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NEWS<br />
HOSPICES DE BEAUNE 2023: MARGINAL DECREASE ON 2022<br />
Despite a challenging environment, the Hospices de Beaune wine auction posted the second best results ever, reaching 23 million<br />
euros on Sunday 19 November 2023. The figure was just marginally down on the incredible achievement of 2022,<br />
though the average cask price remained above €30,000.<br />
Whilst the decrease (approximately 20%) was fairly significant<br />
per se, it actually hides the bigger picture. The 2022 sale,<br />
which totalled 29 million euros, smashed all previous records and<br />
equalling it this year was therefore a pretty tall order, particularly<br />
because the volume of wine up for auction was lower, with 753<br />
casks auctioned versus 817 in 2022. The average cask price plummeted<br />
this year to €30,500 compared with €35,500 last year. What<br />
the 2023 auction did show was a more balanced phase between<br />
supply and demand for Burgundy wine. Following a second generous<br />
crop, the time seems to have come for supply pressures to<br />
subside, and perhaps prices to drop.<br />
LESS DEMAND FOR THE PRESIDENTS’ CASK<br />
The highly popular presidents’ cask – whose proceeds are donated<br />
to charity, unlike the other casks whose profits are donated to the<br />
hospital in Beaune – was bought for €350,000 by Olivier Poelaert,<br />
the owner of Château de Couches and the Mazenay winery in the<br />
low-profile Côtes du Couchois area. The amount paid was significantly<br />
less than the record €810,000 reached last year by the<br />
charity cask, a price that will likely be hard to beat<br />
– the wine was a blend of Corton paying homage to<br />
Burgundy negociant Louis- Fabrice Latour.<br />
https://domaine.hospices-de-beaune.com/<br />
© Titouan Rimbault<br />
2023 BURGUNDY: ALL-SET FOR BOTH GOOD VOLUME AND QUALITY<br />
Burgundy had not experienced two consecutive years of above-average volumes for a few years.<br />
Coming on the back of the 2022 harvest, the 2023 crop has undeniably lifted spirits of winegrowers and negociants alike –<br />
wineries are once again (almost) full, and in both instances, the wine is good quality.<br />
This is the positive flipside of the vintage. Despite the unstable<br />
weather conditions over the summer, the final outcome is<br />
impressive. The Chardonnay, Aligoté and Sauvignon fruit ripened<br />
fully in perfect health, yet stayed fresh enough to live up to the<br />
reputation of white Burgundy. And once again, Pinot noir has<br />
proven to be the king of grapes in the region. After thorough<br />
sorting in many cases, made all the easier by the higher yields,<br />
stellar juice entered the tanks, showing substantial aromatics.<br />
Consequently, the wines are expressive and fruity with excellent<br />
aromatic profiles, both for the whites and the reds. The vintage<br />
offers something for everyone such is the variety of styles promoted<br />
by the choice of harvest dates. The thought of<br />
exploring the 2023 vintage is already something<br />
to look forward to!<br />
https://www.vins-bourgogne.fr/<br />
AN AMAZING 2023 CROP, WHICH WAS BOTH HEALTHY AND ABUNDANT<br />
8 WINTER 2023 • GILBERT & GAILLARD - THE <strong>FR</strong>ENCH EXPERTS ON WINE