Investment Tips - Burgundy - 7. January 2025

White Burgundy En Primeur – Invest in Domaine Chavy-Chouet

Buy into an evolving category, direct allocation and strong vintages in sparse supply

Direct Allocation, En Primeur, and the World's Finest White Wines

Burgundy has historically been the category with the most significant price increases, and all indications suggest this trend will continue into the future. The main reason for this lies in Burgundy’s production of exceptionally high-quality wines, whose unparalleled taste drives demand far beyond supply.

A closer look reveals an even more compelling case for white Burgundy. While red Burgundy reigns supreme, outstanding red wines are produced elsewhere in the world. However, when it comes to the best white wines, only white Burgundy truly holds the throne – especially from Côte de Nuits.

Now you have the opportunity to participate in a unique investment case centered on white Burgundy. This is a chance to enter a burgeoning category with direct allocations, a new generation of exceptional winemakers, strong vintages, dwindling yields, and access to wines that will likely be unattainable in just 5 to 10 years.

The featured producer for this investment opportunity is Domaine Chavy-Chouet. See the full analysis below the image.

Click here and invest in the Chavy-Chouet assortment

Romaric Chouet Romaric Chouet

Exceptional Burgundy

Burgundy is in a league of its own when it comes to winemaking. Millions of years ago, the region was covered by shallow seas, leaving a unique, mineral-rich soil that was revealed when ancient glaciers retreated. Over a thousand years ago, monks arrived in Burgundy and discovered the area’s exceptional properties. Combining these natural gifts with centuries of winemaking tradition has made Burgundy what it is today.

France, one of the largest wine producers in the world, accounted for about 18% of global wine production in 2023. Burgundy contributes only about 3% of France’s wine production, equating to less than 0.5% of global production. At RareWine Invest, we focus primarily on two of Burgundy’s six subregions: Côte de Nuits and Côte de Beaune, collectively known as Côte d’Or. For this case, focusing on white Burgundy narrows the scope even further to less than 28% of Burgundy’s total vineyard area dedicated to white wine production.

So, when we say white Burgundy is scarce, we mean it!

Chavy-Chouet – A Notable Transformation of a Traditional Burgundy Domaine

For seven generations, Chavy-Chouet has thrived in Côte d’Or, deeply rooted in tradition and terroir. In 2006, Romaric Chavy took over from his ancestors, introducing a remarkable transformation. Romaric’s winemaking journey began early; at just 11 years old, his father asked if he wanted to attend winemaking school. By age 12, he was studying at a boarding school near Beaune, working at local vineyards, including that of his godfather François Mikulski.

Romaric has breathed new life into the estate, drawing on winemaking experience from Spain, South Africa, and Greece. His innovations have given the estate the boost it needed, balancing respect for tradition with modern, dynamic approaches.

"Like our Cistercian predecessors, our devotion to winegrowing is total. The golden rule is to never cut corners on the creation of a great wine.”

This philosophy embodies Romaric’s pursuit of excellence. Domaine Chavy-Chouet revisits every vine 12 times annually, ensuring meticulous care that enhances winemaking artistry. Under Romaric’s leadership, the domaine has embraced an organic direction, replacing herbicides with sulfur and copper to strengthen the vines.

With 15 hectares across 14 appellations – including Meursault, Puligny-Montrachet, and Saint-Aubin – Chavy-Chouet produces wines alongside iconic names like Coche-Dury, Ramonet, D’Auvenay, Olivier Leflaive, and Roulot.

Chavy-Chouet seamlessly merges historical practices with cutting-edge innovations, especially in its modern facilities, enabling Romaric to meet his exacting quality standards.

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Part of the New Era

The historic region of Burgundy is undergoing a generational shift. While generational transitions are nothing new, this one feels distinctly different in recent years. The wine world watches the region with reverence as a generation of exceptionally skilled winemakers takes over their ancestral domains.

Names like Charles Lachaux, Pierre-Vincent Girardin, Bruno Clair, Theo Dancer, and Simon Colin are attracting remarkable attention and respect from the established wine community – even among Burgundy's grand masters.

These are young, ambitious producers who know their craft. They are part of a new generation that benefits from the legacy of producing great wines over several generations. They bring with them knowledge, upbringing, and financial resources that give them even better conditions for producing exceptional wines than their predecessors.

Their financial footing is stronger, technological advancements assist them, and they have better access to knowledge. Furthermore, the global demand for organic and biodynamic wines creates even greater opportunities to achieve higher quality. The philosophy has also shifted from quantity to quality. They know one another, share knowledge, and foster a positive synergy that raises the standard, even among older producers. The courage and creativity of youth have generated an energy in Burgundy that resonates even in its most remote corners.

Although it might be a stretch to place Romaric Chavy in the same age bracket as the very youngest producers, the "new" Domaine Chavy-Chouet is undoubtedly at the heart of the transformation we are witnessing today.

