• Romanee Conti 1999 DRC sells for close to $15,000 a bottle
  • Jayer Echezeaux features in auction ahead of Chinese New Year

Twelve bottles of assorted 1990 wines from the Domaine de la Romanee Conti grand cru vineyards behind the Burgundy village of Vosne Romanee fetched HK$370,500 ($47,600) at an Acker Merrall & Condit auction in Hong Kong this month.

Three bottles of Romanee Conti 1999 DRC from the single vineyard at the heart of the domaine sold for HK$345,800, equivalent to almost $15,000 a bottle, while 12 bottles of “Henri Jayer for Georges” Echezeaux 1996 from the Jayer vineyards in the same area sold for HK$271,700, according to an e-mailed statement from Acker.

Top vintages of Burgundy labels including Romanee Conti and Jayer have been driving the market for historic wines in recent years as Bordeaux prices have declined and collectors turn their attentions to other regions including California and Northern Italy.

The Romanee Conti vineyard in Burgundy.
The Romanee Conti vineyard in Burgundy.
Source: Guy Collins/Bloomberg.

“Chinese collectors were aggressive and came to play,” Acker Chief Executive Officer John Kapon said in the statement on the Jan. 23 sale. “We couldn’t have asked for a better beginning to 2016.”

Acker boosted its global wine sales, including online auctions, by 12 percent to $69.3 million last year. The U.S. accounted for $35.7 million and Hong Kong $33.6 million, according to provisional data from the company.

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