Which is the best wine to invest in right now? This estate is ruling the auctions
Even if y'all aren't a serious wine collector (nonetheless), chances are you would have heard of Domaine de la Romanee-Conti. The Grand Cru estate in Burgundy is known as 1 of the finest wine producers in the world. It inevitably pops up in wine conversations about Burgundy or Pinot Noir, its interlocuters referring to the vino by its acronym DRC; a term, or rather, a code, that separates the wine geeks from the newbies.
In contempo years, the wines have been setting new records at auctions, a stage traditionally dominated by rare and height Bordeaux elixirs. In 2018, a bottle of Romanee-Conti 1945 sold for U.s.$558,000 (S$770,000) at Sotheby's New York, making it the most expensive canteen of vino ever sold at an auction.
In Apr this year, Sotheby's Hong Kong set a earth record for a sale of a unmarried possessor wine series (a private wine collection that included summit labels from Bordeaux, Burgundy, Champagne, and the Rhone Valley, including more 250 lots from Domaine de la Romanee-Conti) that earned a combined full of HK$273,115,578 (Due south$49 1000000).
The sale was spearheaded by the strong showing of Domaine de la Romanee-Conti: Three 12-bottle lots of Romanee-Conti 1990 sold for HK$ii,728,000 each, while a 12-bottle lot of Romanee-Conti 1985 commanded HK$ii,356,000.
"Domaine de la Romanee-Conti has historically been considered the pinnacle of Burgundy past connoisseurs around that earth – that has no equal," said Adam Bilbey, head of Sotheby's Wine, Asia. "[This condition], combined with the limited production and increasing interest in Burgundy from around the globe, means information technology continues to be the standard bearer in auctions."
"Domaine de la Romanee-Conti has historically been considered the superlative of Burgundy by connoisseurs around that world – that has no equal." – Adam Bilbey
In Singapore, Winefield'due south Auctioneers, which has an function in Amsterdam, sold an assorted case of 12 bottles of Romanee-Conti 1996 for South$68,400, and a single of bottle of Romanee-Conti 2004 for S$26,400 in July.
"The estate'south key wine, Romanee-Conti Grand Cru, is considered one of the best wines in the globe. It is also very rare," said Milan Veld, director of Winefield's Auctioneers. "In a skillful vintage, less than an average of 5,000 bottles are produced. That means all importers of this wine get only a pocket-size quantity of it. Every bit it is about impossible to become whatever allocation, it's easier to buy the wine at an sale." With wine consumption on the uptrend effectually the world, Veld expects more consumers to seek out the manor'south wines, and thus push upward its prices.
Veld notes that younger vintages, which may not be fix to potable, make proficient wines for investments as their prices tend to get up all the time. Co-ordinate to him, excellent contempo vintages from the past three decades are 1990, 1996, 1999, 2005, 2009, and 2015. The other vintages are "as well very nice to drink".
Indeed, the increasing prices of wines from Domaine de la Romanee-Conti – and other top Burgundy domaines in general – aren't doing any favours for wine collectors like Nicola Lee, a managing manager of a property investment company. "From the perspective of a vino collector who buys [wines] to drinkable, Burgundy has become a existent luxury. It now forces me to effort new domaines in search of the adjacent 'Domaine de la Romanee-Conti'," said Lee.
"From the perspective of a vino collector who buys [wines] to beverage, Burgundy has become a real luxury. Information technology now forces me to try new domaines in search of the next 'Domaine de la Romanee-Conti'." – Nicola Lee
"Information technology'southward always important to check the marketplace price of any vino y'all bid for, and exist enlightened of the premium ane is paying," said Lee, adding that auction prices "don't necessarily reverberate the market price". Bilbey emphasises that provenance is primal if you are because purchasing a lot at an auction. "I should e'er enquiry the purchase history and storage of the wines," he said.
If you lot are looking to buy some Domaine de la Romanee-Conti wines from a wine merchant, with the aim of consigning the ambrosias to an sale in the future, Tan has a piece of communication. "Don't purchase wines but for investment as there are other ways to make money. Nonetheless, if [yous] really must, I'd advise that you always buy your 'blue chip' labels from an appointed distributor. If you lot can't sell them, at least you lot can indulge in drinking them. Wines are meant for drinking – buy them to savour with agreeing vino lovers."
"Don't buy wines only for investment as at that place are other means to make money. Still, if [yous] really must, I'd advise that you e'er buy your 'bluish bit' labels from an appointed distributor." – Kate Tan
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Source: https://cnalifestyle.channelnewsasia.com/experiences/wine-investment-domaine-de-la-romanee-conti-255766
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