Thursday , October 6 2022

Download prices?


On the 18th of November, the world's most famous guest guest, comedians Natalie Bay, Pascal Alba, Emmanuel Barrett, Alice Taglioni and writer Eric Ursana, will affect only the courses. For a single room (228 liters) named "Presidents" in favor of associations. The fruit of the auctions of 827 others, an absolute peak after 2018 harvest more generous, will go to Beaune Hospital and maintenance of a luxurious hotel – Dieu.

Buyers, 65% of the domestic, will be attentive to the development of prices in a more convenient context for this market.e edition. After years of shortage associated with climatology, Burgundy wine has rebuilt the stock: 1.5 million hectoliters in 2017 almost 1.8 million this year.

Great wines

But nothing is simple. The auction of wines from the Hôtel De Hospices Beaune, powered by Christie's accelerators hammer, is almost all about first and second growth, more sought after. 33 Grand Crus, which weigh 1.5% of the total production of Burgundy, but which constitute a huge locomotive. "With the price increases in recent hospice, we no longer buy for our wholesalers or distributors, but at the request of very wealthy collectors and collectors"Albury Bichot explains.

Hospices de Beaune Sale: Towards lower prices?

The man is the biggest bidder of this sale for twenty years. Beaune's trading house bearing its name should achieve 60 million euros in sales this year. "If I have purchase orders for several prestigious wines belonging to the hospice, there will be no restriction and there is the phrase for the highest bidder"He adds. The latter realized the display effect of selling the hospice. This allows people to access these wines, with a primur purchase from a bottle only between a selection of five wines between 40 and 150 euros. With the added bonus, the possibility of marking the buyer name on bottles.

Supply and Demand Law

However, logically, the law of supply and demand still need to go down this year. " Our homes have consistently explained the constant increase in wine shortages, while buyers now know in real time that we have a lot to sell. ", Adds Pierre Grenell, director of the Burgundy Wine Houses Association.

"It should be a sign of the market, but it should not be too big a decline, because we bought quite a vintage 2017 and put it up for sale soon, knowing I reason against the background of uncertainties related to Brexit and US customs policies" Fetish on its side Frederic Drouhin, president of the Union of Burgundian wine houses and leader of the Beaune House.

In the real market of Burgundy wines at the entry level (50% of the production), the signs are bearish, with the first trades among professionals – 8% for men, – 10% for Burgundy red and 25 for windthrow. "
I also hope to reduce the village names (30% of the production), because our customers have, beyond a certain limit, sensitivity to the price of destruction that could favor other vineyards.
" Says Manoël Bouchet, associate director of Roche de Belene, a small trading house that generates 9 million euros in business.

Didier Hogg

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