The World’s Most Expensive Wines 2023 – Burgundy dominates (again)

The wine industry stands at the pinnacle of luxury, tradition, and dynamic market forces. Year after year, wine lovers and investors alike wait with bated breath for platforms such as Wine-Searcher to release their coveted lists – the veritable scorecard of wine excellence. This year’s revelation of the world’s most expensive wines, based on average monthly global retail prices, brought forth no shocks regarding the dominance of one particular region: Burgundy.

Yet, for all the inherent charm of Burgundy’s terroir and history, the overwhelming dominance this region has on the list is nothing short of extraordinary. Out of the 50 most expensive wines listed on Wine-Searcher, a staggering 44 originate from Burgundy.

Within this vine-clad citadel of hefty price tags, a lone non-Burgundian champion emerges: The Scharzhofberger Riesling TBA by Egon Müller from Mosel, Germany. With its prestigious brand and impeccable quality, this sweet Riesling has firmly secured its position among the top ten, rivaling the best of Burgundy.

The Most Expensive Wines Are....

Domaine Leroy Musigny Grand Cru – €45,929, marking an increase of 29% from last year.

Domaine Romanée-Conti Romanée-Conti Grand Cru – €25,558, up by 6.8%.

Leroy Domaine d’Auvenay Chevalier-Montrachet Grand Cru – €25,233, showing a decrease of 14.5%.

Leroy Domaine d’Auvenay Bâtard-Montrachet Grand Cru – €2045, down by 6.5%.

Leroy Domaine d’Auvenay Criots-Bâtard-Montrachet Grand Cru – €19,855, plummeting by 29.5%.

Georges & Christophe Roumier Musigny Grand Cru – €19,688, up by 4.5%.

Domaine Leflaive Montrachet Grand Cru – €18,053, marking an increase of 4.4%.

Egon Müller Scharzhofberger Riesling TBA – €16,495, up by 8%.

Georges & Christophe Roumier Echezeaux Grand Cru – €15,946, with a modest rise of 1.5%.

Leroy Chambertin Grand Cru – €13,415, showing a 4% dip.

Changing Markets

Taking a closer look, a conspicuous trend emerges, Domaine Leroy and takes five out of ten places. While the Leroy Musigny Grand Cru holds the prestigious first position with a significant price increase of 29%, other wines from the Leroy Domaine have experienced surprising declines. This rise for the Musigny Grand Cru is particularly astounding given that it had already witnessed a 15% price hike in the previous year – a rate double that of the global inflation rate. And while this year saw a halving of that inflation rate, the Musigny Grand Cru doubled down, literally, with its price surge.

It’s worth noting that red wines have borne the brunt of these price increases. In stark contrast, white wines, on average, have witnessed a decrease in value. This discrepancy speaks volumes about the current palate preferences and investment trends in the world of wine.

Upon a closer examination of the 50 most expensive wines worldwide, Leroy occupies 31 spots. The first fortified wine, “J Graham’s New Oublie Tawny Port,” averages at about €7,150, overshadowing Bordeaux, which doesn’t even make the list. However, the most sought-after wine on the platform is Chateau Mouton Rothschild from Pauillac, France, with an average price of “only” €614. Wine Searcher underscores the evolving dynamics and shifts within the market.

For those considering wine investments, platforms often recommend diversifying the portfolio to mitigate risk. The general guideline proposes a composition of 30-40% Burgundy wines, complemented with Bordeaux for bulk, dependable Champagne, while German Riesling typically doesn’t make the cut. Stay tuned for my upcoming blog posts, where I’ll delve into wine investments for beginners.

(Source: Wine-Searcher)

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