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Romanee-Conti ’99 Assortment Leads Sotheby’s Wine Sale

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Chateau Petrus Vineyard
Chateau Petrus, a wine estate in Bordeaux's Pomerol region, produces some of its most expensive wines. Its vineyards are predominantly planted with merlot grapes. Photographer: Guy Collins/Bloomberg

June 20 (Bloomberg) -- An assorted case of 1999 Domaine de la Romanee-Conti Burgundy sold for 25,850 pounds ($43,950) at a Sotheby’s wine auction in London, making it top lot in a sale also dominated by Bordeaux Pomerol producer Chateau Petrus.

The 1999 DRC assortment was bought by a European private buyer, while a U.K. trade purchaser spent 9,165 pounds on three bottles of La Tache 1990 DRC from a neighboring Vosne-Romanee vineyard in Burgundy’s Cote de Nuits region.

The sale came as collectors have been focusing on older vintages amid declines in prices for recent top Bordeaux wines. The Liv-ex Fine Wine 50 Index of leading Bordeaux producers is heading for a 10th straight month of declines.

The Romanee-Conti lot highlighted “the enduring appeal of great Burgundy,” Stephen Mould, European head of the wine department at Sotheby’s, said in an e-mailed statement, noting also that “mature vintages of Bordeaux were in demand.”

Two six-bottle lots of Petrus 2000 each fetched 14,688 pounds, while three cases of Petrus 1994 sold for 13,513 pounds each, according to Sotheby’s.

Five bottles of Chateau Latour 1961, a first-growth producer in Bordeaux’s 1855 left-bank classification, sold for 9,400 pounds while a 4.5 liter jeroboam of Petrus 1975 fetched 7,285 pounds, Sotheby’s said.

The auction on June 18 totaled 813,000 pounds, with 90.1 percent sold by lot and 93.1 percent by value.

To contact the reporter on this story: Guy Collins in London at guycollins@bloomberg.net

To contact the editors responsible for this story: Paul Sillitoe at psillitoe@bloomberg.net James Kraus

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