Hart’s Chicago Auction Spans Decades With Burgundies

Source: Hart Davis Hart via Bloomberg.

A case of Henri Jayer 1990 Vosne-Romanee Cros Parantoux Burgundy sold for $113,525 at a Hart Davis Hart auction in Chicago. Close

A case of Henri Jayer 1990 Vosne-Romanee Cros Parantoux Burgundy sold for $113,525 at a... Read More

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Source: Hart Davis Hart via Bloomberg.

A case of Henri Jayer 1990 Vosne-Romanee Cros Parantoux Burgundy sold for $113,525 at a Hart Davis Hart auction in Chicago.

Romanee-Conti wines from the 1990s and earlier will be among leading lots at a Hart Davis Hart Wine Co. auction in Chicago this month devoted to Burgundy, as demand for the region’s top producers drives the broader market.

The sale on March 23 will include 175 lots of Domaine de la Romanee-Conti spanning 33 vintages from 1966 onwards, including three bottles of 1999 Romanee-Conti DRC estimated to fetch as much as $35,000 and another three-bottle lot of the 1991 vintage with a top estimate of $32,000. A 10-bottle lot of La Tache DRC spanning the first decade of this century may fetch as much as $28,000, according to the auction house.

Wine prices have revived over the past four months after the London-based Liv-ex Fine Wine 50 Index slumped in November to its lowest level since March 2010. It has rallied 10 percent since then, including 2.9 percent in February, and in January advanced 3.5 percent, its biggest monthly gain for two years.

“Burgundy is certainly making waves across the world and in no small part due to fragmented ownership and very small production volumes,” Peter Lunzer, founder of Lunzer Wine Investments in London, said in his February market report.

“Recent demand for top Burgundy producers far exceeds supply,” Lunzer said. He helps manage wine investment and trading accounts worth $34 million.

Henri Jayer

The Hart sale also contains 52 lots of wines from Henri Jayer, including a bottle of 1985 Richebourg carrying a top estimate of $14,000 and two bottles of 1985 Vosne-Romanee Cros Parantoux estimated at as much as $12,000.

Jayer died in 2006 and has become one of Burgundy’s most sought-after wine-makers. At a Hart auction in February, 12 bottles of Jayer’s 1990 Cros Parantoux sold for $113,525.

Acker Merrall & Condit sales are scheduled in Hong Kong and New York later this month, while Christie’s has a London auction.

Here is a list of global wine auctions scheduled so far this year. Dates may be subject to revision, and links are to auction house sale catalogs and websites.

MARCH:

March 21:        Christie’s, London
March 22/23:     Acker Merrall & Condit, Hong Kong
March 23:        Hart Davis Hart, Chicago
March 27:        Acker Merrall & Condit, New York

APRIL:

April 3:         Acker Merrall & Condit, New York
April 3/4:       Sotheby’s, Hong Kong
April 12:        Christie’s, New York
April 17:        Sotheby’s, London
April 23:        Christie’s, Amsterdam
April 25/26:     Zachys, New York
April 26/27:     Sotheby’s, New York
April 27:        Acker Merrall & Condit, New York

MAY:

May 2:           Christie’s, London
May 14:          Christie’s, Geneva
May 15:          Sotheby’s, London
May 18:          Hart Davis Hart, Chicago
May 23:          Bonhams, Hong Kong
May 24:          Christie’s, New York
May 24:          Christie’s, Hong Kong
May 24/25:       Acker, Merrall & Condit, Hong Kong
May 24/25:       Zachys, Hong Kong
May 29:          Acker Merrall & Condit, New York

JUNE:

June 6:          Christie’s, London
June 8:          Sotheby’s, New York
June 12:         Sotheby’s, London
June 13/14:      Zachys, New York
June 28:         Christie’s, Paris
June 29:         Acker Merrall & Condit, New York
June 29:         Hart Davis Hart, Chicago

JULY:

July 10:         Sotheby’s, London

SEPTEMBER:

Sept. 7:         Acker Merrall & Condit, New York
Sept. 11:        Sotheby’s, London
Sept. 21:        Hart Davis Hart, Chicago
Sept. 27/28:     Acker Merrall & Condit, Hong Kong

OCTOBER:

Oct. 23:         Sotheby’s, London
Oct. 26:         Hart Davis Hart, Chicago

NOVEMBER:

Nov. 13:         Sotheby’s, London
Nov. 20/22:      Bonhams, Hong Kong

DECEMBER:

Dec. 7:          Hart Davis Hart, Chicago
Dec. 13:         Sotheby’s, London

To contact the reporter on the story: Guy Collins in London on guycollins@bloomberg.net

To contact the editor responsible for this story: Mark Beech at mbeech@bloomberg.net

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