Montrachet 1973 Leads Sotheby's Auction of Stott Burgundy

Bottles Of Clos De La Roche Cuvee Vieilles Vignes 1980 Domaine
12 bottles of Clos de la Roche Cuvee Vieilles Vignes 1980 Domaine Ponsot sold for $52,063. Source: Sotheby's via Bloomberg

A 12-bottle case of Montrachet 1973 Domaine de la Romanee-Conti Burgundy sold for $58,188 at a Sotheby’s auction in New York this month, making it top lot in a sale focusing on rare Burgundies from the cellar of collector Don Stott.

A dozen Bonnes Mares 1971 Domaine Georges Roumier fetched $55,125 while 12 bottles of Clos de la Roche Cuvee Vieilles Vignes 1980 Domaine Ponsot sold for $52,063, according to an e-mail from Sothebys.

The auction came amid collector appetite for historic rare Burgundies, even as demand for top Bordeaux produced in larger quantities has become more volatile. The sale raised $8.41 million at an average bottle price of $994, with leading growers including Domaine Armand Rousseau averaging $2,766 a bottle, Domaine Georges Roumier $1,918 and Henri Jayer Richebourg $11,805, according to Sotheby’s.

“The top lots were dominated by a variety of older vintages from some of the region’s most famous producers,” Duncan Sterling, Sotheby’s head of New York wine auctions, said in an e-mailed statement. “American collectors were the driving force, buying 83 percent of the sale.”

Two three-bottle lots of Jayer Vosne-Romanee Cros Parantoux, one from the 1993 vintage and one from 1999, each sold for $36,750, while among more historic vintages three bottles of Vosne-Romanee Les Gaudichots 1929 Domaine de la Romanee-Conti sold for $52,063 to an Asian private collector.

Stott, a New York financier and philanthropist, put the collection together over half a century, with Burgundy representing 56 percent of bottles in the two-day sale ended May 9 and 71 percent of the total raised.

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