The Winery Zach of Weststeiermark of Steirerland

Traditionally the wine auction market took the summer off. Although the season has lengthened recently, summer is usually a fallow period. This year, speculation was rampant – will the market (and the prices) continue their upward spiral? The first fall sales have now been conducted, and if prospects for the wine market remain strong, a few clouds linger on the horizon. Wine auction results in 2021 broke all previous records and set a new benchmark. With sales in major auctions of over £500m, th ...

The fine wine market goes into autumn 2022 after a particularly strong period of gains, although there has been greater uncertainty about momentum in recent weeks. At Liv-ex, a global marketplace for the trade, the Liv-ex 100 index dipped 0.3% in July 2022 but had risen every month for two years prior to that. UK-based merchant Bordeaux Index recently reported prices on the market up by 10% in the first half of 2022, with Burgundy up 26% on average. Strong activity on the LiveTrade online tradin ...

The largest-ever year for entries, an incredible 18,244 wines were judged at the 2022 Decanter World Wine Awards – with just 163 wines awarded a Platinum medal. ‘Winning a Platinum medal is something really exceptional’ said Decanter World Wine Awards Co-Chair Sarah Jane Evans MW. ‘Platinum is like the stratospheric level’ she commented, ‘so it’s really saying to the winemaker: this is a great wine.’ Making up just 0.87% of the total wines tasted at the 2022 c ...