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Romanee-Conti With Cros Parantoux Leads Christie’s Sale

Henri Jayer's Vosne-Romanee Premier Cru 2001
Ten bottles of Henri Jayer's Vosne-Romanee Premier Cru 2001 from his Cros Parantoux vineyard in Burgundy went on sale with a top estimate of HK$380,000 ($49,000) at a Christie's International Plc auction in Hong Kong on Aug. 31. They fetched HK$427,000 ($55,100). Source: Christies Images 2013 Ltd. via Bloomberg.

Three magnums of Romanee-Conti 1969 Domaine de la Romanee Conti fetched HK$427,000 ($55,100) at a Christie’s International Plc auction in Hong Kong, matching the estimate, as Burgundy accounted for four of the top five lots.

Ten bottles of Henri Jayer’s Vosne-Romanee Premier Cru 2001 Cros Parantoux also sold for the same amount at the auction on Aug. 31, while a case of Petrus 1989 from Bordeaux’s Pomerol region went for HK$317,200, according to a Christie’s statement.

The auction came 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. While the index edged up in August after four straight months of declines, investor appetite at auctions has been driven primarily by older Burgundy vintages while demand for Bordeaux has been inconsistent.

Bordeaux first growths “provided much of the impetus for the market’s decline” seen earlier in the summer, Liv-ex said in a recent market commentary, and in a separate note described left-bank Bordeaux growers as “out of fashion” while noting that in other regions “the wine market is thriving.”

Other leading Burgundies in the sale included three bottles of Romanee-Conti Grand Cru 2003, which fetched HK$317,200, two bottles of the same producer’s 2007 vintage, which sold for HK$158,600 and eight bottles of Montrachet Grand Cru 1990, which attained HK$268,400.


Top Bordeaux in the auction included a case of Petrus 1989, which sold for HK$317,200, and 12 bottles of the same producer’s 1990 vintage, which fetched HK$292,800. A three-bottle lot of Chateau Cheval Blanc 1947 Saint-Emilion sold for HK$268,400, according to the Christie’s online results.

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. 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.

The sale, with 97 percent of the lots sold by value and 96 percent by lots, raised a total of HK$29.8 million.

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.

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


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 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 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 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


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 17:        Sotheby’s, London                     $2.09 mln


Aug. 31:        Christie’s, Hong Kong                 $3.84 mln

Muse highlights include Martin Gayford on art, Guy Collins on wine, Jeffrey Burke on books and Amanda Gordon’s Scene Last Night.

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