Auction Report: top prices for Bordeaux 2005 and rare vintages from Rhône, Loire, Champagne and Alsace

Auction-Report-29062016

At the auction closed 29 June, Bordeaux and Burgundy made steady progress while prices for rarer vintages from the Rhône, Loire and Alsace rose dramatically.

Buyers from overseas, especially Asia, were particularly active at this latest auction.

A number of Bordeaux grands crus classés achieved slightly higher prices this time. A 2005 Prestige crate (Petrus, Mouton Rothschild, Lafite Rothschild, Latour, Cheval Blanc and Margaux) sold very well at €6300 – an increase of 11% on iDealwine’s accumulated price for the different wines in this crate. The 2005 vintage also continued to make progress across the board. The 2005 Château le Cheval Blanc rose in price by 10% (€576) as did the 2005 Smith Haut Lafitte (€108), while the 2005 Château Pape Clément increased by 8% (€156). Prices for Petrus appear to be relatively stable, especially in the mature vintages, while more recent years such as 2013 are continuing to climb, achieving an increase of 11% (€1,500).

Burgundy wines unleashed more enthusiasm and saw much sharper price increases than Bordeaux wines. Domaine de la Romanée Conti is still the leading light at the auctions, with a bottle of 2007 Romanée-Conti selling at €8760 (+6%) and a 2009 La Tâche soaring to €2640 (+12%). Chambertins from Domaine Armand Rousseau also performed exceptionally well, dominating the rankings for the highest bids. The 1990 Chambertin Clos de Bèze might have stabilised at €1620 (at its highest!) but a good number of other years achieved two-figure price increases: the 1999 and 2011 Chambertins rose by 17%, the 2007 Chambertin Clos de Bèze by 24% and the 2006 by 27%. Wines from the Leroy Estate still seem just as sought-after too, especially among Asian buyers, and prices have increased slightly (+4% for a 1964 Romanée Saint Vivant and 6% for a Marc de Bourgogne). In the bidding for white wines, enthusiasts have focused their attentions on the Raveneau and Coche-Dury estates. This has led to price increases of more than 25%, with the 2005 Chablis Montée de Tonnerre  (Raveneau) and the 2009 Meursault (Coche Dury) both rising by 28%. The Ducs Lafarge and Dugat-Py Estates also proved very popular, selling well above their listed prices. Finally, a new trend among Asian buyers is becoming clear, with increasing interest in lesser-known, specialist estates. An example would be the Domaine Moine Hudelot, with a bottle of its 1999 Chambolle Musigny Les Amoureuses selling at €228 to an enthusiast in Singapore.

As often happens with the bidding for Rhône wines, one bottle in particular stands out. After the 2000 Cuvée Cathelin from Jean-Louis Chave and the 1961 Hermitage La Chapelle from Jaboulet, this month it was an extremely rare 1989 Réserve des Célestins from Henri Bonneau (Châteauneuf-du-Pape), selling at €792 (+22%) to a Dutch buyer. Meanwhile, a Belgian enthusiast fell in love with wines from the Domaine du Pegaü and walked off with a magnum of 2010 Cuvée Da Capo for €720 (+26%), a 2007 for €588 (+7%) and a 1998 Laurent for €120 (+33%). Under the same wine appellation, Château Rayas is still highly sought-after and prices for its 2000 and 1998 vintages rose steadily and unapologetically by 23% and 22% respectively.

 

Northern Rhône wines from Stéphane Ogier also achieved excellent bids, although we note that prices for wines from Jean-Louis Chave, Auguste Clape and Jamet are stabilising (at last!).

In the bidding for Loire wines, Clos Rougeard is still in pole position although prices for mature vintages are beginning to level off. The exception to this is Les Poyeux,   with its 2006 vintage selling at €192 (+23%). For Pouilly-Fumé, recent vintages from the Domaine Dagueneau such as the 2012 Pur Sang (increasing by 15% to reach €78) are very much in demand. For Sancerre, wines from François Cotat have made the greatest progress: +59% for Les Culs de Beaujeu, +42% for Les Monts Damnés 2010 and +33% for Les Monts Damnés 2012.

At the Champagne auctions, there is still great interest in Selosse and prices are continuing to climb across all vintages. A rare 1978 Cuvée Belle Epoque Réserve Spéciale from Perrier Jouët also attracted attention with its price rising by 81% (€192).  The stars of Provence, Trévallon and La Grange des Pères are still enjoying an upward trend too. Meanwhile, knowledgeable enthusiasts put a premium on rare estates such as Overnoy whose 2005 vintage rose by 138%. Finally, a number of Alsace wines from Zind-Humbrecht, Marcel Deiss (Gewurztraminer Sélection de Grains Nobles Altenberg de Bergheim 1994) and Clos Saint Landelin performed well and saw their prices increase.

 

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