During July, the auction market was still wide awake! Buyers from all over the world fought for the best wines from Burgundy with continuous rising prices.

Beautiful auctions on great Burgundy names

During both auctions in July, once again, the famous Burgundy domains have had remarkable performances. Indeed, particularly during the sale that ended on 26^th July, Engel, Dujac and Vogüé domains registered prices way above their iDealwine estimates.

Domaine René Engel:

Domaine René Engel (now called Domaine d’Eugénie since its purchase by François Pinault in 2006) is a vineyard of 7 hectares which possesses some of the most beautiful plots of old vines in the region. Here, all the vintages prior to the purchase were sold way above their iDealwine price estimates! The increasing scarcity of these wines has triggered rising prices for a while. Thus, Grands-Echézeaux 1993 went under the hammer for €1,020 (+ 42%), to a Danish professional, while the 1996 vintage sold for €844, and the 2004 went for €480 (+37%). Clos-de-Vougeot 1993 reached €660 (+72%), the 1991 €552 (+77%). Vosne-Romanée 1^er Cru Les Brûlées went for €612 in the 1990 vintage (+39%) and €288 in the 2004 vintage (+28%).

Domaine Ramonet:

Another name was in the spotlight in July: Domaine Ramonet. Legendary name from Côte de Beaune, this 17-hectare vineyard is renowned for its great white wines, with a recognizable style due to their power, concentration and freshness. During the auction of the 12^th July, various vintages of Montrachet sold way above the price estimates and were mainly bought by Europeans. Montrachet 1994 was auctioned €960 (+39%), the 2007 went for €1,080 to the United-Kingdom (+62%), the 2008 was acquired by a British professional for €1,080 (+45%), just like the 2009 (+24%), whereas the 2010 was auctioned €1,230 (+25%) and the 2011 €960 (+28%). Likewise, in the auction that ended on 26^th July, the Montrachet 2005 sold for €1,200 (+71%), the 2007 for €1,140 (+71%).

Domaine Dujac:

Domaine Dujac also saw its prices serenely rise, with sustained demand from the USA and Hong Kong. This 18-hectare domain, located in Morey-Saint-Denis, is a family establishment created in 1968. Certified organic since 2010, this domain is recognizable by its whole crop pressing (both grapes and stalks are vinified) and its high proportion of new barrels for maturing, especially for the Grands Crus. These wines have a great aging potential. During the auction ending on 26^th July, Vosne-Romanée 1^er cru Les Malconsorts sold for €288 (+13%), while Clos de la Roche reached €552 in the 2005 vintage (+17%) and the 1996 vintage increased of 61% (€328).

Domaine Comte Georges de Vogüé:

Other moderate but global growth trend is noticeable for the wines from Domaine Comte Georges de Vogüé. Located in Chambolle-Musigny, this 12-hectare vineyard has superb plots in Musigny, Chambolle-Musigny Les Amoureuses, Bonnes-Mares. This domain is particularly appreciated for its regularity and for the immense aging potential of its wines. In the auction of 26^th July, the Musigny 1996 was bought by an amateur from Hong Kong for €672 (+10%), the 2002 vintage by a Danish amateur for €780 (+14%) and the 2005 was auctioned €1,080 (+10%) to a French amateur.

Domaine Henri Jayer, which regularly hits the headlines of our auction reports, once again distinguished itself during the July sales. The wines of this legendary domain, of which the name has now disappeared, with the death of its owner, have in fact outperformed their iDealwine price estimate during the auction of the 26^thJuly. The mythical Vosne-Romanée 1^er Cru Cros Parantoux was auctioned €5,640 in both 1983 (+70%) and 1984 (+135%) vintages, while Echézeaux 1984 registered a growth of 20% (€3,360)! There is also, to a lesser extent, a great enthusiasm for the wines of Emmanuel Rouget, Henri Jayer’s nephew and successor. Thus, a magnum of his Echézeaux 1988 went for €2,040 (+13%) and his Vosne-Romanée 1^er Cru Cros Parantoux 1991 for €1,920 (+86%) and 2009 for €1,080 (+18%).

Finally, the other famous Burgundy stars, which achieve, in almost every sale, new price increases, sustained their momentum: in the 12^th July sale, Domaine Armand Rousseau stood out for its Chambertin 1985 which made a Hong Kong amateur happy for €2,280 (+57%). Domaine de la Romanée-Conti La Tâche 1982 went for €,1200 (+25%).  Meursault Les Chevalières 1996 sold for €600 (+86%). Likewise, in the 26^th July sale, Domaine de la Romanée-Conti La Tâche 2004 reached €2,880 (+45%), the Meursault wines from Coche-Dury also performed very well, such as Genevrières 2007 auctioned for €900 (+91%).

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Read further on iDealwine Le Blog:

• Beautiful auctions: Europe and Asia fight over Leroy cuvées
• Auction report: Meursault Premier Cru Les Perrières booming
• The 50 most expensive lots and wines sold at auction – 1st half-year 2017