HART DAVIS HART SELLS 100% OF LOTS TO A STANDING-ROOM ONLY CROWD IN CHICAGO: BORDEAUX AND CALIFORNIA CONTINUE TO SELL AT DIZZYING LEVELS WHILE PRICES FOR DRC SKY-ROCKET

. February 5, 2008

(Chicago, IL)—Building on their tremendous success of 2007, Hart Davis Hart achieved their record third straight 100% sold auction in Chicago on Saturday. Bidders participated from 39 states and 10 foreign countries including Brazil, Canada, China, Iceland, Japan, Mexico, South Korea, Spain, Switzerland, and the United Kingdom. The dining room of award-winning Tru Restaurant was packed to capacity with enthusiastic collectors, who competed with a strong contingent of absentee bidders participating by phone, written commissions, as well as live internet. At the end of the day the auction tallied $4,367,284, soaring over the high end of the pre-sale estimate of $2,621,990 -$3,915,329. A frenzy of bidders sent prices of wines from Domaine de la Romanée Conti to record highs, including an original wooden case of 1990 La Tâche in magnum with bottle numbers 00001-00006 that realized $107,550 against an estimate of $40,000-$60,000, and a Jeroboam of the same wine that brought $57,360 against an estimate of $26,000-$38,000, to the delight of the consignor who was in attendance. A 1943 Romanée Conti realized $13,145 against an estimate of $2,000-$3,000. Many other lots from DRC soared over the high end of the estimate range.

“Despite talk of uncertainty in the economy, Hart Davis Hart continues to achieve record prices and sell-through rates,” noted Vice Chairman Michael Davis. “We are grateful that the unmatched experience of our team in both domestic and international markets has led to the strong customer loyalties that were apparent today.”

Lafite-Rothschild continued to lead the Bordeaux category. A case of 1982 Lafite-Rothschild realized $31,070, a case of 1986 realized $14,340, and several cases of the 2000 realized $17,925. Harlan and Screaming Eagle showed impressive strength, with a case of the 1994 Harlan realizing $19,120 against an estimate of $8,000-$12,000. Prices were buoyant across all categories.

The weekend began with the Hart Davis Hart Annual Comparative Bordeaux Tasting (this year highlighting the 1995 and 1996 vintages), which brought over 100 guests to Chicago. One of the consensus top wines of the night was the 1996 Lafite-Rothschild, a case of which today realized $13,145 amidst tasting-inspired bidding.

Commented President Paul Hart, “It was a special weekend, capped off in great fashion by another wildly successful auction.”

Highlights of the sale included:

BORDEAUX

12 bottles of 1982 Lafite-Rothshild (estimate $12,000-$18,000) at $31,070
12 bottles of 1986 Lafite-Rothshild (estimate $7,000-$10,000) at $13,145
12 bottles of 1996 Lafite-Rothshild (estimate $6,500-$9,500) at $13,145
12 bottles of 2000 Lafite-Rothshild (estimate $9,500-$14,000) at $17,925

BURGUNDY

6 magnums of 1990 La Tâche, DRC (estimate $40,000-$60,000) at $107,550
1 jeroboam of 1990 La Tâche, DRC (estimate $26,000-$38,000) at $57,360
1 bottle of 1943 Romanée Conti, DRC (estimate $2,000-$3,000) at $13,145
1 bottle of 1943 La Tâche, DRC (estimate $1,600-$2,400) at $9,560
6 bottles of 2003 La Tâche DRC (estimate $7,500-$11,000) at $14,340

CALIFORNIA

5 bottles of 1996 Screaming Eagle (estimate $6,500-$9,500) at $11,950
12 bottles of 1994 Harlan Estate (estimate $8,000-$12,000) at $19,120

Total hammer: $3,654,630
Total aggregate: $4,367,284
Percent sold by lot: 100%

2008 Auction Calendar

February 2, 2008
April 5, 2008
May 17, 2008
June 28, 2008
September 20, 2008
November 1, 2008
December 6, 2008

Bidding Information
Auction catalogs are available through the website or by calling Hart Davis Hart (hdhwine.com; 312.482.9996.) The expanded website allows bidders to view and search the auction catalog and place absentee bids online.

Hart Davis Hart’s state-of-the-art technology allows bidders worldwide to participate in the Chicago-based live auctions via the Internet. Bidders can follow the auction in the salesroom, hear the live auction, and bid against the room, all in real-time. More details about the technology can be found at www.hdhwine.com.

Bidders are encouraged to attend the auction in person, but Hart Davis Hart welcomes bids by phone, fax, through the website, and via the new live-bid technology. For more information, contact Hart Davis Hart at 312.482.9996 or go to hdhwine.com.

About Hart Davis Hart Wine Co.
Hart Davis Hart Wine Co. is both a dynamic retailer and an internationally prominent wine auction house, occupying a unique position in the rare wine market. We offer collectors and restaurateurs a broad range of options for buying and selling wines, providing unrivaled expertise and personalized service.

Founded in October 2004, Hart Davis Hart represents the alliance of three highly-respected industry leaders: John Hart, Michael Davis, and Paul Hart, with a combined experience of over 75 years in the rare wine business. John Hart, a renowned expert, has been a leader in the rare wine retail business for over three decades. With extensive careers at Christie’s, Davis & Company, and Sotheby’s, Michael Davis and Paul Hart are the most experienced wine auctioneers in America.

Hart Davis Hart has emerged as one of the most innovative and trusted sources for rare wines in America, with over 150 years of combined experience in the specialized field of fine and rare wines. No other firm can approach their level of expertise, network of relationships, or dedication to service.

Hart Davis Hart core services:
• Traditional Live Auctions
• Private Retail Services
• Online Sales
• Consultation

For more information on Hart Davis Hart Wine Co., please contact Hart Davis Hart at 312.482.9996 or visit hdhwine.com.
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FOR MORE INFORMATION, PLEASE CONTACT JARVIS COMMUNICATIONS AT 310.313.6374

HDHFeb2nd2008Results.pdf (520 KB)

Category: Auction News

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