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There is a wide range of wine available, from bottles for everyday use to bottles that are worth tens of thousands of yen each.
In particular, wines from Burgundy, France, tend to be expensive and are treated as something completely different from everyday wines.
Among Burgundy wines, Romanée-Conti is considered to be the finest . It is the world's top wine, recognized for its high quality, rarity, and asset value, and old vintages are often in the news for being sold at high prices at auctions.
Here we will introduce the highest price for Romanée-Conti. If you want to know why it is so expensive and what is the appeal of Romanée-Conti, please refer to this article.
The highest price for a Romanée-Conti is over 1 billion yen!?
1945 Romanée-Conti goes for 1 billion yen
1945 Jeroboam's Romanée-Conti 1 billion...
— Shota @ Cat and Cura 🐈 (@Fukuota_sh_neko) December 10, 2023
I wonder what such expensive wine tastes like?
Well, it doesn't really matter to me since I only drink alcohol 2 or 3 times a year, haha.
The most expensive Romanée-Conti was a Jeroboam bottle from the 1945 vintage , which cost about 1 billion yen.
The year 1945 was a historic poor harvest, with an extremely small amount of wine produced. Normally, around 6,000 bottles of Romanée-Conti are produced in a year, but this year only around 600 bottles were produced.
Among them, Jeroboam bottles are extremely rare. Jeroboam bottles are 3L bottles , which is four times the size of a regular wine bottle.
Naturally, the number produced is smaller than that of regular bottles, and it is said that only a few Jeroboam bottles were made for the 1945 vintage Romanée-Conti .
Rumor has it that there is only one Jeroboam bottle of the 1945 vintage left in existence, and it is considered to be more valuable than just wine. This caused the price to skyrocket, and it was sold at auction for over 1 billion yen.
In addition, a total of 1,366 bottles of Romanée-Conti were sold for approximately 1.1 billion yen at a Hong Kong auction in 2010 .
It can be said that the idea that expensive wine = Romanée-Conti is now common knowledge around the world.
How much does Romanée-Conti cost? What is the average price?
The price of Romanée-Conti is high on average for any vintage. The 1945 vintage was special, but other vintages are also priced at around 2 to 5 million yen per bottle .
In recent years, the price of wine has been rising due to the effects of rising logistics costs and inflation. The average price of Romanée-Conti, which used to be available for around 1 million yen, now exceeds 2 million yen.
Older vintages are especially difficult to find, so prices tend to be high. It is not uncommon for a single bottle of Romanée-Conti from several years to several decades ago to exceed 5 million yen.
Why is Romanée-Conti so expensive?
DRC's top brand
Romanée-Conti has been the world's leading wine brand for decades now. Its overwhelming brand power is directly linked to the price of the wine.
The company that produces Romanée-Conti is Domaine de la Romanée-Conti (DRC), which is based in the village of Vosne-Romanée. By the way, DRC produces not only Romanée-Conti, but also high-end wines such as La Tache and Montrachet, and is a top wine maker.
DRC owns several Grand Cru vineyards and produces a variety of wines. Among those Grand Cru vineyards, the most valuable is Romanée-Conti.
Furthermore, the only company that owns the Romanée-Conti vineyards is DRC, making it a so-called monopoly (solely owned vineyard) . The fact that there are no other producers and that it is a "unique" existence is also one of the factors that increases the value of Romanée-Conti.
Grand Cru grapes are used
As explained earlier, Romanée-Conti is a Grand Cru (premier vineyard) . Even in Burgundy, France, a famous wine-producing region, only about 1.5% of the vineyards are designated as Grand Cru.
Burgundy wines have a clear classification system. Grand Cru is the highest of the four classifications, and only wines that meet the strict standards set by the Appellation of Origin system can be called "Romanée-Conti".
Romanée-Conti is a red wine made from excellent Grand Cru Pinot Noir . Its taste is said to be seductive and sensual, with a complex, long finish and a highly refined finish.
Low production volume and high rarity
The Romanée-Conti vineyard is only about 1.8 hectares in size, so the number of bottles produced is extremely small, making it a rare wine.
Not only is the area of the vineyard small, but yield limits are also imposed to maintain the quality of the grapes, which is why the number of grapes produced is so low. The small number of grapes also means that the price tends to be high .
As explained earlier, the annual production of Romanée-Conti is about 6,000 bottles. Of course, there are years when 6,000 bottles are not produced, and only a very small amount is distributed to the market.
Vintage wine cannot be made the same every year. The taste changes every year depending on the quality of the grapes that year.
For this reason , popular vintages tend to become particularly premium and their prices tend to skyrocket .
Characteristics of Romanée-Conti that tend to be expensive
Made from grapes from a good year
Among Romanée-Conti, wines from "good years" tend to be especially expensive. A good year is a year when the weather and temperature were favorable and high-quality grapes were grown, and it is sometimes called a great vintage.
The 1945 vintage, when Romanée-Conti was priced at its highest, was a poor harvest with few grapes, but it still produced a high-quality wine with excellent flavor.
Other good years for Romanée-Conti include 1962, 1969, 1971, 1976, 1978, 1985, 1990, 1999, 2005, 2009, 2010, 2015, 2016, 2019 and 2020 .
