Hospices sale realises £12.6m

The Hospices de Beaune sale realised over £12 million this weekend, with Bâtard-Montrachet setting new high price paid for a barrel of wine at the sale.

The 158th edition of the sale took place over the weekend of 17-18 November at the famous 15th century hospital in Beaune.

The sale achieved €14.1m (£12.6m/US$16.1m) in total with 631 barrels of red and 197 barrels of white sold.

The average price for a barrel of red was €15,486 and €21,212 for white with the average price for all barrels being €16,850, a rise of 19% compared to 2017.

A barrel of Bâtard-Montrachet Grand Cru ‘Cuvée Dames de Flandres’ was the auction’s top-selling lot at €135,000 while the charity barrels (which are counted separately to the rest of the results) of Corton Clos du Roi and Meursault premier cru ‘Les Genevrières’ went for €230,000 – acquired by Anima Vinum in Brazil and Albert Bichot and a Canadian client.

François Poher, director of the Hospices de Beaune commented: “On 10 November 1918, the Hospices de Beaune wine sale broke all records, encouraged by the peace celebration but also thanks to a remarkable harvest in quantity and quality. A century later, the sale reached new records.

“Every day, the hospitals of the Hospices de Beaune are thriving to achieve excellence. This is based on more than five centuries of commitment of women and men in favour of this important cause. The result of this sale will give us the possibility to invest for the patients and to innovate.”

Agathe de Saint Céran, specialist in charge of the Beaune sale and Jasper Morris MW consultant for Christie’s, said: “The 2018 edition of the Hospices de Beaune sale, best performance in the history of this charity sale, went beyond our expectations. Our collaboration with Ludivine Griveau has been a great success and we have witnessed, this year again, the birth of this beautiful vintage in reds and whites.

“These wines were greatly received by the generous international wine lovers and professionals who support this charity sale. This year, 69% of the barrels were acquired by the négociants and 31% by private buyers (by value) coming from Europe (38.3%), Asia (55%), and the United States of America (6.7%).”

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