Auction Report: highlight on Bordeaux & Côte de Nuits

vente-aux-enchères-iDealwine

Latest auction closed on 16th March has seen bidders from all around the world trying to win auctions on mature Bordeaux as well as old vintages from the finest domains of Côte de Nuits.

Asian bidders have been particularly active in this auction, especially on top Bordeaux wines like Lafite, Margaux (and second wine Pavillon Rouge), Haut Brion, and on the right side, Petrus, Cheval Blanc and Angelus. While prices have been relatively stable on recent vintages, mature wines are still on the rise (+6% for Petrus 1983 at €1,200€, +8% for Lafite 1985 at €428 as well as Angélus, rising by 9% with the 2005 (€424). Note also the good performance of La Mission Haut Brion (€266 for the 1998, +11%) and on the Right Bank, Château Gazin 2005: a case of 12 bottles sold for €1,104 (€92 per bottle), an increase by 21% on iDealwine prices.

In Burgundy European and Asian buyers fought to get hold of old vintages from Domaine Roumier, boosting its prices: its Chambolle-Musigny 1er Cru Les Amoureuses 1988 sold for €1,140, an increase by 82% and a Bonnes-Mares 1999 sold for the same price, an increase of 33% on its average price estimate. The 2009 on the contrary, remained stable at €780. The current trend is really about mature Burgundy as this rare domaine Clair-Daü whose Chambertin 1959 went for €1,200 and the Chambertin Clos de Bèze 1976 reached €450. The Romanée Conti 1984, finally won for €7,080 by a Hong Kong wine collector, was the case of a severe battle with other European bidders.

In Rhone, while prices for Côte-Rôtie from domaine Guigal are stabilising, demand for domaines Jamet and Chave is booming. Most wines from Château Rayas are increasing as well.

ventes-enchères-iDealwine2In Alsace, an exceptional bottle distinguished itself: the Riesling Clos Sainte Hune 1983, a rare bottle sold for €408 (+38%). Overall top rieslings are performing at auction as well as some great Pinot Gris as Rangen de Thann from domaine Zind-Humbrecht.

In Champagne, there was a large selection of Dom Pérignon in this sale and it sold very well: €390 for a 1982 (+66%), €348 for a 1973 (+45%) or €270 for a 1988 (+31%). Taittinger was also well demanded and the Cuvée Collection Vasarely 1978 was won for €264 (+41%).

In Loire, Clos Rougeard is still dominating the region at auction, with wines such as its Saumur-Champigny Les Poyeux 1999 (€300). Yet a few other names are starting to emerge as Domaines Delesveaux (Coteaux du Layon), Baumard (Savennières) and du Collier (Saumur).

 

 

 

 

 

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