VINES to VAULT
Wine Collecting Sees Historically High Peaks—and Some Troughs The collectible wine market has regained steam after a couple of years of softening prices, with blue chip categories such as first-growth Bordeaux, Burgundy, Champagnes and California wines showing the most strength. But there are also lesser-known opportunities for collectors in up-and-coming wines, says David Parker, CEO of Benchmark Wine Group. “Wines from Mount Etna [in Italy] are hard to get and are treasured. Also, wines from Switzerland and some eastern European areas like Slovenia are showing on the radar,” Parker says. “Port used to be an old-school collectible 100 years ago and it’s now becoming popular, and Madeira is doing extremely well.” Parker says the recent softening in the market after a March 2022 peak is part of a broader trend. “Prices tend to move up rapidly for a couple of years, then correct, then start that cycle all over again,” he says. “Each peak has been historically higher than the one before.”
73% THE ESTIMATED NUMBER OF CLIENTS THAT COLLECT WINE THE AGENCY GLOBAL SURVEY
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