July 13 (Bloomberg) -- Wine auctions by Chicago-based Hart Davis Hart Wine Co. rose 30 percent to $20 million in the first half of this year as demand persisted for top Bordeaux and Burgundy wines as well as rare Champagne.
A case of Chateau Lafite-Rothschild 1982 took the top slot at its most recent auction at the end of June, selling for $32,000, while a case of Dom Perignon Oenotheque 1969 Champagne fetched $24,000, according to a statement from Hart.
The sale raised a total $4.75 million as Hart rounded off its first-half auction season. The auction came as the Liv-ex Fine Wine 50 Index, a barometer of Bordeaux prices in the wider market, has risen 4 percent this year.
“I’m seeing good strength, better than we’ve seen in some time,” Paul Hart, the auctioneer’s chief executive officer, said by telephone from Chicago.
Other leading lots in the sale included 11 bottles of Clos de la Roche, Vieilles Vignes, Domaine Ponsot Burgundy which sold for $28,000 and 10 bottles of Barolo Riserva 1978 Monfortino Giacomo Conterno, which fetched $22,705.
Hart said that investor demand was buoyant in places such as Hong Kong, Brazil and the U.S.
“We spend quite a lot of time in Brazil, and that market is very strong,” he said.
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
Top arts and lifestyle stories: MUSE <GO>. Top wine market stories: TOP WINE <GO>. Dine & Deal reviews: TOP BDD <GO>. Restaurant search: DINE <GO>. Wine news: NI WINE <GO> Wine auction news: NI WINEAUC <GO> Wine market news: NI WINEMARKET <GO> Top Spain news: TOP ESP <GO> Sotheby’s auctions BID US <Equity> TCNI AUCTION <GO>. Christie’s auctions CHRS LN <Equity> TCNI AUCTION <GO>. London art auction news search: STNI LONDONART <GO>. Art reviews: TNI ART REVIEWS <GO>. More wine and spirit reviews: NI WINEREV <GO>. Top stories: TOP <GO>. Top financial news: TOP FIN <GO>.
To contact the reporter on this story: Guy Collins in London on firstname.lastname@example.org
To contact the editor responsible for this story: Mark Beech at email@example.com