Will 2024 Be the New 2014 – and Is There Enough?

In recent years, Burgundy has produced some truly outstanding white wines. Particularly the 2017, 2020, 2022, and 2023 vintages have received glowing reviews and are categorized as "Extraordinary" by Wine Advocate, even though the 2023 vintage has yet to receive its final ratings. According to BIVB's harvest report, 2023 promises to be an excellent year for white wines: “the grapes are ripe, aromatic, healthy, and well-balanced, producing wines that stand out for their richness and wonderful opulence, without excess,” notes BIVB.

Looking further back, 2014 is considered one of the greatest vintages for white Burgundy. Many signs indicate that, from a technical standpoint, 2024 could become the new 2014 – at least if you ask the Burgundian winemakers themselves. And if you ask us. We frequently visit the Côte d’Or and since this year’s harvest we have been in Burgundy every month (and have also tasted the estates' 2023 wines, which are outstanding). We've visited countless winemakers, tasted extensively, and spoken with producers. If 2024 doesn’t become the new 2014, it will at worst be a monumental vintage for white Burgundy. At least, that’s the sentiment from the winemakers – and from us.

"In Burgundy, they produce fantastically good white wines. I wish I could go back in time and buy 2014 Meursault or Puligny. It cost next to nothing back then, and today it drinks phenomenally – if you can even find it."
– Mads Jensen, CEO of RareWine

The 2022, 2023, and 2024 vintages represent a trio of exceptional white wine years for Burgundy. These young vintages are still relatively affordable, but climate change threatens both current and future production levels. So, is there enough to go around?

Rain, hail, mildew, and spring and night frosts have posed serious challenges to French and Burgundian wine production in recent years. Although both the 2022 and 2023 vintages represent generosity in terms of yield and quality for Burgundy, the surrounding years have been plagued by severe shortages. These challenges have been described as the worst agricultural disaster of the 21st century for the 2021 vintage and have only worsened with the recently harvested 2024 vintage, which is expected to be the smallest in a century. Yields are down by 16–18% compared to 2023.

2024 will be one of the smallest vintages since World War II – a club that also includes 2017, 2019, and 2021.

William Kelley, Editor-in-Chief at Wine Advocate, has also weighed in on the 2024 vintage, noting that producers were “tested to their limits” due to mildew caused by cold and damp conditions, resulting in extremely low yields. Kelley also emphasized that climate change has firmly taken root in Burgundy and is now an unavoidable part of the conversation.

Due to the drastically reduced yields, many producers are choosing to withhold some of their 2023 releases, planning to release them alongside the highly limited 2024 vintage.

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“Good and Affordable” White Burgundy with Age Doesn’t Exist

This investment case revolves around wines at a relatively low price point. It does so because we foresee a market that will increasingly demand such wines in the future. In our international trading shop, RareWine Trading, we receive weekly inquiries from buyers seeking “good and affordable” white Burgundy – something that is increasingly difficult to supply.

What is recognized as “good” has also become very expensive. If you’ve visited your local wine shop recently, you’ll know that as soon as, for instance, a white Meursault has even a bit of age, the price skyrockets. And you’re not alone in that observation:

We’ve analyzed Wine-Searcher.com for white Burgundy with age (entry-level Bourgogne Blanc and Meursault) using the benchmark vintage of 2014. Unsurprisingly, there are explosive price increases among top producers. Since their release (during 2015 and 2016), the average listing price for Meursault from Coche-Dury and Arnaud Ente has risen by 300–400%. For Roulot, the increase has been even more dramatic, with prices soaring by 649.1%.

Looking further down the list at wines with a price point more comparable to Chavy-Chouet, we see that Meursault from Henri Boillot and Joseph Drouhin has risen by about 150%. Vincent Dancer’s Meursault, however, has skyrocketed by a staggering 732%.

It would be surprising if the world somehow managed to avoid an even more pronounced shortage of truly good white wine at price points accessible to the broader market in the future.

Buy Wine Now That You Won’t Be Able to Access Later

Burgundian winemakers have become so skilled that the white wines produced in the region today have a quality suitable for aging – whether we’re talking about village, premier cru, or grand cru levels. At Domaine Chavy-Chouet, we have direct allocations, and while 2024 is being heralded as the next great vintage, and demand for white Burgundy is high and rising, producers’ liquidity is under pressure in the current market. This allows us to secure the 2024 vintage en primeur.

This gives us the opportunity to offer you an investment in young white Burgundy at quantities and prices that are truly attractive. Once it becomes widely known that 2024 is an exceptional vintage – and that there is virtually none of it available – it will be nearly impossible to access.

This is also your chance to secure great wines for personal enjoyment in the future, wines that you may later find impossible – or simply unaffordable – to acquire.

