Categories
News

La Place 2025: Key fine wine releases beyond Bordeaux

  • The La Place 2025 campaign has continued its expansion with more than 130 wines offered via the historic network.
  • As the campaign unfolds against a backdrop of economic uncertainty, some estates have paused their involvement while others see it as an even more necessary tool to secure sales.
  • We analyse the value and investment potential of some of the most important La Place releases.

The La Place 2025 campaign has continued its expansion with more than 130 wines offered via the historic network.

Firstly, what is La Place? Traditionally, La Place de Bordeaux (as it is called in full) was the centuries-old distribution system through which Bordeaux châteaux released their wines to international merchants. Over the past two decades, it has transformed into a global platform, with leading estates from Tuscany, California, Chile, and beyond joining to tap into its worldwide reach. For investors, La Place matters because it provides access to many of the world’s most sought-after wines at the moment of release – making it a barometer for both pricing trends and collector demand.

As the campaign unfolds against a backdrop of economic uncertainty, some estates have paused their involvement while others see it as an even more necessary tool to secure sales. We analyse the value and investment potential of some of the most important La Place releases.

La Place in 2025: what has changed

This year’s campaign unfolds against a backdrop of economic uncertainty, with the fine wine market still in the grip of a downturn that began in late 2022. Lower release prices have become more of an expectation, with the need to adapt to softer demand more noticeable than ever. Some estates have chosen to step back, pausing their La Place involvement for now, while others have come to view the system as key to securing global recognition and distribution. 

What remains unchanged is the underlying pull of La Place: demand among producers to gain access to this international sales platform continues to grow, ensuring a steady stream of new entrants even as others bow out.

Departures and pauses

Not every name is present this year. Montes Muse, Destiny Bay, and Bibi Graetz’s ultra-limited Balocchi are no longer part of the roster. Certain wines are absent due to production constraints rather than strategy: Penfolds Bin 169 was not made in 2023, while Cloudburst skipped its 2022 Malbec. Within Bibi Graetz’s portfolio, the white Testamatta and Colore were made in such small volumes that they will not be offered via La Place.

Shifting timelines

Another notable trend is the shift in release windows. Several well-known estates have moved from September to March releases, including Hermitage La Chapelle, Napa’s Favia, Chile’s Viñedo Chadwick, and Jackson Family Wines’ Cardinale. This rescheduling might help reduce bottlenecks during the crowded September calendar.

New arrivals

Despite some exits, the list of debutants reinforces La Place’s increasingly diverse profile. New highlights include:

  • Argentina (Mendoza): Zuccardi’s El Camino de las Flores
  • Australia (Clare Valley): Jim Barry Florita
  • Australia (Tasmania): Arras Grand Vintage
  • France (Loire): Vincent Delaporte (Sancerre), Domaine Luneau Papin (Muscadet), Laurent Lebrun (Pouilly-Fumé), Sébastien Brunet (Vouvray)
  • Spain (Ribeira Sacra): Cornamús (F. Algueira)
  • USA (California): Flowers (Pinot Noir & Chardonnay)

Most in-demand La Place releases

Some La Place releases command attention year after year. These include the Super Tuscans, California’s cult labels, and Bordeaux/New World collaborations such as Seña and Almaviva. But where do their latest vintage releases sit in the current market and the overall brand performance?

Masseto

Masseto was the first Italian wine to join La Place de Bordeaux back in 2009, offering its 2006 vintage through the international distribution system. It was also the first wine with no specific Bordeaux ties to join the platform, paving the way for other fine wines from around the world.

Earlier this month saw the release of its latest 2022 vintage at £6,140 per 12×75, down 1% on last year. The wine achieved 95 points from Antonio Galloni (Vinous) – his lowest score since the 2014. Still, he described it as ‘elegant and polished’ and ‘super refined’.

When it comes to value for money, the 100-point 2021 vintage makes a better buy. The lower-priced but higher-scored 2018 and 2017 vintages also offer better value. All of these vintages sit below the average brand price of £7,812 per case. Notably, our Masseto index has risen 67% over the past decade. 

Masseto fine wine prices

Solaia

Another notable Super Tuscan follows a similar trajectory. Solaia 2022 was released at £3,300 per 12×75, flat on the 2021, which has since fallen in value. Comparing critic scores for the two weighs in favour of last year’s release, which earned 100 points from Galloni. The lower-priced 2018 Solaia also looks more attractive.

Over the past decade, our Solaia index has risen an impressive 113%. Even with the current market downturn, Solaia values have held relatively steady – up 3% in the last six months. 

Solaia fine wine prices

Opus One 

Moving past the Super Tuscans, the 2022 vintage of the USA’s most popular wine, Opus One, was released earlier this month at £2,820 per 12×75. The wine received 92+ points from Galloni, 96 points from Jane Anson and 95-97 points from Lisa Perrotti-Brown MW. Higher-rated vintages like 2018 and 2019 look better poised for investment.

The overall performance trajectory of Opus One has been positive: the brand is up 4% in the last six months, 18% in the last five years, and 95% in the last decade.

