April 20 (Bloomberg) -- A case of Cros Parantoux 1989 Vosne-Romanee Burgundy from Henri Jayer sold for 35,250 pounds ($53,880) at Sotheby’s in London this week, while a nine-bottle lot from vintages back to 1988 took top price of 39,950 pounds.
A six-bottle lot of Cros Parantoux 1999 Jayer also sold for 21,150 pounds as the Burgundian vintner accounted for four of the top five lots in the April 17 sale, according to Sotheby’s.
The London-based Liv-ex Fine Wine 50 Index has rallied 10 percent since November, when it fell to its lowest level since March 2010. A 0.3 percent gain in March, following a 2.9 percent increase in February, was its fourth straight advance.
“Bordeaux and Burgundy achieved high prices, as one would expect, but there was also fierce competition for wines from Spain, Italy, Australia and other regions,” Stephen Mould, head of Sotheby’s European wine department, said in an e-mailed note.
Jayer died in 2006 and has become one of Burgundy’s most sought-after wine-makers. At a Hart Davis Hart Wine Co. auction in Chicago in February, a case of Jayer’s 1990 Cros Parantoux sold for $113,525.
A six-magnum lot of Chateau Petrus 1990 fetched 30,550 pounds and a 12-bottle case of Chateau Lafite-Rothschild 1982 went for 21,150 pounds, according to Sotheby’s.
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
To contact the reporter on this story: Guy Collins in London on email@example.com
To contact the editor responsible for this story: Mark Beech at firstname.lastname@example.org