Based on sources from within the auction world, Wine-Searcher reports that the coveted Burgundian label Domaine de la Romanée-Conti might be losing its cachet with wine collectors. While Sotheby’s annual rankings confirm that DRC was still the top selling wine in 2014, with $8.9 million in sales through the auction house, some experts say the end of its golden child status is nigh.
Anthony Barne MW of Bonham’s wine department cites that overall DRC prices “cooled” in 2014, along with the usual intense interest in Burgundy (except for Henri Jayer). Barne explains that, “With interest coming from such a wide range of cultures and economies, it is increasingly hard to predict what the next fashion will be.”
The downside of popularity seems to be rearing its head; Hart Davis Hart president Ben Nelson believes that because DRC prices have increased so drastically in recent years, further appreciation is uncertain. Nelson also reported that other Burgundy producers such as Dujac and Leroux are quickly gaining in popularity. [Wine Searcher][Photo: Flickr/Anna&Michal]