TOP 10 INVESTMENT OF THE DECADE

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Top 10 Investment Wines of the Decade

Top 10 Investment Wines of the Decade

Over the past decade, the market has seen some seismic changes. At the beginning of this period, Bordeaux still dominated the market and was the darling of the Far East, with brands such as Lafite and Petrus experiencing insatiable demand and price rises to match. Since then, with prices on the rise for Bordeaux, discerning wine buyers started to look elsewhere, turning the spotlight on the other great regions which had for the previous decade been overshadowed by Bordeaux’s dominance. The main protagonist in this decade’s story has been Burgundy – to such a large extent that if the top 10 wines had no selection criteria, the list would have been made up entirely by Burgundies. In fact, Domaine de la Romanée Conti, could have contributed their whole stable of wines. In the last few years of the decade, as prices of Burgundy have similarly spiralled out of control reaching new stratospheric heights, attention from buyers has again turned to other regions which produce equally alluring wines but at a fraction of the price (comparatively!) with regions such as Piedmont, the Rhone Valley, and Tuscany – all experiencing increasing demand and rising prices for the most sought after wines.

In order to compile a list of interest, breadth and variety we decided to implement some selection criteria. Firstly, we decided that each of the major investment grade wine regions should be covered in the list – so we have at least one entry from the US, Italy, Champagne, Rhone, Bordeaux and Burgundy. We also decided that each producer could only have one entry to the list. So single entry spots for DRC, Leroy and Rousseau who could have proffered many more to the top 10. We also wanted to choose wines which would have been accessible to buyers in December 2009, and had enough reliable price data throughout the decade, to ensure its performance was consistent and not a complete anomaly resulting from inaccessibility and rarity. We feel this has provided a much more interesting cross-section of wines that have all performed exceptionally well whilst maintaining a level of attainability – so well in fact, for a bit of fun we’ve even compared their performance over the last 10 years against the world’s leading stock market index – the S&P 500. Over that period the ten wines in question have increased in value on average 357% whereas the S&P has had an absolute return of just 186%.

Back at the start of this decade if a savvy wine investor had purchased one bottle of each of the wines in our top 10, they would have made a cool $45,000 profit on just a $12,500 outlay! A great reason to raise a toast to the past decade whilst looking forward, wondering which wines will make the top 10 next time.

Index Period End 2009 End 2019 10 Year Perf %

S&P 500 10 Year $1,115.10 $3,192.52 186%

Top 10 Investment Wines 10 Year $12,527.00 $57,298.00 357%

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. o nvestment Wines Comine

3 Cult Wines | wineinvestment.com Armand Rousseau, 2000

01 Armand Rousseau, Chambertin 2000

“This is gradually developing into a really beautiful Chambertin with its lovely array of spice, earth, underbrush, game and a just about fully mature mix of red and blue pinot fruit aromas. There is excellent richness and that beguiling sense of energy to the medium-bodied flavors that match the fine complexity of the nose before terminating in a lingering and velvety finish that displays perfect balance. For my taste this is close to being fully ready but I would still suggest holding this beauty for another 5 to 7 years first though like the ’00 Clos de Bèze, it would not be a flagrant crime against winedom to open a bottle now. Drink 2020+”

Allen Meadows, Burghound.com, October 2015 Score: 94 points

Wine Region: Burgundy, France

Market Price - End 2009: $440.00 per bottle

Market Price - End 2019: $3,683.00 per bottle

10-Year Performance: +737%

Source: Liv-ex data as of 30th November 2019

4 Cult Wines | wineinvestment.com Armand Rousseau, Chambertin 2000

Armand Rousseau, Chambertin 2000

Producer: Armand Rousseau Pere et Fils Classification: Grand Cru Region: Burgundy Country: France Varietal: Production: 8,800 Bottles

With all due respect to Bordeaux, the Burgundy region surely produces the most sought-after wines in the world. The combination of quality, history, & low production when put together make for a wine that is spectacular to drink while also being a lucrative investment. In the past 10 years, Burgundy prices have taken off to stratospheric levels. This would only be possible if the wines of the region consistently performed to an ever-raising standard of expectation. A bottle of Grand Cru Chambertin Burgundy from a respected producer such as Armand Rousseau is thought of in the same vein as a seminal painting from an acclaimed artist.

