The Wine Collector
Practical wine collecting advice from Steve Bachmann, Vinfolio's CEO
Top 20 red Burgundies at auction in 2006
To resume my series on 2006 auction price results by region, let's turn to red Burgundies whose price points tower above those of other categories. In fact, the average price of a top 20 red Burgundy ($15,689) is 34% above the average price of the next highest category which is Bordeaux ($11,691).As with white Burgundy (see prior post), Domaine de la Romanee-Conti (DRC) entries dominate with 11 of the top 20 spots. Of those, wine from the Romanee-Conti vineyard are the most precious. DRC's Romanee-Conti vineyard
The Romanee-Conti vineyard is wholly owned by DRC making it a rare monopole (meaning single vineyard ownership). The vineyard's small size (1.8 hectares or just under 4.5 acres) means that annual production is low with an average of only 450 cases. As another prior post titled "An explanation of fine wine prices" covers, wine pricing is not exempt from the basic laws of supply and demand.The Top 20 most expensive red Burgundies at auction in 2006
The table below lists the top 20 most expensive red Burgundy wines sold at major auction houses in 2006 (based on data from the January 2007 edition of the Wine Price File). The price shown is the average price of the bottle count sold. Data presented is for 750ml bottles only and prices include the auction buyer's premium.
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