Romanee-Conti ’99 Leads Acker Sale With Screaming Eagle

Source: Acker Merrall & Condit via Bloomberg

A case of Chateau Lafite-Rothschild 1982 Pauillac fetched $36,900 at an Acker Merrall & Condit wine auction in New York Sept. 7. Close

A case of Chateau Lafite-Rothschild 1982 Pauillac fetched $36,900 at an Acker Merrall &... Read More

Close
Open
Source: Acker Merrall & Condit via Bloomberg

A case of Chateau Lafite-Rothschild 1982 Pauillac fetched $36,900 at an Acker Merrall & Condit wine auction in New York Sept. 7.

An assorted case of 1999 Domaine de la Romanee-Conti fetched $46,740 at an Acker Merrall & Condit wine sale in New York this month, matching the auction house’s estimate, as Burgundy accounted for three of the top five lots.

Two half-cases of La Tache DRC 2008 sold for $29,520 and an assorted case of Domaine de la Romanee-Conti 2000 went for $27,060, according to an Acker statement on the Sept. 7 sale.

The demand for older Burgundy vintages at auction is in contrast to the muted appetite in recent months for Bordeaux wines, although that is now showing some signs of revival. The Liv-ex Fine Wine 50 Index of top Bordeaux vintages has risen 4 percent this year, paring the decline since the peak of the market in June 2011 to 29 percent.

“The slowdown’s already happened,” Tom Gearing, director of Cult Wines Ltd., a wine-investment company based in Richmond, England, said in an interview on Bloomberg Television’s “The Pulse” with Guy Johnson. “There was a slowdown from midway through 2011 which found a bottom in the market at the end of 2012.”

Other leading lots in the Acker sale included 18 bottles of Napa Valley producer Screaming Eagle spanning the years from 1992 to 2010, which sold for $39,360, and a case of Chateau Lafite-Rothschild 1982 Pauillac, which fetched $36,900.

Photographer: Marcus Tullis/Acker Merrall & Condit via Bloomberg

An assorted case of 1999 Domaine de la Romanee Conti fetched $46,740 at an Acker Merrall & Condit wine auction in New York on Sept. 7. Close

An assorted case of 1999 Domaine de la Romanee Conti fetched $46,740 at an Acker... Read More

Close
Open
Photographer: Marcus Tullis/Acker Merrall & Condit via Bloomberg

An assorted case of 1999 Domaine de la Romanee Conti fetched $46,740 at an Acker Merrall & Condit wine auction in New York on Sept. 7.

Vintage Petrus

Pomerol producer Petrus also featured among the top 10 lots, with a six-liter imperial of Petrus 2005 selling for $24,600, a case of the 1996 vintage fetching $19,680 and six bottles of the 2000 selling for $18,450.

Petrus, Screaming Eagle and Romanee-Conti are all vineyards with small production, adding a rarity premium to the price of their wines. The Romanee-Conti vineyard in Vosne-Romanee is slightly smaller than 2 hectares (5 acres) and has its own appellation as a Burgundy grand cru wine.

The Acker auction, with more than 95 percent of lots sold, raised a total of $3.15 million.

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
June 29:        Acker Merrall & Condit, Hamptons      $3.40 mln
June 28/29:     Hart Davis Hart, Chicago              $4.75 mln

JULY:

July 17:        Sotheby’s, London                     $2.09 mln

AUGUST:

Aug. 31:        Christie’s, Hong Kong                 $3.84 mln

SEPTEMBER:

Sept. 7:        Sotheby’s, Hong Kong                  $4.51 mln
Sept. 7:        Acker Merrall & Condit, New York      $3.15 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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.