These wines are truly pieces of art that are created to be appreciated. From the intricate and detailed maintenance of the to the winemaking process. From the unique terroir of the land to the skill and tact of the best winemakers alive. This unique medley of factors coalesces to create wine that words don’t do justice. In this instance, the wine is Chambertin, the producer is Rousseau and it is the #1 wine in the Top 10 Investment Wines of the Decade with an astounding return of 737%.

10 Year Performance

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omine mn ousseu Cmetin

5 Cult Wines | wineinvestment.com Domaine Leroy, Musigny 2001

02 Domaine Leroy, Musigny 2001

“Not illogically, this wine seems to combine the best attributes of the and the RSV, borrowing the barely contained power of the former with the mind-boggling refinement and sheer class of the latter. Stunningly elegant and pure if completely reserved nose of mocha, black raspberry, spice and smoke introduces massive, powerful, stupendously intense flavors that deliver layer upon layer of richly concentrated earthy essence. This is emotionally thrilling juice and transcendent in every respect and the length is almost not believable. What I find so enthralling though is how so much flavor impact and authority can be so effortlessly delivered and without a trace of heaviness. An absolutely compelling wine and it wouldn’t surprise me a bit if my score were to one day found to be conservative.”

Allen Meadows, Burghound.com, January 2003 Score: 97 points

Wine Region: Burgundy, France

Market Price - End 2009: $4,000.00 per bottle

Market Price - End 2019: $26,780.00 per bottle

10-Year Performance: +570%

Source: Liv-ex data as of 30th November 2019

6 Cult Wines | wineinvestment.com Domaine Leroy, Musigny 2001

Domaine Leroy, Musigny 2001

Producer: Domaine Leroy Classification: Grand Cru Region: Burgundy Country: France Varietal: Pinot Noir Production: 600 Bottles

Lalou Bize-Leroy has long been aptly referred to as “the Queen of Burgundy”. A royal title does not get bestowed upon someone easily, certainly not in wine. Domaine Leroy is the name , one of the most revered in all of the world, but in reality, the magic and mastery centres around the energetic Lalou Bize-Leroy. Her career began in the 1950’s and it has seen her become the co-manager of Domaine de la Romanee-Conti, found three of her own wine producers (Domaine Leroy, Maison Leroy & Domaine d’Auvenay) and most crucially become the guiding light for Grand Cru level Burgundy and perhaps winemaking full stop. Her singular dedication to quality means she restricts yields to four bunches per vine, implements rigorous quality control to ensure only perfect grapes make it into her wines, uses biodynamic , only replaces vines with her own cuttings and doesn’t employ an oenologist relying only on her own skills and the quality of her fruit.

When you invest in a bottle of Domaine Leroy Musigny, you’re not only investing in one of the finest collectible bottles of wine ever made, you’re investing in a small part of magic from Lalou Bize-Leroy. Production is miniscule and cases distributed in (3x75cl) format to aid market liquidity. In fact there is rarely more than two barrels made in each ! The #2 bottle on the Top 10 Investment Wines of the Decade is 2001 Domaine Leroy Musigny, with a return of a staggering 570%.

10 Year Performance

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omine eo usin

7 Cult Wines | wineinvestment.com Petit Mouton 2001

03 Petit Mouton 2001

“The estate’s second wine, the 2001 Le Petit Mouton, is an atypical blend of 87% and the rest and . It could easily be mistaken for a cuvee given its light to medium body and herbal/vegetal, sweet cranberry and currant-scented bouquet. The charming aromatics are followed by meager flavors and a tannic component. Drink it over the next 5-6 years.”

Robert Parker, Wine Advocate (153), June 2004 Score: 84 points

Wine Region: Bordeaux, France

Market Price - End 2009: $57.00 per bottle

Market Price - End 2019: $314.00 per bottle

10-Year Performance: +448%

Source: Liv-ex data as of 30th November 2019

8 Cult Wines | wineinvestment.com Petit Mouton 2001

Petit Mouton 2001

Producer: Chateau Mouton Rothschild Region: Pauillac, Bordeaux Country: France Varietal: Bordeaux Blend (Cabernet Sauvignon, Merlot, Cabernet Franc, Petit Verdot) Production: 66,000 Bottles

First Growth Bordeaux is the most collected fine wine in the world. This is what happens when an area has been producing exceptional wine for hundreds of years. With a vast history and global brand recognition that dates back centuries, Chateau Mouton Rothschild is a name surely all wine drinkers recognize throughout the world. What happens when an exceptional winery decides it wants to make a wine that is also price accessible? Le Petit Mouton de Mouton Rothschild is the second wine of Château Mouton Rothschild, produced by the same winemakers at a fraction of the cost of the grand vin. Made with grapes from selected younger vines in the illustrious , it is harvested, vinified and bottled with the same scrupulous attention to detail.

