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Dom Perignon Listed With Ornellaia, Petrus at Sotheby’s

February 16, 2013

Dom Perignon

A four-magnum lot of Dom Perignon Rose Oenotheque 1978 is estimated to fetch as much as $20,000 at the sale on Feb. 23, according to the online Sotheby’s catalog. The auction will take place in New York. Source: Sotheby's via Bloomberg

Dom Perignon Champagne from vintages spanning more than 30 years goes on sale at a Sotheby’s auction in New York this month, along with Tuscan Ornellaia wines from the past two decades and lots from top Bordeaux vineyard Chateau Petrus.

A four-magnum lot of Dom Perignon Rose Oenotheque 1978 is estimated to fetch as much as $20,000 at the sale on Feb. 23, according to the online Sotheby’s (BID:US) catalog. The top estimate for three magnums of the 1966 vintage is $18,000, and $15,000 for four magnums from 1982.

The sale comes after the London-based Liv-ex Fine Wine 50 Index rose 3.5 percent last month, its biggest monthly gain for two years, after a decline of 9.7 percent in 2012. It has climbed more than 7 percent since touching a 2½ year low in November as investors and collectors sought Bordeaux that lost value during the financial crisis and focused on rarer Burgundies.

“Some momentum is building,” Miles Davis, co-founder and partner in Wine Asset Managers LLP in London, said in a phone interview. “Nearly everything’s bounced off the bottom now.” WAM has $20 million under management in two funds.

Other wines in the auction include selections from Tuscan coastal vineyard Tenuta dell’Ornellaia covering most vintages since 1990. A 12-liter Balthazar from 2010 is valued by Sotheby’s at as much $6,000 while six double-magnums spanning the years 1997 to 2002 have top estimates of $5,000.

Among the auction lots carrying the highest estimates by Sotheby’s are a case of Chateau Petrus 2000 Pomerol, valued at as much as $35,000, and 12 bottles of Medoc first-growth Chateau Lafite-Rothschild from the same year with an estimate range to $20,000.

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

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. 23:        Hart Davis Hart, Chicago
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 11:         Hart Davis Hart, Chicago
May 15:         Sotheby’s, London
May 23:         Bonhams, Hong Kong
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
Jun. 29:        Hart Davis Hart, Chicago

SEPTEMBER:

Sept. 7:        Acker, Merrall & Condit, New York
Sept. 21:       Hart Davis Hart, Chicago
Sept. 27/28:    Acker, Merrall & Condit, Hong Kong

OCTOBER:

Oct. 26:        Hart Davis Hart, Chicago

NOVEMBER:

Nov. 20/22:     Bonhams, Hong Kong

DECEMBER:

Dec. 7:         Hart Davis Hart, Chicago

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)
    • $39.49 USD
    • 0.78
    • 1.98%
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