgogne, Crémant de Bourgogne, Bourgogne Aligoté, and so on, or because they are a “Vin de Bourgogne” or a “Grand Vin de Bourgogne”. But consumers can find them amongst a range referred to Burgundy, Burgund, or Borgogna… Confusing, to say the least.

 

“We felt it necessary to return to our original name, Bourgogne, in order to affirm our true identity, in a unified and collective way,” explains François Labet, President of the BIVB. “I’d say that our appellations are like our forenames, which makes Bourgogne our family name. A name that unites us all with our shared values embracing all the diversity of our wines. You don’t translate a family name!”

 

#BourgogneWines #frenchwine #instawine

#Beaune #Burgundy #BurgundyLovers #Wine #Vin #Bourgogne #France

Laurent Delaunay remarks on the 60th Hospices de Nuits-Saint-Georges Wine Auction

Laurent Delaunay remarks on the 60th Hospices de Nuits-Saint-Georges Wine Auction

“The total outcome and the prices of almost all the cuvées hit records. In my opinion, this is due to three reasons:

– The quality of the 2020 vintage which is probably, according to me, the best at the Hospices in the last 35 years (my oldest tasting at the Hospices dates back from 1985…). I was again with one of the most respected growers of Nuits-Saint-Georges earlier this afternoon and he said that for him, 2020 is the best vintage he has seen in Nuits-St-Georges since he started (he is 57). Jean-Marc Moron, the Hospices winemaker, made great and very consistent wines this year;

– Scarcity of the vintage. 2020 is a low yielding vintage and the number of barrels for sale was small; and,

– Growing reputation, including raising the Hospices de Nuits profile through the buzz we created on social media, (quotes and articles), and sending 2cl micro samples to journalists and buyers helped.”

Laurent goes on to say “As far as Edouard Delaunay is concerned, we finally managed to purchase 13 barrels. This makes us the 2nd buyer of the auction after Albert Bichot who is an historic buyer at the Hospices de Beaune and de Nuits.

Among the cuvées that we purchased, there are 7 barrels of Les Didiers (5 from the Cuvée Fagon and 2 from Cuvée Cabet) making us the main buyer of this emblematic and monopoly Premier Cru of the Hospices de Nuits.

The barrels will be cellared at Château de Charmont for the next 10-12 months before bottling. Christophe Briotet, our cellar master (recently awarded Red Winemaker of the year at the International Wine Challenge) will take care of them with the best possible attention.”

“The demand for burgundy remains strong,” says Liz Palmer, international wine journalist, author and top wine influencer.

#HospicesdeNuitsSaintGeorges #EdouardDelaunay #onlinewineauction #burgundywines #burgundy #bourgogne #vinsdebourgogne #frenchwine #vinsdefrance #vin #winelovers #vinsdefrance #winestagram #NuitsSaintGeorges #wineauction #charityauction #winenews #fineandrare

The 60th Hospices de Nuits-Saint-Georges Wine Auction was an outstanding success!

The 60th Hospices de Nuits-Saint-Georges Wine Auction was an outstanding success! Driven by online marketing and an increase in first-time buyers, registrations up + 20% over 2020.

2021 established a new record with total sales of €1,923,000 and an increase of +19.11% from 2020. Standout bids included:

  • Nuits-Saint-Georges 1er Cru Les Saint-Georges Cuvée Georges Faiveley pièce sold for €32,000;
  • The “pièce de charité,” 228L of Nuits-Saint-Georges Premier Cru Les Saint-Georges, sold by subscription for €49,380, another record. Proceeds raised from the sale support the Institut Pasteur.

The sale of the 17 cuvées of the red wine made €1,869,000 (+ 17.51% up from the 2020 auction) and the sale of the cuvée of white wine Nuits-Saint-Georges 1er cru Les Terres Blanches – Cuvée Pierre de Pême generated €54,000, i.e. (+ 125% up from the 2020 auction).

Proceeds from the Hospices de Nuits-Saint-Georges 2021 Wine Auction will support the new Saint Laurent Hospital.

#HospicesdeNuitsSaintGeorges #onlinewineauction #burgundywines #burgundy #Bourgogne #vinsdebourgogne #vinsdefrance #vin #winelovers #EdouardDelaunay #vindefrance #winestagram #NuitsSaintGeorges #WineAuction #auction #charityauction #winenews #winecollectors #wineinvestors #fineandrare #frenchwine