The Wine Market Journal Reveals the Most Appreciating Wines of 2024
As 2024 comes to a close, wine enthusiasts and collectors are buzzing about the latest findings from The Wine Market Journal. Known for its thorough valuation of rare wines, the Journal recently published its list of the top appreciating wines of the year. This annual revelation not only provides insight into the fluctuating market trends but also showcases the enduring appeal of high-end wines, particularly during a challenging year for the alcohol industry.
David A. Parker, Publisher and Owner of The Wine Market Journal, emphasized the growing interest in wine collecting among high-net-worth individuals, many of whom now include their wine collections as part of their investment portfolios. Parker stated, "2024 was a challenging year for much of the alcohol industry, but high-end wines provided a bright spot, as they generally do, with good strength. With wine collecting proving to be one of the most popular hobbies in the country, we thought this very eventful year would be ideal to start our Top 10 list of appreciating wines." His remarks highlight the dual nature of wine as both a collectible and an investment opportunity, reflecting lifestyle trends and economic conditions.
The process to compile this influential list involved a robust analytical approach, as noted by Peter Gibson, the Journal's Editor and head data analyst. Since rare wines transact less frequently than traditional stocks, Gibson and his team meticulously ensured they had enough trade data for both 2023 and 2024 before establishing their averages. For wines under 25 years old, a minimum of six trades in both years was necessary, while for those over 25, only four trades sufficed, with pricing thresholds set at $50 for younger wines and $75 for older wines.
Notably, every wine on the list demonstrated appreciation rates exceeding twice that of the stock market this year.
Here are the wines that made the cut:
11th Place: J.L. Chave Hermitage Blanc 2018 - Average auction price jumped from $161 in 2023 to $253 in 2024, marking a 57% increase. The impressive scores from both The Wine Advocate and Jeb Dunnick speak volumes about its quality and growing popularity.
10th Place: Vietti Barolo Ravera 2013 - The average auction hammer increased from $177 to $295, reflecting a 67% appreciation. This wine's perfect score from Vinous magazine underscores the soaring demand for Italian wines in the U.S.
9th Place: Cos d'Estournel 1978 - It appreciated by 69% with average prices going from $81 to $136. Its impressive ability to stand out among Bordeaux wines, initially seen as a weaker vintage, reflects changing collector preferences.
8th Place: Rayas Chateauneuf du Pape Reserve 1979 - This rare wine surged from $1,247 to $2,125 in auction price, a striking 71% jump, highlighting its coveted status.
7th Place: Clos du Val Cabernet Sauvignon 1974 - With a 71% increase in value, its average price climbed from $150 to $256, showcasing the enduring legacy of Napa Valley's renowned 1974 vintage.
6th Place: Beaulieu Vineyards Cabernet Sauvignon Georges de Latour Private Reserve 1974 - Here, we see an appreciation of 75%, from $158 to $277, further evidence of the growing appeal of older wines.
5th Place: Faiveley Corton Clos des Cortons 1996 - The sole Burgundy on the list, it saw an 85% increase from $120 to $222, possibly benefiting from the anticipated rise in demand for older wines.
4th Place: Chapoutier Ermitage Le Pavillon 1990 - Another high scorer with perfect ratings, its average price went from $287 to $546, reflecting a remarkable 90% increase.
3rd Place: Sterling Vineyards Cabernet Sauvignon Reserve Napa Valley 1974 - This wine moved up to an impressive 92% appreciation, its auction price soaring from $157 to $302.
2nd Place: Inglenook Cabernet Sauvignon Limited Cask 1978 - Groundbreaking growth here at 99%, moving from $92 to $183.
1st Place: Sandeman Vintage Port 1963 - Topping the chart, this vintage port appreciated by 108%, with auction prices climbing from $88 to $184. Its renewed interest reflects a shift in how collectors value fortified wines.
Overall, the data reveals that while many wines did appreciate significantly, 85 wines met the criteria for inclusion and exceeded the stock market's rise of 25%. With nearly 800 wines outpacing the year's 2.7% inflation rate, it is evident that the wine market remains vibrant and diverse.
