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.
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 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