Tag: Bordeaux

Bordeaux Allowed to Irrigate

The Bordeaux appellations of Pessac-Léognan, Pomerol and Saint-Emilion have recently been granted permission to irrigate their vines this year after heatwaves and low rainfall across the region threaten the vines with hydric stress. The weather in these areas has been extremely dry for months and French national weather service, Météo France, has reported that July 2022 was the driest since 1959.

As regulated, irrigation is forbidden in the region although recent modifications to the winegrowers’ code “The Cahier des Charges” has allowed it under certain conditions. The Cahier des Charges of all three regions permits irrigation “only in case of persistent drought and when this disrupts the good physiological development of the vine and ripening of the grapes”.

Representatives of France’s national appellations body, the INAO, visited the Bordeaux region to review the situation.

According to news agency AFP, “three [appellations] obtained the authorisation to irrigate to try to preserve the threatened vines”. Other sources, such as local news publication Le Résistant, added that the authorisation also spans to the so-called “satellite” appellations of Saint-Emilion (Lussac-Saint-Emilion, Montagne-Saint-Emilion, Puisseguin-Saint-Emilion and Saint-Georges-Saint-Emilion) and Lalande-de-Pomerol.

The region is not equipped for irrigation with many relying on rudimentary technology to supply the water to the vines. According to AFP, the Bordeaux wine trade body is pinning its hopes on “two or three storms in the coming weeks” to make for “a good vintage”

#bordeaux #bordeauxwineregion #bordeauxwine #madeinfrance #bordeauxlovers #winelovers
#winenews #heatwaves #wine #bordeaux #winelive

Burgundy’s Rising Prices Drive Liv-ex 1000 Index In January

 

  • The Liv-ex 1000 continued its bull run into the new year, rising 3.5%.
  • The Burgundy 150 was its best-performing sub-index, up 6.4%.
  • Champagne 50 and Rest of the World 60 followed, both rising 5.6%.

The broadest measure of the market, the Liv-ex Fine Wine 1000 index, rose 3.5% in January to close the month at 439.3.

The index is up 22.3% over one year versus 25.2% for the industry benchmark, the Liv-ex 100. All of the Liv-ex 1000 sub-indices increased last month.

Burgundy outperforms the broader market

The Burgundy 150 index was the best performer, up 6.4%. Prices for the region’s wines continue to soar, driven by looming shortages. Meanwhile, the 2020 En Primeur campaign stimulated demand for back vintages and the region took 24.6% of the market by value last month.

Both the Champagne 50 and the Rest of the World 60 sub-indices rose 5.6%.

Louis Roederer Cristal 2008 – the most traded wine by value in January – was also the top price performer in the Champagne 50, up 19.2%.

The biggest mover within the Rest of the World 60 was Dominus 2015, up 17.7%.

The Bordeaux 500 index has continued to lag behind the other sub-indices, rising just 1.0% in January. The performance of its sub-regions has been mixed, with some of the best-performers coming from Pomerol and rising between 14% to 18%.

Source Liv-Ex

#finewine #wineinvestment #wineinvestors #champagne #winenews #bordeaux #burgundy #frenchwine #livex #alternativeinvestment #investment #alternativeinvestments

@livexwine

Bordeaux Index records a 47% sales growth in 2021

The Bordeaux Index has reported sales growth of almost 50% year in 2021, to a company record total of US$174m.

Increased activity in Asia and the US (where trade tariffs on many French wines were suspended in Q1) has been most significant. The Bordeaux Index has also seen pronounced gains in the UK. Their client base also increased by c.30% in 2021.

The strong growth in volumes on the LiveTrade online platform, a trading venue in the market for Bordeaux, Champagne and Italian wines, came as the company prepares for the launch of a new, expanded version of the platform this year, when users from across the wine market will be able to trade the full spectrum of fine wines rather than the core set which LiveTrade has focused on to date.

Gary Boom, Founder and CEO of Bordeaux Index, commented:

“We are delighted to report record-breaking results and indeed such strong progress compared to 2020. While activity in the wine market – just as in other luxury assets and collectibles such as art – has no doubt been high, we believe our outsized growth is a clear vindication of our strategy to improve market access and transparency alongside providing best-in-class product expertise.”

“Looking ahead to 2022, there is certainly room for an optimistic outlook, with the global pool of wine collectors on a different scale to a decade ago, and also investors increasingly looking towards hard assets such as wine which deliver consistently strong performance, capital preservation and protection against inflation.”

