French auction sees third-price Petrus sold

25th July, 2014 by Neal Baker

Wine-buyers the world over will be green with envy at the news of a small northern French auction-house selling top vintage wines at slashed prices.

The five Bordeaux first growths

Described by some as “the sale of the century”, it took place in the northern French port of Boulogne-sur-Mer, where local newspaper La Voix Du Nord described bidders as “salivating” as the lots were presented.

Names like Château d’Yquem, Petrus and Château Mouton Rothschild were the kind of quality clarets on offer, along with vintage Burgundies like 1963 Richebourg.

It is thought that some of the lots were bottles seized in bank foreclosures or presented by local wine lovers also took the opportunity convert their collections to quick cash.

It was a bidder described only as “the man in a white polo shirt” who stole the show at the sale, as he secured the biggest bargain of the day paying just over €800 (just £635) plus a 14% commission for not one but two bottles of 1973 Petrus.

Boulogne-Sur-Mer in northern France

Boulogne-sur-Mer in northern France

With an average price of around £950 per bottle, or £1900 for a pair, it means that the “man in the white polo” managed to save himself nearly £1500, paying little over a third of normal prices.

One gentleman, named only as Sebastian is quoted outlining his humble intentions for his knock-down vintages: “I like cooking and then I buy wine at auction, it is the opportunity to get great wines at a third of the commercial price. I open them with my friends,” he said, as he completed the purchase of several lots of Saint-Julien.

While they are likely to have been vetted for counterfeits, it is equally unlikely that the bottles were checked as thoroughly as wines offered by major auction houses.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Job vacancies

ON-TRADE Sales Executive

Roberson Wine
London, UK

OFF-TRADE Sales Executive

Roberson Wine
London, UK

Judging Week Runners

Decanter World Wine Awards
ExCel Centre, London E16, UK

Sales Administrator

Les Caves de Pyrène
Guildford, UK

Retail Commercial Executive

Laithwaite's Wine
Theale, Berkshire

Wine Buyer

Conviviality Plc
Crewe, UK

Sales Account Manager - On-Trade

Berkmann Wine Cellars
Liverpool

Sales Account Manager - On-Trade

Berkmann Wine Cellars
M3/M4 corridor

Media Sales Manager - Hong Kong

The Drinks Business Hong Kong
Hong Kong

Regional Account Manager

New Generation McKinley
London, UK

Experienced Sales Account Manager – On Trade

Cantina Goccia
London and the south, UK

National Sales Manager – Premium Drinks

Core Recruitment
London based with national travel

Wine Trainee

Stone, Vine & Sun
Twyford, near Winchester, Hampshire

The Global Merlot Masters 2017

Deadline : 24th February 2017

The Prosecco Masters 2017

Deadline : 10th March 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 3rd March 2017

Click to view more

The Global Sparkling Masters

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

The Global Rosé Masters 2016

the drinks business is proud to announce the launch of the Global Rosé Masters 2016.

The Prosecco Masters 2016

Now in its third year, the competition will reflect the growth in popularity of this fresh and exciting sparkling wine from the picturesque regions of Veneto and Friuli.

The Global Pinot Noir Masters 2016

After the success of last year’s competition that judged over 250 wines from no less than 16 countries, the drinks business is proud to announce the third year of the Global Pinot Noir Masters

Click to view more