Leroy cuvées, Europe and Asia fight over them | Auction report

Leroy-auction-report-Asia-EuropeThe online auction on iDealwine, closed on 28th June, saw many wines from Domaine Leroy record significant price increases, reaching sometimes exorbitant levels.

Domaine Leroy, from Côte-de-Nuits, regularly hits the headlines of our auction reports, with continuous rising prices for these sought-after wines around the world. Once again, during the iDealwine auction, which closed on 28th June, bottles vinified by the famous Lalou Bize-Leroy kindled the lust of French, British and Hong Kong enthusiasts, who didn’t hesitate to increase prices well above iDealwine’s estimates.

Domaine Leroy, created in the late 1980s by the co-manager of Domaine de la Romanée-Conti and owner of a renowned negociant (Leroy SA), founded in 1868, can legitimately boast about owning plots on the most beautiful Côte-de-Nuits appellations: Chambolle-Musigny, Musigny Grand Cru, Volnay-Santenots, Nuits-Saint-Georges, Vosne-Romanée, Richebourg, or Clos-Vougeot. Moreover, the whole vineyard is in biodynamics and vinified carefully and skilfully. Lalou Bize-Leroy loves to repeat that the winemaker doesn’t do anything and only accompanies the wine that is being made. This all contributes to the prestige and rarity of these fascinating wines, which remain, sale after sale, among the most popular references at auction.

Thus, during our last auction on 28th June, the wines from Lalou Bize-Leroy all recorded significant price rises from +6% to +145%. Richebourg 1999 reached the highest price: €2,880 per bottle, an increase of 46% compared to its iDealwine estimate. In other vintages, this wine also recorded good performances: for example, the 2002 went for €2,640 (+34%), the 1999 for €2,580, with a 2-bottle lot auctioned €5,160 to a professional (+31%), the 1997 sold at €2,124 (+125%), the 2001 at €2,100 (+25%). The bottles from the appellation Romanée-Saint-Vivant also saw their prices soar: the 1999 auctioned at €2,700, with a lot of 2 bottles at €5,400 to a French professional. A British amateur acquired a bottle of 2002 for €2,640 (+66%) and a 2001 for €2,520 (+37%). The 1999 vintage went under the hammer for €2,400 (+68%) while the 1997 reached €2,280 (+145%). The Latricières-Chambertin appellation also had a double or triple-digit growth rate: +100% for one of the 2001 bottles and +88% for the other one acquired €1,920 by a British amateur, +82% for the 1999 also auctioned €1,920. The Vosne-Romanée 1er Cru Les Beaux-Monts 2002 delighted a British amateur for €1,416 (+62%), while the 2001 was awarded €1,260 to a French professional (+65%). Finally, Corton Les Renardes 1999 and Chambolle-Musigny 1er Cru Les Charmes 1999 were sent to Hong Kong respectively for €1,290 with a lot of 2 bottles auctioned €2,580 and €732. Such prices keep on maintaining the legend, and feeding fantasies of amateurs who still haven’t had the chance to dip their lips in this precious wine.

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