Lafite-Rothschild Doubles Price in Year at Bonhams Sale of Vintage Wine

. July 17, 2007

The results of Bonhams’ sale of Fine Wines, featuring Anniversary Bottles & Pomerol, held on 27th June 2007, at New Bond Street, London, highlight the fact that there is a very strong demand for the top wines from the best vintages. With a shortage of stock coming onto the market, prices of these wines were at or above high estimate.

1982 Bordeaux continues to be the most sought-after vintage in the saleroom and the top five prices were paid for First growths from a Belgian cellar, with a dozen Lafite-Rothschild making nearly £15,000, twice the price paid just over a year ago in April 2006. Chateau Mouton-Rothschild and Cheval-Blanc 1982 both sold for over £8,000. The current bull market for top claret is also illustrated by the prices achieved for both Chateau Latour and Margaux 1996 – a dozen bottles sold in this sale for £5,280 and £5,060 respectively.

A collection of wines representing anniversary years fared strongly with a bottle of Chateau d’Yquem 1937 selling for £1,650, two bottles of Chateau Montrose 1947 for £460, and a half-litre of 1957 Tokaji Aszu Essencia for £130.

“These prices highlight the importance of selling at the right time,” explained Richard Harvey MW. “Soon it will be the turn of the ‘8’s and already a bottle of Pétrus 1968 reached a very satisfactory £660 considering the nature of the vintage!”

The market for mature vintage Champagne remains very buoyant; a bottle of Pol Roger 1947 reaching £825 and a dozen Billegart-Salmon 1982 £1,320, twice the high estimate.

Bonhams is accepting entries for the next sale of Fine Wines on 26th September, which will include a fine Continental cellar, particularly strong in Burgundy.

Category: Auction News

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