RareWine Invest’s Opinion

We’ve long stated that the supply of white Burgundy won’t be able to keep up with demand. The Burgundian winemakers say the same. Just look at what aged white Burgundy costs today.

The assortments available for investment here include bottles priced as low as €49. When we started offering Brunello for investment five years ago, the situation looked similar. If a wine from a sought-after region, with the right vineyards and from a strong vintage, costs only €49, will wine enthusiasts even notice if the price increases by 10 or 20%? Probably not!

This is exactly what makes this case exciting. This form of investment is also new to us. And just like with Italian wines – where quality and price don’t align – you should expect a longer investment horizon here as well. Have the Italian wines increased in price? Yes, they have. But we expect a horizon closer to ten years rather than five.

We have extremely high expectations for this category: white Burgundy. And now, for the first time, we can offer assortments that include en primeur from a vintage that, at worst, will be very, very good.

The available assortments include a variety of wines in multiple formats and different vintages. Click here to explore the available assortments.

Click here and invest in the Chavy-Chouet assortment

Magnum and Double Magnum: What Are the Advantages?

In this investment tip, you have the opportunity to invest in various mixed packages. Some of these packages include three different formats: standard 0.75L bottles, magnums, and double magnums.

But what are the actual advantages of these larger formats?

Magnum bottles are twice the size of standard 0.75L bottles. However, the amount of oxygen in the bottle is not proportionally larger. This generally means that wine in magnums ages more slowly and gracefully, offering greater aging potential. The same principle applies to double magnums, which have an even greater aging potential than magnums.

Moreover, both magnum and double magnum formats are significantly rarer than standard formats, even at the time of release.

Assortments

An investment in a Chavy-Chouet assortment is not only an investment in an excellent Burgundy producer. It is also an investment in white Burgundy as a category. An emerging category we expect a lot from. And the fact is that an opportunity to buy white Burgundy 2024 en primeur directly from the producer is not an everyday possibility. Quite the contrary.

What these assortments have in common is that the price is extremely lucrative. Quantities are sparse. And while we don't yet know the ratings of the 2023 and 2024 vintages, we do know the general level of the producer - as well as the predictions for the 2024 vintage, and our own experiences from tasting the 2023, as mentioned in the article above.

Below you will find two carefully curated Chavy-Chouet Assortments, both containing premier cru and village, as well as different formats. In terms of price, they don't diverge much from each other and we don't recommend one over the other.

Assortment 1

Price: €5410
85 bottles

Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru

12 x 2022 Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru / €90 per bottle

12 x 2024 Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru /€90 per bottle

Right on top of the hill of Puligny-Montrachet, this steeply sloping premier cru plot of Champ Gain has very limestone, rocky soil. Here Chavy-Chouet owns 0.30 hectare where from they are allowed to produce a maximum of 2,700 bottles per vintage. None of the critics we normally use have tasted and evaluated 2022 and 2024 Champ except Burghound, who gives 2022 Champ Gain 90 points. Chavy-Chouet makes their Puligny-Montrachet Champ Gain alongside prominent wine makers such as Arnaud Ente, Oliver Leflaive and Colin Morey.

Add to that the cheapest offer for 2022 Chavy-Chouet Puligny-Montrachet Champ Gain Premier cru on wine-searcher.com right now is €124*. Your price is €90*.

*price ex. customs, VAT and duty. In full cases and perfect condition.


Chavy-Chouet Meursault Les Vireuils

18 x 2023 Chavy-Chouet Meursault Les Vireuils | €50 per bottle

18 x 2024 Chavy-Chouet Meursault Les Vireuils | €50 per bottle

On the edge of the Auxey-Duresses valley in the northern corner of Meursault lies Les Vireuls, from which Chavy-Chuet makes a beautiful village wine from two parcels. The vines here average at 35 years old. Neither 2023 nor 2024 have yet received scores from the world's leading critics, which is why the general assessment of the vintage must now act as a quality marker for the two vintages: And both 2023 and 2024 are great vintages for white Burgundy.

Add to this the fact that the price for these is €50*, which brings us back to the argument of whether wine lovers will even realise if the price went up 10 or 20%?

About Chavy-Chouet's Meursault Les Vireuils, Vinous has said that they can age extremely well. The latest Vinous rated Chavy-Chouet Meursault Les Vireuils is 2020, which scored 91 points. How much Chavy-Chouet Meursault Les Vireuils is produced per vintage obviously varies from vintage to vintage, but 1,500 bottles were reportedly produced in the 2020 vintage, which is why it is assumed that production is in that range.

So here you get a really nice village wine with good ageing potential - in limited quantities. And at a really great price.

