Nov. 9 (Bloomberg) -- Moet & Chandon Champagne from vintages back to 1914 goes on sale at a Sotheby’s wine auction in London this week along with La Tache 2009 Domaine de la Romanee Conti Burgundy and Le Pin 1990 Pomerol from Bordeaux.
Bottles of Moet spanning the years from 2004 back to the start of World War I are estimated to fetch more than 100,000 pounds ($160,000) in total, and include 174 magnums and three jeroboams, according to Sotheby’s. Three two-bottle lots of 1914 Champagne are each priced at as much as 6,000 pounds.
The auction marks the 270th anniversary of Moet & Chandon, which is now part of LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company. While the auction comes as the Liv-ex Fine Wine 50 Index has given up gains made in the first 10 weeks of the year, after investors deterred by prices of recent Bordeaux wines diversified outside the region, there are signs of broader wine-market activity.
“The market may seem quiet, but we’ve had our busiest August, September and October ever,” said Joss Fowler, Director of Fine Wine at London broker Fine+Rare.
A case of La Tache 2009 DRC Burgundy is estimated to fetch as much 32,000 pounds, making it potentially the most expensive lot in the auction, while 12 bottles of Le Pin 1990 from the Pomerol estate may sell for as much as 26,000 pounds, according to Sotheby’s.
The sale also includes two six-bottle lots of Chateau Gruaud Larose, from Bordeaux’s Saint-Julien district, which were on a ship wrecked in 1872 in Indonesian waters and discovered in 1991. While the catalog describes them as of unknown vintage, Sotheby’s said in an e-mail they are believed to be from either 1869 or 1865, and have been reconditioned at the estate with new labels, corks and capsules. Each lot is priced at as much as 2,200 pounds.
Here is a list of global wine auctions scheduled so far for the rest of this year. Dates may be subject to revision, and links are to auction house sale catalogs and websites.
NOVEMBER: Nov. 9: Sotheby’s, New York Nov. 12/13: Christie’s, Geneva Nov. 13/14: Sotheby’s, London Nov. 15: Christie’s, New York Nov. 21: Acker Merrall & Condit, New York Nov. 21: Bonhams, Hong Kong Nov. 22/24: Christie’s, Hong Kong Nov. 23: Bonhams, San Francisco Nov. 23: Zachys, Hong Kong DECEMBER: Dec. 5: Bonhams, London Dec. 6: Christie’s, Paris Dec. 6: Hart Davis Hart, Chicago Dec. 6/7: Zachys, New York Dec. 7: Christie’s, New York Dec. 7: Sotheby’s, New York Dec. 10/11: Sotheby’s, London Dec. 12/13: Christie’s, London Dec. 13/14 Acker Merrall & Condit, Hong Kong Dec. 18: Acker Merrall & Condit, New York
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