FINE WINE PRICE INDICES
MARCH 2026 report
Date : March 15, 2026
Technical rebound against a bearish backdrop
February 2026 sends a slightly positive short-term signal: all Bordeaux indices are up between +0.4% (WD Bordeaux 90) and +0.8% (WD Bordeaux 1CC). In Burgundy, Grands Crus and 1ers crus rebounded by +1.2% and +0.7%. This is encouraging after a prolonged correction phase, but not yet enough to call a trend reversal.
Among Bordeaux vintages, 2016 and 2015 show the most limited declines over 1 year (−3.2% and −3.4%), with an annualised PRC progression still in positive territory (+2.5% and +3.5%), suggesting their valuations remain close to their adjusted release prices. In contrast, 2021 and 2020 are experiencing the steepest corrections (−8.0% and −7.5% over 1 year), with a negative PRC progression for 2021 (−2.4%), a sign that the secondary market has fallen below the en primeur price.
Key takeaway
The market is in a phase of normalisation or stabilisation following the price surge in 2021 and 2022 and the decline from 2023 to 2025, amplified by rising interest rates, a slowdown in the Asian market, and pressure on private buyers' purchasing power. The February rebound is a signal worth watching, but several consecutive months of gains would be needed to confirm a floor.
Discover a summary of available B2B offers by region and vintage HERE.
Bordeaux
| Bordeaux market indices | Previous month |
Current Value (€M) |
Max (M€) | 1 month |
YTD | 1 year | 3 years (per yr) |
5 years (per yr) |
10 years (per yr) |
|
| WD Bordeaux 90 | 918 | 922 | 1101 | 0.4% | 0.2% | -5.2% | -4.5% | -0.2% | 1.0% | |
|---|---|---|---|---|---|---|---|---|---|---|
| WD Bordeaux 1CC (10 wines) | 637 | 642 | 837 | 0.8% | 0.9% | -5.4% | -7.4% | -0.3% | 0.4% | |
| WD Bordeaux 100 | 1555 | 1564 | 1938 | 0.6% | 0.5% | -5.3% | -5.7% | -0.3% | 0.8% | |
| GBP/EUR | 1.1488 | 1.1557 | 1.46 | 0.6% | 0.3% | -4.5% | 0.6% | 0.1% | -0.9% | |
|
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| WD Bordeaux 100* price indices per vintage | Previous month |
Current Value (€M) |
Max (M€) | 1 month |
YTD | 1 year | 3 years (per yr) |
5 years (per yr) |
Primeurs** (per yr) |
Offers (k€) |
| 2003 | 1797 | 1809 | 2189 | 0.7% | 0.2% | -6.8% | -5.3% | 0.0% | 5.0% | 7688 |
| 2004 | 1538 | 1536 | 1833 | -0.1% | -0.5% | -6.6% | -5.3% | 0.1% | 5.7% | 4464 |
| 2005 | 2290 | 2299 | 2704 | 0.4% | 0.3% | -5.3% | -4.3% | 0.9% | 3.7% | 14167 |
| 2006 | 1574 | 1596 | 1925 | 1.4% | 0.2% | -8.0% | -5.5% | -0.1% | 3.0% | 9987 |
| 2007 | 1449 | 1495 | 1756 | 3.2% | 1.2% | -4.2% | -4.7% | 0.3% | 3.4% | 5720 |
| 2008 | 1589 | 1614 | 1918 | 1.6% | 1.1% | -5.0% | -5.3% | -0.1% | 5.4% | 6853 |
| 2009 | 2287 | 2323 | 2763 | 1.6% | 1.2% | -5.1% | -4.5% | 0.4% | 2.4% | 18788 |
| 2010 | 2226 | 2235 | 2668 | 0.4% | 0.4% | -4.8% | -4.8% | 0.3% | 1.2% | 25293 |
| 2011 | 1440 | 1446 | 1713 | 0.4% | -0.3% | -6.2% | -5.1% | 0.3% | 1.9% | 18392 |
