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La Tache 1990 to Lead Hart Chicago Auction With Petrus

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Chateau Haut Brion 1982 Bordeaux
Chateau Haut Brion 1982 Bordeaux on sale at an Acker Merrall & Condit wine auction in New York. Source: Acker Merrall & Condit via Bloomberg

April 27 (Bloomberg) -- A case of La Tache 1990 Domaine de la Romanee-Conti from Burgundy is among leading lots at a Hart Davis Hart Wine Co. auction in Chicago next month, along with a 12-bottle DRC 1978 Assortment and a case of Chateau Petrus 1990.

The La Tache carries an upper estimate of $55,000 while the DRC Assortment is priced at as much as $45,000 and the Petrus may go under the hammer for as much as $38,000, according to an e-mail from the auction house.

Demand from investors 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 a 31-month low. The gauge fell in the first three weeks of April after posting four straight monthly gains, as investors focused on the pricing of the new Bordeaux 2012 vintage coming to market and how that will effect older wines already trading.

“The first growths were very reasonable on the 2012s,” said William Grey, a manager at the Wine Investment Fund in London. “When prices are released, people look at back vintages.”

The fund, which has about $50 million under management, is focused on top Bordeaux producers and vintages and doesn’t buy in the futures market.

The Hart sale includes 126 lots of Chateau Mouton-Rothschild, 104 lots of Chateau Lafite-Rothschild, 75 lots of Chateau Margaux and 63 lots of Chateau Haut Brion.

Domaine Ponsot

Other top lots in the Hart sale include 12 bottles of Clos de la Roche Vieilles Vignes Domaine Ponsot 1985 Burgundy, which carries a top estimate of $38,000, a case of Chateau Lafite-Rothschild 1982 Pauillac with a $35,000 price tag and two cases of Richebourg DRC 1990 Burgundy being sold separately, one from the 1990 vintage and one from 1966.

Acker Merrall & Condit is holding a sale in New York today, where leading Burgundies include a three-bottle lot of Romanee-Conti 1999 DRC estimated at as much as $45,000 and six magnums of La Tache 2001 priced to fetch as much as $35,000, part of a group of lots featuring magnums from the region, according to Acker’s online auction catalog.

Top Bordeaux lots in the Acker sale include six bottles of Petrus 2005 priced to fetch as much as $20,000, a case of Chateau Haut Brion 1982 with an upper estimate of $9,000 and 12 bottles of Chateau Latour 1990 with a top estimate of $8,500.

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 27:        Sotheby’s, New York
April 27:        Acker Merrall & Condit, New York

MAY:

May 2:           Christie’s, London
May 14:          Christie’s, Geneva
May 18:          Bonhams, San Francisco
May 18:          Hart Davis Hart, Chicago
May 22:          Sotheby’s, London
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

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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