Hart Davis Hart Wine Auction Brings Remarkable $4.4 Million, Selling 99.9% of Lots

. March 23, 2010

Firm Leads the Market with $8 Million in US Sales

Chicago, IL – Hart Davis Hart achieved strong results from their two-day auction of Finest & Rarest Wines in Chicago, IL with 99.9% of lots sold realizing $4,436,497 against a pre-sale estimate of $2,878,770 -$4,299,740. A prominent private collection featuring a comprehensive offering of Bordeaux estimated at $936,620-$1,401,780 realized $1,484,620. Two cases of 1982 Château Lafite Rothschild (est. $28,000-$42,000) brought $45,410 each, while three cases of 1996 Château Lafite Rothschild brought $13,145 each (est. $7,500-$11,000). Another notable consignment from Bacchus Partners fetched $926,041 against an estimate $627,620- $936,590.

Other highlights included 2000 Château Lafite Rothschild which hammered at the high estimate, achieving $26,290 against a pre-sale estimate of $14,000- $22,000. Burgundy collectors were very active as well, and a 1996 DRC Assortment (est. $11,000-17000) sold for $20,315 while a magnum of 1999 Montrachet Domaine de la Romanée-Conti (est. $2,400-$3,500) fetched $7,170.

“Once again we had broad international participation today,” said CEO Paul Hart. “We deeply appreciate the many relationships we have all across Asia, Europe, and the Americas.”

Eager bidders participated from 40 states, and the District of Columbia, as well as Puerto Rico, Brazil, Canada, China, Germany, Japan, Mexico, the Netherlands, the Philippines, Singapore, South Korea, Switzerland, Taiwan, and the United Kingdom. HDHLive continued to be a popular live internet bidding platform, with active participants from around the world.

“Today we witnessed another affirmation that the rare wine market remains robust and quite healthy. Prices stabilized at historically high levels, which should be good news for anyone intending to sell at this time,” commented Vice Chairman Michael Davis.

Top Ten Lots (inclusive of 19.5% buyer’s premium):
1. Lot 2: 1982 Château Lafite Rothschild (12 bs) $45,410 (est. $28,000-$42,000)
2. Lot 3: 1982 Château Lafite Rothschild (12 bs) $45,410 (est. $28,000-42,000)
3. Lot 92: 1982 Château Pétrus (12 bs) $45,410 (est. $28,000-42,000)
4. Lot 1417: 1982 Château Lafite Rothschild (12 bs) $45,410 (est. $28,000-42,000)
5. Lot 93: 1989 Château Pétrus (12 bs) $41,825 (est. $26,000-38,000)
6. Lot 94: 1990 Château Pétrus (12 bs) $41,825 (est. $22,000-32,000)
7. Lot 1108: 1989 Château Pétrus (6 mags) $35,850 (est. $26,000-38,000)
8. Lot 1183: 1990 Domaine de la Romanée-Conti Assortment (12 bs) $35,850 (est. $24,000-35,000)
9. Lot 786: 1989 Château Pétrus (12 bs) $33,460 (est. $26,000-38,000)
10.Lot 969: 2005 La Tâche Domaine de la Romanée-Conti (12 bs) $33,460 (est. $26,000-38,000)

Total aggregate: $4,436,497
Percent sold by lot: 99.9%

2010 Auction Calendar
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

Category: Auction News

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