The Market

Burgundy – more sellers than buyers?

By billn on January 27, 2023 #the market

Well, if it’s really the case, no one can claim surprise.

Outside of a modest few domaines’ modest few wines, the only real value in greater Burgundy – in recent vintages – has come from outside of the Côte d’Or. I have never bought more from Chablis, Mâconnais and Beaujolais – but at the same time, so little from the Côte d’Or – not in 30 years of purchasing…

But ‘Wolf!‘ has been cried for many years – let’s wait and see if it’s really the wolf at the door – shall we?! I still don’t know anybody who can buy Richebourg if they want some!

Domaine Chantal Lescure – Sold!

By billn on January 19, 2023 #the market

Domaine Chantal Lescure is/was a 19-hectare domaine to be found in the centre of Nuits St.Georges and it has been announced this week that it has been sold.

The domaine was founded in 1975 by Chantal Lescure and Xavier Machard de Gramont – you may recognise the latter name – Chantal was the aunt of Axelle Marchard de Gramont. Was? Yes, Chantal died 25 years ago.

Chantal was one of 7 siblings and her family came from an industrial background in Dijon, making their fortune by commercialising the pressure cooker in France. The family later diversified into vines. After Chantal died (1996) it was her sons Aymeric and Thibault Machard de Gramont who came to the domaine but it was said that the next generation had little interest in running the domaine, so put someone else in charge to manage it.

The holdings are impressive – 19 hectares – with 1er crus dotted along both the Côte de Nuits and the Côte de Beaune – there’s even a little Clos de Vougeot grand cru. The domaine was (later) also an early adopter of organic viticulture, having been certified organic in their vines since 2006 and has been run by François Chavériat.

But now there are new owners, and for a change, it is not a group whose main business is making handbags. The cost of the acquisition hasn’t been released – or yet rumoured as far as I can tell!

Jean-Philippe Girard and Eric Rousseau are the new team in charge. Of course, you will know Eric from his previous life at Domaine Armand Rousseau, but what of Jean-Philippe Girard? He’s from Dijon and has recently stepped down from his own company which he ran for 30 years – working on the technologies associated with wheat, flour and bread. He’s also (still) the head of a development agency that aims to establish of new companies in the community of Dijon.

It seems that François Chavériat will remain in his position. I wish them all success in this!

offer of the day – faiveley 2021…

By billn on January 04, 2023 #the market

I may have missed the 2014s but here you can see the ‘progression’ of the prices (in Switzerland) for the 12s, 13s, 15s, 16s, 17s, 18s, 19s, and now the 2021s from the same Swiss merchant. The format here for the prices is simple: 2021 (2020, 2019, 2018, 2017, 2016, 2015, 2013, 2012) and — if not previously offered – and you can see that the offer is another much ‘shorter’ one this year…

DOMAINE FAIVELEY 2021 – En Primeur

PREMIERS CRUS
Pommard Rugiens 2021 75cl — (—, —, 82.00, 75.00, 86.00, —)
Gevrey-Chambertin Les Issarts 2021 75cl — (—, 89.00, —) Swiss Francs*
Gevrey-Chambertin Les Cazetiers 2021 75cl 109.00 (—, —, 85.00, 79.00, 84.00, 78.00, 72.50, 69.80)
Nuits-Saint-Georges Les Saint-Georges 2021 75cl — (129.00, 115.00, 105.00, 99.00, 115.00, 98.00, 98.00, 98.00)
Chambolle-Musigny Les Fuées 2021 75cl 139.00 (139.00, 139.00, 139.00, 125.00, 135.00, 128.00, 119.00, 119.00)
Chambolle-Musigny la Combe d’Orveau 2021 75cl 139.00 (139.00, 135.00, 135.00, 119.00, 132.00, 124.00, 119.00, 119.00)
Chambolle-Musigny Les Amoureuses 2021 — (—, 319.00, —)