 

Chavy-Chouet Meursault Clos des Corvees de Citeau

1 x 2023 Chavy-Chouet Meursault Clos des Corvees de Citeau (double magnum) | €250 per bottle

24 x 2024 Chavy-Chouet Meursault Clos des Corvees de Citeau | €50 per bottle

Clos des Corvées de Citeau has been in the Chavy-Chouet family since 1893. And according to Romaric his great grandmother inherited the plot from a lady she had been taking care of in the fall of her life. The small vineyard covers just around 1 hectares and is surrounded by walls on all sides, making it a clos. Romairc says, that the walls make the temperature slightly higher here. According to Romaric, it is always this clos that first blooms – and almost always the first to be harvested. The vines on Clos des Corvees de Citeau are 65 years old resulting in a both rich, fresh and concentrated wine.

This assortment includes the 2023 on double magnum and the 2024 vintage on regular format. And with only 1 hectare to produce from, Chavy-Chouet inherently produces very limited quantities from Clos des Corvees de Citeau – and double magnums are even more rare.

Assortment 2

Price: €5.220

72 bottles

This assortment contains three different wines from Chavy-Chouet in different vintages and different formats. Read about the wines below.

Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru

12 x 2022 Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru | €90 per bottle
6 x 2023 Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru | €90 per bottle
12 x 2024  Chavy-Chouet Puligny-Montrachet Champ Gain Premier Cru | €90 per bottle

Right on top of the hill of Puligny-Montrachet, this steeply sloping premier cru plot of Champ Gain has very limestone, rocky soil. Here Chacy-Chouet owns 0.30 hectare where from they are allowed to produce a maximum of 2,700 bottles pr. Vintage. None of the critics we normally use have tasted and evaluated 2022, 2023 and 2024 Champ except Burghound, who gives 2022 Champ Gain 90 points. Chavy-Chouet makes their Puligny-Montrachet Champ Gain alongside prominent wine makers such as Arnaud Ente, Oliver Leflaive and Colin Morey.

Add to that the cheapest offer for 2022 Chavy-Chouet Puligny-Montrachet Champ Gain Premier cru on wine-searcher.com right now is €124*. Your price is €90*.

*price ex. customs, VAT and duty. In full cases and perfect condition.


Chavy-Chouet Meursault Les Narvaux

12x 2023 Chavy-Chouet Meursault Les Narvaux | €50 per bottle
6x 2023 Chavy-Chouet Meursault Les Narvaux (Magnum) / €120 per bottle
12x 2024  Chavy-Chouet Meursault Les Narvaux | €50 per bottle

From a plot of 0.5 hectare from 60 year old vines, Chavy-Chouet makes their Meursault Les Narvaux village. Les Narvaux is one of Meursault’s most famous lieux-dits (named vineyard plots), known for producing elegant and mineral-driven wines that rival premier crus in quality. It is considered one of the best village-level vineyards in Meursault, often rivaling premier crus in complexity and finesse. Les Narvaux is situated above the premier cru vineyards of Genevrières and Poruzots, Les Narvaux is on the higher slopes of Meursault.

The total production of Meursault Les Narvaux from Chavy-Chouet is relatively limited, given the vineyard’s size and focus on quality. Annual production is estimated at 1,500–2,000 bottles, depending on the vintage.

Also D'Auvenay, Pierre-Vincent Girardin and Colin Morey makes a Les Narvaux, making this a playground for the best winemakers in the world. This assortment contains Les Narvaux from 2023 in both regular and magnum formats plus a 2024 vintage en primeur. 

Add to that the cheapest offer for 2023 Chavy-Chouet Meursault Les Narvaux according to wine-searcher.com (pre-arrival) is currently €67*. This is 34% more than your price of €50*.

*price ex. customs, VAT and tax. In full cases and perfect condition.

Chavy-Chouet Meursault Les Vireuils

6 x 2023 Chavy-Chouet Meursault Les Vireuils | €50 per bottle
6 x 2024 Chavy-Chouet Meursault Les Vireuils | €50 per bottle 

On the edge of the Auxey-Duresses valley in the northern corner of Meursault lies Les Vireuls, from which Chavy-Chuet makes a beautiful village wine from two parcels. From vines whose average age is 35 years. Neither 2023 nor 2024 have yet received scores from the world's leading critics, which is why the general assessment of the vintage must now act as a quality marker for the two vintages: And both 2023 and 2024 are great vintages for white Burgundy.

Add to this the fact that the price for these is €50*, which brings us back to the argument of whether wine lovers will even realise if the price went up 10 or 20%?

About Chavy-Chouet's Meursault Les Vireuils, Vinous has said that they can age extremely well. The latest Vinous rated Chavy-Chouet Meursault Les Vireuils is 2020, which scored 91 points. How much Chavy-Chouet Meursault Les Vireuils is produced per vintage obviously varies from vintage to vintage, but 1,500 bottles were reportedly produced in the 2020 vintage, which is why it is assumed that production is in that range.

So here you get a really nice village wine with good ageing potential - in limited quantities. And at a really great price.

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