Small production and rising acclaim have caused price spikes for the top echelon of Nebbiolo wines from Piedmont, but there are so many options further down the ladder – not least due to a run of good vintages, including an exceptional Barolo 2016 crop.
From digging into lesser-known Barolo crus to unearthing fresh winemaking talent and getting to grips with up-and-coming areas like Alto Piemonte, it’s impossible do full justice to the options in one single article.
But, we’ve created an introductory guide to provide inspiration for collectors looking to get into Piedmont.
Collecting Piedmont wines
Growing numbers of savvy collectors recognise the value, diversity and investment potential to be found in Piedmont’s hills, particularly following a run of good vintages for Nebbiolo.
Exceptional Nebbiolo 2016 wines have set pulses racing among Piedmont lovers and the new-release Barolos are already being placed in the company of greats, such as 2010, 2006 or 2001.
But that’s not the whole story, because 2016 is the third very good-to-great vintage in four years, closely followed by the lauded class of 2010.
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"}
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Report by Chris Mercer for Decanter Premium. A freelance journalist and former editor of Decanter.com, Chris has written about the global fine wine market for more than a decade
Disclaimer
Please note that this report has been published purely for informational purposes and does not constitute financial or investment advice.The report includes Wine-Searcher monthly global average retail prices in US$ to provide a consistent point of comparison, as well as data and opinion from other trade sources. All of this information is subject to change, and the prices and availability of wines cited will vary between countries, currencies and retailers. Decanter and the editorial team behind this report do not accept liability for the ongoing accuracy of its contents. Seek independent and professional advice where necessary and be aware that wine investment is unregulated in several markets. Please be aware that prices can go down as well as up.