The Hospices de Beaune sales last Sunday reached the record sum of 29.0 M€ for 802 barrels, blowing away the previous record dating from 2018 at 13.9 M€ for 828 barrels.
This means a twofold increase in price in 4 years (exactly 115%), considering that the two vintages sold, 2018 and 2022, are of comparable quality.
We can certainly see here the increased generosity of buyers for this charity (Beaune hospital), but also the insatiable craze of the whole World for the great wines of Burgundy, and especially Côte d'Or.
In the same vein, the latest ranking of winesearcher.com is edifying: among the 50 most expensive wines in the world, 45 are from Burgundy (and none from Bordeaux, nor even Petrus or Le Pin). Moreover, Burgundy holds the first 8 places in the ranking with Domaines Leroy, d'Auvenay, de la Romanée-Conti, Georges Roumier and Leflaive.
* Côte d'Or, which is the name of the department where the great Burgundian vineyards are located, literally means "golden hill".
Treasury Wine Estates, Australia's largest wine group with 13,000 hectares of vineyards worldwide (Oceania, Asia, America, Europe) and owner of the flagship Penfolds, has set its sights on the Haut-Médoc for a few years:
- Cambon-la-Pelouse, 65 ha in Haut-Médoc, acquired in 2019,
- Belle-Vue, 15 ha in Haut-Médoc, acquired in 2021,
- Gironville, 5 ha in Haut-Médoc, acquired in 2021,
- Bolaire, 7 ha in Bordeaux (but bordering Haut-Médoc), acquired in 2021.
Moreover, T.W.E. has just acquired this month Lanessan (+ Lachesnaye), a vast agricultural estate of 390 ha including 80 ha of vineyards in Haut-Médoc. In a short time, T.W.E. will have become one of the most important producers of the Médoc and nothing indicates that they will stop there (by enlarging for example the vineyard within the Lanessan domain?).