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
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