Bloomberg News

Jayer Cros Parantoux ’89 Leads Sotheby’s London Sale With Petrus

April 05, 2013

Henri Jayer Burgundies

A selection of Henri Jayer Burgundies on sale at a Sotheby's wine auction in London. Source: Sotheby's via Bloomberg.

A case of Vosne-Romanee Cros Parantoux 1989 from Burgundy winegrower Henri Jayer priced to fetch as much as 44,000 pounds ($67,000) is among leading lots at a Sotheby’s auction in London this month.

The sale on April 17 also contains six magnums of Chateau Petrus 1990 Pomerol carrying a top estimate of 28,000 pounds, five bottles of Richebourg 1987 Jayer for as much as 18,000 pounds and a case of Chateau Lafite-Rothschild 1982 Pauillac priced to fetch as much as 30,000 pounds, according to Sotheby’s (BID:US) online catalog.

The London-based Liv-ex Fine Wine 50 Index has rallied 10 percent since November, when it touched its lowest level since March 2010. A 0.3 percent gain in March was its fourth straight increase and followed a February advance of 2.9 percent. A recovery in Bordeaux first-growth wines such as Lafite has helped boost the index.

A case of Jayer’s Cros Parantoux 1989 wine sold for HK$1.82 million ($234,000) at a Christie’s International Plc sale in Hong Kong in February 2012, as Chinese demand for Burgundies was surging. A similar 12-bottle lot sold for $90,750 at a Christie’s auction in New York in April last year.

One case of Lafite 1982 sold for 34,500 pounds at a Christie’s auction in London in February, while another with more variable wine levels in the bottles fetched 23,000 pounds at the same sale.

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.

APRIL:

April 16:        Christie’s, New York online
April 17:        Sotheby’s, London
April 23:        Christie’s, Amsterdam
April 25/26:     Zachys, New York
April 26/27:     Sotheby’s, New York
April 27:        Acker Merrall & Condit, New York

MAY:

May 2:           Christie’s, London
May 14:          Christie’s, Geneva
May 15:          Sotheby’s, London
May 18:          Bonhams, San Francisco
May 18:          Hart Davis Hart, Chicago
May 23:          Bonhams, Hong Kong
May 23:          Bonhams, London
May 24/25:       Christie’s, Hong Kong
May 24/25:       Acker, Merrall & Condit, Hong Kong
May 24/25:       Zachys, Hong Kong
May 29:          Acker Merrall & Condit, New York
May 30/31:       Christie’s, New York

JUNE:

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 11:         Bonhams, London
July 17:         Sotheby’s, London
July 27:         Bonhams, San Francisco

SEPTEMBER:

Sept. 7:         Acker Merrall & Condit, New York
Sept. 11:        Sotheby’s, London
Sept. 12:        Bonhams, London
Sept. 14:        Bonhams, San Francisco
Sept. 21:        Hart Davis Hart, Chicago
Sept. 27/28:     Acker Merrall & Condit, Hong Kong

OCTOBER:

Oct. 24:         Bonhams, London
Oct. 26:         Hart Davis Hart, Chicago

NOVEMBER:

Nov. 20/22:      Bonhams, Hong Kong

DECEMBER:

Dec. 7:          Hart Davis Hart, Chicago
Dec. 12:         Bonhams, London

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)
    • $36.8 USD
    • -0.74
    • -2.01%
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