Although the prices of fine wines from Burgundy and Bordeaux have been on the rise in recent months, the Rhône continues to offer excellent value for collectors.
The average case price of wines in the Rhône 100 index is 95.6% lower than the wines in the Burgundy 150 index and 62.8% lower than the Bordeaux 500 index.
In particular, Châteauneuf-du-Pape offers great value, with the average price per case coming in at under £1,000, so if you’re looking to get into fine wine collecting but don’t want to break the bank, head to the Rhône!
Wine prices still bullish
Italian trade continued to rise over the last week, being driven by the increase of 13.9% in the Tuscan index. Château Pavie 2018 was the week’s best-performing wine, driving up Bordeaux to 27.6% to £37,539 per 12×75 on the LIv-ex 1000
Louis Roederer Cristal 2014 continues to offer great value for money, with an 8.8% increase in the last week. The wine is now up 17.5% on its release price, making it a fantastic investment if you can find it at the right price.
Champaign once again traded higher than Burgundy, buoyed up by both Louis Roederer Cristal and Krug 2008 and 2006. Trade in the region was up to 16.9% of the total trade.
The wine market continues to be bullish, with strong trading across a number of regions. Italy and Bordeaux continue to be the driving force behind much of the recent activity, but Champagne, Burgundy and the Rhone are all seeing significant increases in trade. There is no sign of this activity slowing down any time soon, so keep an eye out for opportunities in the market.
Rhône offers value despite rising prices
The Rhône 100 index, which tracks the prices of the region’s top wines, is up 16.3% in the past year. The index has seen strong gains since 2016, but the pace of growth has accelerated in the past 12 months. Despite these rising prices, the Rhône still offers value compared with other major regions such as Bordeaux and Burgundy.
In fact, the average Rhône case price is 95.6% lower than the equivalent Burgundy 150 and 62.8% lower than the Bordeaux 500.
The region is home to some of the most iconic wines in the world, including Châteauneuf-du-Pape and Hermitage. The popularity of these wines has helped drive up prices in recent years, but there are still deals to be had.