This wine would be classified as a value investment first and foremost, the ability to access to the quality and branding of Chateau Mouton Rothschild at a fraction of the price is an investment worth exploring. This wine has proven a huge success for Cult Wines and a gateway to further second wine strategies. It is no surprise to see that this is the #3 bottle in the Top 10 Investment Wines of the Decade and has rewarded its investors with a return 448%.

10 Year Performance

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etit outon e otscil

9 Cult Wines | wineinvestment.com Domaine de la Romanee-Conti, Romanee-Conti 2004

04 Domaine de la Romanee-Conti, Romanee-Conti 2004

“A supremely beautiful if very reserved nose with a stunning mélange of spice notes, floral notes, particularly violets, red and black berry fruit aromas plus nuances of earth, game and smoke combine to perfectly complement the equally reserved, pure and unbelievably precise and pure medium full flavors underpinned by sophisticated tannins and huge length. One of the aspects that I most admire about a great RC is that while other wines have class, Romanée-Conti defines the term. The other aspect that I find to be perhaps the most remarkable of all is the wine’s ability to aggregate attributes unlike any other. Like the ‘04 La Tâche, this isn’t the greatest vintage of Romanée-Conti I have ever tasted but it is one of the very finest in terms of the delicacy and harmony of expression.”

Allen Meadows, Burghound.com (25), January 2007 Score: 94 points

Wine Region: Burgundy, France

Market Price - End 2009: $5,200.00 per bottle

Market Price - End 2019: $18,417.00 per bottle

10-Year Performance: +254%

Source: Liv-ex data as of 30th November 2019

10 Cult Wines | wineinvestment.com Domaine de la Romanee-Conti, Romanee-Conti 2004

Domaine de la Romanee-Conti, Romanee-Conti 2004

Producer: Domaine de la Romanee-Conti Region: Burgundy Country: France Varietal: Pinot Noir Production: 5,400 Bottles

Simply put, Domaine de la Romanee-Conti is without a doubt the most famous Domaine in Burgundy and one of the most famous producers on Earth. Known simply as DRC, the history of this winery can be traced back centuries. DRC is unique in that the entire stable of wines (9 in total) are Grand Cru, the most exclusive & expensive label is its namesake, Romanee Conti. Jancis Robinson has awarded the Domaine perfect scores four times, Wine Advocate has also awarded perfect 100 points four times, Vinous once, Burghound once, the list goes on. In short DRC is considered by many to be the absolute pinnacle of red Burgundy. “Its wines are notable for their richness and longevity” according to Jasper Morris MW.

This winery is renowned for a rich history and long-lasting quality. It is the absolute epitome of investable wine from the Burgundy region, revered by critics and collectors worldwide. DRC Romanee-Conti has rewarded the lucky few who own these bottles with a return of 254% and is the #4 wine in the Top 10 Investment Wines of the Decade.

10 Year Performance

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C omnee Conti

11 Cult Wines | wineinvestment.com Rayas, Chateauneuf-du-Pape 2005

05 Rayas, Chateauneuf-du-Pape 2005

“Tasted at Mark’s Duck House - a beautiful wine with the classic Rayas kirsch notes in abundance. Medium to full-bodied, with fabulous density,and a much darker color than most of Rayas tend to possess, it still has a youthful, adolescent personality and hasn’t hit its peak. It should be one of the longest-lived Rasyas in the last 30-40 years.”

Robert Parker, Hedonists Gazette, December 2009 Score: 97+ points

Wine Region: Rhône, France

Market Price - End 2009: $320.00 per bottle

Market Price - End 2019: $964.00 per bottle

10-Year Performance: +201%

Source: Liv-ex data as of 30th November 2019

12 Cult Wines | wineinvestment.com Rayas, Chateauneuf-du-Pape 2005

Rayas, Chateauneuf-du-Pape 2005

Producer: Chateau Rayas Region: Chateauneuf-du-Pape Country: France Varietal: Production: 13,000 Bottles

Certain producers represent the high-water mark for their region, these labels are the target that every winemaker compares itself to. Chateau Rayas is the pinnacle of Chateauneuf-du-pape, it stands alone for all to revere. Rayas is blessed with a unique micro-climate, due to a soil that is mostly sand and the large pine and trees found in their vineyards. The sandy terroir is naturally cool, because of the large amount of clay in the soils which also helps retain moisture, giving the terroir a lot of humidity, that aids in keeping temperature cool for the region. Utilizing these unique advantages has only be done by the Reynaud family, they began working the property in 1880.