GRAND CRUS
Corton Clos des Cortons 2021 75cl 199.00 (199.00, 169.00, 169.00, 149.00, 169.00, 149.00, 139.00, 139)
Corton Clos des Cortons 2021 150cl — (—, 343.00, 343.00, 303.00, 343.00, 303.00, 283.00, 283)
Corton Clos des Cortons 2021 300cl — (—, 736.00, 736.00, 656.00, 736.00, 656.00, —, —)
Echezeaux En Orveaux 2021 75cl 249.00 (239.00, 178.00, 169.00, —, 165.00, 149.00, —, —)
Mazis-Chambertin 2021 75cl 269.00 (269.00, 209.00, 198.00, 178.00, 198.00, 179.00, 167.00, 169)
Mazis-Chambertin 2021 150cl — (—, 423.00, 401.00, 361.00, 401.00, 363.00, —, —)
Mazis-Chambertin 2021 300cl — (—, 896.00, 852.00,776.00, 852.00, 776.00, —, —)
Grands Echezeaux 2021 75cl — (—, 229.00, 198.00, 188.00, 208.00, 198.00, 198.00, —)
Latricières-Chambertin 2021 75cl 279.00 (279.00, 198.00, 189.00, 165.00, 189.00, —)
Chambertin Clos de Bèze 2021 75cl 395.00 (395.00, 299.00, 285.00, 249.00, 299.00, 278.00, 249.00, 235)
Chambertin Clos de Bèze 2021 150cl — (—, 603.00, 575.00, 503.00, 603.00, 561.00, 503.00, 475)
Chambertin Clos de Bèze 2021 300cl — (—, 1,256.00, 1,200.00, 1,056.00, 1,256.00, 1,172.00, —, —)
Chambertin Clos de Bèze Les Ouvrées Rodin 2021 75cl — (998.00, 895.00, 875.00, 698.00, 745.00, 659.00, 598.00, 598)

Corton Charlemagne 2021 75cl 249.00 (239.00, 198.00, 189.00, 189.00, 189.00, 169.00, 169.00, 159)

*There is 7.7% Tax to add in Switzerland, but then these are delivered prices

offer of the day – bruno clavelier’s 2020s

By billn on November 29, 2022 #the market

So many new offers in time for Christmas! This one hot off the presses…

Bruno Clavelier 2020:
With the previous year’s prices for the 2019s, 2018s, 2017s & 2016s (from the same merchant) in brackets. — indicates ‘not offered’:

Bourgogne Passetoutgrains 2020 75cl 24.50* (23.50, 22.50, 22.50, —) (Swiss francs)
Vosne-Romanée La Combe Brûlée 2020 75cl 105.00 (95.00, 90.00, 80.00, 84.00)
Vosne-Romanée Les Hautes Maizières 2020 75cl 105.00 (95.00, 90.00, 80.00, 84.00)
Gevrey-Chambertin Les Corbeaux 1er Cru 2020 75cl 160.00 (140.00, 135.00, 120.00, 123.00)
Vosne-Romanée Les Beaux Monts 1er Cru 2020 75cl 180.00 (155.00, 150.00, 130.00, 137.00)
Vosne-Romanée Aux Brûlées 1er Cru 2020 75cl 180.00 (155.00, 150.00, 130.00, 137.00)
Chambolle-Musigny Combe d’Orveaux 1er Cru 2020 75cl 195.00 (170.00, 160.00, 140.00, 147.00)
Corton Le Rognet V.V. Grand Cru 2020 75cl 185.00 (165.00, 155.00, 135.00, 144.00)

*These prices are not delivered but do include the Swiss 7.7% purchase tax. Ever upwards!!!

offer of the day – henri boillot 2021

By billn on October 12, 2022 #the market

Boillot Puligny Monopole plaque with view towards PulignyDomaine Henri Boillot 2021 – en primeur
As always, from my local Swiss merchant who makes this offer about the same time each year.
I leave you with the 2020, 2019, 2018 and the 2017 pricing in brackets.

With anywhere between minus 90% and minus 50% volume for whites in 2021 – hence so many missing cuvées in this offer – you didn’t expect it to go down did you?
— = not offered

*Bourgogne Chardonnay 2021 75cl 33.00 (29.00, 29.00, 26.00, 23.00) Swiss Francs

St.Aubin 1er 2021 75cl — (55.00, —)

Meursault 2021 75cl 68.00 (—)
Meursault Les Gouttes d’Or 2021 75cl — (105.00, 95.00, —)
Meursault Clos Richemont 2021 75cl 149.00 (115.00, 105.00, —)
Meursault Les Genevrières 2021 75cl — (129.00, 125.00, 115.00, 108.00)
Meursault Les Perrières 2021 75cl — (138.99, —, 125.00, 115.00)

Puligny-Montrachet 2021 75cl 68.00 (58.00, 58.00, 55.00, 52.00)
Puligny-Montrachet Folatières 2021 75cl 149.00 (135.00, 125.00, —)
Puligny-Montrachet Les Combettes 2021 75cl — (135.00, 125.00, 115.00, 108.00)
Puligny-Montrachet Les Perrières 2021 75cl 149.00 (129.00, 115.00, 115.00, 108.00)
Puligny-Montrachet Clos de la Mouchère 2021 75cl 149.00 (138.00, 128.00, 115.00, 108.00)

