Mouton '45 With Cheval Blanc '47 on Sale at Sotheby's in LondonBy
Seven Bottles of Latour 1961 among historic wines on sale
Yquem vintages on offer at auction date back as far as 1921
Historic Bordeaux wines including Chateau Mouton Rothschild 1945 and Cheval Blanc 1947 go on sale at Sotheby’s in London this week, switching the focus back to the region after a New York sale earlier this month featuring rare Italian, Burgundy and Rhone bottles from collector Don Stott.
The top wines include a bottle of Mouton ’45, estimated to fetch as much as 4,000 pounds ($6,085), and a three-bottle lot of Saint Emilion producer Cheval Blanc’s ’47 vintage, priced at up to 15,000 pounds. Seven bottles of Latour 1961 carry a top estimate of 13,500 pounds, while a magnum of the same wine is priced at up to 5,000 pounds.
Collector interest in historic bottles remains buoyant even as prices have declined for younger wines from top Bordeaux producers. The Liv-ex Fine Wine 50 Index, tracking the most recent physically available vintages from five top Bordeaux growers, has dropped 33 percent in the past five years, although the market has now leveled off as demand has revived at lower price levels.
This week’s London sale also features a range of historic Chateau d’Yquem Sauternes dessert wines, including bottles from 1921, 1928 and 1929. Twelve bottles of its 1967 vintage are estimated at as much as 9,500 pounds.
In New York, five magnums of 1970 Barolo Riserva, Monfortino from Italian grower Giacomo Conterno fetched $39,200, as did each of three lots from Burgundy, comprising one jeroboam of 1980 Chambertin Armand Rousseau, two magnums of 1988 Bonnes Mares Vieilles Vignes Domaine Georges Roumier and four bottles of 1971 Musigny Domaine Georges Roumier, according to a Sotheby’s e-mailed statement. All beat pre-sale estimates.
The two-day auction ending Dec. 5, the second part of a sale featuring Stott’s collection, took the total value of wine sold from his cellar to $13.5 million. It came as collector appetite has focused increasingly on wines with reliable provenance, and as investors have diversified into rare or historic bottles from regions outside of Bordeaux.
“Clients chased the rarest Burgundy, Rhone and Italian wines, all collected by Don,” Duncan Sterling, senior international specialist at Sotheby’s Wine, was cited as saying in the statement. Bidders “pushed prices to record levels.”
Some 77 percent of buyers at the U.S. sale were from North America, with 14 percent from Asia, 8 percent from Europe and the rest from elsewhere, according to Sotheby’s. The auction house said the event brought its New York sales total to $26 million for this year, it’s third-highest total.