Bloomberg News

Lafite 1982 Leads Sotheby’s Wine Sale With Romanee-Conti

November 17, 2012

Chateau Lafite-Rothschild 1982

Six magnums of Chateau Lafite-Rothschild 1982 sold for a total of 37,600 pounds ($59,800) including fees to an Asian buyer at a Sotheby's London sale. Source: Sotheby's via Bloomberg.

Chateau Lafite-Rothschild 1982 was the top lot at Sotheby’s (BID:US) London wine sale this week, with mixed collections of Romanee-Conti 1999 and 2001 and half-cases of La Tache 2005 Domaine de la Romanee-Conti accounting for the next six highest, Sotheby’s said in an e-mailed news release.

Six magnums of Chateau Lafite-Rothschild 1982 sold for a total of 37,600 pounds ($59,800), including fees, to an Asian buyer, more than the top estimate of 28,000 pounds, according to Sotheby’s. A dozen mixed bottles of Domaine de la Romanee-Conti 1999 sold for record 37,600 pounds to a U.K. private buyer. An Asian client paid 19,975 pounds for a similar assorted case of DRC 2001, both more than the estimate before the Nov. 14 sale.

The auction came as investor attention has switched to rarer Burgundy vintages from top Bordeaux wines, which are available in greater quantities. The global financial crisis has cooled demand for Medoc first-growths, while collectors remain ready to bid aggressively on the smaller amounts of Burgundies available.

A sale by Christie’s International Plc in Geneva on Nov. 14 featured as top lot a 92-bottle vertical collection of Chateau d’Yquem dessert wine, which sold for 230,000 Swiss francs ($243,000) to an Asian private buyer, according to Christie’s.

Following are auction results this year from the five biggest houses: New York-based Acker Merrall & Condit Company Inc., Christie’s, based in London, Sotheby’s, with its headquarters in New York, Hart Davis Hart Wine Co. of Chicago and Zachys in White Plains, New York. Internet-only auctions aren’t included.

Links on auction-house names are to results or catalogs on their websites, while those on city names are to post-sale statements where available.

NOVEMBER:

Nov. 14:      Christie’s, Geneva                   $3.88 mln
Nov. 14:      Sotheby’s, London                    $1.42 mln
Nov. 9/10:    Acker, Merrall & Condit, Hong Kong   $6.04 mln
Nov. 8:       Christie’s, London                   $1.92 mln
Nov. 6/7:     Christie’s, Amsterdam                $1.50 mln

OCTOBER:

Oct. 27:      Hart Davis Hart, Chicago             $3.67 mln
Oct. 27:      Sotheby’s, New York                  $2.70 mln
Oct. 26/27:   Zachys, New York                     $4.74 mln
Oct. 24:      Sotheby’s, London                    $2.32 mln
Oct. 20:      Acker, Merrall & Condit, New York    $2.50 mln
Oct. 18:      Christie’s, London                   $0.79 mln
Oct. 13:      Zachys, Hong Kong                    $6.35 mln
Oct. 12:      Christie’s, New York                 $1.50 mln
Oct. 5/6:     Sotheby’s, Hong Kong                 $9.49 mln

SEPTEMBER:

Sept. 28:     Christie’s, Paris                    $2.39 mln
Sept. 27/28:  Zachys, New York                     $5.25 mln
Sept. 21/22:  Acker Merrall & Condit, Hong Kong    $7.97 mln
Sept. 15:     Sotheby’s, New York                  $2.95 mln
Sept. 15:     Hart Davis Hart, Chicago             $3.45 mln
Sept. 12:     Sotheby’s, London                    $2.19 mln
Sept. 8:      Christie’s, Hong Kong                $5.46 mln
Sept. 8:      Acker Merrall & Condit, New York     $3.20 mln
Sept. 7/8:    Zachys, Hong Kong                    $6.69 mln
Sept. 6:      Christie’s, London                   $2.01 mln

JUNE

June 26:      Christie’s, Paris                    $1.22 mln
June 23:      Acker Merrall & Condit, Hamptons     $3.67 mln
June 22/23:   Hart Davis Hart, Chicago             $4.30 mln
June 22/23:   Zachys, Los Angeles                  $3.53 mln
June 16:      Christie’s, Hong Kong                $2.16 mln
June 15:      Christie’s, New York                 $0.70 mln
June 13/14:   Sotheby’s, London                    $2.58 mln
June 9:       Acker Merrall & Condit, Chicago      $2.20 mln
June 7:       Zachys, New York                     $2.49 mln
June 7:       Christie’s, London                   $1.22 mln

MAY

May 30:       Christie’s, Amsterdam                $1.36 mln
May 25/26:    Zachys, Hong Kong                    $7.42 mln
May 26:       Christie’s, Hong Kong                $2.61 mln
May 25/26:    Acker Merrall & Condit, Hong Kong    $9.14 mln
May 19:       Acker Merrall & Condit, New York     $2.62 mln
May 15:       Christie’s, Geneva                   $2.83 mln
May 12:       Sotheby’s, New York                  $2.77 mln
May 12:       Christie’s, New York                 $1.67 mln
May 11/12:    Hart Davis Hart, Chicago             $3.70 mln
May 10:       Christie’s, London                   $1.61 mln

APRIL:

Apr. 28:      Sotheby’s, New York                  $2.96 mln
Apr. 26/27:   Zachys, New York                     $3.93 mln
Apr. 21:      Christie’s, Hong Kong                $4.22 mln
Apr. 21:      Acker Merrall & Condit, New York     $3.60 mln
Apr. 18:      Sotheby’s, London                    $1.30 mln
Apr. 13:      Christie’s, New York                 $2.38 mln
Apr. 1:       Sotheby’s, Hong Kong                 $5.61 mln

MARCH:

March 31:     Sotheby’s, Hong Kong                 $2.58 mln
March 30/31:  Acker Merrall & Condit, Hong Kong    $7.51 mln
March 29/31:  Zachys, New York                     $4.60 mln
March 24:     Hart Davis Hart, Chicago             $3.99 mln
March 22:     Christie’s, Paris                    $1.50 mln
March 21:     Sotheby’s, London                    $4.38 mln
March 8:      Christie’s, London.                  $2.00 mln
March 3:      Acker Merrall & Condit, New York     $3.77 mln

FEBRUARY:

Feb. 25:      Sotheby’s, New York                  $2.24 mln
Feb. 23/24:   Zachys, San Francisco                $4.62 mln
Feb. 23:      Christie’s, London                   $1.37 mln
Feb. 22:      Sotheby’s, London                    $1.64 mln
Feb. 10:      Christie’s, Hong Kong                $8.51 mln
Feb. 4:       Hart Davis Hart, Chicago             $3.48 mln

JANUARY:

Jan. 28:      Acker Merrall & Condit, Chicago      $1.85 mln
Jan. 25:      Sotheby’s, London                    $2.52 mln
Jan. 25:      Christie’s, New York                 $1.18 mln
Jan. 14:      Sotheby’s, Hong Kong                 $5.67 mln
Jan. 13/14:   Acker Merrall & Condit, Hong Kong    $8.61 mln
Jan. 7:       Zachys, Hong Kong                    $4.46 mln

To contact the reporter on the story: Guy Collins in London on guycollins@bloomberg.net

To contact the editor responsible for this story: Mark Beech at mbeech@bloomberg.net


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Companies Mentioned

  • BID
    (Sotheby's)
    • $36.2 USD
    • -1.34
    • -3.7%
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