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Richebourg Case at $34,300 Leads Burgundies at Zachys

Source: Zachys via Bloomberg.

A 12-bottle lot of Musigny Maison Leroy 1985 fetched $26,950 at a Zachys sale in New York this month. Close

A 12-bottle lot of Musigny Maison Leroy 1985 fetched $26,950 at a Zachys sale in New York this month.

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Source: Zachys via Bloomberg.

A 12-bottle lot of Musigny Maison Leroy 1985 fetched $26,950 at a Zachys sale in New York this month.

A case of Richebourg 1985 Domaine de la Romanee-Conti fetched $34,300 at a Zachys sale in New York this month as Burgundy wines including Musigny and Chambertin accounted for four of the top five lots.

A 12-bottle lot of Musigny Maison Leroy 1985 fetched $26,950, a case of Musigny J.F. Mugnier 1993 sold for $23,275 and the same quantity of Chambertin Clos de Beze Armand Rousseau 1993 attracted a winning bid of $20,825, according to a statement from Zachys after the two-day sale ended June 14.

Demand for vintage Burgundies has underpinned the market this year as appetite remains muted for Bordeaux. The Liv-ex Fine Wine 50 Index has dropped 3 percent since mid-March, after four months of gains, as the sales campaign for 2012 Bordeaux wine futures weighed on the broader wine market.

“Even though demand is relatively subdued at present, prices appear to have bottomed out,” William Beck, partner of London-based Wine Asset Managers LLP, which has $20 million under management, said in a market analysis this month.

Among top Bordeaux in the sale by Zachys, a 10-bottle lot of Chateau Petrus 1982 Pomerol sold for $36,750 while six bottles of the same grower’s 2005 wine fetched $18,375. The auction raised a total of $3.56 million.

Source: Zachys via Bloomberg.

A case of Richebourg 1985 Domaine de la Romanee-Conti sold for $34,300 at a Zachys sale in New York this month. Close

A case of Richebourg 1985 Domaine de la Romanee-Conti sold for $34,300 at a Zachys sale... Read More

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Source: Zachys via Bloomberg.

A case of Richebourg 1985 Domaine de la Romanee-Conti sold for $34,300 at a Zachys sale in New York this month.

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
May 17/18:      Hart Davis Hart, Chicago              $6.42 mln
May 22:         Acker Merrall & Condit, New York      $2.22 mln
May 22:         Sotheby’s, London                     $1.31 mln
May 24/25:      Zachys, Hong Kong                     $5.73 mln
May 25:         Christie’s, Hong Kong                 $6.32 mln
May 30:         Christie’s, New York                  $0.71 mln
May 31:         Christie’s, New York                  $1.93 mln


JUNE:

May 31/June 1:  Acker, Merrall & Condit, Hong Kong    $5.91 mln
June 6:         Christie’s, London                    $1.85 mln
June 13/14:     Zachys, New York                      $3.56 mln

To contact the reporter on this 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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