Global Market Explodes with Huge Prices for DRC, Lafite, Pétrus, Harlan, and More as Hart Davis Hart Sells 100% of Lots for $3.5 Million

. February 2, 2010

Hart Davis Hart achieved exceptional results this weekend in Chicago, realizing $3,540,032 against a pre-sale auction estimate of $1,926,900- $2,880,830. Collections of DRC, Lafite, and Pétrus brought intense bidding with many prices skyrocketing over the high estimate. A case of 1982 Château Pétrus (mags) more than doubled the high estimate, bringing $71,700 against an estimate of $24,000- $35,000. Five bottles of the rare 1991 Romanée-Conti commanded $47,800 against an estimate of $18,000-28,000.

hart-davis-hart-wine.jpgEager bidders participated from 41 states, the District of Columbia and Puerto Rico, as well as Australia, Belgium, Brazil, Canada, China, France, Germany, Japan, Mexico, Norway, the Philippines, Singapore, Switzerland, South Korea and the United Kingdom. A live internet bidder from the US was the largest buyer of the day as hdhlive.com continues to grow in popularity.

“We at Hart Davis Hart have chosen not to limit our efforts solely to Asia. To be the best wine auction house in the world, we must serve every corner of the globe with the same high standards. The US, Europe, South America, and Asia are all equally critical markets. We believe that anything else would be a disservice to our global buyers and to the detriment of our consignors. The results today were truly driven by global demand,” commented Chairman, John Hart.

“The success of the day went beyond DRC and Lafite as prices across the board were strong from every category, region and price point. The outpouring of bids from around the globe was the strongest we have seen. More bidders participated in this auction than ever before,” remarked CEO Paul Hart.

Top Ten Lots (inclusive of 19.5% buyer’s premium):
Lot 456: 1982 Château Pétrus (6 mags owc) $71,700 (est. $24,000-35,000)
Lot 492: 1990 La Tâche Domaine de la Romanée-Conti (12 bs owc) $65,725 (est. $28,000-42,000)
Lot 289: 1991 Romanée-Conti (5 bs) $47,800 (est. $18,000-28,000)
Lot 705: 1999 Domaine de la Romanée-Conti Assortment (12 bs owc) $45,410 (est. $17,000-26,000)
Lot 19: 1982 Château Lafite Rothschild (12 bs owc) $41,825 (est. $24,000-35,000)
Lot 290: 1993 Romanée-Conti Domaine de la Romanée-Conti (7 bs) $41,825 (est. $22000-32000)
Lot 706: 1999 Domaine de la Romanée-Conti: Echézeaux (2); Grands-Echézeaux (2 bs); La Tâche (3 bs); Richebourg (2 bs); Romanée-Conti (1 b); Romanée-St.-Vivant (2 bs) $41,825 (est. $17000-26000)
Lot 23: 1982 Château Pétrus (9 bs) $33,460 (est. $18000-28000)
Lot 463: 1982 Château Lafite Rothschild (6 mags) $33,460 (est. $24000-35000)
Lot 1023: 2000 Château Lafite Rothschild (12 bs) $23,900 (est. $14000-20000)

Total hammer: $2,962,370 (153.8% to low)
Total aggregate: $3,540,032
Percent sold by lot: 100%

2010 Auction Calendar
March 20, 2010
May 8, 2010
June 26, 2010
September 11, 2010
October 30, 2010
December 11, 2010

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 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 nearly 90 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. or to arrange
a media visit, please contact Marc Smoler at 312.482.9766, msmoler@hdhwine.com or visit hdhwine.com

Category: Auction News

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