Asia bidders still wooed by Burgundy

Christie’s last sale of fine and rare wines saw a seven-bottle collection of 2005 Domaine de la Romanée-Conti (DRC)  sell well above its high estimate as demand for mature Burgundy continues.

A sure sell… Hong Kong’s demand for top Burgundy still high

Featuring the private collection of Esteemed Connoisseur Mr Yap Chee Meng, Christie’s recent auction demonstrated that Asia’s market still has a thirst for top Burgundy.

DRC claimed the highest-priced lots – a seven-bottle collection from the 2005 vintage fetched HK$269,500, well above its HK$220,000 high estimate.

Interestingly, there were murmurings of other regions getting a look in as six bottles of E Guigal Côte Rôtie La Mouline 1978 went for HK$232,750, versus its high estimate of HK$180,000.

Simon Tam, head of Christie’s China wine department, said that ex-cellar lots of top Rhône wines and Chablis from Domaine Laroche are becoming increasingly attractive for Asia bidders looking for good vintages that are drinking now.

“Collectors were especially keen to acquire vintages aged and ready for drinking and enjoyment.

“As wine aficionados in Asia mature in their taste palates, buying has also expanded beyond traditional reds to other classic regions by the likes of the Loire Valley and beyond.”