These vintage pieces are particularly expensive, easily exceeding 3 million yen.
Excellent years have been recognized in overseas wine magazines such as Wine Advocate and Wine Spectator .
In particular, the "Parker Points" given by American wine critic Robert Parker Jr. in the Wine Advocate magazine are one of the major factors that determine the price of wine.
A list of the best years for wine. Latest Bordeaux, Burgundy, etc. vintage chartsHas the potential to withstand long-term aging
One characteristic of Romanée-Conti, which tends to be expensive, is that it has the potential to withstand long-term aging .
It is said that high-quality Burgundy wines can be aged for decades, and as they age, they become more mellow and complex, giving the impression of blooming. They have a special charm that can only be enjoyed in wines that have been aged.
Romanée-Conti is also a wine that is suitable for long-term aging, and even normal Romanée-Conti is said to have an aging period of 20 to 40 years. When it is a good vintage wine, some have the potential to withstand aging for more than 50 years .
Wines that are aged for a long time, and will reach their drinking age decades from now, tend to become very difficult to obtain by the time they reach their drinking age, and so prices tend to soar. Vintages that are known as good years are considered to be particularly suitable for long-term aging.
It is a low production vintage.
Vintages with low production volumes also tend to be more expensive. There are years with low production volumes, such as 1945.
In 1945, the grape harvest was drastically reduced due to the frost that occurred in the early spring. Also, due to the post-war chaos that had affected the production, it is believed that production was unstable at that time.
In recent years, the 2003 vintage of Romanée-Conti has also become scarce and valuable due to its low production volume . 2003 was a year in which many people died due to the extreme heat, and as a result, the number of Romanée-Conti bottles was 3,575, a significant decrease from the average.
The 2003 Romanée-Conti is traded at around 5 million yen, and it is likely that this price will rise further as time goes on.
Special bottles such as magnum size
Romanée-Conti also comes in special bottles such as magnum and jeroboam sizes. The price of special size bottles tends to rise.
A standard Romanée-Conti bottle is 750ml, but a magnum bottle is 1,500ml and a jeroboam bottle is 3,000ml. In terms of volume, they are twice and four times as much, but the actual price is higher .
Magnum and jeroboam sized wines are not just larger in volume . Larger bottles have the advantage that the surface area of the wine that comes into direct contact with oxygen is smaller, making oxidation less likely to occur and allowing the wine to mature more slowly .
In addition, it is less affected by the outside temperature than a regular bottle, and is said to be easier to maintain in good condition than a small bottle.
For these reasons, magnum and jeroboam sized wines are still delicious even in older vintages, and are therefore highly valued. Their rarity also means that their prices tend to rise, and a single bottle can be worth tens or hundreds of millions of yen.
Are there any cheap bottles of Romanée-Conti?
Romanée-Conti has a wide range of prices, so there are some cheaper bottles available. However, they are still at least 1 million yen per bottle , so even though they are cheap, they are not as cheap as everyday wines.
The cheaper Romanée-Conti are those from years when the harvest is not so good. Romanée-Conti from years when the harvest is not good tends to be early-ripening and therefore cheaper .
However, even if the harvest is not good, this is only in comparison to good years. After all, Romanée-Conti is the world's top quality wine, so just because it is not a good year does not mean that the wine is poor.
Compared to other wines, its price and quality are overwhelmingly high, and it is very popular.
Some of the cheaper Romanée-Conti are lowered in price due to defective labels or scratches on the bottle. Romanée-Conti that only has scratches on the outside is a good target for those who want to drink cheaply.
However, be careful when buying wines that are priced significantly lower than the market price, as they may be of poor quality or fake. When buying Romanée-Conti, check not only the price but also the condition of the bottle, and try to buy from a reliable shop.
Prices of Romanee-Conti | From the cheapest to the most expensiveIf you don't drink Romanée-Conti, we recommend a liquor purchase appraisal.
As we have seen, Romanée-Conti is the most expensive red wine in the world. It is currently priced high on average for all vintages, not just those from good years.
Such Romanée-Conti is also subject to high appraisals in the liquor purchase market . If you have extra Romanée-Conti at home, or if you have some Romanée-Conti that you don't drink after sorting out your collection, please consider using our advantageous liquor purchase appraisal service.
At Linkusus, we accept appraisals of high-value wines, including Roman Conti, at any time. Our appraisers, who are knowledgeable about alcohol, will make high appraisals while taking into account good years and market evaluations.
We accept appraisals in-store, on-site, and by mail, so please feel free to contact us. We also accept consultations via LINE and online at any time.
Click here to buy Roman Conti
summary
"Romanée-Conti" is said to be the world's top red wine. DRC produces the finest Burgundy wine, a luxury item with an average price of 2 to 5 million yen.
Among these Romanée-Conti, there are bottles that have been priced at 1 billion yen in the past. It can be said that it is recognized as having a different asset value than regular wine.
Among Romanée-Conti, those from good years or those with small production numbers tend to be expensive. Also, because Romanée-Conti is a wine that can be aged for decades, older bottles tend to be expensive.
It's not something you see often, but if you're a wine lover, it's definitely a brand you should check out. If you have any Romanée-Conti that you don't drink, you can also use their alcohol purchase appraisal service, so be sure to check it out.
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