Fine & Rare sells £80k Bordeaux collection11th April, 2013 by Rupert Millar
Fine & Rare has sold its collection of 2010 Bordeaux featuring all 62 châteaux in the 1855 classification.
Costing £79,500 in bond, the collection was bought by a European client this week the fine wine merchant told the drinks business.
Sales director, Jamie Graham, told db that the sale showed there was still a big appetite for Bordeaux and one that had increased since the start of the year.
“There’s a big appetite for Bordeaux and particularly from as great a vintage as 2010,” he said.
“We’ve seen a lot more action this year, Bordeaux is back in favour. Selling a complete 1855 collection is a great sign.”
Although concerns over the ability of 2010 to appreciate were brought up again recently following Robert Parker’s in-bottle scores, Graham thought that to own a collection like the 1855 would prove invaluable to its owner.
“In five years time when the vintage has become physical and been traded around a bit it’ll be virtually impossible to put together a collection like this,” he continued.
“The buyer of this will be able to sell it at a premium.”
He added that in the medium to long term the buyer could be looking to make 10% on his investment.
The collection features a case from each of the 62 estates, classed first to fifth, that were included in the 1855 classification.
Fine & Rare first put the horizontal together for the 2009 vintage, priced at £81,150 the merchant apparently sold six of them and is hoping to repeat the trick this year.
Graham confirmed that the sales team were “talking to interested parties” about further collections.
“We sold six 2009 collections,” he said. “indicates there’s a regular demand for these sorts of things.”