A case of Romanee-Conti 1996 Domaine de la Romanee-Conti Burgundy carrying an upper estimate of $40,000 is top lot at Acker Merrall & Condit’s New York auction this week, along with wines from Chateau Petrus and Henri Jayer.
Leading Burgundies include 12 bottles of La Romanee 2009 Comte Liger-Belair, priced by the auction house to fetch as much as $32,000, and three bottles of Romanee-Conti 2004 DRC with a price tag of as much as $30,000 at the sale on May 22.
Investor demand has revived this year after a 17-month price slide which started in July 2011, boosting the Liv-ex Fine Wine 50 Index by 9 percent since November. The index, which fell in April after posting four straight monthly gains, has still risen more than 5 percent since the start of January. The Liv-ex Fine Wine 100 Index, calculated monthly, is up 5.9 percent.
“Secondary market trading softened a little in April following four positive months as focus turned to the release of the 2012 vintage” in Bordeaux, according to a monthly report from London-based Wine Asset Managers LLP, which has $20 million under management. “The downside remains very limited.”
Two half-cases of Petrus 2005 Pomerol are priced at as much as $24,000 each in the Acker sale, while six bottles of Vosne Romanee 1996 Cros Parantoux from Henri Jayer are similarly estimated to fetch as much as $24,000.
At a Sotheby’s (BID) sale in London the same day, eleven lots of 1982 Bordeaux, including eight cases of Chateau Latour and three double magnums of Chateau Petrus, are estimated to fetch as much as 12,000 pounds ($18,600) each.
A single bottle of Romanee-Conti 2005 DRC carries a price tag of as much as 8,000 pounds, while a similar one from 2009 is estimated at as much as 7,500 pounds, according to the Sotheby’s online catalog. Eight cases of Chateau Latour 1996 are estimated at as much as 4,400 pounds each.
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.
MAY: May 18: Bonhams, San Francisco May 18: Hart Davis Hart, Chicago May 22: Acker Merrall & Condit, New York May 22: Sotheby’s, London May 23: Bonhams, Hong Kong May 23: Bonhams, London May 25: Christie’s, Hong Kong May 24/25: Zachys, Hong Kong May 30/31: Christie’s, New York May 31: Acker, Merrall & Condit, Hong Kong JUNE: June 1: Acker, Merrall & Condit, Hong Kong June 6: Christie’s, London June 8: Sotheby’s, New York 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 11: Bonhams, London July 17: Sotheby’s, London July 27: Bonhams, San Francisco SEPTEMBER: Sept. 6/7: Zachys, Hong Kong Sept. 7: Acker Merrall & Condit, New York Sept. 11: Sotheby’s, London Sept. 12: Christie’s, London Sept. 12: Bonhams, London Sept. 13/14: Acker Merrall & Condit, Hong Kong Sept. 14: Bonhams, San Francisco Sept. 21: Hart Davis Hart, Chicago OCTOBER: Oct. 11: Christie’s, New York Oct. 23: Sotheby’s, London Oct. 24: Bonhams, London Oct. 24: Christie’s, London Oct. 26: Hart Davis Hart, Chicago NOVEMBER: Nov. 13: Sotheby’s, London Nov. 23: Bonhams, San Francisco DECEMBER: Dec. 7: Hart Davis Hart, Chicago Dec. 12: Bonhams, London
To contact the editor responsible for this story: Mark Beech at email@example.com