Domaine de la Romanée-Conti is widely considered one of the greatest wine producers in the world.
The quality of Domaine de la Romanee-Conti (DRC) is generally outstanding, and by this measure these wines should have a much greater presence in the fine wine market. However, production is very limited and consequently there is not enough volume for DRC to be anything but a side player in a market which is dominated by Bordeaux. It is worth noting that it is often vintage Burgundy that is the topic of ‘auction house sets record price for wine’ stories.
Supplies are very limited, supplies are also intermittent, and prices are very high. Consequently it would be very difficult to build portfolios centred on Burgundy alone. Rather, consider Burgundy as an ideal addition for a Bordeaux-centric portfolio because it will add great strength to the diversity principle.
Is Burgundy right for you?
There are a number of key factors which you should consider when establishing whether Burgundy is for you.
- Production continues to get lower and lower whilst the quality just gets better and better.
- Average production for the combined total of all Crus is just 7500 cases! This is less than any of the Bordeaux 1st Growths.
- World-wide distribution is very tightly controlled. Each major country has one agent, and each year their allocation decreases as more production is diverted to emerging markets such as China, Indonesia, India, and Brazil.
- Because less wine is being distributed prices have risen, and this has resulted in numerous changes in the packaging format. Traditionally it was common to see cases of 12 bottles of DRC in the market when US and Europe were the dominant buyers (80's and early 90's). By the late 90's Hong Kong, Singapore and Japan in particular had established agents and the packaging was changed to accommodate the extra demand by increasing the ratio of six bottle cases, against 12 bottle cases. In today’s market we are at the stage where it is common to not only see 3 packs but also single OWC's of Romanee Conti and La Tache, and even Richebourg. The importance and value of OWC six and 12 packs is now increased due to the rarity of this packaging, as new vintages are released in smaller sizes.
- Taking in to account the factors above, this creates a major selling point for DRC Assortments. DRC Assortments follow the selling price of La Tache, and we expect this will continue as opportunities to purchase La Tache in 12 packs and 6 packs will become increasingly rarer. The sheer rarity of 'Original Wooden Case' DRC in any vintage now suggests that the argument for snapping up what you can has never been more compelling, and this is certainly a principle we follow in the buying team at EFWines Ltd.
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The Market - Wine NEWS
There is a global wine shortage according to analysts at Morgan Stanley, and 2013 has been as poor a harvest as in living memory.
It seems it is long time since the heyday for investors in this most liquid of assets.
Back in 2011, buoyed by huge interest in fine-wine investing in China and hot on the heels of two of the best vintages of the past century, prices surged. The release prices of the 2009 and 2010 vintages broke all records as growers restricted supply and cashed-in
Then the market went pop as interest cooled in the far east and the harvests and wine quality turned for the worse. Prices of key investment wines tumbled by around a quarter.
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