The wines of a little-known Burgundy vineyard could represent a real investment opportunity in 2012, experts believe.
Corton Bressandes is an estate on the hill of Corton, in the heart of Burgundy’s Cote de Beaune, which has been quietly going about producing its muscular and structured Grand Cru red wine.
However, this is all set to change according to John Lonardo, senior adviser at the international property brokerage firm Sperry Van Ness International and a member of the Burgundy wine-hunting fellowship, the Raiders of the Lost Vine.
He tells Bloomberg that although these Burgundy wines have always been of high quality, they have not reached the levels of global demand enjoyed by some more auspicious neighbours.
Yet one of those neighbours, leading Burgundy producer Domaine de la Romanee-Conti, has now leased some of the Corton Bressandes vineyard in order to produce more of its famous Grand Cru.
As Burgundy is the most terroir-conscious of all the French regions, Romanee-Conti must have confidence in the vineyard.
Mr Lonardo says that the prices of Corton Bressandes will be heavily impacted by the Romanee-Conti link, so now is a good time to invest.
Wine broker Jean-Francois Rateau agrees. He told the news provider: "I expect the price of pre-DRC Bressandes to triple over the next few years. Once it has the DRC label, the sky is the limit."
Raiders of the Lost Vine funder Bjorn von Below adds: "DRC now controls Bressandes and the Chinese have raised the auction price of almost all top-level Burgundies. I suspect they'll soon be travelling to the source, with cash to inflate many of Burgundy's drinking wines into investment vehicles."
Most auctioneers agree that Burgundy wine is the new star of the Hong Kong wine market, with Domaine de la Romanee Conti leading the way in 2012.