“Building on the tremendous growth last year, we have invested in new technology to improve our LiveTrade platform, which we firmly believe will continue to transform the way fine wine is bought and sold globally.”

#bordeaux #bordeauxwine #bordeauxindex #burgundywine #greatwine #grandcru #finewine #winelover #champagne #champagnelover #vintagechampagne #livetrade
#wineinvestment #wineinvestors #wine #vin #frenchwine #madeinfrance

@bordeaux_index

The 2021 Fine Wine Market Report [Liv-ex] 

2021 has been an exciting year….

All previous records set in 2020 have been broken and surpassed in 2021, marking the most successful year ever for the secondary fine wine market.

Fine wine trading continually broke new ground in terms of the value of wine traded and the sheer breadth of wines now active in the market. Liv-ex Fine Wine 100 index, the industry benchmark (tracks the price performance of 100 most-traded wines in the secondary market), reclaimed and then exceeded its decade-old former peak, while the Liv-ex Fine Wine 1000 rose for 18 consecutive months.

Fine wine collectors returned in force to both classic labels and regions, even as the market base continued to broaden and diversify.

The recent publication of the 2021 Liv-ex Power 100 report explains many of the reasons behind this year’s results. After a challenging start to 2020, the impetus from the latter half of last year continued, unabated, throughout this year.

Key findings in the report:

  • 2021 sets new records for secondary market trade.
  • Fine Wine outperforms FTSE100 and gold.
  • Champagne is the top-performing region.
  • Burgundy’s share of trade hits a new high.
  • Bordeaux trade dips but First Growth share rises.
  • Blue-chip labels rule the roost though the market continues to diversify.

Link to the full report with charts:

https://www.liv-ex.com/2021/12/new-report-fine-wine-market-2021/

#livex #wine #finewine #wineinvestment #alternativeinvestment #winenews #winelovers #winecollectors #champagne #bordeaux #burgundy #winereport2021 #finewinelovers #winestorage #wineindustry #winebusiness #winetrade #trading #trends #winetrends #wineonline

Masseto, Ornellaia, Tenuta Luce and CastelGiocondo to open offices in Bordeaux       

The prestigious Tuscan estates and the first wine estates in Italy to make such an investment, Masseto, Ornellaia, Tenuta Luce and CastelGiocondo are opening representative offices in Bordeaux during the first quarter of 2022.  These new offices will be set-up for the purposes of strengthening their worldwide sales network, starting with the French stronghold of fine wines.

Masseto, in 2009, was the first Italian wine to be distributed through La Place de Bordeaux. Ornellaia followed suit in 2015. In the wake of their success, in 2019 Tenuta Luce and in 2021 CastelGiocondo Brunello also embraced the international distribution of La Place de Bordeaux. Since 2009, this choice has resulted in ever-increasing results. The Négociants boast a centuries-long history of the sale of fine wines at an international level.

“Making top-tier wines is not enough,” explains Giovanni Geddes da Filicaja, CEO of the Frescobaldi Group. “Knowing how to communicate this quality and choosing the perfect distribution is essential. By considering these years with La Place de Bordeaux as the first step and examining potential sales growth, it now seems logical for us to open a representative office in Bordeaux. Our goal is to strengthen our position by developing a deeper and more integrated relationship with the Négociants, no longer working from a distance, but in close contact with our partners.”

This new venture has been entrusted to Patrick Lachapèle, who will take on the role of Director of the representative office, returning to France after 16 years in Asia where he worked as the Asia-Pacific Export Manager for Baron Philippe de Rothschild and then as Director, Asia-Pacific, Middle East, Africa and South America for Ornellaia and Tenuta Luce. Patrick will work alongside the commercial directors of the four estates, which will remain individually managed.

Masseto wines are available to all markets through La Place de Bordeaux with the exception of Italy, United States and Canada where Masseto retains direct distribution. Ornellaia wines are available as well through La Place de Bordeaux with the exception of Europe, United States and Canada. In the case of Tenuta Luce, La Place de Bordeaux holds the distribution in Asia (with the exception of Japan), Africa and Middle East; meanwhile, CastelGiocondo is available with the Négociants in China only.

#tuscanwine #winebusiness #tuscany #toscana #wine #winelover #vino #sangiovese #chianticlassico #winery #italy #chianti #instawine #tuscanygram #winestagram #supertuscan #vinoitaliano #winenews #bordeaux #Masseto #Ornellaia #TenutaLuce #italianwine #CastelGiocondo