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According to a report by British wine investors "Wine Cap," Italian Super Tuscans are faring better against the general price decline than wines from Burgundy. While the price for Italian fine wine fell by only 4.1 percent last year, wines from Burgundy were most affected with a decline of 14.7 percent. According to the Liv-ex 1000 Index, prices for fine wine worldwide have fallen by an average of 11.6 percent.
"The Italian secondary market has been invigorated by highly rated new releases such as Sassicaia and Ornellaia 2021. Aside from the Super Tuscans, which are among the most valuable wines, Italy continues to offer diversity, stable performance, and a safe value," explained a representative from Wine Cap in the report. In addition to the Super Tuscans, wines like Antinori's Brunello di Montalcino Vigna Ferrovia Riserva, which saw a price increase of 38 percent last year, are also impressive. Overall, Italy offers an attractive environment for investments, as prices for fine wines there are comparatively low.
Champagne shows stabilization in contrast to Burgundy: While the average price fell by 10.6 percent last year, recent declines were less than 0.6 percent. This development is attributed to a persistently high demand.
(ru / Harper’s)