| 2012 | 1478 | 1467 | 1734 | -0.7% | 0.3% | -7.0% | -5.2% | 0.6% | 3.8% | 16692 |
| 2013 | 1311 | 1302 | 1582 | -0.7% | -0.9% | -8.3% | -5.5% | -0.1% | 3.6% | 10237 |
| 2014 | 1422 | 1428 | 1699 | 0.4% | -0.3% | -6.4% | -5.3% | 0.6% | 3.7% | 23191 |
| 2015 | 1853 | 1859 | 2169 | 0.3% | 1.5% | -3.4% | -4.5% | 0.4% | 3.5% | 22812 |
| 2016 | 1885 | 1907 | 2203 | 1.2% | 1.1% | -3.2% | -4.5% | 0.9% | 2.5% | 32433 |
| 2017 | 1367 | 1367 | 1653 | 0.0% | -0.3% | -6.9% | -5.9% | -0.5% | 0.5% | 26266 |
| 2018 | 1590 | 1603 | 2098 | 0.8% | 1.2% | -7.8% | -7.8% | -1.9% | 0.8% | 40528 |
| 2019 | 1495 | 1520 | 2093 | 1.7% | 0.8% | -6.5% | -9.2% | 3.5% | 37596 | |
| 2020 | 1527 | 1546 | 2050 | 1.2% | 1.2% | -7.5% | -8.5% | 0.6% | 48894 | |
| 2021 | 1328 | 1330 | 1808 | 0.2% | -0.4% | -8.0% | -2.4% | 44315 | ||
| 2022 | 1846 | 1829 | 2173 | -0.9% | -0.5% | -5.0% | 1.4% | 47131 | ||
| 2003-2022 Bordeaux price index*** | 1697 | 1709 | 2080 | 0.7% | 0.6% | -5.6% | -5.9% | 414316 | ||
* 100: Château Latour et Les forts de Latour are not included in our indices per vintage
BURGUNDY, RHONE and CHAMPAGNE |
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| Region / market indices | Previous month (€) |
Current value (€) |
Max value (€) | 1 month |
YTD | 1 year | 3 years (per yr) | 5 years (per yr) | ||
| Burgundy 1er crus (165 wines) | 205.5 | 206.9 | 253.4 | 0.7% | 0.7% | -7.9% | -6.4% | 6.9% | ||
| Burgundy Grands Crus (178 wines) | 357.8 | 362.1 | 394.5 | 1.2% | 1.2% | -6.2% | -2.8% | 8.2% | ||
| Burgundy DRC (12 bt case, 6 wines) | 32377 | 32319 | 46147 | -0.2% | -0.2% | -10.6% | -10.3% | 3.9% | ||
| Burgundy top Grands Crus (24 wines) | 1568 | 1573 | 2142.4 | 0.3% | 0.3% | -11.5% | -8.9% | 5.9% | ||
| Rhône (13 great wines) | 234 | 235.7 | 290.1 | 0.7% | 0.7% | -7.9% | -6.5% | 0.5% | ||
| Champagne NV (37 wines) | 38.9 | 39 | 41.3 | 0.3% | 0.3% | -4.4% | -1.1% | 4.1% | ||
| California (21 wines) | 334 | 332.1 | 445.1 | -0.6% | -0.6% | -16.6% | -8.5% | 1.6% | ||
| Italy (33 wines) | 190.6 | 190.4 | 204.7 | -0.1% | -0.1% | -7.0% | -1.2% | 3.5% | ||
Explanations
WD 90 Bordeaux market index is based on the market price average (in euro) of the top 90 wines of Bordeaux. First growth Bordeaux are not included. The last 14 available vintages of each wine at any given date are included in the index calculation.
WD Bordeaux 1CC market index 1CC index is based on the market price average (in euro) of the 10 first growth (or equivalent) of Bordeaux (Angélus, Ausone, Cheval Blanc, Haut Brion, Lafite Rothschild, Latour, Margaux, Mouton Rothschild, Pavie, Petrus). The last 14 available vintages of each wine at any given date are included in the index calculation.
For example, the WD Burgundy 1er Cru index represents the evolution of the average value of 165 Burgundy crus.
The last 14 available vintages of each wine at any given date are included in the index calculation.
=> The list of wines included in each index