Petrus '89 Leads Sotheby's Auction With Cote Rotie, Cheval Blancby
Seven Bottles of Latour 1961 among historic wines on sale
Cheval Blanc '47 vintage featured among older lots at auction
Six magnums of Chateau Petrus 1989 from Pomerol sold for 30,550 pounds ($45,500) at a Sotheby’s wine auction in London this week, switching the focus back to Bordeaux after a New York sale earlier this month featuring rare Italian, Burgundy and Rhone bottles.
A three-bottle lot of Saint Emilion producer Cheval Blanc’s 1947 vintage sold for 17,625 pounds while seven bottles of Chateau Latour 1961 fetched 16,450 pounds. The sale, ended Dec. 17, totaled 2.52 million 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 fallen 33 percent in the past five years, though the market has leveled off as demand revived at lower prices.
This week’s London sale also featured 12 bottles of Chateau Lafite 1982, which sold for 17,625 pounds, and a dozen bottles of Cote Rotie La Mouline 1978 Guigal from the Rhone, which fetched 22,325 pounds.