June 17 (Bloomberg) -- Domaine de la Romanee-Conti 1990 Burgundy and Chateau Lafite Rothschild 1982 Bordeaux led a $2.67 million wine sale by Heritage Auctions in California, with Chateau Mouton Rothschild also prominent in the bidding.
An 11-bottle assortment of Domaine de la Romanee-Conti 1990 fetched $39,650 at the June 13 sale in Beverly Hills, while a case of Lafite 1982 fetched $26,840, according to e-mailed results from Heritage.
“People are buying to drink,” Frank Martell, director of fine and rare wines at Heritage, said in a phone interview. “This is consumption-led buying.”
The auction included Bordeaux from the 2009 and 2010 vintages, as well as older wines, as collectors focus on rarer Medocs and older vintages from regions such as Burgundy and northern Italy after a muted sales campaign for Bordeaux 2013 wines released in April. The Liv-ex 50 Index of top Bordeaux is heading for a 10th straight month of declines, on concern that prices for recent vintages are too high.
A case of Mouton Rothschild 2000 from the Pauillac appellation north of Bordeaux fetched $18,910 and two similar lots sold for $17,080 each, according to Heritage.
A six-magnum lot of Chateau Latour 2009 fetched $14,640 while a similar six-magnum case of Chateau Ausone 2005 Saint-Emilion fetched $14,030.
Among older wines, a case of Romanee St. Vivant 1995 from the Vosne-Romanee district of Cote de Nuits sold for $12,200 and a single bottle of Romanee-Conti 1978 DRC fetched $10,980.
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 David Risser, James Kraus