Margaux ’90 With Lafite Billed to Lead Christie’s Sale
Six bottles of Chateau Lafite-Rothschild 1982 are priced at as much as 13,000 euros ($17,000) and a case of Chateau Margaux 1990 has a top estimate of 10,000 euros at a Christie’s International Plc wine sale in Amsterdam.
A 12-bottle case of Lafite 1982 sold for 28,750 pounds ($44,100) including hammer price, at Bonhams in London this month. Other lots in the Christie’s sale, scheduled for April 23, from the same Bordeaux producers include a case of Margaux 1982 with a top price of 7,500 euros and 12 bottles of Lafite 1993, estimated to reach as much as 7,000 euros. A case of Chateau Cheval-Blanc 1982 is priced at as much as 7,500 euros.
Renewed investor appetite for Bordeaux after two price slumps in the past five years has boosted the London-based Liv-ex Fine Wine 50 Index by 10 percent since November, when it touched its lowest level since March 2010. A 0.3 percent gain in March was its fourth straight increase and followed a February advance of 2.9 percent.
“We believe we are at the start of a recovery period,” said William Grey, a manager at the Wine Investment Fund in London. The fund, which has about $50 million under management, is focused on top Bordeaux producers and vintages.
Among historic lots in the sale, three bottles of Cheval Blanc 1949 Saint-Emilion reconditioned and relabeled at the chateau in 1999 carry a top estimate of 6,000 euros while eight bottles of Echezeaux 1966 Burgundy are priced to reach as much as 5,500 euros. A four-bottle lot of Chambertin Domaine Armand Rousseau Burgundy spanning the years 1987 to 1990 is priced at as much as 5,200 euros.
Here is a list of global wine auctions scheduled so far this year. Dates may be subject to revision, and links are to auction house sale catalogs and websites.
APRIL: April 16: Christie’s, New York online April 17: Sotheby’s, London April 23: Christie’s, Amsterdam April 25/26: Zachys, New York April 26/27: Sotheby’s, New York April 27: Acker Merrall & Condit, New York MAY: May 2: Christie’s, London May 14: Christie’s, Geneva May 15: Sotheby’s, London May 18: Bonhams, San Francisco May 18: Hart Davis Hart, Chicago May 23: Bonhams, Hong Kong May 23: Bonhams, London May 24/25: Christie’s, Hong Kong May 24/25: Zachys, Hong Kong May 29: Acker Merrall & Condit, New York May 30/31: Christie’s, New York May 31: Acker, Merrall & Condit, Hong Kong JUNE: June 1: Acker, Merrall & Condit, Hong Kong June 6: Christie’s, London June 8: Sotheby’s, New York June 12: Sotheby’s, London June 28: Christie’s, Paris June 29: Acker Merrall & Condit, New York June 29: Hart Davis Hart, Chicago JULY: July 11: Bonhams, London July 17: Sotheby’s, London July 27: Bonhams, San Francisco SEPTEMBER: Sept. 7: Acker Merrall & Condit, New York Sept. 11: Sotheby’s, London Sept. 12: Bonhams, London Sept. 14: Bonhams, San Francisco Sept. 21: Hart Davis Hart, Chicago Sept. 27/28: Acker Merrall & Condit, Hong Kong OCTOBER: Oct. 24: Bonhams, London Oct. 26: Hart Davis Hart, Chicago NOVEMBER: Nov. 20/22: Bonhams, Hong Kong DECEMBER: Dec. 7: Hart Davis Hart, Chicago Dec. 12: Bonhams, London
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