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Montrachet Ramonet ’85 Tops Bonhams U.S. Sale With Mouton

Bottles of Italian wine producer Gaja, including Sori San Lorenzo, on sale at a Bonhams auction in San Francisco July 27. The sale also includes wines from Bordeaux, Burgundy and California. Source: Bonhams via Bloomberg.
Bottles of Italian wine producer Gaja, including Sori San Lorenzo, on sale at a Bonhams auction in San Francisco July 27. The sale also includes wines from Bordeaux, Burgundy and California. Source: Bonhams via Bloomberg.

Aug. 3 (Bloomberg) -- Six bottles of Montrachet Ramonet 1985 Burgundy sold for $13,090 and a case of Chateau Mouton-Rothschild 1982 Bordeaux fetched $11,900 at a Bonhams auction in San Francisco amid demand from collectors for historic vintages.

The sale, held on July 27 and simulcast to Los Angeles and New York, raised a total of $843,020, with 91 percent of lots sold, according to the auction house. The Montrachet and Mouton lots went to bids matching their presale estimate.

Appetite for rare Burgundies has driven auctions in recent months as collectors and investors focused more on wines from the region. That’s after demand dropped in 2012 for Bordeaux, which had fueled a bull market during the previous two years.

“Burgundy has done well, both red and white” Richard Harvey, International Director of Bonhams wine department in London, said by telephone. “It’s always sold well in the U.S. Last week’s sale in California was good.”

Rare Burgundies featured a 12-bottle mixed lot of Meursault from producer Pierre Morey, including eight bottles of his Perrieres 1986, which sold for $1,904, beating the auction house’s presale estimate.

Among older Bordeaux, a case of Chateau Latour 1966 fetched $4,760, below its estimate, while Italian wines in the auction included six bottles of Barbaresco Sori San Lorenzo Gaja, which fetched $1,309, matching their estimate.

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. It fell 2 percent in the second quarter, and declined a further 1 percent during July, after a 7 percent gain in the first three months.

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
JULY:

July 17:        Sotheby’s, London                     $2.09 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 guycollins@bloomberg.net

To contact the editor responsible for this story: Mark Beech at mbeech@bloomberg.net

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