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DRC and Pétrus top the auction lists

guru — Fri, 03 Oct 2014 15:31:41 +0000

It’s a battle for supremacy.
Bordeaux and Burgundy fine wines, topping the auctions from the beginning of the fall season, prove that the world’s thirst for the best French fine wines has not changed.
Sotheby’s New York auction has opened the fall season on September 20 with the sales that attained 2 million dollars and surpassed all the expectations as well as the estimations (between 1,4 and 1,9 million dollars). 93% of the auction were lot sales.
The legendary Bordeaux vintages, such as 1982 or even 1989 (which are ready to be enjoyed, by the way) were strongly desired after multiple biddings for great Burgundy wines.
A case of Château Lafite 1982 sold US$ 43750, 24 half-bottles of Château Haut Brion 1989 attained US$ 25000, 3 bottles of Romanée Conti 2011 for US$ 34375, and finally 8 bottles of DRC La Tache 1988 awarded of US$ 16250.
The prices for mature Burgundy wines continue to rise and are exceptionally high for a collection of recent wines of Remoissenet, Bouchard and Camille Giroud. These are just ready to be enjoyed at a lunch or a dinner this autumn.
The great Bordeaux vintages have fetched extremely high prices, especially Haut Brion, Mouton Rothschild and Lafleur.

Meanwhile, the first London Sotheby’s wine auction on September 17 and 18, yielded the sum of £1,65 million after an estimation between £1,3 and £1,6 million.
The most exceptional lot was a lot of two Pétrus 1945 magnums, sold £47000, considerably above its estimation: £18000 – 24000.
The second one was a lot of 5 La Tache magnums, sold at one hell of a price – £44650, or three times the estimate (£12000 – 15000).

In Hong Kong, the Acker Merall auction proves one more time the desire of Chinese and Hong Kong collectors to own the best wines in the world – French Grand Crus.

(source picture: copyright Sotheby’s)

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Auction: an exceptional lot of Romanée Conti

guru — Thu, 11 Sep 2014 05:00:18 +0000

Auctions have the means of shaking up collectors nerves. In the following months, auctions presenting exceptional lots such as a collection of 114 Romanée Conti bottles are going to be on the market!

Sotheby’s is organizing an auction in Hong Kong on the 4^th of October of this year, in which this fabulous lot of 114 bottles of Romanée Conti, as well as a private collection of Gran Crus, from Netscape’s founder, Jim Clark, containing a lot of Henri Jayer magnums.
This auction should move the great collectors and Burgundy amateurs in all of Asia. Of the 778 lots proposed, 40% will be represented by Burgundies, weighing for more than 70% of the total value, that’s estimated at in between 4,5 and 6,7 million dollars.

A lot of 114 bottles of Romanée Conti is a unique event, probably in one’s lifetime. This auction should leave it’s mark for years to come.

Acker, Merall Condit’s are organizing an auction in New York on the 6th of September. Again, Bordeaux and Burgundy Grand crus, will have collectors drooling. Such as a vertical of Châteu Lafite, or a lot of 5 “millésimes” from DRC Richebourg, from 1990 and 2006.

Fine and rare wine auctions, are continuously growing, reaching more amateurs and collectors from all over the world.

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A bubbly demise!

guru — Wed, 13 Aug 2014 17:34:21 +0000

Hong-Kong – Dingxiang Loeng, a very well known 49 years old Chinese businessman, passed away this morning in his suite in the Shangri-La hotel. It is during a party that had been organized on his behalf for his birthday that the man died in front of his 217 guests. Violently hit on the forehead by a champagne cork causing a brain hemorrhage.

The accident took place during a sumptuous party, thrown to celebrate the 5oth anniversary of Mr. Loeng, Some 200 guests where present including the elite of the Hong-Kong political scene. The celebrity, after a short speech proceeded to open a champagne bottle and was hit violently by the cork, The first reaction was one of laughter, underestimating the extent of the injury, this was followed by a heavy silence. Mr. Loeng remained unconscious. The emergency medics arrived rapidly on the premises. In spite of all their efforts, the death was confirmed less than 20 minutes later, whilst he was being transported to the hospital.

Mr. Loeng was classed as the 51st Hong-Kong fortune, according to Forbes magazine; Mr. Loeng was an extremely successful and eccentric real estate agent, whose fortune was estimated at more than 1 billion Dollars. According to the police, the bottle was a Chinese counterfeit bottle; this seems to be an extremely plausible theory seeing the large quantity of CO2 gas found in the bottle.

For the last few years, counterfeit bottles have become an important preoccupation for the authorities. In fact, several experts estimate the Chinese counterfeit market at 80% in most Chinese cities…

Be safe and order your Grand Crus with all the necessary guarantees of origin through a well-known provider, www.worldgrandscrus.com, or put on a helmet!

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