French land study points to widening price gap between appellations
Not that this is a huge surprise, mind you, but they quote actual prices for the land.
Thank you for the interesting reference, Jason.
Only $15,000/hectare down here. New winemakers continue to land here, esp in the western end of the province near St-Paul-de-Fenouillet where they prefer vineyards with old Carignan vines. Pretty lonely place to live, 40km from Perpignan.
$800,000/hectare in Condrieu and more than $2 million in Champagne. (and I'm not fond of either)
Curious about the Burgundy prices.
Burgundy prices seem to be holding, based on the info from the folk, with whom I spoke last week.
OTOH, we just met with two wine makers/vineyard owners from the Rhône (Northern & Southern), and they talked of a certain availability to younger wine makers. One had many generations in his appellation, while the other was more of a "new comer," Both indicated that there were still properties that were reasonable enough to allow for new folk. However, what might seem "reasonable" to them, might make my eyes roll back, or perhaps compared to Burgundy, or Napa, might seem cheap? It totally depends on one's frame of reference.
Now, while I do appreciate your comments on Condrieu and Champagne, they ARE favorites of mine, regardless of the cost of prime real estate. Just different strokes. Still, that IS expensive by almost anyone's standards.
I envy you, as you have access to wines that totally alien to me in the US. I only hope to live long enough, and have enough $ to sample most of the FR wines. I am doing my best, but my best is just not good enough.
re: Bill Hunt
Oh, I know Condrieu and Champagne are classy wines. My first wife swore by Ch Grillet (I know, Jason - it has its own appellation), my elder son adores Viognier, and I DO enjoy vintage Champagne.
However, my personal taste runs to still wines, esp from the Cote-de-Beaune, and I even make it a point to learn fish recipes that demand such.
You should note that the widening land price gap does not mean that there is also a widening wine quality gap. The prices of the "best" wines (and the land those wines come from) are driven by the demands of luxury goods purchasers. The numbers of people who can afford "the best" are soaring as China and India continue to grow.
<<The numbers of people who can afford "the best" are soaring as China and India continue to grow.>>
And they are continuing to impact.
Will be interesting to see how strongly those "emerging markets" continue. Maybe I will be happy with "Two Buck Chuck," or maybe there will be major shakeups (happened with Japan, not THAT long ago), and I will find big values?
Glad that my cellar is overly full, as if worse comes to worst, I still have options available to me.