Lafite Lots Top $1 Million as Hart Davis Hart Chicago Finishes First Half of 2010 with $16,049,543 in Total Auction Sales, a 28% Increase Over 2009

. June 29, 2010

June 26 Auction brings $4,295,511 – 100% of lots sold

(Chicago, IL) – Wine prices eclipsed the high auction estimate at the Hart Davis Hart auction this weekend in Chicago, realizing $ 4,295,511 against a pre-sale auction estimate of $2,867,660- $4,288,950. 100% of the lots offered were sold. Collections of Bordeaux and Burgundy brought intense bidding with many prices hammering over the high estimate. A six bottle case of 2000 Château Le Pin brought in $23,900 against a pre-sale estimate of $10,000-$15,000 and a bottle of 1982 Romanée-Conti achieved $4,500 against a pre-sale estimate of $1,500-$2,200.

The heaviest bidding on the day was for the wines of Château Lafite Rothschild, which brought $1,023,034 against an estimated $644,870-$970,050. Eleven lots of 1982 Château Lafite Rothschild, valued at $213,000-$318,500, sold for $329,940, while twelve lots of the 2000 vintage, valued at $153,200-$229,600, brought $233,025. Carruades de Lafite, the second wine of Lafite-Rothschild, saw enormous demand as 9 cases of the wine from various vintages surpassed the high estimate by 38% at an average price of $313 per bottle. These wines were available for $40 to $60 per bottle just a few years ago. Results for Mouton-Rothschild also surpassed the high end of the estimate range.

“Château Lafite-Rothschild continues to be in great demand worldwide. It is clearly the most sought after wine in the auction market. Prices for Mouton-Rothschild are also moving higher.” commented Vice-Chairman, Michael Davis.

Eager bidders participated from 40 states, the District of Columbia and Puerto Rico, as well as Australia, Brazil, Canada, China, Germany, Hong Kong, Japan, Luxembourg, Macao, Mexico, Philippines, Singapore, South Korea, Spain, Switzerland, Taiwan, and the United Kingdom.

During the first half of 2010, Hart Davis Hart held four wine auctions in Chicago, bringing $16,049,543 (up 28% from 2009) against a total estimate for the season of $10,088,900- $15,068,570. HDH sold an industry-leading 99.9% of its lots, passing four lots out of 4,924 offered.

Commented Chairman John Hart: “This sale was a very strong finish to an excellent first half of 2010. We wish to thank all of our consignors and bidders worldwide and look forward to an exciting fall season.”
Top Ten Lots (inclusive of 19.5% buyer’s premium):
Lot
Wine
Estimate
Aggregate
445
1982 Château Lafite Rothschild (12 bs)
$28000-42000
$50,190
446
1982 Château Lafite Rothschild (12 bs)
$28000-42000
$47,800
867-869
1982 Château Lafite Rothschild (12 bs)
$28000-42000
$45,410
447
1982 Château Lafite Rothschild (12 bs)
$28000-42000
$38,240
208
1995 Romanée-Conti (6 bs)
$30000-45000
$35,850
233
2003 Romanée-Conti (3 mags)
$30000-45000
$35,850
321
1989 Château Pétrus (12 bs)
$26000-38000
$35,850
201
1990 Romanée-Conti (3 bs)
$28000-42000
$33,460
320
1989 Château Pétrus (12 bs)
$26000-38000
$33,460
361
1999 Domaine de la Romanée-Conti Assortment (12 bs)
$20000-30000
$33,460

Percent sold by lot: 100%
Hammer: $3,594,570
Total Aggregate: $4,295,511

2010 Auction Calendar
September 24-25, 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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