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Regional-reports

Champagne Regional Report

Our Champagne Regional Report examines the development of an investment market and the key Champagne producers in a successful portfolio.

Champagne needs little introduction, even to those not typically involved with fine wine. It is everywhere – from restaurants and clubs to airport lounges and private cellars. Fit for almost every occasion, Champagne has evolved from a celebratory indulgence into one of the most recognisable and investable luxury assets in the fine wine market.

A key driver of Champagne’s investment appeal is its unparalleled brand recognition. More approachable than other fine wines, Champagne benefits from broad global consumption, strong distribution networks, and deep secondary-market liquidity — all highly attractive characteristics for investors.

A decade ago, Champagne represented less than 3% of the fine wine investment market. Today, its share sits comfortably at 15%, making it a close contender to Burgundy as the second-most traded fine wine region after Bordeaux.

WineCap’s Champagne Regional Report explores how this transformation has taken place, how pricing dynamics have evolved, and why Champagne has become a core allocation within diversified fine wine portfolios.

Key findings from the Champagne Regional Report

Champagne is one of the best-performing fine wine regions

Once considered a modest price performer and one of the most affordable entry points into wine investment, Champagne has risen to new heights over the past two decades. The Champagne 50 index has delivered exceptional long-term growth, positioning Champagne as the second-best-performing fine wine region after Burgundy. Its performance has been driven by a combination of vintage quality, global brand power, and sustained international demand.

Champagne’s global reach

Champagne is one of the most liquid regions in the fine wine market. Its widespread consumption – across hospitality, entertainment, and private collectors – creates a unique dynamic: as Champagne is consumed, supply diminishes, while quality improves with age.

This inverse supply curve, combined with strong brand recognition, underpins consistent secondary-market activity and makes Champagne particularly attractive to investors seeking flexibility and exit opportunities.

Champagne market expansion has driven new opportunities

As Champagne’s investment market has grown, participation has expanded beyond a narrow group of prestige cuvées. While leading houses remain central, the market now encompasses a broader range of vintage, rosé, and grower Champagnes.

This expansion has increased both depth and diversity, allowing investors to access Champagne across different price points and risk profiles.

Champagne’s entry levels

Following a strong bull run between 2020 and 2022, Champagne prices have corrected by around 34% on average over the past three years. Importantly, prices stabilised throughout 2025, creating attractive entry points without undermining Champagne’s long-term investment case.

Historically, periods of consolidation in Champagne have preceded renewed growth as supply tightens and demand continues to build.

Rosé and Grower Champagne are gaining momentum

Two of the fastest-growing segments highlighted in the report are rosé Champagne and grower Champagne. Produced in smaller quantities and often commanding higher release prices, rosé Champagnes have shown strong relative performance. Meanwhile, leading grower estates have transitioned from niche favourites to serious investment candidates, driven by scarcity, critical acclaim, and growing global recognition.

While liquidity can be thinner in these segments, selective allocation can enhance diversification and long-term returns.

Leading Champagne houses still anchor the market

Despite the market’s expansion, the most powerful Champagne brands remain central to investment portfolios. Houses such as Dom Pérignon, Louis Roederer (Cristal), Krug, Bollinger, Salon, and Ruinart continue to dominate secondary-market trade, combining brand strength, consistency, and global demand.

Explore the full report

WineCap’s Champagne Regional Report provides a comprehensive analysis of Champagne’s investment performance, supply and demand dynamics, the rise of rosé and grower Champagne, and the key houses and brands shaping the market today.

Download the full Champagne Regional Report to explore the data, insights, and opportunities behind one of the world’s most liquid and resilient fine wine investment regions.


Champagne Regional Report

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Regional-reports

En Primeur Report – Bordeaux 2022: Unfulfilled Potential

Bordeaux 2022 is a great vintage that, despite its high quality, failed to reverse the waning sentiment for En Primeur. The excitement of the new was counteracted by the value on offer.

Although there was a significant increase in the number of visitors at the En Primeur tastings this spring, the campaign did not succeed in capitalising on this positive momentum.

Our latest report, Bordeaux 2022: Unfulfilled Potential, delves into the reasons why the campaign didn’t quite deliver on hopes and the event’s place within the industry in coming years.

Key findings:

  • Bordeaux 2022 is a high-quality vintage that has surpassed expectations, given the challenges of the growing season.
  • Neal Martin’s average 2022 in-barrel score was below 2020, 2019, and 2016, with most critics noting that it is a vintage to be selective.
  • The En Primeur tastings saw a significant increase in the number of visitors this spring, indicating continued interest in the region.
  • Some wines managed to offer value and were met with high demand upon release, including Château Cheval Blanc, Château Beychevelle, and Château Lafleur.
  • Average price increases between 15% and 25%, and as high as 55%, did not resonate well with the soft Bordeaux market.
  • Bordeaux 2022 vintage failed to reverse the declining sentiment for En Primeur due to high release prices in the context of older vintages offering better value.
  • Producers should evaluate the market dynamics to navigate the evolving fine wine market, and the role of En Primeur within it.

