Burgundy’s auction success continues

Acker Merrall & Condit’s New York season was off to a flying start last weekend with Burgundy, once again, proving the standout seller as the US grows stronger.

Acker DRC Although Burgundy and in particular Domaine de la Romanée-Conti dominated, Acker did note that Bordeaux “continues to rejuvenate as collectors replenish their cellars” and that Pétrus, Mouton and Lafite sold strongly.

California and Italy were also strong contenders in the top lots.

The leading lot was an own wooden case of assorted 1999 from DRC, which sold for US$46,740.

Overall the auction was 95% sold by volume and made $3.15 million.

CEO, John Kapon, said: “This was a great kickoff to our fall auction season. It wasn’t just the usual suspects that drew all the excitement, either. It’s becoming redundant to say that Burgundy is in high demand, but I’ll say it again.

“There just aren’t enough of the top wines to go around. Saturday’s auction also proved that there is more to the market than just Bordeaux and Burgundy, with everything on offer drawing significant interest. We also saw increased demand domestically, with almost 80% of all lots staying put in the USA, more than usual.

“The American market is getting stronger, we’ll see what China has to say this coming weekend. It looks to be an exciting fall season for the fine wine market.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Regional Account Manager

Scotland, UK

Retail Assistant Manager

The Whisky Exchange

Retail Supervisor

The Whisky Exchange

Retail Sales Advisor

The Whisky Exchange

Retail Manager

Friarwood Fine Wines
SW London, UK

Assistant Manager

Seven Cellars
Brighton, UK

Key Account Manager

MMI Dubai
Dubai, UAE

Head of Supply Chain

Lanson International UK Ltd
London W1, UK

National Account Executive

Home Based working in Central Belt. Glasgow/Edinburgh, UK

Prowein 2018

18th Mar 2018

The City Wine Show

London,United Kingdom
13th Apr 2018

Prosecco Springs

London,United Kingdom
26th Apr 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more