Bloomberg News

Romanee-Conti Leads Bonhams Hong Kong Wine Auction

November 23, 2012

1988 Romanee-Conti

A case of Romanee-Conti 1988 Domaine de la Romanee-Conti fetched HK$1.05 million ($135,100) in a Hong Kong auction. The Bonhams auction on Nov. 21 followed sales in the city by Zachys and Acker, Merrall & Condit earlier this month, with the three events fetching a total of $14 million. Source: Bonhams via Bloomberg

A case of Romanee-Conti 1988 Domaine de la Romanee-Conti fetched HK$1.05 million ($135,100) and six bottles of the 1995 sold for HK$511,700 as the Burgundy vintner swept seven of the top eight lots at a Bonhams Hong Kong sale.

The Bonhams auction on Nov. 21 followed sales in the city by Zachys and Acker, Merrall & Condit earlier this month, with the three events raising a total of $14 million.

The focus of Chinese investors has switched to rarer Burgundy vintages from top Bordeaux wines as collectors seek greater variation for their cellars. Three bottles of 2005 Romanee-Conti brought a record HK$541,200 at the Acker sale.

“Burgundy’s been very strong,” John Kapon, Acker’s chief executive officer, said in a telephone interview from New York. “DRC catches a lot of the headlines. It’s a big chunk of the Burgundy market by itself.”

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 (BID:US), 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. 18:      Christie’s, Hospices de Beaune       $7.53 mln
Nov. 17:      Sotheby’s, New York                  $1.41 mln
Nov. 17:      Zachys, Hong Kong                    $6.25 mln
Nov. 16:      Christie’s, New York                 $1.98 mln
Nov. 16/17:   Zachys, Hong Kong                    $6.25 mln
Nov. 14:      Acker, Merrall & Condit, New York    $4.10 mln
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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