When all of these factors are blended together the world gets a wine that has been described as hauntingly beautiful in character. With a miniscule annual production coupled with such a unique micro-climate it is no wonder Chateau Rayas 2005 comes in at #5 on the Top 10 Investment Wines of the Decade with a return of 201%

10 Year Performance

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Cteu s Cteuneuue

13 Cult Wines | wineinvestment.com Angelus 2008

06 Angelus 2008

“A strong effort in this under-appreciated vintage that sold for a song, the 2008 Angelus is still young and vibrant, with a dense purple color and a sweet kiss of chocolate-infused blackberries and blackcurrants. There are some floral notes, as well as forest floor and lead pencil nuances. Medium to full-bodied with ripe tannin and outstanding equilibrium and purity, this is another beauty from a much more challenging vintage. Drink now through 2030.”

Robert Parker, RobertParker.com (220), August 2015 Score: 93 points

Wine Region: Bordeaux, France

Market Price - End 2009: $99.00 per bottle

Market Price - End 2019: $293.00 per bottle

10-Year Performance: +196%

Source: Liv-ex data as of 30th November 2019

14 Cult Wines | wineinvestment.com Angelus 2008

Angelus 2008

Producer: Chateau Angelus Classification: Grand Cru Region: Saint-Emilion, Bordeaux Country: France Varietal: Bordeaux Blend (Merlot, Cabernet Franc) Production: 72,000 Bottles

On the right bank of the Bordeaux region lies Saint-Emilion, this region is known for producing stunning wines based around the Merlot & Cabernet Franc grapes. While the noisy neighbours of the Left Bank with their famous 1855 Classification of 1st growth producers quote history to promote their quality, those in Saint-Emilion prefer to make their earn their status. Every 10 years Saint-Emilion allows wineries to apply for promotion to Premier Grand Cru Classe A status. In 1955 there were only two Grand Cru Classe A producers, then everything changed in 2012 when Chateau Angelus & Chateau Pavie earned an upgrade to this respected classification. Almost all vintages have moved considerably since then and elevated them both to new peaks. What puts Chateau Angelus 2008 in the Top 10 Investment Wines of the Decade? Determination and dedication to ever improving their spectacular wine.

Chateau Angelus committed itself to producing the best possible wine they could, their hard work was rewarded with the highest classification possible, investors reward was a return of 196% and the #6 wine on the Top 10 Investment Wines of the Decade.

10 Year Performance

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Cteu nelus

15 Cult Wines | wineinvestment.com Coche Dury, Corton Charlemagne 2005

07 Coche Dury, Corton Charlemagne 2005

“The 2005 Corton-Charlemagne Grand Cru was difficult to evaluate and appears to be entering a transitional state between youth and maturity. On the nose, appealing aromas of preserved citrus, chamomile and toasted sesame mingle with notes of brioche, nutmeg and struck match. On the palate, the wine is full-bodied, ample and concentrated, with chewy extract and considerable depth, but it is seemingly missing some of the energy and tension that I have previously found in this domaine’s 2005s. While aging contemporary white Burgundy is admittedly the preserve of optimists, I’d be inclined to forget this for a few years and hope that its glories reemerge, because when this Corton- Charlemagne is showing all its cards, it’s close to perfection.”

William Kelley, Wine Advocate (236), April 2018 Score: 95 points

Wine Region: Burgundy, France

Market Price - End 2009: $1,733.00 per bottle

Market Price - End 2019: $4,983.00 per bottle

10-Year Performance: +188%

Source: Liv-ex data as of 30th November 2019

16 Cult Wines | wineinvestment.com Coche Dury, Corton Charlemagne 2005

Coche Dury, Corton Charlemagne 2005

Producer: Domaine Coche-Dury Classification: Grand Cru Region: Burgundy Country: France Varietal: Production: 1,500 Bottles

There are very few bottles of wine that put a smile on faces and inspire giggles from grown adults, White Burgundy inspires these reactions almost uncontrollably. Domaine Coche-Dury is widely regarded as one of the five or six best white-wine makers in Burgundy. When your competition is the most revered wine making region in the world and you’re consistently considered in the top 1%, you’re doing something right. Corton-Charlemagne is named for the Holy Roman Emperor Charlemagne. He once owned the hill where the vineyards are now located. Vineyards here have existed for some 1500 years. Burgundy is often light-heartedly referred to as a fine wine “Holy Land” and collectors across the world make a pilgrimage to show their respect.

