The fine wine also maintains its leading role in auctions.
This is supported by an analysis by the Pambianco Observatory on the sector.
The study highlights how 2022 for the sector was "a wonderful year for fine wine" which proved to be "once again more stable than traditional assets, especially in times of economic turbulence".
With the economic report, the analysts specifically point out that Sotheby's Wine closed with record sales of 121 million dollars (about 112 million euros, + 9% compared to 2021) and over a third of sales (54 million dollars) were "generated by the growing market in Asia".
In particular, it is reported that French connoisseurs spent 42 million dollars in Sotheby's auctions,
32 million in the US and 22 million in the UK.
For Sotheby's, Burgundy was the region preferred by clients, with 51% of sales (supported by the results of the Monumental DRC auction), followed by Bordeaux with 20%.
Among the novelties, the auction house has entered into partnerships with wine producers with direct sales of Lynch-Bages (1.2 million dollars), Château du Clos de Vougeot (869,000) and Château Mouton Rothschild (approximately 182,000) .
Pandolfini closed the year with a turnover of 3.6 million euros driven by the two auctions in attendance and in particular by the one in April which generated 1.48 million.
Positive results also for Bolaffi which closed 2022 with a turnover of 2.45 million euros: the most famous producers in Piedmont scored high prices, including the nine bottles of Barolo Monfortino Riserva 2010 by Giacomo Conterno , sold for 14,000 euros, but also from Tuscany, such as the 42 bottles of Masseto (three for each vintage from 2005 to 2018) sold for 20,000 euros.
Experts point out that "wine continues to be an interesting asset for investments but 2023 requires greater caution".
(HANDLE).