Hermitage La Chapelle wine from the cellars of Rhone producer Paul Jaboulet Aine dating back to 1949 will lead Sotheby’s (BID:US) sales in Hong Kong next month along with vintage Burgundies including Romanee-Conti and Cros Parantoux.
Six bottles of Hermitage La Chapelle from 1961 are estimated to sell for as much as HK$380,000 ($49,000) while a 12-bottle case of Hermitage 1978 is priced to fetch as much as HK$220,000. Among Burgundies, a 10-bottle lot of Vosne-Romanee Cros Parantoux 1999 from Henri Jayer carries a top estimate of HK$360,000, according to an e-mailed Sotheby’s statement.
Older Burgundy vintages from producers such as Romanee-Conti and Jayer have driven demand, while appetite for Bordeaux has been less consistent. At a Sotheby’s London sale on July 17, Jayer accounted for the three top lots, all of them going to Asian buyers.
Jayer prices were “doubling or trebling their estimates,” Stephen Mould, head of Sotheby’s European wine department, said after last month’s auction. “The diversity of the sale yet again shows the interest in wines from a variety of top wine regions.”
Jayer, who died in 2006, has become one of Burgundy’s most sought-after wine-makers. His Cros Parantoux, from a 2.5-acre (1 hectare) premier cru vineyard that was an artichoke field in World War II, has acquired trophy status, with a case of the 1985 vintage fetching as much as HK$2.06 million at a Christie’s International Plc sale in Hong Kong in February 2012.
The Sotheby’s auction on Sept. 7 comes as the Liv-ex Fine Wine 50 Index of top Bordeaux vintages has risen 4 percent this year, with declines since mid-March following a gain of 8 percent in the first 10 weeks of the year.
Other lots in the Hong Kong sale include a single bottle of Romanee-Conti 1990, estimated to fetch as much as HK$140,000, and a bottle of the 1999 vintage from the same vineyard with an upper estimate of HK$100,000.
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.
AUGUST: Aug. 31: Christie’s, Hong Kong SEPTEMBER: Sept. 7: Acker Merrall & Condit, New York Sept. 7: Sotheby’s, Hong Kong Sept. 7: Zachys, Hong Kong Sept. 12: Christie’s, London Sept. 12: Bonhams, London Sept. 13/14: Acker Merrall & Condit, Hong Kong Sept. 14: Bonhams, San Francisco Sept. 18: Sotheby’s, London Sept. 20/21: Sotheby’s, New York Sept. 19/20: Zachys, New York Sept. 21: Hart Davis Hart, Chicago Sept. 26: Christie’s, Shanghai OCTOBER: Oct. 4: Sotheby’s, Hong Kong Oct. 5: Acker Merrall & Condit, New York Oct. 11: Christie’s, New York Oct. 23: Sotheby’s, London Oct. 24: Bonhams, London Oct. 24: Christie’s, London Oct. 24/25: Zachys, New York Oct. 25/26: Acker Merrall & Condit, Hong Kong Oct. 26: Hart Davis Hart, Chicago NOVEMBER: Nov. 7: Christie’s, London Nov. 13: Christie’s, Geneva Nov. 13: Sotheby’s, London Nov. 21: Acker Merrall & Condit, New York Nov. 21: Bonhams, Hong Kong Nov. 22 Christie’s, Hong Kong Nov. 22/23: Zachys, Hong Kong Nov. 23: Bonhams, San Francisco DECEMBER: Dec. 6/7: Zachys, New York Dec. 7: Christie’s, New York Dec. 7: Hart Davis Hart, Chicago Dec. 11: Sotheby’s, London Dec. 12: Bonhams, London Dec. 12: Christie’s, London Dec. 13/14 Acker Merrall & Condit, Hong Kong Dec. 18: Acker Merrall & Condit, New York
To contact the reporter on this story: Guy Collins in London on firstname.lastname@example.org
To contact the editor responsible for this story: Mark Beech at email@example.com