Corton-Charlemagne White Wine on Sale at Hart, Christie’s

Corton-Charlemagne white wines from the past 20 years are among Burgundies leading auctions by Christie’s International Plc and Hart Davis Hart Wine Co. this month and next, according to their online catalogs.

A 12-bottle lot of Corton-Charlemagne Coche-Dury 2005 carries an upper estimate of $28,000 at Hart’s Chicago sale today, while older vintages of Corton-Charlemagne Bonneau de Martray dating from 1990, 1992 and 1997 feature in mixed lots at a Christie’s auction in Amsterdam next month.

White Burgundies have benefited from increased investor demand for wines from the region in the past four months, as the London-based Liv-ex Fine Wine 50 Index has rallied 11 percent since November. Bordeaux vintages, which were sold off during the 16-month market slump starting in July 2011, have started to recover again this year.

“The fine wine market has entered a period of rising prices,” Chris Smith, investment manager at the Wine Investment Fund in London, said in a market commentary this month. Gains on Liv-ex this year “allay our concerns that the upturn which began in December may have been mostly seasonal,” he said.

The fund, which has about $50 million under management, is focused on Bordeaux, partly because the larger wine production from that region’s estates makes them easier to trade.

Source: Sotheby's via Bloomberg

Montrachet 1993 Domaine de la Romanee-Conti Burgundy sold at a Sotheby's auction in London. Close

Montrachet 1993 Domaine de la Romanee-Conti Burgundy sold at a Sotheby's auction in London.

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Source: Sotheby's via Bloomberg

Montrachet 1993 Domaine de la Romanee-Conti Burgundy sold at a Sotheby's auction in London.

Among prominent white Burgundy lots in recent auctions, six bottles of Montrachet 1993 Domaine de la Romanee-Conti Grand Cru Burgundy fetched top price at a Sotheby’s (BID) sale in London last month, selling for 21,150 pounds ($32,060).

Today’s Hart sale also contains 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.

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 23:        Acker Merrall & Condit, Hong Kong
March 23:        Hart Davis Hart, Chicago

APRIL:

April 3:         Acker Merrall & Condit, New York
April 3/4:       Sotheby’s, Hong Kong
April 13:        Sotheby’s, London
April 16:        Christie’s, New York online
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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