Three magnums of Romanee-Conti Grand Cru 1969 and 10 bottles of Henri Jayer’s Vosne-Romanee Premier Cru 2001 Cros Parantoux are among top Burgundies up for sale at a Christie’s International Plc auction in Hong Kong this month.
The Romanee-Conti magnums carry a top estimate of HK$450,000 ($58,000) and the Cros Parantoux HK$380,000, while a 12-bottle case of La Tache Grand Cru 2005 is priced to fetch as much as HK$300,000, according to Christie’s online catalog.
The auction on Aug. 31 comes as the Liv-ex Fine Wine 50 Index of top Bordeaux vintages has risen 4 percent this year, with a drop since mid-March erasing half of its gain of 8 percent in the first 10 weeks of the year. As the index heads for its fifth straight month of declines, investor appetite at auctions has been driven by older Burgundy vintages while demand for Bordeaux has been inconsistent.
“Bordeaux may not be back in fashion with buyers just yet, but it would seem that beyond the Gironde, the wine market is thriving,” the Liv-ex wine exchange wrote in its market commentary blog this week.
Other leading Burgundies in the sale include three bottles of Romanee-Conti Grand Cru 2003 estimated to fetch as much as HK$300,000, two bottles of the same producer’s 2007 vintage with a top estimate of HK$160,000 and eight bottles of Montrachet Grand Cru 1990 priced to sell for as much as HK$280,000.
Top Bordeaux in the auction include a case each of Chateau Petrus Pomerol from the 1990 and 1989 vintages, estimated to sell for as much as HK$350,000 and HK$280,000 respectively, and a three-bottle lot of Chateau Cheval Blanc 1947 Saint-Emilion, with a top estimate of HK$300,000, according to the Christie’s catalog.
The Romanee-Conti vineyard in Vosne-Romanee is slightly smaller than 2 hectares (5 acres) and has its own appellation as a Burgundy grand cru wine. The rarity of its wines regularly makes them the highest-priced lots at auctions.
Jayer’s Cros Parantoux, from a 2.5-acre premier cru vineyard that was an artichoke field in World War II, has also acquired trophy status, with a case of the 1985 vintage fetching as much as HK$2.06 million at a Christie’s sale in Hong Kong in February 2012. Jayer, who died in 2006, has become one of Burgundy’s most sought-after wine-makers.
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.
AUGUST: Aug. 31: Christie’s, Hong Kong SEPTEMBER: Sept. 7: Acker Merrall & Condit, New York Sept. 7: Sotheby’s, Hong Kong Sept. 7: Zachys, Hong Kong Sept. 12: Christie’s, London Sept. 12: Bonhams, London Sept. 13/14: Acker Merrall & Condit, Hong Kong Sept. 14: Bonhams, San Francisco Sept. 18: Sotheby’s, London Sept. 20/21: Sotheby’s, New York Sept. 19/20: Zachys, New York Sept. 21: Hart Davis Hart, Chicago Sept. 26: Christie’s, Shanghai OCTOBER: Oct. 4/5: Sotheby’s, Hong Kong Oct. 5: Acker Merrall & Condit, New York Oct. 11: Christie’s, New York Oct. 23: Sotheby’s, London Oct. 24: Bonhams, London Oct. 24: Christie’s, London Oct. 25/26: Acker Merrall & Condit, Hong Kong Oct. 26: Hart Davis Hart, Chicago NOVEMBER: Nov. 7/8: Christie’s, London Nov. 13: Christie’s, Geneva Nov. 13: Sotheby’s, London Nov. 21: Acker Merrall & Condit, New York Nov. 21: Bonhams, Hong Kong Nov. 23 Christie’s, Hong Kong Nov. 23: Bonhams, San Francisco DECEMBER: Dec. 7: Christie’s, New York Dec. 7: Hart Davis Hart, Chicago Dec. 11: Sotheby’s, London Dec. 12: Bonhams, London Dec. 12/13: Christie’s, London Dec. 13/14 Acker Merrall & Condit, Hong Kong Dec. 18: Acker Merrall & Condit, New York