Auction house Sotheby’s is to offer the “best of the best” at its next Hong Kong auction next month with over 200 lots of the world’s finest wines up for grabs.
A run of small harvests, strong demand for the top names and soaring vineyard prices is changing the shape of Burgundy’s entire wine model.
The small Burgundy harvests in 2012 and 2013 have contributed to a slump in the region’s Asian markets, but the appetite remains undimmed.
With more foreign investors gaining a toe-hold in Burgundy and tough vintages hitting producers, the region’s vignerons are mulling what the future holds.
US auction house Hart Davis Hart is hoping to see out the year in style with a sale it hopes will net between US$4-$7 million.
Sotheby’s New York sale featuring the collection of entrepreneur James Clark made over US$2.5 million last weekend.
The 154th Hospices de Beaune charity wine auction realised sales of €8.9 million ($11.1m) over the weekend – the highest total since it began in 1859.
The obligatory Burgundy tasting out of the way, it’s been cakes, Jura and ship-spotting in Hong Kong of late.
Burgundy’s wine bureau has hailed the 2014 vintage as “very promising indeed”, although it warned “good yields” would not be enough to replenish stocks.
California’s Harlan and Screaming Eagle wines achieved huge premiums on their estimates, setting new records at Wally’s and Crush auctions in New York last week.
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