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Petrus 1982 Features With Romanee-Conti 1999 at Acker

January 19, 2013

Chateau Petrus 1961 Pomerol

Three bottles of Chateau Petrus 1961 Pomerol included in Acker Merrall & Condit's January 2013 wine sale in Hong Kong. Source: Acker Merrall & Condit via Bloomberg.

Bordeaux wines including 1982 Chateau Petrus and Burgundies featuring Domaine de la Romanee- Conti vintages from the 1990s are being auctioned this month in Hong Kong by New York-based Acker Merrall & Condit.

A case of Pomerol producer Chateau Petrus 1982 is estimated to fetch as much as HK$480,000 ($61,900) at the auction on Jan. 25 and Jan. 26, while three bottles of the rarer 1961 vintage by the same producer are estimated at as much as HK$240,000.

The sale is taking place just before Chinese New Year in February, when demand is traditionally high. It also comes after wine sales by the biggest auction houses fell 19 percent last year as economic and political uncertainty in China cooled demand for top Bordeaux, at the same time as Chinese collectors were focusing more on Burgundy. The Liv-ex Fine Wine 50 Index of leading Bordeaux wines fell 9.7 percent in 2012.

Among Burgundies in the sale, a six-magnum Domaine de la Romanee-Conti assortment from 1990 may fetch as much as HK$520,000, according to Acker, while a 12-bottle assortment of DRC 1999 may sell for HK$400,000.

Other wines in the sale include individual magnums of Chateau Cheval Blanc from the 1949, 1952 and 1961 vintages.

Sotheby’s (BID:US) also has a London sale at the end of January after its U.K. auction last month, which featured wines from Burgundy producer Henri Jayer.

Following is a list of global wine sales scheduled this year. Dates may be subject to revision, and links are to auction house sale catalogs and websites.

JANUARY:

Jan. 25/26:     Acker, Merrall & Condit, Hong Kong
Jan. 30:        Sotheby’s, London

FEBRUARY:

Feb. 21:        Christie’s, London
Feb. 23:        Acker, Merrall & Condit, New York
Feb. 23:        Sotheby’s, New York
Feb. 27:        Sotheby’s, London

MARCH:

Mar. 1:         Christie’s, New York
Mar. 7/8:       Zachys, New York
Mar. 20:        Sotheby’s, London
Mar. 21:        Christie’s, London
Mar. 22/23:     Acker, Merrall & Condit, Hong Kong
Mar. 27:        Acker, Merrall & Condit, New York

APRIL:

Apr. 3:         Sotheby’s, Hong Kong
Apr. 12:        Christie’s, New York
Apr. 17:        Sotheby’s, London
Apr. 23:        Christie’s, Amsterdam
Apr. 26/27:     Sotheby’s, New York
Apr. 27:        Acker, Merrall & Condit, New York

MAY:

May 2:          Christie’s, London
May 15:         Sotheby’s, London
May 24:         Christie’s, New York
May 24/25:      Acker, Merrall & Condit, Hong Kong
May 29:         Acker, Merrall & Condit, New York

JUNE:

Jun. 4:         Christie’s, Amsterdam
Jun. 6:         Christie’s, London
Jun. 8:         Sotheby’s, New York
Jun. 12:        Sotheby’s, London
Jun. 29:        Acker, Merrall & Condit, New York

SEPTEMBER:

Sept. 7:        Acker, Merrall & Condit, New York
Sept. 27/28:    Acker, Merrall & Condit, Hong Kong

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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