2023 was Italy’s year for the fine wine market. The Italian sector closes by recording an overall growth of +3.6 percent, which compares with the slowdown recorded by the French market, down -3.3 percent.
Against the trend of these countries, which have a preponderant weight in the sector, overall the market for fine wines in 2023 closes under the banner of stability, with values basically in line with the previous year (-0.1%).
This physiological result follows the significant growth recorded in 2022, a year that had closed with an increase of +10.7 percent, and with that accumulated over the past five years during which the fine wine market has increased its value by more than 60 percent.
This is according to the market analysis conducted by the eWibe Observatory, live market of fine wines, which takes a snapshot of the main trends taking place in the investment wine market thanks to indexes, news and insights
[1]
.
Looking at the individual regions, Tuscany (+3.4 percent ) and Piedmont (+2.2 percent) once again stand on the Italian podium, while the physiological decline in Burgundy (-5.3 percent), Bordeaux (-2.4 percent) and Champagne (-2.1 percent) was consolidated over the 12 months.
French and Italian markets
In detail, the French market saw Champagne return to a larger volume of supply in 2023 after two years of limited production that had particularly supported its price. On the other hand, both Bordeaux and Burgundy suffered from a general decline in volume: the latter in particular, registering a correction in value after years of strong growth driven mainly by Asian markets.
The Italian market benefited from the marketing of vintages of excellent quality, such as 2019 and 2020, which were able to attract the interest previously directed at the French market. Tuscany and Piedmont, for the second consecutive year, recorded positive performances characterized by sustainable growth rates.
“The fine wines market in 2023 has regained more balance after a decade-long run. It is a healthy, physiological pause that, by virtue of the normalization of some quotations, can be an interesting window of entry into a market that traditionally experiences double-digit performance.” says Leonardo Bernasconi DipWSET, Head of Wine at eWibe.
Top-performing wines
The eWibe Observatory took a detailed snapshot of the best performing labels recorded on the live market in 2023:
Bottles that have increased in value the most:
- Tramin Winery Epokale 2015: +78%.
- Ferrari Giulio Ferrari Riserva del Fondatore 2009: +70.6%.
- Domaine Bruno Clavelier La Combe d’Orveaux 2016: +41.9%
- Gaja Gaia & Rey 2011: +40.3%.
- Bruno Paillard P.U. 2003: +40%.
Bottles that have found the most interest (views, clicks and searches):
- Louis Roederer Cristal 2004
- Krug Vintage Brut 2008
- Montevertine Le Pergole Torte 2020
- Ferrari Giulio Ferrari Riserva del Fondatore 2010
- Winery Tramin Epokale 2015
Bottles that have been most successful in terms of sales:
- Tenuta San Guido Bolgheri Sassicaia 2020
- Antinori Tignanello 2020
- Giacomo Conterno Barolo Francia 2018
- Bartolo Mascarello Barolo 2018
- Dom Pérignon Vintage 2013
Highest value bottle transacted:
- Domaine de la Romanée-Conti Romanée-Conti Grand Cru 2016: 23,000 euros
How eWibe Indices Work
The eWibe indexes are processed through the proprietary algorithm that analyzes all information about the most representative labels in the Italy-France investment wine market. The indexes highlight a synthetic informational value that can represent the different sensitivities that pertain to all market participants-from investors to enthusiasts, from collectors to the entire supply chain.