Corton Charlemagne 2021 75cl 248.00 (205.00, 188.00, 175.00, 168.00)
Montrachet 2021 75cl — (945.00, 895.00, 845.00, 795.00)

Volnay Les Chevrets 2021 75cl 89.00 (89.00, 89.00, 89.00, 89.00)
Volnay Les Caillerets 2021 75cl 99.00 (99.00, 99.00, 99.00, 99.00)

Clos de Vougeot 2021 75cl 208.00 (185.00, 179.00, 169.00, 158.00)
Echézeaux 2021 75cl 259.00 (239.00, 229.00, 229.00, —)
Latricières-Chambertin 2021 75cl 330.00 (—)
Bonnes-Mares 2021 75cl — (350.00, 330.00, 319.00, 298.00)
Chambertin 2021 75cl — (350.00, —, 319.00, 298.00)

*The price you see is ‘delivered’ but ex 7.7% Swiss purchase tax.

offer of the day – Robert Groffier 2020

By billn on October 05, 2022 #the market

From my usual Swiss merchant. Prices for Groffier’s 2019s, 2018s, 2017s, 2016s and 2015s in the brackets, — indicates not offered…

Domaine Robert Groffier 2020
Gevrey-Chambertin Les Seuvrées 75cl 119.00 (115.00, 95.00, 89.00, 89.00, 79.00) *Swiss Francs
Chambolle-Musigny 1er Cru Les Hauts Doix 75cl 209.00 (209.00, 205.00, 169.00, 159.00, 146.00)
Chambolle-Musigny 1er Cru Les Sentiers 75cl 229.00 (229.00, 205.00, 199.00, 179.00, 158.00)
Chambolle-Musigny 1er Cru Les Amoureuses 75cl —, (590.00, 399.00, 399.00, 349,00)
Bonnes-Mares Grand Cru 75cl —, (590.00, 399.00, 399.00, 349.00)

When you don’t see the price of the last two, you almost have the impression that the wines are cheap 🙂
*As usual, these are delivered prices but without the Swiss purchase tax of 7.7%

offer of the day – Domaine Leflaive 2021…

By billn on October 02, 2022 #the market

As always, from the same Swiss supplier each year. Priced in Swiss Francs (chf)
Image (right) courtesy Domaine Leflaive:

DOMAINE LEFLAIVE 2021 – Puligny-Montrachet
In brackets are the prices for 2020, 2019, 2018, 2017, 2016 & 2015 – though most of the 2018 prices are missing (—), sorry …

THE ENTRY WINES
Bourgogne 75cl 74.00 (69.00, 55.00, 49.00, 45.00, 42.00, 38.00)*
Puligny-Montrachet 75cl 129.00 (119.00, 99.00, —, 89.00, 82.00, 69.00)

PREMIER CRUS
Puligny-Montrachet Les Clavoillons 75cl 195.00 (185.00, 148.00, 139.00, 128.00, 118.00, 89.00)
Meursault Sous Le Dos d’Âne 75cl 195.00 (185.00, 148.00, —, 128.00, 118.00, 99.00)
Puligny-Montrachet Les Folatières 75cl — (—, —, —, 198.00, 185.00, 145.00)
Puligny-Montrachet Les Combettes 75cl — (—, —, —, 198.00, 185.00, 185.00)
Puligny-Montrachet Les Pucelles 75cl 475.00 (385.00, 299.00, —, 259.00, 245.00, 195.00)

GRANDS CRUS
Bienvenues Bâtard-Montrachet 75cl 895.00 (—, 595.00, —, 498.00, 459.00, 325.00)
Bâtard-Montrachet 75cl 1,040.00 (890.00, 648.00, —, 565.00, 498.00, 348.00)
Chevalier-Montrachet 75cl 1,350.00 (1,190.00, 840.00, —, 695.00, 685.00, 445.00)

*As always the Swiss purchase tax (7.7%) is not included but otherwise, these are delivered prices.

Well, not only do they have an expensive new cuverie to pay for, they also have only a tiny, tiny volume of 2021s to sell!

a nice little earner…

By billn on September 30, 2022 #the market

Bouchard Père Le MontrachetWell, it’s been quite some time that a big pile of money has been looking for a new home!

Last week at the press conference of the Hospices de Beaune, a fellow ‘writer’ asked me if I’d heard about a billion euro transaction to buy Louis Jadot and then they jinked and said ‘or maybe Bouchard Père!‘ – Well, what could I do with that?

