Burgundy isn’t storming the market like it was 12 months ago, but don’t underestimate the ongoing scarcity and global demand for a hardcore group of blue-chip producers, according to some merchants.
‘At some point, the market had to pause for breath,’ said Nick Martin, founder and CEO of Wine Owners exchange in the new Knight Frank Wealth Report 2023, referencing strong price gains for top Burgundy over a five-year period and a recent slowdown.
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"}
{}
{"wineId":"67627","displayCase":"standard","paywall":true}
{}