Romanee Conti ’99 Leads Bonhams Wine Auctions With Petrus 2010by
Lafite Vertical Spanning 21 Vintages Sells for $12,000
Older Vintages of Latour, Margaux From 1990s Also Find Buyers
Romanee Conti 1999 Burgundy and Petrus and Le Pin wines from the Bordeaux 2010 vintage were among leading lots sold at Bonhams auctions in London and San Francisco in the past two weeks as demand for top producers from classic regions remained strong.
Six bottles of Romanee Conti 1999 Domaine de la Romanee Conti fetched 65,800 pounds ($95,530) at a London sale on May 26, while in San Francisco six bottles of Petrus 2010 sold for $16,800, four bottles of La Tache 2010 DRC fetched $9,000 and three bottles of Le Pin 2010 sold for $8,400 on May 28, according to an e-mailed statement from Bonhams and results posted on its website.
Top vintages of Burgundy labels including Romanee Conti have been driving the market for historic wines in recent years as Bordeaux prices have dropped. While a recent rally in Bordeaux prices is showing some rebound of buyer appetite, demand for prestigious Burgundies remains particularly strong. The Liv-ex Fine Wine 100 Index has risen for the past six months, its longest run of monthly gains since March 2011.
“Generally we view the market as very positive,” Andrew della Casa, founding director of The Wine Investment Fund, wrote in a commentary on the broader wine investment market e-mailed May 18. “The indices are now pointing firmly in the right direction.”
A 21-bottle collection of Chateau Lafite Rothschild spanning the years from 1990 to 2010 sold for $12,000 in the California auction while 18 bottles and two magnums of Chateau Latour from years between 1990 and 2009 fetched $11,760.
Eighteen bottles and one magnum of Chateau Margaux from the years 1990 to 2008 sold for $7,800, according to the Bonhams statement.
Among other top lots in the San Francisco sale, 12 bottles of Chateau Latour 2010 sold for $11,400 and another dozen for $10,800, while six bottles of La Tache 2011 fetched $9,600. Six bottles and four magnums of Chateau Margaux 2005 fetched $7,800.
One lot comprising 22 bottles and one magnum of Chateau Haut Brion from the years 1990 to 2012 failed to sell in San Francisco, as did a 39-bottle lot of Chateau Mouton Rothschild from the years 1970 to 2008.
In London there was demand for more recent vintages, with four 12-bottle lots of Mouton Rothschild 2011 each selling for 2,820 pounds, according to Bonhams.