What’s in store for the fine wine market this year? We’ve taken a look at the data and found a number of emerging trends that might impact your buying and selling decisions this year. Many of these trends have been gaining ground for a while, but this year they may have particular impact on the market.
What I love most about Super Tuscans is how diverse these wines are. Some are almost purple in color, with bold, fruit-forward flavors, while others are bright red, finessed, and racy. No matter what type of wine you prefer to drink, there’s a Super Tuscan out there that is perfect for you. However, this diversity also makes these wines more difficult to shop for based on vintage alone. When you drink a red Bordeaux blend or a white Burgundy, you usually know exactly what to expect before you uncork the bottle, based on what critics have said about the vintage. But with Super Tuscans, finding the best vintages isn’t always so clear-cut. The best vintage for a bold Syrah blend, for example, might differ from that for a Sangiovese blend. To find the highest-quality Super Tuscan vintages, you need to take into consideration the weather conditions and how they affected the primary grape varieties in the blend.
Whenever I see a magnum from one of my favorite producers, I almost always buy it without a second thought. That’s because I host a Christmas dinner party with my extended family every year, and we go through around a dozen standard-size bottles over the course of the night. Hosting a party like this is a serious challenge–not only do you need to make sure there’s enough wine to go around, but you also have to choose those wines carefully so that they appeal to everyone’s diverse tastes. It took my family and me a number of years to refine our Christmas wine list, but we have finally come up with the perfect combination of wines that make everyone in the family happy.
A wine collector I know buys dozens of bottles online around the holiday season, and over the years, he’s become acquaintances with the UPS driver who drops off the packages. They often have conversations about their favorite bottles of wine while he signs for the deliveries. One year, my friend decided to get the UPS driver a Christmas wine basket to show his appreciation for handling the deliveries with such care. He chose three bottles of wine that he thought the driver would enjoy and gave the basket to him during one of his usual deliveries. The driver was thrilled with the unexpected gift and the thought that went into it.
About ten years ago, one of my colleagues was looking for the perfect Champagne gift basket to give to his brother for Christmas. His brother is a huge fan of Dom Pérignon and was particularly fond of the 1998 vintage. After shopping around, my colleague heard about a gift basket at Costco that included a bottle of 1998 Dom Pérignon. By the time he got to the store, though, the baskets were sold out. Rather than buying a different pre-made basket, my colleague decided to make his own version instead. He bought a beautiful Longaberger basket and two bottles of 1998 Dom Pérignon online, then filled the basket with his brother’s favorite snacks. In the end, his brother appreciated the gift that much more, knowing that it had been made with him in mind.
My father loves to drink Pol Roger, especially as Christmas approaches. Starting in early December, he brings a bottle to just about every holiday party and dinner event on his calendar. I’ve seen him drink Pol Roger with everything from festive cheese platters to Christmas ham to gingerbread cookies. No dish is too salty, too sweet, or too hearty for his favorite bottles of Blanc de Blancs and Cuvée Sir Winston Churchill.
Three years ago, I was invited to a New Year’s Eve dinner party with a small group of close friends. I knew that I wanted to bring a bottle of wine, but I was having trouble deciding what type to bring. I assumed that everyone else would be bringing the usual Champagne for New Year’s Eve, so I crossed that off the shortlist. I wanted to choose a wine no one else in the group would think to bring, like New-World Pinot Noir, Riesling, or Torrontés. I eventually decided on a bottle of Rhys Pinot Noir, and it turned out to be the perfect choice for the event. The wine paired beautifully with our food and it was a nice change of pace from the sparkling wine everyone else brought.
Some bottles are destined to make great wine retirement gifts. In a recent discussion on the Wine Berserkers forum, member Andrew Demaree wrote that he gave a bottle of 1997 Montelena to his father to celebrate his recent retirement. To Demaree’s surprise, another forum member responded to his comment saying that he, too, had been given an entire case of the exact same vintage after retiring from his company. Demaree wrote back, “That’s fantastic. They must’ve thought very highly of you!”
Usually, winemakers in Bordeaux are hesitant to call a vintage superb until all of the grapes have been picked and the wine has finished fermenting. This year, however, winemakers across the region are thrilled with the quality and ripeness of the grapes–they’re already calling the 2018 Bordeaux harvest one of the most successful of the past decade. While it’s still too early to make any definitive predictions about the investment potential of the 2018 vintage, based on the health of the grapes picked so far, you can expect to see plenty of age-worthy, intense wines. This is a vintage that you’ll want to keep a close watch on as it develops over the next few months.
Considering wine as an asset class can be an attractive option for collectors because trends in the wine market are generally more stable and predictable than they are in many other industries. Domaine de la Romanée-Conti (DRC), for instance, has held a strong share of the secondary market for decades, and this trend isn’t expected to reverse anytime soon. However, in order to maximize your returns, you need to consider what makes wine a great investment, how to identify wines that are worth keeping, and what to do with your bottles once you have them in your cellar.
With ripe, perfumed aromas and lively acidity, the 2017 Bordeaux vintage is shaping up to be a very approachable release for collectors. It’s true that these wines aren’t quite as exciting and sumptuous as the recent 2015 and 2016 vintages, but 2017 Bordeaux is still worth consideration. This vintage is perfect for early to mid-term drinking, with a great expression of terroir. However, before you invest in 2017 Bordeaux wine futures, keep in mind that quality varies in this vintage and many producers had to overcome poor weather conditions. You’ll need to choose your bottles carefully, but if you do, you can expect to find supremely drinkable, fresh-tasting wines that you can enjoy while your more legendary bottles mature.
In the late 1990s, you could buy Dominus’ flagship wine directly from the estate for just $65 per bottle; today, many of these wines are worth anywhere from $250 to $500 apiece on the secondary market, sometimes more if the vintage is especially high in quality. However, it’s not just the ever-increasing market value that draws wine enthusiasts to this producer. Dominus wine scores are also among the highest in Napa year after year, and the estate’s offerings very frequently outrank other superb California wineries–even the famed Opus One. Critics and collectors alike adore Dominus’ small-scale, Bordeaux-style wines, and analyses like the one Liv-ex publishes project that these wines may continue to grow in value significantly over the next few years. Now is perhaps the best time to invest in wines from this high-quality estate, and by following this guide, you can learn how to make the most out of every bottle you purchase.