Petrus Leads Sotheby’s London Auction With Romanee-Conti

Chateau Petrus from Bordeaux’s Pomerol region accounted for eight of the top 10 lots at a Sotheby’s wine auction in London yesterday as 12 bottles of the estate’s 1982 vintage sold for 37,600 pounds ($59,050).

A case of Petrus 1990 fetched 28,200 pounds and 12 bottles of its 1998 vintage reached 21,150 pounds, according to e-mailed results from Sotheby’s. The sale totaled 1.76 million pounds, its highest figure for a London wine auction this year.

The sale came after a two-magnum lot of Petrus 1961 topped a Sotheby’s auction in New York Dec. 6, selling for $79,625. Prices in the Bordeaux market are showing signs of recovery after a slump from their 2011 peak and the Liv-ex Fine Wine 100 Index has stabilized since August after a 16-month decline.

“Bordeaux prices remained solid,” Stephen Mould, head of Sotheby’s European wine department, said in an e-mail about the results. Top Burgundy from growers including Domaine de la Romanee-Conti, Armand Rousseau and Georges Roumier “continues to command high prices,” he said.

A single magnum of Romanee-Conti 2005 DRC sold for 19,975 pounds while two six-bottle lots of Petrus 2000 fetched 15,275 each and six bottles of the 2000 vintage from neighboring Le Pin sold for 12,925 pounds.

Before it's here, it's on the Bloomberg Terminal.