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May 30, 2022 View:

Boutique wine investment grows amid epidemic impact

At the end of 2020, the 1995 vintage of Barolo Riserva Monfortino (3.25 liters) from Giacomo Conterno, a renowned winery in the Barolo region of Italy, fetched €20,000 at a wine auction at Bolaffi Auction House in Piedmont, Italy.

Image courtesy of: ItalianWine.com

Filippo Bolaffi, CEO of Aste Bolaffi, said: "Italian wines have achieved remarkable success in recent years in the world of top collector auctions, with boutique wineries in Piedmont and Tuscany leading the way and Italian boutique wines already commanding auction prices comparable to those of the great French wines. Due to various factors such as the epidemic and politics, 2020 was an outstanding year in the history of wine auctions, despite its complexity and volatility. We have never received as much demand for our collection as we did this year. We organized four wine auctions this year and they were very successful. Although restaurants were closed and people were isolated at home, the enthusiasm of wine collectors and enthusiasts rose rather than fell, and they seemed to want to comfort themselves by investing in wine and by drinking it. Despite the turbulent world economic situation, the investment value of fine wines has been reaffirmed.

This conclusion was confirmed by the recent release of the 2020 Fine Wine Market Report by Liv-Ex, the London International Wine and Spirits Exchange. The report revealed that the total volume of transactions on the Liv-Ex platform in 2020 also set a record, reaching £83 million, an increase of £33 million over 2019.

The report data also shows that the Italy 100 index grew by 6.7% in 2020, much faster than the rest of the country's boutique wine index in 2020. 2020 saw the Liv-Ex 1000 index grow by 1.6%, the Bordeaux 500 index grow by 2.9% and the Burgundy 150 index fall by 1.2%. In addition, the report shows that the market share of Italian boutique wines in Liv-Ex's statistics almost doubles in 2020, from 8.8 percent in 2019 to 15.3 percent in 2020.

Liv-Ex Top 10 Best Value Boutique Wines in the World 2020 includes three Italian wines.

Giacomo Conterno Winery Barolo Monfortino 2013

San Guido Vineyard Sassicaia 2017

Antinori Estate Tignanello 2016

Four Italian wines are among the top 10 fastest-appreciating boutique wines in the world for 2020 on Liv-Ex.

San Guido Vineyard Sassicaia 2013

Antinori Estate Tignanello 2013 and 2016 vintages

Antinori Solaia 2013