Sothebys

Awe-inspiring Burgundy auction scheduled for the autumn

Posted by WineInvestment.org on July 16, 2013
Cult Wines Ltd News / No Comments
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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Resurgent Bordeaux Smashes pre-Sale Estimates – Sotheby’s 3rd April Auction in Hong Kong

Posted by WineInvestment.org on May 02, 2013
Auction Results, wine investment, Wine Market News / No Comments
Sotheby HK Wine Auction


Had Sotheby’s April 3rd auction been held two days prior, the results would have been dismissed as codswallop. But alas, there were no fools and the Hong Kong auction was truly an indication that the Chinese appetite for the Bordeaux Grand Cru wines is as strong as ever.

The eleventh offering from the ‘A Great American Collector’ series was described by Sotheby’s as featuring “the finest selection of wines from Bordeaux, Burgundy, Champagne, California and Italy”. And they were clearly not exaggerating, with 97.5% sold by lot and 99.8% sold by value! Perhaps the most impressive figures though, were those of the top Bordeaux lots, which surpassed expectations by some way.

Some highlights are detailed below:

LOT WINE SIZE ESTIMATE SOLD % OVER HIGH EST.
8060, 8061 Lafite Rothschild 1982 12x75cl HKD 200,000 – 280,000 (GBP 17,080 – 23,912) HKD 1,041,250

(GBP 88,924)

271.88%
8062, 8063 Lafite Rothschild 1986 12x75cl/ 6x150cl HKD 60,000 – 85,000

(GBP 5,124 – 7,259)

HKD 918,750

(GBP 78,462)

980.89%
8002 Petrus 1989 12x75cl HKD 220,000 – 280,000

(GBP 18,788 – 23,912)

HKD 612,500

(GBP 52,308)

118.75%
8003, 8004 Petrus 1990 12x75cl HKD 200,000 – 280,000

(GBP 17,080 – 23,912)

HKD 612,500

(GBP 52,308)

118.75%
8005, 8006, 8007, 8008 Petrus 1995 12x75cl HKD 100,000 – 150,000

(GBP 8,540 – 12,810)

HKD 563,500

(GBP 48,123)

275.67%
8094, 8095, 8096 Mouton Rothschild 1982 12x75cl HKD 65,000 – 95,000

(GBP 5,551 – 8,113)

HKD 539,000

(GBP 46,031)

467.37%
8023 Le Pin 2000 12x75cl HKD 200,00 – 280,000

(GBP 17,080 – 23,912)

HKD 514,500

(GBP 43,939)

83.75%
8098, 8099, 8100 Mouton Rothschild 1986 12x75cl HKD 46,000 – 60,000

(GBP 3,928 – 5,124)

HKD 416,500

(GBP 35,569)

594.16%
8017 Le Pin 1985 11x75cl non-owc HKD 70,000 – 100,000

(GBP 5,978 – 8,540)

HKD 367,500

(GBP 31,385)

267.51%
8001 Petrus 1986 12x75cl HKD 85,000 – 120,000

(GBP 7,259 – 10,248)

HKD 269,500

(GBP 23,015)

124.58%
8022 Le Pin 1999 6x150cl HKD 80,000 – 110,000

(GBP 6,832 – 9,394)

HKD 269,500

(GBP 23,015)

145.00%
8122, 8123, 8124, 8125, 8126, 8127 Mouton Rothschild 2000 600cl HKD 55,000 – 80,000

(GBP 4,697 – 6,832)

HKD 269,500

(GBP 23,015)

236.87%
8066, 8067 Lafite Rothschild 1995 12x75cl HKD 42,000 – 60,000

(GBP 3,586 – 5,124)

HKD 232,750

(GBP 19,877)

287.92%

Both the variety of wines and vintages purchased and the consistency of sale prices over and above high estimates provide a discerning example of the premiums buyers will pay for stock with outstanding provenance.

Serena Sutcliffe MW said of the sale items: “It is always stimulating to catalogue the impeccably sourced and stored wines amassed by this discerning collector – it is a flawless cellar…”. A strong argument for only buying fine wine from reputable sources and at the youngest possible age.

From a market point of view, these results have to be treated as outliers, but it must be said that it’s encouraging news that there is resurgent demand for First Growth Bordeaux.

 

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