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Vogue Musigny Back to ’49 Beats Petrus ’05 at Acker NY

La Tache '88
A case of La Tache '88 Domaine de la Romanee-Conti Burgundy fetched $19,680 at an Acker, Merrall & Condit wine auction in New York Oct. 5. Photographer: Marcus Tullis/Acker, Merrall & Condit via Bloomberg

Oct. 12 (Bloomberg) -- Nineteen bottles of Musigny Vieilles Vignes Comte de Vogue Burgundy back to 1949 took top slot at an Acker Merrall & Condit sale in New York, beating Petrus 2005 and La Tache 1988 Domaine de la Romanee-Conti into second place.

The Musigny, from the years between 1949 and 2004, sold for $20,910 including fees, compared with the presale upper estimate of $20,000, according to data on Acker’s website from the Oct. 5 sale. The lot included bottles from 1966, 1969, 1971 and 1972, which rank among the producer’s six costliest vintages of the past half century, according to merchant prices tracked by the London-based Liv-ex market on its Cellar Watch website.

The demand for rarer Bordeaux and older Burgundy vintages at auction is in contrast to the muted appetite in recent months for more widely-available Bordeaux wines on the investment market. The Liv-ex Fine Wine 50 Index has risen just 1 percent this year, with declines since mid-March, leaving it still down 31 percent since the peak of the market in June 2011.

“Some of the Burgundies are still fetching high prices” amid selling pressure in the broader fine wine market, Chris Smith, an investment manager at The Wine Investment Fund in London, said by telephone. The fund, invested in Bordeaux, manages $50 million.

A case of La Tache ’88 DRC Burgundy and a half-case of Petrus 2005 from Bordeaux’s Pomerol region each fetched $19,680, while 12 bottles of Petrus 1980 sold for $15,990 and a case of Rousseau Chambertin 1988 Burgundy and a dozen bottles of Chateau Mouton-Rothschild 1982 Pauillac each went for $14,760.

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

AUGUST:

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

SEPTEMBER:

Sept. 7:        Sotheby’s, Hong Kong                  $4.51 mln
Sept. 7:        Acker Merrall & Condit, New York      $3.15 mln
Sept. 12:       Christie’s, London                    $2.13 mln
Sept. 13/14:    Acker, Merrall & Condit, Hong Kong    $6.40 mln
Sept. 18:       Sotheby’s, London                     $1.80 mln
Sept. 20/21:    Hart Davis Hart, Chicago              $5.03 mln
Sept. 20/21:    Sotheby’s, New York                   $3.96 mln

OCTOBER:

Oct. 4/5:       Sotheby’s, Hong Kong                 $12.10 mln
Oct. 5:         Acker Merrall & Condit, New York      $2.35 mln

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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