October 28th Auction Report

2015-10-15-1024x435

Stunning auction wines reach new heights

The Online Auction that closed end of October saw 2,000 lots sold, with prices ranging from €10 to more than €10,000, the latter paid for a 2002 Romanée-Conti. Buyers from more than 30 countries competed, resulting in some of these wines to cross the €1,000 threshold – in some cases for the first time.

Petrus, the undisputed star of Bordeaux
In Bordeaux, it is clear that Petrus is still in the lead. This famous Pomerol recorded price increases of at least 10% compared to the iDealwine estimate, no matter the vintage. The 2000 was particularly sought-after, being awarded €3,720 (+11%). Another wine that reached more than €1,000 was Mouton Rothschild 2000 with prices now systematically selling beyond this threshold (€1,260, +12%). This mythical 2000 vintage garnered good results in general, with a Latour also reaching €780 (+8%).

Among other grands crus of Bordeaux, note the good performance of Lafite: the 1996 reached €776 (+10%) and the 1995 sold for €540 (+10%), while the Carruades 2006 reached (€144, +14%).

Some impressive results were also noted among the more mature vintages: Chevel Blanc 1985 sold for €390 (+23%), Léoville-las-cases 1982 for €320 (+5%) and old bottles of Yquem attracted the interest of collectors: the 1962 sold for €840 (+71%) and the 1975 for €672 (+58%). The 1999 vintage also demanded attention: a Margaux registered a 25% increase, reaching €360, while a Cheval Blanc sold for €330 (+15%).

In more recent years, a case containing a bottle each of seven of the greatest wines from the 2012 vintage (Petrus, Mouton, Lafite, Margaux, Cheval Blanc, La Mission and Haut-Brion) sold for a total of €4,320, representing a premium of 11% on the price per bottle.

Romanée Conti and Leroy on top
In Burgundy, there were some impressive Romanée Conti vintages. A 2002 scored the best result at this auction, exceeding the threshold of €10,000 (€10,560 to be exact, +7%). La Tâche meanwhile reached €1,920 (+5%), a Richebourg sold for €1,260 (+21%) and Echézeaux reached €1,020 (+81%). A bottle of Romanée Saint Vivant sold for just below the threshold of €1,000, reaching €960 (+1%), while a Grands-Echézeaux sold for €900 (+16%).

From the 2005 vintage, a lot of six bottles from Romanée Conti (two each from La Tâche, Richebourg and Echézeaux) also crossed the threshold of €10,000, reaching €10,440. Aside from rarities of Leroy (a Chambertin 1961 sold for €1,680, for example), some domaines that are less frequently under the spotlight, also garnered good results: this was the case with Groffier, Mongeard-Mugneret, including wines from prestigious plots that deserve to be followed closely. Prices also climbed for the great Chardonnays of Burgundy, like Puligny-Montrachet Les Pucelles 2006 of Leflaive, which sold for €228 (+46%).

The 1990 vintage in Rhône
Two iconic wines from the 1990 vintage dominated in the Rhône Valley: from the South in Châteauneuf it was Château Rayas, which sold for €1,140 (+9%), while in the North it was a collection of Côte-Rôtie, from Gentaz-Dervieux, with the « Cuvée de Réserve » surpassing the €1,000 threshold to reach €1,080 (+54%).

Cristal Roederer in Jeroboam
In Champagne it was a Jeroboam of Cristal (Roederer) 2005 that defied the odds, reaching €1,620 – an increase of more than 150% compared to the iDealwine equivalent estimate for a bottle. Although the Loire Valley has not yet seen its wines exceed the threshold of €1,000, the wines of Clos Rougeard continue to excite: the Saumur-Champigny Le Bourg 2010 remained stable at €360, while the same wine from 1995 jumped 134% to €276.

In other regions, the wines of Grange des Pères stabilised, while those of Overnoy in the Jura maintained their momentum: €146 was paid for an Arbois Pupillin 1999 (+143%) and €120 for an old Savagnin 1998 (+71%).

 

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