Cult Wines sells Domaine Leroy Musigny 2013 at record price

LONDON–(BUSINESS WIRE)–Cult Wines, the world’s leading fine wine investment and collection management company, today announced the sale of the 2013 Domaine Leroy Musigny, an acclaimed rare Burgundy Grand Cru, to a client in Asia. The 3-bottle case fetched a record price of $142,000, or approximately $47,333 per bottle, which is a 123% increase over the current average auction price and higher than any price previously set at auction.

“We are seeing insatiable demand across Asia on the high end of the Burgundy market,” noted Joe Alim, Greater China Director for Cult Wines. “This is especially true for producers like Domaine Leroy and Domaine de la Romanée-Conti, where competition is fierce for the rarest and most prized Grands Crus, which are inherently rare. We expect this demand to continue at a healthy pace and we will continue to see an upward price trend. »

Cult Wines facilitated the sale of the highly regarded wine on behalf of a private collector to a client in Asia. The sale demonstrates the strength of the market and the unwavering demand for the Grands Crus of Burgundy. Cult Wine’s global footprint, with offices in the UK, North America and Asia, enables seamless transaction facilitation for customers and consumers around the world.

“At Cult Wines, we are well positioned to compete in the premium market and meet the global demand for premium, high-demand Burgundies,” said Cult Wines CEO and Co-Founder Tom Gearing. “Over the past two decades, we have cultivated relationships within the region, providing customers with access to highly awarded wines. Our global reach has also enabled us to sell through customers wines at the most advantageous prices.

Burgundy wines are the ultimate representation of the imbalance between supply and demand for fine wines. Among the rarest wines in the world, Domaine Leroy produced only 618 bottles of Musigny in the 2013 vintage. According to Wine-Searcher.com, Domaine Leroy Musigny is the most expensive wine in the world, having increased by 377 % in five years, going from an average price of $5,608 to a current average price of $26,776.

Cult Wines sells wines available for delivery, as well as supply wines for individual collections, whether for immediate enjoyment or a cellar for investment.

To download the images, please follow this link: Vins Cultes Images of Domaine Leroy Musigny 2013.

ABOUT CULT WINES

Cult Wines, the global leader in the investment and management of fine wine collections, is setting a new standard in the industry. The award-winning business, which manages wine collections worth over £170million, makes investing in and collecting fine wines as easy as drinking them. Combining a love of good wine and market-leading industry knowledge with the latest technology, Cult Wines analyzes and opens the market to investors worldwide. Long-time wine collectors and first-time investors have chosen Cult Wines not only for its vast financial expertise, but also for its shared passion for good wine and access to like-minded wine enthusiasts, experts enthusiasts, exclusive tastings and captivating journeys. Based in the UK, Cult Wines was founded in 2007 and has offices in Canada, China, Hong Kong, Singapore and the USA, supporting customers in over 70 countries. For more information, visit http://www.wineinvestment.com/ or find us on LinkedIn, Twitter, Facebook or Instagram.

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