May 2 (Bloomberg) -- Two cases of Chateau Petrus 1982 from Bordeaux’s Pomerol district sold for 44,650 pounds ($75,450) each to an Asian buyer at a Sotheby’s wine auction in London, matching the pre-sale estimate and making them top lots.
A magnum of Petrus 1947 fetched 19,975 pounds from a European private buyer in the auction on April 30, beating estimates. Two cases of Chateau Lafite Rothschild from the 1982 vintage also made it into the top five lots, one selling for 22,325 pounds and the other 18,800 pounds, Sotheby’s said in an e-mailed statement.
The auction’s focus on older vintages of top-label wines came as the sales campaign for the 2013 Bordeaux vintage was drawing to a close amid price cuts by leading producers. The Liv-ex 50 Index of top Bordeaux wines has fallen for eight consecutive months.
“Buyers came from four continents and 22 percent of lots sold to online bidders,” Serena Sutcliffe, worldwide head of Sotheby’s Wine Department, said in the statement.
The auction fetched a total 1.40 million pounds, according to Sotheby’s, with 80.8 percent sold by lot and 87.1 percent by value, its lowest sell-through rate in London since December.
Other leading lots included three bottles of Romanee Conti 1988 Domaine de la Romanee Conti Burgundy, which sold for 17,625, six bottles of Le Pin 2010 Pomerol, which fetched 10,810 pounds, and a three-liter jeroboam of Hermitage La Chapelle 1978 Paul Jaboulet Aine from the Rhone, which sold for 8,460 pounds, beating estimates.
To contact the reporter on this story: Guy Collins in London at firstname.lastname@example.org
To contact the editors responsible for this story: Paul Sillitoe at email@example.com Robert Valpuesta, David Risser