Wines Then and Now: Part 3
Old World big boys: Burgundy and Bordeaux
Across the board we can see that the prices over the span of a decade have almost uniformly increased faster than any other region we’ve looked at yet. In fact, many of the wines have doubled or tripled in price. It’s hard to see much value here, but on faith I would have to say that the Grand Puy Lacoste and Gruaud Larose still represent fair value for world class wines. The one standout here being of course Sociando-Mallet. A throwback wine, still hard and green in the context of Bordeaux, but lovers of its style like it. For $40 you’d be hard pressed to find a more interested bottle of wine. Will it increase in value over the coming year? I’d have to bet yes, since it is such a unique expression of Bordeaux, and many producers whose wines are roughly in the $20 to $50 range continue to offer compelling value, but above that range, the pickings seem to be getting awfully slim.
And that brings us back to where it all started, sort of. We obviously started with the wines of Barolo, but my premise was and remains that the jump in the pricing of Burgundy has shifted attention that was previously focused here to other regions, Barolo in particular. Unfortunately I wasn’t a big buyer of Burgundy a decade or so ago, so I’ll have to rely on purchase made from the 2005 vintage and compare them with their 2010 counterparts, a particularly apt comparison since these will likely turn out to be the top two vintages of the past decade.