With more foreign investors gaining a toe-hold in Burgundy and tough vintages hitting producers, the region’s vignerons are mulling what the future holds.
US auction house Hart Davis Hart is hoping to see out the year in style with a sale it hopes will net between US$4-$7 million.
Sotheby’s New York sale featuring the collection of entrepreneur James Clark made over US$2.5 million last weekend.
The 154th Hospices de Beaune charity wine auction realised sales of €8.9 million ($11.1m) over the weekend – the highest total since it began in 1859.
The obligatory Burgundy tasting out of the way, it’s been cakes, Jura and ship-spotting in Hong Kong of late.
Burgundy’s wine bureau has hailed the 2014 vintage as “very promising indeed”, although it warned “good yields” would not be enough to replenish stocks.
California’s Harlan and Screaming Eagle wines achieved huge premiums on their estimates, setting new records at Wally’s and Crush auctions in New York last week.
The Liv-ex 100 index saw positive growth for a third consecutive month in October, while the Liv-ex 50 ran flat.
The worst days of Bordeaux seem to be behind it, while Burgundy continues to see lots of activity says Tom Stopford Sackville of Goedhuis Wines.
One of Burgundy’s most respected winemakers, Hubert de Montille of the eponymous estate in Volnay, has died aged 84.
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