October 14th Auction Report

Nearly 600 buyers from over 30 countries in Europe, Asia and America have set their sights on the second auction of the month on iDealwine, closed on the 14th October 2015 Mature wines have been particularly demanded.

 

Margaux-300x200In Bordeaux Petrus again lead the way with the 1988 to €1,480 an increase by 28% from its previous estimate. The mature wines of Château Margaux also demonstrated a strong demand: +49% for the 1990 vintage (€780), +20% for the 1982 (€672), the 2000 remaining stable at €720 and the 2009 starting to rise again at € 660 (+ 10%). We also noted a 15% premium (compared to iDealwine’s price estimate) granted to the “Caisse Collection 2003”, gathering nine iconic wines all from the 2003 vintage awarded €6,000. Lafite Rothschild remains searched by the Chinese merchants but only when the price show a small inflection compared to recent levels. The 1996 and 2003 vintages sold but slightly lower than current iDealwine’s estimates.

 

In Burgundy, Domaine Emmanuel Rouget stared the auction. The numerous bottle of its rare Vosne-Romanée Cros Parantoux on sale have delighted fans from Europe, Asia (China and Singapore) and the US: the 1996, the most expensive vintage, sold for €1,200 to a Danish wine lover (+38%) while the 1995 was awarded €960 to a Chinese customer. Rarer in Burgundy than in Bordeaux, magnum formats helped to raise to new heights the prices of Chambertin from Armand Rousseau: a magnum of 2011 was acquired for €1,680 by a Belgian amateur. Domaine de la Romanée-Conti continued to increase: a bottle of La Tâche 1994 sold for €1,320 to a Hong Kong collector and a Grands-Echézeaux 2008 sold for €960 (+ 37%) to a German buyer. In white, note the good progress of Montrachet 1996 from Pierre Amiot, awarded €480 (+120%) to a Hong Kong customer and a Meursault Perrières 2004 from domaine Roulot, acquired for €384 (+69%) by an English merchant. Chablis Blanchots 2004 from Raveneau also saw its price soar to €220 (+69%).

Emmanuel-Rouget

In comparison, wines from the Rhone have remained more stable, with the notable exception of the Chateauneuf-du-Pape Château Rayas and the Hermitages from Jean-Louis Chave, acclaimed even in lesser vintages. A very remarkable auction, in white, on a rare wine: Château-Grillet 1979 awarded €120 (+48%). In Champagne note the strong performance of old vintage cuvées: €660 (+40%) for a magnum of Bollinger R.D. 1979 and €576 (+83%) for a cuvée Dom Pérignon 1978.

Clos-Ste-Hune-300x200In Alsace, the wines of Trimbach, well represented in this auction,
have generated a great enthusiasm, especially his iconic Riesling Clos St. Hune: €300 for its 1983, €288 for 1988, €204 for
992 (+48%), €168 for 1999 and €156 for 2000. The cuvée Frédéric Emile meanwhile reached €108 in the 1983 vintage and €103 in 1979, prices up sharply compared to iDealwine’s latest estimates.

 

In other regions, wines from Domaine de Trévallon achieved records high as its rare 1982 sold to a Dutch amateur for €230! Among the atypical auction lots, note the Sancerre Clos de la Néore 2007, awarded €132 (+38%) and that of Cuvée La Porte du Ciel from Domaine Négly (Coteaux du Languedoc La Clape) sold €144 in the 2010 vintage (+16%). Outside of France the famous Pingus (Ribera del Duero) 2009 reached €588, sold to a Belgian amateur and a Masseto 2008 (100% Merlot from Domaine d’Ornellaia), was sold €444 to an connoisseur from… Italy!

 

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