When a wine can inspire uncontrollable emotional reactions and inspire people to travel the world, surely it is something to be invested in. 2005 Coche-Dury Corton Charlemagne is #7 on the Top 10 Investment Wines of the Decade with a return of 188%.

10 Year Performance

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omine Coce u Coton Clemne

17 Cult Wines | wineinvestment.com Bruno Giacosa, Barolo Vigna Rocche Riserva (Red Label) 2001

08 Bruno Giacosa, Barolo Vigna Rocche Riserva (Red Label) 2001

“This reminds me of the perfect 2000. Aromas of blackberries, violets, smoke and sliced plums. Subtle, classic beauty for the nose. Full-bodied yet tight and refined. It starts off very slowly, but the finish comes after one minute of tasting. Spellbinding wine. So savory and salty. Extraordinary. 7,000 bottles.”

James Suckling, JamesSuckling.com, January 2017 Score: 100 points

Wine Region: Piedmont, Italy

Market Price - End 2009: $271.00 per bottle

Market Price - End 2019: $780.00 per bottle

10-Year Performance: +187%

Source: Liv-ex data as of 30th November 2019

18 Cult Wines | wineinvestment.com Bruno Giacosa, Barolo Vigna Rocche Riserva (Red Label) 2001

Bruno Giacosa, Barolo Vigna Rocche Riserva (Red Label) 2001

Producer: Bruno Giacosa Region: Piedmont Country: Italy Varietal: Nebbiolo Production: 15,000 Bottles

Barolo is affectionately known as “The king of wines, wine of kings” many producers are revered in the Piedmont Hills, none more so than Bruno Giacosa. He was known as “The Genius of Neive”, sadly Bruno passed away in January 2018. His sought-after Barolo Vigna Rocche Riserva is thought to be equal to any made in the world. Bruno only made the Red Label Barolo in vintages he deemed worthy, which means the accessibility of these wines is extremely difficult. 2001 as a vintage in Piedmont is highly regarded, these wines have begun to enter their drinking window which increases their value immensely.

In the past 10 years Piedmont as a region has gone from a hidden gem to a sparkling diamond. Consistency and quality across the region has raised the profile of Barolo for collectors worldwide. The rarity of truly special vintages inthe Piedmont hills has only made certain years more sought-after. When you couple a label as highly regarded as Bruno Giacosa Barolo Vigna Rocche Risera, with a respected vintage such as 2001 you get extreme performance to the tune of 187% and the #8 wine on the top 10 investment wines of the decade.

10 Year Performance

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uno icos olo in occe isev

19 Cult Wines | wineinvestment.com Salon, Le Mesnil 1996

09 Salon, Le Mesnil 1996

“The 1996 Salon is just dazzling. It needs a good bit of air to fully open up, but the 1996 Salon is simply a mesmerizing Champagne that sizzles with energy, cut and total precision. A second bottle later in the week was every bit as compelling. When the 1996 Salon is on, it is just about as great as Champagne gets. Drink between 2017-2037.”

Antonio Galloni, Vinous Table (vinous.com), March 2018 Score: 99 points

Wine Region: Champagne, France

Market Price - End 2009: $307.00 per bottle

Market Price - End 2019: $823.00 per bottle

10-Year Performance: +168%

Source: Liv-ex data as of 30th November 2019

20 Cult Wines | wineinvestment.com Salon, Le Mesnil 1996

Salon, Le Mesnil 1996

Producer: Salon Classification: Grand Cru Region: Champagne Country: France Varietal: Chardonnay Production: 60,000 Bottles

Champagne is often regarded as a celebratory drink to mark special occasions, very rarely do people sit back and consider Champagne a serious wine. There are a few producers that force you to recognize the quality of their offering, Salon is one of these producers. Salon only produces their Champagne in exceptional years. (there were only 37 releases in the entirety of the 20th century) Unlike many of the other Champagne houses, Salon exclusively releases one label per vintage. The consistency of quality per release and the exclusivity of vintages released makes Salon extremely rare and incredibly attractive.

