Sixty-six magnums of Chateau Mouton-Rothschild spanning the period from 1945 to 2008 fetched 257,400 Swiss francs ($266,000) at a Christie’s International Plc wine auction in Geneva this week which raised $3.96 million.
The collection of magnums from the Pauillac first-growth estate included one from each of the 64 vintages and two each from 1978 and 1993. Other lots included a case of Vosne-Romanee Cros Parantoux 2000 Henri Jayer, which sold for 64,350 francs, and 12 bottles of Le Pin 1989 Pomerol, which fetched $46,800.
An 11 percent gain in the four months to mid-March on the Liv-ex Fine Wine 50 Index has been followed by a 3 percent decline since then as investors have focused on the pricing of Bordeaux 2012 wine futures. The index on the London-based market is still up 5 percent since the start of this year.
Last month “the fine wine market saw a pause in its recovery as it waited for, and then reacted to, the latest en primeur releases from Bordeaux,” The Wine Investment Fund said in its monthly report. The London-based fund invests in Bordeaux and has about $50 million under management.
Three magnums of Cros Parantoux 1995 Henri Jayer sold for 37,440 francs at the Christie’s auction, while a Domaine de la Romanee-Conti assortment case from each of the years 1985 and 1996 sold for 35,100 francs and 30,420 francs respectively, according to Christie’s online auction results.
Following is a table of major wine auctions held so far this year, with the total sold. Links are to auction websites or results statements.
JANUARY: Jan. 11/12: Zachys, Hong Kong $4.65 mln Jan. 25/26: Acker, Merrall & Condit, Hong Kong $6.82 mln Jan. 30: Sotheby’s, London $2.22 mln FEBRUARY: Feb. 2: Hart Davis Hart, Chicago $4.40 mln Feb. 21: Christie’s, London $1.47 mln Feb. 23: Acker, Merrall & Condit, New York £3.10 mln Feb. 23: Sotheby’s, New York $1.46 mln Feb. 27: Sotheby’s, London $1.04 mln MARCH: March 7/8: Zachys, New York $5.81 mln March 14: Christie’s, New York $1.37 mln March 15/16: Christie’s, Hong Kong $6.19 mln March 21: Christie’s, London $1.22 mln March 22/23: Acker Merrall & Condit, Hong Kong $4.93 mln March 23: Hart Davis Hart, Chicago $4.42 mln APRIL: April 3: Acker Merrall & Condit, New York $2.30 mln April 3/4: Sotheby’s, Hong Kong $8.86 mln April 17: Sotheby’s, London $2.06 mln April 23: Christie’s, Amsterdam $1.23 mln April 25/26: Zachys, New York $4.13 mln April 26/27: Sotheby’s, New York $2.60 mln April 27: Acker Merrall & Condit, New York $2.48 mln MAY: May 2: Christie’s, London $1.93 mln May 14: Christie’s, Geneva $3.96 mln
To contact the reporter on this story: Guy Collins in London on firstname.lastname@example.org
To contact the editor responsible for this story: Mark Beech at email@example.com