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
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