Opus One Napa Valley fine wine prices

Penfolds Grange 


Penfolds, Australia’s leading wine brand, released its 2021 vintage slightly below 2020 but above most readily-available older vintages. The new release achieved 98 points from Jane Anson and Erin Larkin (Wine Advocate). Still, buyers will find better value in 2015 and 2016 – two of the most sought-after Penfolds Grange vintages.

Penfolds Grange Australian fine wine prices

Seña

The 2023 vintage of Seña, which received 95 points from Joaquin Hidalgo (Vinous) and Jane Anson, was released at £720 per 12×75, down 36% on last year. Still, the 95-point 2018 and 96-point 2019 remain available at lower prices. 

In the last six months, our Seña index has risen 2%; over the past decade, it is up 70%.

Mondavi and Chadwick Sena fine wine prices

Almaviva

Almaviva, the most popular Chilean wine brand, also offered its 2023 vintage via La Place this September, at £924 per 12×75 case. The new vintage was awarded 96 points from Joaquin Hidalgo, placing it on par with the 2021 and 2019 vintages. The 2023 Almaviva has been one of the better value La Place releases, although from its back vintages, 2020 and 2019 look equally or even more attractive.

Almaviva fine wine prices

In terms of overall brand performance, our Almaviva index is up 141% in the last decade. The brand’s average price per case now stands at £1,565.

Almaviva fine wine index

The 2025 La Place campaign inevitably reflects the global economic climate as well as the challenges and the resilience of today’s fine wine market. A cautious economic backdrop and softer demand have prompted some estates to step aside and others to lower prices, yet La Place continues to expand in scope and influence.

The arrival of new producers from Argentina, Australia, the Loire, and California highlights its ongoing globalisation, while established icons like Masseto, Solaia, Opus One, and Almaviva still command worldwide attention. The key for buyers remains having a selective and comparative approach. While new releases carry prestige and immediate buzz, back vintages often provide stronger value and proven performance. 

Want to learn more? See also: Is buying early always the best investment?

WineCap’s independent market analysis showcases the value of portfolio diversification and the stability offered by investing in wine. Speak to one of our wine investment experts and start building your portfolio. Schedule your free consultation today.

 

Categories
News

Pound strength creates opportunity in Californian fine wine

  • Sterling strength against the US dollar, combined with Californian fine wine prices down 11.4% year-on-year create prime buying conditions for European investors.
  • From Screaming Eagle and Opus One to Bond Melbury and Aubert Chardonnay, select Californian wines are showing resilience and strong returns.
  • US wines are not subject to the same tariffs as European wines entering America, amplifying the current opportunity.

Currency tailwinds meet market softness

With pound sterling trading near its strongest levels against the US dollar in almost a decade, European fine wine buyers are enjoying a rare currency advantage. In addition, prices for Californian fine wine have fallen 11.4% on average in the last year – a steeper drop than Burgundy, Champagne, Italy and the Rhône. And while European exports are now subject to a 15% tariff in America, American wines enter the EU with only minimal import duties. 

For those looking west, this means more than just favourable exchange rates – it’s a window of opportunity to acquire some of California’s top investment-grade wines at effectively lower prices. The combination of market softness in the US and a relatively strong pound has created a buying climate that hasn’t been so compelling in years.

California’s investment appeal

California has long been America’s fine wine powerhouse, with its top labels regularly commanding global attention alongside Bordeaux First Growths and Burgundy Grand Crus. The state offers remarkable diversity, from the cult Cabernet Sauvignons of Napa Valley to the elegant Chardonnays of the Sonoma Coast.

Yet it is also a market where fine wines have historically been harder to acquire in Europe. Limited allocations, strong domestic demand, and brand-loyal followings have often kept supply tight. In the current environment, however, these barriers have eased slightly. Some of California’s most iconic names are trading at multi-year lows, as part of the wider correction in the global fine wine market.

Screaming Eagle: The US investment benchmark

Screaming Eagle remains the top traded US wine by value, with a market history as intense as its scarcity. With six perfect 100-point scores in just 13 vintages, it sits in a league of its own among American wines. Over the past two decades, Screaming Eagle’s prices have climbed more than 200%, making it one of the most lucrative long-term holds in the fine wine market.

That said, the past few years have been volatile. After peaking in 2022, prices fell as broader market sentiment cooled, particularly in the ultra-high-end segment. The Screaming Eagle index has since shown signs of stabilisation, rising more than 5% year-to-date. For investors, this is often the sweet spot – when a correction has bottomed and momentum begins to turn.

Screaming Eagle wine performance

The 2021 vintage is especially compelling. A 100-point release, it remains the most affordable among the perfect-score cohort. For those seeking a rare combination of topmost quality, brand prestige, and relative value, this vintage offers an unusually attractive entry point.

