5 Reasons Why Burgundy Once Again Surpasses Bordeaux!
Well, it's official. Burgundy, the Gold Coast wines of legendary quality, are once again the preferred wines of wine lovers and experts alike.
Need further proof of Burgundy's prominence in the world? Just look at the below results of the recent auctions, as reported by the Wine Spectator:
Move Over Bordeaux: Burgundy Steals the Show at Asia Auctions
Recent sales lead top auctioneers to wonder if Bordeaux may be toppled as the premier blue-chip collectiblePeter D. Meltzer
Posted: November 29, 2011What’s top on the buyers' wish lists? ....all of which have achieved record prices in recent sales. Vintages in demand include 1985, 1990, 1993, 1996, 1999, 2002 and 2005.As a category, the 102 Burgundy listings tracked by the Wine Spectator Auction Index rose 16.42 percent from the third quarter of 2010 to the third quarter of 2011....
There are many reasons behind Burgundy’s escalating popularity. Limited supply contributes to Burgundy’s appeal. “The quantities of great Burgundies on offer are so small that we never get much to sell,” noted Sotheby’s wine CEO Jamie Ritchie. “By value, in 2010, only 17 percent of the wines we auctioned were from Burgundy. The realization that these wines are extremely scarce has created a new-found appetite.”
This is what we've been saying for years! That's why we go to Burgundy. On our most recent trip, we focused on 1999, 2005 and 2009 wines. Yep, that's right! And they were amazing! The 2007's and 2008's needed time and breathing space.