Champagne as a region experiences extremely difficult weather, thus marking exceptional vintages as must own. 1996 is one of 3 vintages currently released within the past 30 years that is universally regarded for quality (2002, 1996, 1990). 1996 Salon Le Mesnil is the perfect storm of vintage, producer & quality. This wine comes in #9 on the top 10 investment wines of the decade with a return of 168%. Truly something to be celebrated!

10 Year Performance

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lon e esnil

21 Cult Wines | wineinvestment.com Dominus 2002

10 Dominus 2002

“This 2002 was virtually perfect when I tasted it in early May. Even better than I predicted seven years ago, this 4,500-case blend of 85% Cabernet Sauvignon, 8% Cabernet Franc and the rest Petit Verdot and Merlot has blossomed beautifully, revealing even greater intensity and potential than I predicted. A flawless, seamless integration of tannin, wood, alcohol and acidity is found in this dense, plum/purple-colored Dominus, along with copious notes of sweet black currants interwoven with kirsch, forest floor, unsmoked cigar tobacco, new saddle leather and forest floor. Full-bodied with velvety tannins, stunning elegance and a 45-second finish, this sensational 2002 rivals two of the all-time great wines made at Dominus, 1991 and 1994. It is hard to believe that proprietor Christian Moueix’s Dominus Estate has already celebrated its 25th anniversary and is moving toward 30 years with the 2012-2013 vintages. The 2002 will drink well for another 20 years.”

Robert Parker, Wine Advocate (201), June 2012 Score: 99 points

Wine Region: Napa Valley, USA

Market Price - End 2009: $100.00 per bottle

Market Price - End 2019: $260.00 per bottle

10-Year Performance: +160%

Source: Liv-ex data as of 30th November 2019

22 Cult Wines | wineinvestment.com Dominus 2002

Dominus 2002

Producer: Dominus Region: Napa Valley Country: United States Varietal: Bordeaux Blend (Cabernet Sauvignon, Cabernet Franc, Petit Verdot, Merlot) Production: 60,000 Bottles

What happens when you put a historic California vineyard in the hands of a revered maker? You get Dominus. Owned by Christian Moueix – of Bordeaux estates Petrus and Trotanoy – this estate benefits from having not only extremely experienced winemakers but also established brand recognition.

California Cabernet blends have always felt like the little brother to Bordeaux, fighting for respect and recognition. Certain producers from California have begun to be viewed as truly equals on a worldwide scale, Dominus is on this list. Quality is the key word in California, there consistent climate has always allowed for quantity of production. This wine was made with the restraint of Bordeaux mixed with the spirit of California, wine critic Robert Parker is a long-term admirer of the estate and gave this wine 99 points. 2002 Dominus is #10 on our top 10 Investment Wines of the Decade with a return of 160% fuelled by quality and high scores.

10 Year Performance

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ominus

23 Cult Wines | wineinvestment.com Top 10 Investment Wines - Quick View

Top 10 Investment Wines - Quick View

Per Bottle - Per Bottle - 10 Year Rank Wine & Vintage Region End 2009 End 2019 Perf %

1 Armand Rousseau, Chambertin 2000 Burgundy $440.00 $3,683.00 737%

2 Domaine Leroy, Musigny 2001 Burgundy $4,000.00 $26,780.00 570%

3 Petit Mouton 2001 Bordeaux $57.00 $314.00 448%

4 DRC, Romanee-Conti 2004 Burgundy $5,200.00 $18,417.00 254%

5 Rayas, Chateauneuf-du-Pape 2005 Rhone $320.00 $964.00 201%

6 Angelus 2008 Bordeaux $99.00 $293.00 196%

7 Coche Dury, Corton Charlemagne 2005 Burgundy $1,733.00 $4,983.00 188%

8 Bruno Giacosa, Barolo Vigna Rocche Riserva 2001 Italy $271.00 $780.00 187%

9 Salon, Le Mesnil 1996 Champagne $307.00 $823.00 168%

10 Dominus 2002 USA $100.00 $260.00 160%

Total $12,527.00 $57,298.00 357%

*only wines chosen which had reliable price data over the 10 year period **only easily accessible wines included (I.e. older rarer wines ignored) ***only one wine per producer included (i.e. no multiple entries for Leroy, DRC or Rousseau) ****at least one wine included from each major investment grade region: Bordeaux, Burgundy, Rhone, Champagne, Italy and US. *****12 bottle case prices were used for calculations before rounding down to per bottle price. Loose bottle prices ignored for this purpose.

24 Cult Wines | wineinvestment.com

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