Petrus '82 Fetches Almost $3,000 a Bottle at Sotheby's Auctionby
Latour '82, Lafite '96 in demand as Bordeaux leads top lots
Chateau Mouton Rothschild 2000 also features in London sale
Six bottles of 1982 Petrus from the Pomerol region of Bordeaux fetched 12,338 pounds ($17,600) at a Sotheby’s wine sale in London this week, according to an e-mailed statement from the auction house.
The price, paid by an Asian bidder, fell short of the upper estimate of 15,000 pounds for the lot. Two six-bottle lots of the same estate’s 1998 and 2005 wine sold for 10,575 pounds each.
The sale came as the fine wine market is showing signs of stabilizing after a 40 percent plunge in prices of many Bordeaux first growths. The London-based Liv-ex Fine Wine 50 Index of top Bordeaux fell just 0.7 percent last year, bottoming out after five straight annual declines, as wines from the region competed with other areas including Burgundy and Italy.
“We kicked off the New Year with top prices for Bordeaux, and strong results for other regions,” especially grand cru white Burgundy and the Rhone, Stephen Mould, head of Sotheby’s Wine Europe, said in the statement.
Ten bottles of Chateau Latour 1982 sold for 10,340 pounds while a 12-bottle case of Chateau Lafite Rothschild 1996 fetched 6,463 pounds and six bottles of Chateau Mouton Rothschild 2000 went for 5,405 pounds.
Six bottles of Lafite from the 2000 vintage sold for 5,170 pounds and 12 bottles of the same estate’s 1998 wine fetched 4,700 pounds.
Sotheby’s is holding another sale in Hong Kong this weekend and has its next London auction scheduled for Feb. 24.