Burgundy reigns in NY and HK

Burgundy topped the results at Acker Merrall & Condit’s New York sale and Christie’s Hong Kong auction last week.

drcAt Acker Merrall’s sale it was wines from the commune of Vosne-Romanée which attracted the most interest.

Cases of 2009 Liger-Belair la Romanée, an assortment of 1996 Domaine de la Romanée-Conti and six bottles of 1996 Henri Jayer Cros Parantoux tied for first place at US$29,520 apiece, while a three bottle case of 2004 Romanée-Conti went for $27,060.

There was also strong bidding for the Spanish and Italian lots, a clear example, said Acker Merrall, of the “ongoing diversification occurring in the marketplace.”

CEO, John Kapon, said: “The 2013 auction market remains healthy, with collectors worldwide continuing to seek out Burgundy and Bordeaux’s great winemakers and vineyards. Another important trend this year is that both older and recent vintages are being sought after by clients worldwide.

“Our next Hong Kong auction is only a week away. We are thrilled to be celebrating our 5th Anniversary auction and have packed the sale accordingly with some superb collections.”

Meanwhile, in Hong Kong four Methuselahs of 1983 DRC went for HK$976,000 at Christie’s sale.

Six bottles of DRC Romanée-Conti 1997 (HK$854,000), six again of Henri Jayer Echézeaux 1978 (HK$854,000) and another six-pack of DRC Romanée-Conti 1999 (HK$793,000) cemented Burgundy’s domination of the results charts.

The other big seller last week (at both auctions) was Pétrus, four cases of the 1982 were in the top lots at the Christie’s sale – at over HK$500,000 each they easily passed their top estimates of HK$350,000.

Simon Tam, Christie’s China head of wine, said: “These results illustrate the wine market‘s continuing demand for Bordeaux and investible grades of wines from all over the world.

“Our auction was well-received by providing in-depth knowledge of this dynamic market and appropriate estimates, which resulted in over 96% of the wine selling within and above its estimate range. In addition, wine collectors enjoyed the added appeal of ̳Perfect Pairings‘, pairing recommendations that match a broad range of fine wine to Asian cuisine styles.”

 

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