Domaine de la Romanee-Conti

Awe-inspiring Burgundy auction scheduled for the autumn

Posted by WineInvestment.org on July 16, 2013
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www.ipo-book.com


In excess of 140 lots of Domaine de la Romanée-Conti, worth an estimated $2.1 million, will be sold at auction this September.

Sotheby’s have announced that the sale will take place in in Hong Kong on September the 7th.

The wines are derived from eight grand cru-designated vineyards in the Côte d’Or, with the most desirable being from Vosne-Romanée. These include Romanée-Conti, La Tâche, Echézeaux and Richebourg.

The sale includes:

• 36 six-liter methuselahs

• 18 lots of Romanée Conti

• More than 70 magnums

• Vintages from 1970 to 2003

• 30+ lots of Echézeaux and Grands Echézeaux.

There is increased need for guarantee of provenance due to the Rudy Kurniawan counterfeit scandal, Sotheby’s emphasise that the wines on offer have been stored correctly and that the source is highly legitimate.

The auction house states that: ‘All the wines in this sale were purchased, on release, directly from one of Domaine de la Romanée-Conti’s importers, and were subsequently sold as a part of a larger collection to the current owner. So the wines have only been owned by two collectors since being distributed by the importer.’

Hong Kong is also set to host a sale of wines direct from the cellars of first-growth Bordeaux estate Haut-Brion.

Source: www.wine-searcher.com

 

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‘Acker Merrall & Condit’s sale in Bridgehampton, New York’.

Posted by WineInvestment.org on June 17, 2013
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www.thewinecellarinsider.com


Three double-magnums of Chateau Haut-Brion 1989 Bordeaux are estimated to fetch up to $18,000 at Acker Merrall & Condit’s sale in Bridgehampton, New York this month. Other wines in this sale on the 29th June, include a case of Chateau Lafite-Rothschild 1982, estimated to reach as much as $40,000, Chateau Latour 1982 predicted to generate $20,000, and two cases of Chateau Cheval Blanc from the same vintage valued at as much as $10,000 each

Chateau Haut-Brion is amongst one of the world’s five rarest and most costly investment wines.

Haut-Brion’s 1989 vintage was awarded a flawless 100-point score from U.S. wine critic Robert Parker. One case sold for $16,500 at a Christie’s International Plc London sale on Feb. 21 and another fetched 10,810 pounds at Sotheby’s (BID) the same month.

The Acker Merrall & Condit’s sale also contains a magnum of Romanee Conti 2001 Domaine de la Romanee Conti, estimated to make $22,000, and California wines from growers such as Screaming Eagle and Harlan Estates.

Source:www.bloomberg.com

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‘Christie’s removes suspected fake DRC from New York auction’

Posted by WineInvestment.org on June 03, 2013
Cult Wines Ltd News / No Comments
Romanée-Conti


Christie’s have announced that a suspected fake magnum of 1962 La Tâche was removed from its fine and rare wines auction taking place in New York over 30 and 31 May. The respective wine had a top estimate of US$24,000 excluding buyer’s premium.

‘The lot in question has been withdrawn from sale to allow time for in-person inspection by additional third-party experts,’ said a Christie’s spokesperson.

Aubert de Villaine, co-owner of Domaine de la Romanée-Conti, is said to have welcomed the decision, and after seeing a photo of the wine, he said there were ‘justified doubts’ over some aspects of the labelling and bottle cap.’It is therefore right that Christie’s has withdrawn [this wine] from sale pending a more complete expert opinion,’ he told Decanter.com.

Don Cornwell, lawyer and Burgundy collector was the first person to raise initial doubts regarding the authenticity, which he did via a forum post on the Wine Berserkers website.

He also speculated that the magnum may have originated from alleged wine fraudster Rudy Kurniawan, due to the identical defects to several of the pre-1978 DRC bottles sourced by Kurniawan.

Source: www.Decanter.com

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Chateau Mouton-Rothschild magnums raise $3.96 million at auction

Posted by WineInvestment.org on May 21, 2013
Cult Wines Ltd News, Wine Market News / No Comments
Mouton Magnums Back to 1945 Fetch $266,000 at Christie’s


Sixty-six magnums of Chateau Mouton-Rothschild dating from 1945-2008 were sold at a Christie’s International Plc auction in Geneva last week, fetching a total of $3.96 million.

Other wines auctioned included a case of Vosne-Romanee Cros Parantoux 2000 Henri Jayer, which made 64,350 francs, and 12 bottles of Le Pin 1989 Pomerol, which generated $46,800.

According to Christie’s online auction results, three magnums of Cros Parantoux 1995 Henri Jayer sold for 37,440 francs, as well as Domaine de la Romanee-Conti assortment case from each of the years 1985 and 1996 for 35,100 francs and 30,420 francs respectively.

Reassuringly the Liv-ex Fine Wine 50 Index is still up 5 percent since the beginning of this year, however a 3 percent decline was observed since mid-March due to investors focusing on the Bordeaux 2012’s.

Source: http://www.bloomberg.com

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