Investment Tips - Burgundy - 24. February 2021

Burgundy Grand Cru At A Rarely Low Price - Mongeard-Mugneret

In the shadow of the great icons, there is still undiscovered investment potential in the great grand crus. These include Echezeaux, Grands Echezeaux, and Clos de Vougeot.

Mongeard-Mugneret is known for its classic Burgundy wines at an outstanding level. The combination of old vines on good parcels, produced according to old traditional methods, results in wines with a great potential for development. But it is not only in the bottle that Domaine Mongeard-Mugneret delivers solid investment potential.

Domaine Mongeard-Mugneret: Hidden In The Shadows Of Attractive Grand Cru Parcels

Mongeard-Mugneret is a family-owned estate with access to some of the best grand cru vineyards in Burgundy. The domain is located in the heart of the Vosne-Romanée, which wine connoisseurs will know as the ultimate Burgundy Mecca and home to some of the finest, most expensive, and iconic wines in the world. The family has been here since 1620 and has been buying some of the most coveted parcels in more than 30 different appellations for more than eight generations. The family's well over 30 hectares include four of the best grand cru vineyards: Echezeaux, Grands Echezeaux, Clos de Vougeot, and Richebourg.

Today, Vincent Mongeard leaves nothing to chance when it comes to making his wines. Mongeard follows the good traditions of the family, which produces classic Burgundy wines. In the vineyard, work is done according to sustainable principles, not to follow a trend on the market, but because that is how the family has always worked. The grapes are destemmed on arrival at the winery and the wine is fermented completely naturally - only the temperature is kept low to maintain the balance in the wine. The barrels used by Mongeard-Mugneret are made from wood from the Alier forest, which is dried at home on the domain before being sent back to the cooper to be shaped into classic Burgundy barrels.

Here you have the opportunity to acquire wines from some of the best vineyard parcels in Burgundy, from a producer who has not yet been singled out by the critics and, up to now at least, tends to live a life in the shadow of the greats. One of the trends we are seeing in the market these years is an increasing demand for classic wines - a style that in every way describes Mongeard-Mugneret's grand cru wines. These are wines that do not impress youngsters but become really exciting with age.

Mongeard-Mugneret Domaine Mongeard-Mugneret - Classic Burgundy Grand Cru

Three Great Grand Cru Names

Clos de Vougeot is a vineyard with 80 producers, as a result, it's divided into many small parcels. Because of its size, it is significant where the producer has vines. The lower part of the vineyard faces down the main road and is much flatter than the upper part, which is well placed on the slope. Mongeard-Mugneret has two different parcels, which are in the really good upper part. Of the more than 50 hectares that Clos de Vougeot measures, Mongeard-Mugneret has less than one hectare. This means that Mongeard-Mugneret only produces about 2,500-3,000 bottles of Clos de Vougeot per year.

2018 Mongeard-Mugneret Clos de Vougeot: 93+ points from Wine Advocate ”Full-bodied, powerful and elegantly muscular”

Echezeaux is a large grand cru appellation, which covers several small parcels. Of the total of just over 36 hectares, Mongeard-Mugneret has just under two hectares with vines that are up to 60 years old. This gives an annual production of up to 5,500 bottles in good vintages.

2018 Mongeard-Mugneret Echezeaux: 93 points from Wine Advocate ”Full-bodied, rich and enveloping”

Grands Echezeaux is located right next to Echezeaux and is paradoxically much smaller. Of the approximately 9 hectares, Mongeard-Mugneret owns almost 1.5 hectares with vines that are almost 70 years old. This means that Mongeard-Mugneret accounts for about one-sixth of all Grands Echezeaux in the world, producing just over 4,000 bottles a year.

2018 Mongeard-Mugneret Grands Echezeaux: 94 points from Wine Advocate "Full-bodied, complex and concentrated, deep and layered".

How Much Can Wines From Clos De Vougeot, Echezeaux And Grands Echezeauz Also Cost?

Any wine connoisseur will recognize these three great names, and for good reason - this is where some of Burgundy's greatest names grow side by side, and with a united front, they keep these names relevant, current, and prestigious in the wine world. But to illustrate the format of these vineyards and the extremely low prices of Domaine Mongeard-Mugneret, let us look at some of the other producers of the vineyards. Below is an overview of the price levels of some of the top producers from the three great grand cru vineyards compared to Mongeard-Mugneret:

Clos de Vougeot

ProducerVintage 2018
LeroyNot Released*
Liger-Belair € 2.000
Mugneret-Gibourg € 550
d'Eugenie € 250
Mongeard-Mugneret € 150
*Comparable vintages cost approx € 3,000


ProducerVintage 2018
DRCNot Released*
Liger-Belair € 1.600
Tremblay € 850
Mugneret-Gibourg € 550
Mongeard-Mugneret € 120
* Vintage 2017 costs approx € 1.800

Grands Echezeaux

ProducerVintage 2018
DRCNot Released*
Georges Noellat € 400
d'Eugenie € 375
Lamarche € 250
Mongeard-Mugneret € 190
*Vintage 2017 costs approx € 1.600

Here, of course, it is important to emphasize that Mongeard-Mugneret is neither DRC nor Leroy. This is only to illustrate the value of the great brands of these iconic vineyards and the format they have. At the same time, the low price of Domaine Mongeard-Mugneret's grand cru wines leaves positive prospects for future price increases.

Grand Cru Leads Price Increases In Burgundy

Grand cru is the thing when it comes to the best returns in Burgundy. Liv-ex's leading Burgundy index, Burgundy-150, is a good example. Burgundy-150 is composed of the last 10 physical vintages of fifteen red- and white wines from the region's best producers. Fourteen out of fifteen of these are grand cru. Burgundy-150 is the Liv-ex index best performer over the last five years with a return of 85.5%, an average annual return of more than 13%.

RareWine Invest's Opinion

It is no secret that Burgundy has been the most interesting category in the wine world when it comes to returns, whether we look back five or ten years. It is also no secret that we believe Burgundy still has a bright future, and that Burgundy as a category will continue to play a central role for the wine investor - and in all likelihood for many years to come.

A common feature of many strong Burgundy investments over time has been their classification as "grand cru". This classification, which is the most distinguished in Burgundy, has created a brand in the wine world built on some of the most prestigious vineyards in France and by some of the absolute best wine producers in the world - but this prestige and reputation also come at a price, and it is in this category that we find the most expensive wines in the world.

If you look in the right places, you can succeed in finding genuine Burgundy grand cru, and at a very reasonable price. We have tracked down one such case. Domaine Mongeard-Mugneret delivers classic Burgundy wines, in limited quantities from three of Burgundy's iconic vineyards, at prices that offer a very reasonable entry point for an investment in the grand cru from Burgundy.

Assuming that wines from Burgundy's best vineyards will continue to be attractive investments in the future and that French wines will remain the benchmark in the Fine & Rare segment, the Mongeard-Mugneret case is an attractive choice, offering an affordable entry point for investing in Clos de Vougeot, Echezeaux and Grands Echezeaux - some of Burgundy's great icons.

Invest In Grand Cru Domaine Mongeard-Mugneret

2018Clos de Vougeot750OWC6180€ 150
2018Echezeaux750OWC6180 € 120
2018Grands Echezeaux750OWC6120 € 190
* All prices are in EUR ex. customs duties, taxes and VAT on delivery to customs warehouses. Prices incl. customs, tax and VAT are sent on request. The wines are only sold in whole boxes, unless otherwise stated and the price is per bottle. Minimum order size € 2,500. Assumes a total portfolio of min. € 10,000. The price of these wines may have changed since the publication of this article.

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