Other Californian fine wines to watch

While Screaming Eagle often dominates the conversation, California’s investment landscape is far broader. Several names have shown resilience or are quietly building momentum:

  • Opus One – This Franco-American collaboration has traded in higher volumes this year on Liv-ex than European stalwarts such as Léoville Las Cases, Ornellaia, and Pol Roger Sir Winston Churchill. Year-to-date, our Opus One index is up 4%, with healthy liquidity that makes it attractive for active traders.
  • Joseph Phelps Insignia – A model of consistency, Insignia’s prices have risen through the broader market downturn. The index is up 7% over the past six months and has appreciated more than 70% in the last decade. Its track record makes it one of the most reliable US names for long-term investment.
  • Dominus – Known for its Bordeaux-style Napa blends, Dominus has declined just 1% in the past year. More recently, it has begun consolidating, with a 2% rise since January 2025, suggesting a potential base is forming for the next move higher.

These examples highlight an important point: not all Californian wines follow the same market rhythm. While the ultra-luxury segment can be more volatile, there are pockets of stability and even steady growth available to more risk-conscious investors.

Top-performing US wines over the past year

According to Wine Track, several Californian labels have posted double-digit gains despite general market challenges and political uncertainty. This once again underscores the value of selective buying, even in a cooling market.

Top performing US wines

Bond Melbury and Screaming Eagle The Flight lead the field, each posting gains of 30% or more – an impressive performance given the overall market softness. Both wines share similar investment traits: small production, critical acclaim, and established brand prestige.

The appearance of Aubert Chardonnay and Occidental Pinot Noir on this list also highlights a growing trend: high-quality Californian whites and Pinot Noirs are attracting more collector attention, offering diversification beyond Cabernet Sauvignon and Bordeaux-style blends.

Investment takeaways

The combination of currency tailwinds and a market correction presents a rare opportunity for European buyers. For investors, the strategy is twofold:

  1. Target icons at cyclical lows: Screaming Eagle, Opus One, and Dominus are trading below peak levels, offering the potential for recovery-driven gains.
  2. Diversify with proven mid-tier performers: wines like Bond Melbury, Aubert Chardonnay, and Chappellet have delivered strong recent returns and often come with lower volatility than the ultra-cult names.

With sterling strong and US prices still subdued, this is a moment where timing and selectivity could translate into meaningful portfolio gains. California may be half a world away, but for European investors, the opportunity has rarely felt closer.

For more, read our United States Regional Report.

Categories
Learn

Inside the USA’s wine investment market

The following article is an extract from our USA regional wine investment report.

  • Today, the USA is one of the key fine wine investment regions.
  • Its share of secondary market trade has risen from 0.1% in 2010 to around 8% this year.
  • Demand has been stimulated by a string of good vintages in the past decade, high critic scores, and expanding distribution.

Today, the USA is one of the key fine wine investment regions. Its share of secondary market trade has risen from 0.1% in 2010 to about 8% this year, and an increasing number of previously overlooked wineries are now showing investment-worthy returns.

Inside the USA’s investment market

California has long been the driver behind the USA’s ever-growing presence in the fine wine investment landscape, accounting for roughly 99% of the country’s secondary market trade. Buying demand has been largely UK and US-driven and centred around the top names: Screaming Eagle, Opus One, Dominus, Harlan Estate, Promontory, and Scarecrow.

Price differentials

California is the second-most-expensive fine wine region after Burgundy, based on the average price of its leading estates. However, there are big differences in pricing between the region’s top names.

At the time of writing, the average case price of Screaming Eagle Cabernet Sauvignon is £39,117, compared to £7,399 for Promontory, £3,764 for Opus One, £2,773 for Dominus, and £2,719 for Ridge Monte Bello. To explore average trade prices, visit our indexing tool Wine Track.

Price performance

Prices for Californian fine wines have risen slowly and steadily. Over the last 15 years, the Liv-ex California 50 index which tracks the price movements of the last 10 physical vintages across five of the most traded brands (Dominus, Opus One, Harlan, Ridge, and Screaming Eagle) has outperformed both the Liv-ex 100 and Liv-ex 1000 indices. The California 50 is up 166.2%, compared to 71.6% for the Liv-ex 100 and 116.6% for the Liv-ex 1000. Moreover, over the long and short term, California has fared better than Bordeaux as an investment, yielding higher returns.

The best brands for investment

Among the most popular labels, Ridge Monte Bello has been the best-performing Californian wine, up 121.9% in the last decade. It has been followed by Screaming Eagle Cabernet Sauvignon with a 103.3% rise and Harlan, up 91.1%. All the wines in the chart below have risen over 80% in the last decade.

US wines performance

However, other producers beyond the most traded names have also been making waves. Caymus Cabernet Sauvignon has risen an impressive 154.8%, while Dunn Howell Mountain Cabernet Sauvignon is up 137.5% in the last decade. This data suggests that there is a significant number of American wines beyond the most popular names that can deliver healthy investment returns.

California: A 100-point region

Price performance has been influenced by ‘cult’ status and vintage quality. California regularly tops critic rankings as the region with the most 100-point wines. Relatively consistent climate has led to less vintage variation than in other dominant fine-wine producing regions. Major critic publications like Wine Advocate and Wine Enthusiast highlight 2001, 2007, 2012, 2013, 2015, 2016, 2018, 2019, and 2021 as particularly good.

To find out more about the investment market for US wines, read the full report here.