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

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@livexwine

Mumm Millésimé 2015 – Virtual Tasting

Yesterday I participated in a virtual tasting with Cellar Master Laurent Fresnet of Maison Mumm to celebrate the release of Mumm Millésimé 2015. It was wonderful opportunity to see Laurent again and engage in the online conversation.  Unfortunately, I couldn’t participate in the tasting portion (at this time) my bottle was stuck at customs.

What I did learn – Mumm Millésimé 2015 is crafted exclusively from Pinot Noir grapes and were harvested from the best plots of the Montagne de Reims Grand Cru villages of Verzy, Ambonnay and Verzenay, and the Chardonnay grapes were harvested from plots in the Côte des Blancs Grand Cru villages of Cramant and Avize.

Mumm Millésimé 2015 blend

75% Pinot Noir

25% Chardonnay

[100% Grands Crus]

Mumm Millésimé 2015 underwent full malolactic fermentation which reveals supple, round character, delicate toasted aromas and notes of biscuit.

The dosage is 6 g/liter (brut).

This vintage was aged for five years in Maison Mumm’s cellars beneath the city of Reims.

Maison Mumm’s style reveals the essence of Pinot Noir – with its power and rich, elegant fruit, the black grape takes pride of place in the House’s classic blends, to which Chardonnay and Meunier grapes add their inimitable floral and fruity notes.

Tasting Notes:  watch this space for my tasting notes in the next few weeks.

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@GMMumm

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.”

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@bordeaux_index

Champagne News: Total shipments of Champagne in 2021 rose to 322 million bottles, an increase of 32% over 2020

The Champagne region and houses are celebrating after sales and exports set new records last year even as pandemic lockdowns forced many bars and restaurants to close.

Comité Champagne, a trade association representing over 16,000 winegrowers and 320 Champagne houses, said this week that France exported a record 180 million bottles of Champagne in 2021, an increase of 38% over 2020.

Global sales of Champagne also hit a record €5.5 billion (US$6.2 billion).

Comité Champagne said that total shipments rose 32% over the previous year to 322 million bottles as people found reasons to celebrate at home.

“With tourism and the staging of events still reduced due to the health crisis, there is room to believe that home consumption has taken up the slack,” the trade group said in a statement.

“Consumers have chosen to entertain themselves at home, compensating for the generally gloomy mood with new moments of conviviality and sharing,” they also added.

Detailed export data has not yet been released, but in 2020, the United Kingdom and the United States were the top foreign markets for champagne.

Champagne drinking popped back up to its pre-pandemic levels last year in France, with shipments increasing 25% to reach nearly 142 million bottles.

‘This recovery is a welcome surprise for the people of Champagne after a troubled 2020 (with figures down by 18%) impacted by the closure of main points of consumption and the shortage of celebratory events across the world,’ comments Maxime Toubart, president of the Syndicat général des vignerons and co-president of the Comité Champagne. He is otherwise pleased to note ‘the healthy state of the national market’.

Jean-Marie Barillère, president of the Union des Maisons de Champagne and co-president of the Comité Champagne, is delighted that ‘thanks to exports and the consumer’s devotion to fine cuvees, Champagne will reach a record turnover of more than 5.5 billion Euros*’. But he stresses ‘the average shipments in 2020-2021, at 280 million bottles and 4.9 billion Euros, remain under the pre-pandemic levels (300 million bottles, 5 billion Euros in 2019)’.
Afflicted by the health crisis in 2020 and challenging climatic conditions in 2021, Champagne now hopes that 2022 will open the way to a new cycle of growth.

#champagne #champagnelovers #champagneeconomics #champagneregion #comitechampagne
#cheers #wine #winelovers #celebrate #winenews #wineexports #reims #epernay #aube

Wine Review: Drappier Carte d’Or Brut NV (37.5cl)

Champagne Drappier is one of my favourite Aube producers in many ways. I’m happy to say that I have personally met Andre, Michel, and Charline on numerous occasions, along with my son, daughter and daughter-in-law. This wonderful family all left warm and memorable impressions.

This dynamic independent house is currently run by the charmingly and hospitable 7th and 8th generations: father Michel, daughter Charline and sons Hugo and Antoine.

Drappier is based in Urville in the Côte des Bar comes has a wide range of rich lush full-flavoured cuvees and also make still wines.
Fact: Champagne Drappier was Charles de Gaulle’s favourite Champagne and Madame de Gaulle was a great friend of the Drappier family.

The house of Drappier is unusual in many ways: they are neither a Grands Marques house, nor a grower; they own 60 hectares, so they are technically both a domaine and negociant house. Drappier is also one of the most experimental in Aube. They often use no dosage, they are pioneering ‘sans soufre’ no sulphur fizz (sulphur sensitivity runs in the family) and focus on organic viticulture.

The cuvée Carte d’Or expresses the identity of the house directed by the family since 1808.

Tasting Notes:
The Drappier Carte d’Or expresses all the aromas of Pinot Noir; this constitutes at least 80% of the blend, along with Chardonnay 15 %, and Pinot Meunier 5 %.

This champagne has a great aromatic richness of melon, apple and red fruits. The palate is intense, with notes of apple, peaches and quince wrapped in a red-fruit veil. It’s full-bodied and long with a lovely texture, and complex mouthfeel.

91 Points

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