Then came this yesterday – no links, no other information, and at least as far as Google was concerned, nothing to corroborate. So, still nothing that I was going to go out on a limb to publish. But today, Bourgogne Aujourd’hui and Wine Spectator had the press release:

“François Pinault’s Artémis Domaines—the owner of Bordeaux’s Château Latour, Burgundy’s Clos de Tart and Napa’s Domaine Eisele Vineyard—is buying a majority stake in Maisons & Domaines Henriot, which owns Bouchard Père & Fils in Burgundy, William Fèvre in Chablis, Maison Henriot in Champagne and Beaux Frères in Oregon. The Henriot family will become minority shareholders in the combined company.”

The amount of money involved in this transaction has not been disclosed but the magic billion is on many peoples’ lips.

But let’s turn the clock back to 1995 when the Henriot family from Champagne bought Bouchard Père for an estimated, at the time, $50 million. This was a time when Bouchard was in the doldrums – both the company and their wines – losing money despite having 90 hectares of their own vines – today it’s more like 130 hectares – oh and not to forget their cellar of more than 6 million bottles came with the sale. Three years later, Henriot added Domaine William Fevre in Chablis to their family of wineries. Since the purchase of William Fevre, a whole generation of wine-writers have seen Fevre and Bouchard as domaines joined at the hip.

And the nice little earner?

With a little under 0.9 of a hectare, Bouchard Père is the third largest owner of Montrachet. In the current climate of (Burgundy) vineyard valuations, those vines alone have, possibly, a value of 150-200 million Euros. With that context, a billion Euros might just seem a little cheap don’t you think? I think you can safely expect that the price of (their) Beaune will be on the up!

As an (obvious) addendum to the Artemis/Henriot announcement, on this same day, came the announcement that the previous head of Bouchard Père – Thomas Seiter – was taking on the position of President at Louis Jadot in Beaune, replacing (the retiring) Pierre-Henry Gagey, whose son, Thibault Gagey, will be taking on the role of Jadot’s ‘Directeur-Générale.’

offer of the day – bruno clair – 2020s

By billn on July 10, 2022 #the market

From my usual Swiss merchant. In brackets, where offered, are the previous prices of the 2019s, 2018s, 2017s and the 2016s, — indicates not offered:

Domaine Bruno Clair
Marsannay Blanc 2020 75cl 35.00 (—, 28.00, —, —) * (Swiss Francs)
Corton Charlemagne Grand Cru 2020 75cl — (—, 145.00, —, —)

Marsannay 2020 75cl — (34.00, —, 32.00, —)
Marsannay Les Grasses Têtes 2020 75cl 49.00 (42.00, 39.00, —,—)
Marsannay Les Longeroies 2020 75cl 49.00 (42.00, 40.00, —, —)

Savigny-les-Beaune Les Jarrons 1er Cru 2020 75cl 53.00 (49.50, 48.00, 48.00, —)
Savigny-les-Beaune La Dominode 1er Cru 2020 75cl 69.00 (—, 59.00, —, —)

Vosne-Romanée Perdrix 75cl 2020 99.00
Chambolle-Musigny 1er Cru Les Charmes 2020 75cl 149.00

Gevrey-Chambertin Clos du Fonteny 1er Cru 2020 75cl 130.00 (119.00, 119.00, 105.00, 115.00)
Gevrey-Chambertin Les Cazetiers 1er Cru 2020 75cl 160.00 (145.00, 145.00, 139.00, —)
Gevrey-Chambertin Clos Saint-Jacques 1er Cru 2020 75cl 249.00 (228.00, 215.00, 189.00, —)
Gevrey-Chambertin Clos Saint-Jacques 1er Cru 2020 150cl 518.00 (476.00, —, —, —)

Bonnes-Mares Grand Cru 2020 75cl 395.00 (335.00, 335.00, 298.00, 325.00)
Bonnes-Mares Grand Cru 2020 150cl 810.00 (690.00, —, —, —)

Chambertin Clos de Bèze Grand Cru 2020 75cl 395.00 (335.00, 335.00, 298.00, 325.00)
Chambertin Clos de Bèze Grand Cru 2020 150cl 810.00 (690.00, —, —, —)

The prices are always high for this combination of producer and merchant – but this remains a favourite producer of mine…
*As always with this merchant – there’s an additional Swiss purchase tax of 7.7% to add, but then the prices are delivered…

Burgundy Report

Translate »
Processing...
Thank you!Your subscription has been confirmed.You'll hear from us soon.
Join the Burgundy Report mailing list:
ErrorHere

You are using an outdated browser. Please update your browser to view this website correctly: https://browsehappy.com/;