Armand Rousseau Was the Best-Performing Fine Wine in 2019
Burgundy had a stellar year on the secondary fine wine market at the expense of Bordeaux, but it was Armand Rousseau that outshone other brands in 2019, according to Liv-ex.
Last year, the average price of a total of 146 unique Armand Rousseau wines traded on Liv-ex, a London-based global marketplace for wine trades, reached £13,185 (US$17,274) per case, up 20.8% from the year before.
This helped Armand Rousseau leapfrog two other Burgundy producers, Domaine de la Romanée-Conti (DRC) and Domaine Leroy, to claim the first spot in the Liv-ex Power 100, an annual ranking of the fine wine brands, released Tuesday.
Armand Rousseau was ranked No. 7 in 2018. Domaine Leroy fell from the top spot in 2018 to the third place, and DRC moved up one spot to claim second place. Overall, eight Burgundy wines accounted for the top 10 in 2019, and 34 made it to 14th edition of the Power 100 that Liv-ex has produced the rankings in conjunction with The Drinks Business magazine based in London.
The rankings were based on four criteria: year-on-year price performance, trading volume and value on Liv-ex, the number of wines and vintages traded, and the average price of the wines. The rankings covered the period from Sept. 1, 2018 to Aug. 31, 2019.
Last year, 6,367 wines from 995 brands were traded on Liv-ex, compared to the 5,700 wines and 953 brands in 2018.
“The 2019 rankings are interesting because they not only show a continuation of some major themes in the past year, such as the broadening of the market, but they also suggest that we might be approaching a turning point,” says Justin Gibbs, co-director at Liv-ex.
A major change in the market was the fall-off of First Growths. “This year was also the first time that all of the First Growths failed to rank in the top five as their prices began to stagnate,” Gibbs says.
First Growths, or premier crus, include Lafite-Rothschild, Latour, Margaux, Haut-Brion, and Mouton-Rothschild, all of which are from Bordeaux.
But the real story of the Top 10 is the inclusion of three big Champagne brands: Krug, Louis Roederer, also known as Cristal, and Moët & Chandon, or Dom Pérignon.
“Champagne is low risk,” Gibbs says, adding that anticipation over the release of the much-hyped 2008 vintage helped “massively.”
Sassicaia from Italy jumped to 7th place in 2019 from 29 in 2018.