Strong returns at latest Bonhams & Sotheby’s auctions

on 07/04/11 at 8:35 am

Wine

Both Bonhams and Sotheby’s conducted fine wine auctions at the end of March and beginning of April in London and Hong Kong respectively and both yielded strong returns.

The Bonhams auction is interesting for the disparity in prices that Château Lafite is showing between vintages.

Half a case of 1982 was the biggest seller at £16,100, followed by a case of 2003 at £11,500. However, 12 bottles of 1990, a year that received much better overall scores than 2003, went for only £8,970, narrowly beating a single bottle of 1945 Mouton Rothschild at £8,280.

The puzzle surrounding the lack of interest in 1990 has previously been observed by auctioneers and the drinks business.

As for the Hong Kong auction on 2-3 April, which featured the largest collection of Domaine de la Romanée-Conti and white Burgundy ever sold on the island, the sales were impressive and would appear to confirm that Chinese buyers are indeed prepared to pay serious money for the region’s very best wines.

With red DRC going back to the 1940s and whites to the 1960s, competition for the 3,000 bottles on offer was clearly fierce.

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