Bloomberg News

Sassicaia Magnums Star With Ornellaia at Acker, New York

February 23, 2013

Monfortino Giacomo Conterno Barolo wines

Monfortino Giacomo Conterno Barolo wines included in an Acker Merrall & Condit auction in New York. Source: Acker Merrall & Condit via Bloomberg.

Three magnums of pioneering Tuscan winegrower Sassicaia Tenuta San Guido dating from 1978, 1982 and 1985 are included in an Acker Merrall & Condit New York auction as part of an Italian collection including Ornellaia and Barolo.

The three, listed as a single lot, carry an upper estimate from Acker of $6,000 and include the first vintage released in that 1.5-liter format, according to the auction house’s catalog. A nine-magnum lot of Sassicaia spanning 1988 to 1999 carries a top price tag of $6,000, while an 11-bottle lot covering the years from 1980 to 1989 is estimated at as much as $3,500.

The sale comes amid a recovery in fine-wine prices over the past three months, after the London-based Liv-ex Fine Wine 50 Index touched its lowest level for 32 months in November. It has rallied 6 percent since then, and in January had its biggest monthly gain for two years, as investors and collectors sought wines whose prices were beaten down during the financial crisis.

Other vintages in the auction include a 12-bottle lot of Sassicaia covering the period 1967 to 1979 and 25 bottles of neighboring estate Tenuta dell’Ornellaia spanning the years 1985 to 2004, estimated to fetch as much as $4,800. Five bottles of Monfortino Riserva Giacomo Conterno spanning the years 1961 to 1969 have an upper estimate of $3,500.

Sotheby’s (BID:US) also holds an auction in New York today at which Ornellaia wines from the past two decades and lots from top Bordeaux vineyard Chateau Petrus are on sale, along with Dom Perignon Champagne from vintages spanning more than 30 years.

A four-magnum lot of Dom Perignon Rose Oenotheque 1978 is estimated to fetch as much as $20,000 at the sale, according to the Sotheby’s catalog. The top estimate for three magnums of the 1966 vintage is $18,000, and $15,000 for four magnums from 1982. Sotheby’s is also scheduled to hold a sale in London on Feb. 27.

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

FEBRUARY:

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

MARCH:

March 7/8:       Zachys, New York
March 14:        Christie’s, New York
March 15/16:     Christie’s, Hong Kong
March 20:        Sotheby’s, London
March 21:        Christie’s, London
March 22/23:     Acker, Merrall & Condit, Hong Kong
March 23:        Hart Davis Hart, Chicago
March 27:        Acker, Merrall & Condit, New York

APRIL:

April 3:         Acker, Merrall & Condit, New York
April 3/4:       Sotheby’s, Hong Kong
April 12:        Christie’s, New York
April 17:        Sotheby’s, London
April 23:        Christie’s, Amsterdam
April 26/27:     Sotheby’s, New York
April 27:        Acker, Merrall & Condit, New York

MAY:

May 2:           Christie’s, London
May 11:          Hart Davis Hart, Chicago
May 14:          Christie’s, Geneva
May 15:          Sotheby’s, London
May 18:          Hart Davis Hart, Chicago
May 23:          Bonhams, Hong Kong
May 24:          Christie’s, New York
May 24:          Christie’s, Hong Kong
May 24/25:       Acker, Merrall & Condit, Hong Kong
May 29:          Acker, Merrall & Condit, New York

JUNE:

June 4:          Christie’s, Amsterdam
June 6:          Christie’s, London
June 8:          Sotheby’s, New York
June 12:         Sotheby’s, London
June 28:         Christie’s, Paris
June 29:         Acker, Merrall & Condit, New York
June 29:         Hart Davis Hart, Chicago

JULY:

July 10:         Sotheby’s, London

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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  • BID
    (Sotheby's)
    • $40.18 USD
    • 0.49
    • 1.22%
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