Italian fine wine resilient as Burgundy faces significant decline

Published 2024년 12월 4일

Tridge summary

A recent Wine Cap report reveals a growing investor preference for Super Tuscans over Chambertin, as Italian wine prices have decreased by only 4.1% in the past year, outperforming other fine wine regions. The Liv-ex 1000 index indicates an average price drop of 11.6%, with Burgundy experiencing the steepest decline at 14.7%. Despite the overall market downturn, this presents a potential investment opportunity due to reduced prices. Italian wines, especially high-scoring ones like Sassicaia and Ornellaia 2021, are thriving, with some brands such as Antinori Brunello di Montalcino Vigna Ferrovia Riserva seeing notable price hikes. Meanwhile, Champagne prices have stabilized, showing minor fluctuations and suggesting a trend towards consistency and stability.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A new report by Wine Cap suggests that investors are prioritising Super Tuscans over Chambertin, with modest declines in price compared to the most prestigious blue chip Burgundies. According to the survey, prices for Italian wine have fallen 4.1% over the past year – less than all other fine wine regions. Moreover, the Liv-ex 1000 index has tracked price declines of 11.6% on average, with Burgundy taking the biggest hit. “Italy’s secondary market has been stimulated by high-scoring releases, like Sassicaia and Ornellaia 2021. Beyond the Super Tuscans, which are some of the most liquid wines, the country continues to offer diversity, stable performance and relative value,” said a representative from Wine Cap. “Some of the best-performing wine brands in the last year are Italian – all with an average price under £1,300 per 12×75cl, like Antinori Brunello di Montalcino Vigna Ferrovia Riserva (+38%).” However, the report added that the market downturn “has affected all fine wine ...

Source: Harpers