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Margaux ’90 With Lafite Billed to Lead Christie’s Sale

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Double magnum of Chateau Cheval Blanc 1947 Bordeaux
A double magnum of Chateau Cheval Blanc 1947 Bordeaux going on sale at a Sotheby's auction in New York in April 2013. Source: Sotheby's via Bloomberg.

April 13 (Bloomberg) -- Six bottles of Chateau Lafite-Rothschild 1982 are priced at as much as 13,000 euros ($17,000) and a case of Chateau Margaux 1990 has a top estimate of 10,000 euros at a Christie’s International Plc wine sale in Amsterdam.

A 12-bottle case of Lafite 1982 sold for 28,750 pounds ($44,100) including hammer price, at Bonhams in London this month. Other lots in the Christie’s sale, scheduled for April 23, from the same Bordeaux producers include a case of Margaux 1982 with a top price of 7,500 euros and 12 bottles of Lafite 1993, estimated to reach as much as 7,000 euros. A case of Chateau Cheval-Blanc 1982 is priced at as much as 7,500 euros.

Renewed investor appetite for Bordeaux after two price slumps in the past five years has boosted the London-based Liv-ex Fine Wine 50 Index by 10 percent since November, when it touched its lowest level since March 2010. A 0.3 percent gain in March was its fourth straight increase and followed a February advance of 2.9 percent.

“We believe we are at the start of a recovery period,” said William Grey, a manager at the Wine Investment Fund in London. The fund, which has about $50 million under management, is focused on top Bordeaux producers and vintages.

Among historic lots in the sale, three bottles of Cheval Blanc 1949 Saint-Emilion reconditioned and relabeled at the chateau in 1999 carry a top estimate of 6,000 euros while eight bottles of Echezeaux 1966 Burgundy are priced to reach as much as 5,500 euros. A four-bottle lot of Chambertin Domaine Armand Rousseau Burgundy spanning the years 1987 to 1990 is priced at as much as 5,200 euros.

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.

APRIL:

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:          Bonhams, San Francisco
May 18:          Hart Davis Hart, Chicago
May 23:          Bonhams, Hong Kong
May 23:          Bonhams, London
May 24/25:       Christie’s, Hong Kong
May 24/25:       Zachys, Hong Kong
May 29:          Acker Merrall & Condit, New York
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 12:         Sotheby’s, London
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. 7:         Acker Merrall & Condit, New York
Sept. 11:        Sotheby’s, London
Sept. 12:        Bonhams, London
Sept. 14:        Bonhams, San Francisco
Sept. 21:        Hart Davis Hart, Chicago
Sept. 27/28:     Acker Merrall & Condit, Hong Kong

OCTOBER:

Oct. 24:         Bonhams, London
Oct. 26:         Hart Davis Hart, Chicago

NOVEMBER:

Nov. 20/22:      Bonhams, Hong Kong

DECEMBER:

Dec. 7:          Hart Davis Hart, Chicago
Dec. 12:         Bonhams, London

Muse highlights include New York and London weekend guides, Lewis Lapham’s podcasts and Jeremy Gerard on U.S. theater.

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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