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Chablis’ unsung place in the Burgundy market

By July 26, 2022Bronze, Burgundy, Market Update

Recent trading activity 

Burgundy led activity over the weekend, accounting for over 55% of trade by value. There was interest for grands crus such as : Domaine de la Romanée-Conti La Tâche 2010, Domaine Georges Roumier Bonnes Mares 2013, Domaine Cecile Tremblay Chapelle-Chambertin 2018 and Domaine Armand Rousseau Ruchottes-Chambertin Clos des Ruchottes 2011. 

There was also demand for premier cru wines including: Domaine Georges Roumier Chambolle-Musigny Les Cras 2012, Prieuré Roch Nuits-Saint-Georges Clos des Corvees 2017 and Jean-Claude Ramonet Chassagne-Montrachet Les Ruchottes 2017. 

The current market for Chablis   

The weekend also saw trade for one of Burgundy’s more unsung regions in the secondary market – Chablis. 

The 2019 and 2020 vintages of Domaine François Raveneau’s Montée de Tonnerre were the wines that found the bid over the weekend. 

Domaine François Raveneau has the highest average trade price among Chablis estates of £5,009 per 12×75 (see table above).  

Nonetheless, Chablis overall has an average trade price of £1,070 per dozen making it one of the cheaper Burgundian appellations – especially for buyers seeking premier and grand cru wines when the average trade price for white Burgundy is £4,586. 

Looking at wines by LWIN7, Raveneau’s Montée de Tonnerre cuvée has been the second most-traded Chablis by value so far this year, behind Domaine William Fèvre’s Grand Cru Les Clos. 

However, the 2018 vintage of Raveneau’s own Les Clos has been the top-traded Chablis by value when including vintage (LWIN11). 

So far in 2022, Chablis has accounted for just 1.2% of Burgundy trade by value, but it represents a slightly larger proportion of trade by volume – 3.4%. 

Looking purely at trade for white Burgundy, Chablis currently represents 5.1% of trade by value and 10% of the volume. 

Although the focus of Burgundy buyers remains largely fixed on the wines of the Côte d’Or, there is more activity around Chablis than a quick glance would suggest. 

Opportunities to trade Burgundy  

There are currently over 5,500 LIVE bids and offers on Burgundy. To see them all, go to the exchange. 

Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 600 merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 16,000 wines. Independent data, direct from the market.