November 12th Auction Report: 1990 vintage, Romanée Conti, Jamet…

Auction-Report-12-novembre-1024x684The proportion of foreign buyers in the latest auctions increased significantly, especially for the rarest and most expensive bottles. In the auction closed on 12th November, we could note a strong demand for the 1990 vintage as well as for special releases and collectors’ bottles.

 

In Bordeaux, older vintages did particularly well as this bottle of Château Latour à Pomerol 1959 that went for €1,200 to a wine lover from Hong Kong. In Sauternes, a Château d’Yquem 1958 reached €840 (+25%). Beyond the most significant price evolutions, note Château Margaux 1990, sold €792 (+26%). James Bond effect might have played it part, and Château Angélus 2000 reached €390 per bottle, an increase by 21% compared to iDealwine’s current estimate.

In Burgundy, old vintages from domaine de la Romanée Conti were in the middle of a fierce battle between buyers from all over the world. A Grands-Echézeaux 1980 was awarded €1,020 (+41%) while a Romanée-Saint-Vivant from the same vintage reached €900 (+30%). For the whites, wines from legendary Coche-Dury, were predominantly sought after by English and American wine collectors: a Meursault Perrières 1994 (+9%) went under the hammer for €743 and a Meursault Caillerets 2004 (+30%) for €480. The Bienvenues-Bâtard-Montrachet 2006 from domaine Leflaive increased by 12% to €228 for a private customer based in Hong Kong.

In Rhône especially in Côte Rôtie, prices are quite impressive for wines from domaine Jamet, sespecially for old vintages: a 1983 Côte Brune sold for €426 to an American wien merchant.Yet in this appellation, it is again La Landonne from Guigal that remains the most expensive cuvée: the 1988 reaached €516 and went to Hong Kong (+8%). Still in the North of the region, note the great performances of l’Hermitage La Chapelle from Jaboulet: the mythical 1990 vintage went for €480 (+14%) and the 2006 reached the threshold of €100 (€110, +16%). In the South, in Châteauneuf, the speciale cuvée from domaine Henri Bonneau 1990 – this vintage is clearly a reference in all the best French appellations – went under the hammer for €534 (+12%).

In Champagne the auction revealed the good performances of two great Houses: Bollinger, with its Grande Année 2002 that reached €168 (+45%) and Taittinger with Comtes de Champagne 2004 exchanged at €180 (+117%) while the 1998 sold for €136 (+23%). Good result also for a magnum at Henriot, Cuvée 38 (Reserve Perpétuelle), awarded €324 to a German amateur. The wines from Selosse, always very popular and sought after, saw Le bout du Clos, Sous le Mont and Ay sous le Mont sell for €240 a bottle.

In the Loire, Clos Rougeard created the buzz again with both its red and white wines. The Saumur-Champigny Le Bourg 1990 – another in 1990! – rose by over 35% compared to iDealwine’s estimate, reaching €528 a bottle. In white, a rare Coteaux-de-Saumur 1989 doubled its reserve price and low estimate to reach €324, awarded to a Canadian amateur.

Abroad, Opus One (the joint venture between Baron Philippe de Rothschild and Robert Mondavi) continued its impressive price trajectory: the 2005 was awarded €288 (+91%) to a French amateur, while the 2009 reached €216 (+15%) sold to a Dutch amateur. Also noticeable were the German Rieslings which attracted a lot of bids from all over the world and the Super Tuscan Sassicaia 1998, which sold for €168 +13%).

Last but not least, note this bid from a Belgium wine lover on a Japanese whisky, KARUIZAWA 27 year multi-vintage 81-82-83-84 that went under the hammer for €3,000!

 

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