Download your complimentary copy of the en Primeur Report – Bordeaux 2022 and discover how fine wine can enhance your investment portfolio.



Bordeaux Regional Report



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Regional-reports

Bordeaux 2021 | Vintage Report

Our Bordeaux 2021 En Primeur Report is now available to download. Read our full analysis of the new 2021 vintage which is considered to be an approachable, good quality one that differs in style to the wines from the three previous years.

2021 was the coolest and second wettest vintage in the past decade with frosts, rain and mildew. This meant yields were down significantly in some appellations. Meticulous sorting in both the vineyard and the winery enabled producers to select only the best fruit and this created the finest wines possible. 

Critic reports suggested that quality was better than expected and there is a selection of outstanding wines on offer that will bear comparison with the very best and various châteaux have produced some of their highest ever rated wines.

Prospective buyers have been expectantly waiting for the 2021 vintage’s scores and prices. Release prices were expected to be lower than those of the top rated trilogy of 2018, 2019 and 2020 as this is a different style of vintage from a challenging year. However, there were economic reasons that could justify price rises such as inflation, wine shortages and the US dollar’s appreciation against the Euro.

In general, wines have been released at the same price as 2020 – just 1% lower on average. However, some châteaux released at up to 15% discounts, while others at up to a 15% premium with lower scores than last year.

Discover our analysis and the fine wines we recommend fully in this report. While it was a mixed vintage, there are some excellent wines on offer at attractive prices.



Bordeaux Vintage Report

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Regional-reports

Bordeaux 2020 | Vintage Report

Our Bordeaux En Primeur 2020 Report is available to download. Discover our wine investment experts thoughts on 2020, a vintage that has widely been heralded by prominent wine critics as excellent and the third in a row of top Bordeaux vintages. Find out which Bordeaux sub-regions and producers they feel delivered top class wines that are worth seeking out. 

As with the two vintages that preceded it, conditions in 2020 favoured producers with multiple plots of different soil types due to the abundance of both sunshine and rainfall. Right Bank clay soils were better able to retain water and thus sustain the vines. 

Although Bordeaux En Primeur 2020 is undoubtedly a fantastic vintage, investors are advised to be selective and search for relative value rather than being led solely by critics’ scores. 

Through careful study and data analysis, WineCap provides insight into the wines that we feel present both value and opportunity for capital growth. With our bespoke, industry-leading graph and analysis tools we have concluded that the wines selected in this report are attractive prospects and that any carefully built investment portfolio should consider 2020 Bordeaux.

Click the button below to download our Bordeaux En Primeur Report. Do not hesitate to get in touch and speak to one of our wine investment advisors to reserve your allocations.



Bordeaux Vintage Report

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Regional-reports

Bordeaux 2019 | Vintage Report

Our Bordeaux En Primeur 2019 Report is available to download. Find out what our wine investment experts thought of 2019, a wonderful vintage that saw a surprisingly successful En Primeur campaign during the global uncertainty and financial stress of the time. Discover which Bordeaux sub-regions and producers we feel delivered top class wines worth paying attention to. 

In 2019, cool weather during flowering led to reduced quantities and conditions favoured producers with multiple plots of different soil types that could handle both the sunshine and rainfall. Right Bank clay soils were better able to retain water and thus sustain the vines.

Though 2019 is undoubtedly a fantastic vintage, investors are advised to be selective and search for relative value rather than being led solely by critics’ scores. 2019 was quite different in terms of how tastings were conducted. No longer could massive trade tastings be held for the media and critics. Therefore, the tasting notes from that year may be the most careful and well-thought out of any, as the critics were not being whisked from one mass tasting to another and could taste samples at their leisure at home. Without the pressure of being in the company of the winemaker, or under the influence of peers, these may be some of the most honest ratings ever. 

Through careful study and data analysis, WineCap provides insight into the wines that we feel present both value and opportunity for capital growth. With our bespoke, industry-leading graph and analysis tools we have concluded that the wines selected in this report are attractive prospects and that any carefully built investment portfolio should consider 2019 Bordeaux.

Click the button below to download our Bordeaux En Primeur Report. Do not hesitate to get in touch and speak to one of our wine investment advisors to discuss buying wines En Primeur.



Bordeaux Vintage Report