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Top ten biggest risers in the Power 100
Last month saw the publication of Liv-ex’s Power 100, but what were the wines that rose highest in the rankings in 2023? db reports.
The top ten risers in the Liv-ex Power 100 neatly illustrate the theme of this year’s Power List rankings – a return to quality, with Burgundy seeing four of the top ten biggest risers, Burgundy two, and one each from Piedmont, Tuscany, California and perhaps surprisingly, Switzerland’s Graubunden.
1. Chateau Climens, Bordeaux
Bordeaux’s Château Climens, in Barsac, stormed up the list in 2023, rising from 353rd in 2022 to 98th this year – carrying it over the cusp into the Power List. This came as a result of a brand repositioning itself under new ownership, Liv-ex said – last year Bérénice Lurton – whose has managed the Premier Cru Sauternes-Barsac for more than 30 years – sold a majority stake of the Chateau to family-owned French real estate business Patrimonia, owned by Jean-Hubert Moitry and his family. The 31 hectares of vineyards are managed by Moitry and his brother Jérôme and the estate’s longstanding technical director Frédéric Nivelle, “in partnership” with Bérénice Lurton.
2. Louis Latour, Burgundy
Burgundy’s Louis Latour rose 170 places this year, up from 193 in 2022, to 23 in the most recent Power List. It recorded an average price of £2,623, and a price performance of 0.4% (ranked 197) in the 2023 list.
3. Hubert Lamy, Burgundy
Fellow Burgundian Humbert Lamy also rose high up the rankings, going up 159 places from 196 to 3. Ranked 164 by volume and value, the domaine, which has 16.5 hectares of vineyards, the majority in St-Aubin but with a few parcels in Chassagne-Montrachet and a very small plot in the Grand Cru Criots-Bâtard-Montrachet, featured among the top 10 brands according to price performance, recording an average market price increases of 34.75%, taking the average trade price to £1,566, with 37 unique wines traded.
4. Gantenbein, Graubunden
Switzerland featured for the first time in at least six years in the 2023 Power List, due to the entry of Gantenbein, a family-owned winery in Fläsch, in the Grison Rhine Valley that comprises five hectares of Pinot Noir, one hectare of Chardonnay and 0.2 hectares of Riesling. Rising 139 places from 194th to 55, Gantenbein shone with its 10.8% price performance, with the average trading price hitting £1,992.
5. Roagna, Piedmont
Roagna was the only Piedmontese wine in the top ten risers, coming from 158th place to 48, a rise of 112 places. Liv-ex noted that Roagna, along with Rinaldi, Vietti and Gaja comprises a high number of labels – in Roagna’s case, 41 – some of which offer a good price point compared to Conterno and Bartolo, which helped to boost their appeal among the value buyer.
6. Biondi-Santi, Tuscany
Brunello di Montalcino producer Biondi-Santi rose 99 places from 134 to 35 in this year’s ranking. This year saw 22 unique wines traded, ranking it as 111th in that category.
7. Bruno Clair, Burgundy
Another estate from Burgundy, Bruno Clair rose 86 places from 182th place in 2022 to joint 96, with Leoville Barton. The price perfomance rose 3.91% with 28 unique wines traded, hitting average trade pride of £2,098.
8. Vieux Chateau Certan, Bordeaux
Vieux Château Certan returned to the Power 100 this year, rising 85 places from 128 to 43. Last year the Pomerol estates had slipped from the list, pushed out by newer labels from Burgundy and California entering the rankings, despite being a strong and stable brand.
9. Domaine Fourrier, Burgundy
The final Burgundian on the top risers list, Domaine Fourrier, in the Gevrey-Chambertin region in the north of the Côte de Nuits, rose 790 places from 172th place to 93rd in this year’s rankings.
10. Opus One, California
Opus One was the biggest riser from California in this year ’s edition, climbing 78 places from 82nd into fourth place, demonstrating the flight to quality that typified this year’s list. in terms of value and volume it ranked 8th, with the average trade price of £2,899. and price perfomance of 4.87%. According to Liv-ex, there is demand for top Californian brands such as Opus One and Screaming Eagle, which featured in the top 10 brands ranked by trade price) as well as Dominus, although the latter narrowly missed out on a place in the Power 100 by just two places, however wines from California are undergoing “a significant price correction”. This can be seen in the 12.6% of The California 50, which tracks the price of the 10 most recent vintages of the five most active California wines.
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