Cheval Blanc auction prices stumble as Romanée-Conti powers on

on 15/07/11 at 2:02 pm

Wine

Auctions at Sotheby’s and Bonhams last week showed up Cheval Blanc’s apparent weakness at auction and Domaine de la Romanée-Conti’s upward rise.

Pétrus, Mouton Rothschild and Juan Péron’s Champagne provided some light relief but it was the chance to see how similar lots have progressed in both pricing and results that was most interesting.

The Sotheby’s auction raised a total of £1,132,348 and was sold 85% by lot. It was a small auction focused entirely on Bordeaux and a few lots of Champagne from between the years 1986 and 2007.

The top lot was an imperial of 2000 Pétrus: with an asking price of £20,000-£26,000 it sold for £32,200. Lafite followed, but less spectacularly, with a case of 2000 falling short of its £24,000 high estimate at £21,850.

Many of the other top 10-selling lots also failed to exceed their high estimates. The exceptions were a case of 2001 Pétrus for £17,250 (£13,000 high estimate) and a case of 2000 Mouton Rothschild for £12,650 (£9,500).

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