For avid collectors looking to delve into these wines, there are numerous online auction platforms, such as Brentwood Wine, providing ample opportunities to acquire sought-after vintages. With such dynamic shifts in the wine landscape, the future of wine collecting remains bright, blending both passion and potential profit.
David A. Parker, Publisher and Owner of The Wine Market Journal, emphasized the growing interest in wine collecting among high-net-worth individuals, many of whom now include their wine collections as part of their investment portfolios. Parker stated, "2024 was a challenging year for much of the alcohol industry, but high-end wines provided a bright spot, as they generally do, with good strength. With wine collecting proving to be one of the most popular hobbies in the country, we thought this very eventful year would be ideal to start our Top 10 list of appreciating wines." His remarks highlight the dual nature of wine as both a collectible and an investment opportunity, reflecting lifestyle trends and economic conditions.
The process to compile this influential list involved a robust analytical approach, as noted by Peter Gibson, the Journal's Editor and head data analyst. Since rare wines transact less frequently than traditional stocks, Gibson and his team meticulously ensured they had enough trade data for both 2023 and 2024 before establishing their averages. For wines under 25 years old, a minimum of six trades in both years was necessary, while for those over 25, only four trades sufficed, with pricing thresholds set at $50 for younger wines and $75 for older wines.
Notably, every wine on the list demonstrated appreciation rates exceeding twice that of the stock market this year.
Here are the wines that made the cut:
11th Place: J.L. Chave Hermitage Blanc 2018 - Average auction price jumped from $161 in 2023 to $253 in 2024, marking a 57% increase. The impressive scores from both The Wine Advocate and Jeb Dunnick speak volumes about its quality and growing popularity.
10th Place: Vietti Barolo Ravera 2013 - The average auction hammer increased from $177 to $295, reflecting a 67% appreciation. This wine's perfect score from Vinous magazine underscores the soaring demand for Italian wines in the U.S.
9th Place: Cos d'Estournel 1978 - It appreciated by 69% with average prices going from $81 to $136. Its impressive ability to stand out among Bordeaux wines, initially seen as a weaker vintage, reflects changing collector preferences.
8th Place: Rayas Chateauneuf du Pape Reserve 1979 - This rare wine surged from $1,247 to $2,125 in auction price, a striking 71% jump, highlighting its coveted status.
7th Place: Clos du Val Cabernet Sauvignon 1974 - With a 71% increase in value, its average price climbed from $150 to $256, showcasing the enduring legacy of Napa Valley's renowned 1974 vintage.
6th Place: Beaulieu Vineyards Cabernet Sauvignon Georges de Latour Private Reserve 1974 - Here, we see an appreciation of 75%, from $158 to $277, further evidence of the growing appeal of older wines.
5th Place: Faiveley Corton Clos des Cortons 1996 - The sole Burgundy on the list, it saw an 85% increase from $120 to $222, possibly benefiting from the anticipated rise in demand for older wines.
4th Place: Chapoutier Ermitage Le Pavillon 1990 - Another high scorer with perfect ratings, its average price went from $287 to $546, reflecting a remarkable 90% increase.
3rd Place: Sterling Vineyards Cabernet Sauvignon Reserve Napa Valley 1974 - This wine moved up to an impressive 92% appreciation, its auction price soaring from $157 to $302.
2nd Place: Inglenook Cabernet Sauvignon Limited Cask 1978 - Groundbreaking growth here at 99%, moving from $92 to $183.
1st Place: Sandeman Vintage Port 1963 - Topping the chart, this vintage port appreciated by 108%, with auction prices climbing from $88 to $184. Its renewed interest reflects a shift in how collectors value fortified wines.
Overall, the data reveals that while many wines did appreciate significantly, 85 wines met the criteria for inclusion and exceeded the stock market's rise of 25%. With nearly 800 wines outpacing the year's 2.7% inflation rate, it is evident that the wine market remains vibrant and diverse.
For avid collectors looking to delve into these wines, there are numerous online auction platforms, such as Brentwood Wine, providing ample opportunities to acquire sought-after vintages. With such dynamic shifts in the wine landscape, the future of wine collecting remains bright, blending both passion and potential profit.
Topics Consumer Products & Retail）
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