August Online Auction Report

Château Latour, Dujac, Châteauneuf du Pape and Vouvray top the August Online Auction

August Auction ReportThe recent Online Auction that ended 29th August showed no respite of impressive results, even in the heart of summer! 550 buyers from around the world (25 countries) competed for lots. Despite the ups and downs of China’s economy, Asia was not outdone, representing 8% of the buyers.

The auction resulted in many price increases in all regions. In Bordeaux,where prices remain globallystable, Petrus continues to be one of the most demanded wines: +19% for the 1990 vintage (€3,200) and +14% for the 2005 (€2,640). Large formats managed to reach even higher prices and magnums of this famous Pomerol registered an additional increase, with a 1988 reaching€3,000(+29%). Mouton Rothschild, Lafite Rothschild and Angélus might have been the winning trio in terms of performance, but good results were also noteworthy for Latour 1995 (€433, +20%) and 1996 (€576, +30%), as well as the 1990 vintage of Grand Puy Lacoste, which sold for €188(+18%).

In Burgundy, alongside the traditional big names of the Côte de Nuits (Domaine Romanée Conti, Rousseau, Leroy) – which saw no lull, even in August – it was Clos de la Roche of Domaine Dujac that stood out: the 1995 sold for €444 and the 1998 for €360. Good results were also registered for the wines of Groffier (€306 for Chambolle-Musigny Les Amoureuses 2002, +14%) and Mortet (Gevrey-Chambertin Lavaux Saint-Jacques 2004, €220). The whites also impressed: Chevalier-Montrachet 2005 of Domaine d’Auvenay reached €1,440 (+19%), while Leflaive 1996 reached €672 (+20%). A Corton-Charlemagne 1989 of Leroy was meanwhile sold to a Chinese bidder for €660.

 

Along the Rhône Valley, the special wines of the top domaines of Châteauneuf-du-Pape fared particularly well: « Hommage à Jacques Perrin” 2007 of Beaucastel approached €400 (€396, +18%), the « XXL » 2007 of La Janasse reached €264 (+15%), while « Da Capo » 2007 of Pegaü reached €256 (+11%). Not to mention a 2009 magnum of « Sanctus Sanctorum » of Clos Saint-Jean, which sold for €840. Rayas also remains a safe bet of this appellation, with the 1995 sold to a Hong Kong buyer, crossing the threshold of €500 (€504, +22%).

Some beautiful Champagnes also stood out: €960 was paid for the Clos du Mesnil 1990 of Krug, €534 for a magnum of Dom Pérignon 1990, €408 for a magnum of Veuve Clicquot Réserve 1995 and €300 for a Dom Ruinart 1996.

In other regions, and particularly the Loire, the Goutte d’Or 1990 of Philippe Foreau from Vouvray reached a new record of €456 per bottle. Also noteworthy was the sale of a magnum Coteaux du Languedoc Clos des Cistes 1998 from Peyre Rose, which reached €240.

Our top wines from regions outside of France also impressed buyers, who bet €300 on the Dark Blossom Grenache 2011 by Sine Qua Non (USA), €204 on a Nebbiolo Costa Russi 1998 and €192 on a San Lorenzo 1998 from Angelo Gaja (Langhe).

 

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