11 March 2022
Barolo 2018: Discovering the nuance of the region’s terroirs
To put it simply, great Barolos typically make great investments, and the successful 2018s should be no exception, especially as Italy is poised to continue to take a greater share of the fine wine market in 2022 and beyond.
Cult Wine Investment's Piedmont wines (namely Barolo and Barbaresco) posted big growth numbers just a few years ago (19% in 2017 and 14% in 2018) but recent years have seen a slower pace as attention shifted to Tuscany within Italy and to Burgundy and Champagne further afield. But as a result, the relative value of many great wines in the region has improved, especially when compared to Burgundy.
 Source: Pricing data from Liv-ex. Past performance is not necessarily indicative of future results. The CW Index is calculated in GBP
and results in (USD or CAD$) will fluctuate based on currency exchange rates. Performance figures are reported gross of fees.
Dwarfed by Burgundy
Prices of select 2016 wines from Barolo and Burgundy
Source: Liv-ex as of 09 Mar 2022.
The real potential for the 2018s could rest in the long term, and the key in 2018 will be identifying the best wines with long ageing potential and then holding them through their lifespans. The fact that there are some mixed opinions of 2018 and ageing potential is not as widespread as 2015 and 2016 could help the top wines achieve price growth as more of the vintage’s wines will get consumed earlier, creating scarcity over time.
While 2016 Barolos had widespread appeal, we think that those in possession of the most intriguing wines from the 2018 cohort will reap the benefits down the road with either healthy returns or a set of unique expressions of one of the most cherished regions in all of fine wine.