Burgundy Prices Soar Above Estimates as Hart Davis Hart Sells 100% of Lots for $4.4 MillionComments Off on Burgundy Prices Soar Above Estimates as Hart Davis Hart Sells 100% of Lots for $4.4 Million
Packed Saleroom and Strong Momentum Drive Record Prices; Direct Consignment from Hudelot-Noëllat Sells Over the High Estimate
(Chicago, IL) – Hart Davis Hart conducted the world’s largest Burgundy-only auction (year to date) on Saturday in Chicago and achieved astonishing results. “A Celebration of Burgundy” attracted bidders from all around the world, and the auction was 100% sold. At the end of the day $4,424,415 had been realized against a pre-sale estimate of $2,954,820-4,426,170.
Selections of DRC, Ponsot, Coche-Dury and Rousseau brought intense bidding and prices soared above the high end of the auction estimates, breaking numerous world-records. A case of 1991 Clos de la Roche, Vieilles Vignes, Domaine Ponsot smashed the record price when it hammered at $19,120, almost twice its estimated value of $7,000-10,000. Other top lots achieved world-record prices including four bottles of 1985 Clos de la Roche, Vieilles Vignes, Domaine Ponsot, realizing $17,925 against $7,500-11,000 estimate, and three bottles of 1991 Chambertin, Armand Rousseau, reaching $8,963 against $3,500-5,500.
The saleroom at award-winning TRU Restaurant was bustling with spirited bidders as well as special guests, Charles Van Canneyt of Hudelot-Noëllat & Chef Johan Bjorklund from Bistro de L’Hôtel de Beaune. A parcel of Hudelot-Noëllat, direct from the Domaine garnered top prices, with a Jeroboam of 2011 Richebourg selling for $3,585, more than doubling the estimate of $1,000-1,500, and a Jeroboam of 2011 Romanée-St.-Vivant selling for $3,585 (est. $1,000-1,500). Guests in attendance broke into applause for the acclaimed winemaker at the conclusion of his parcel.
Internet bidding on HDH Live was particularly active as enthusiastic participants from Asia, South America and the US competed against the room. Eager bidders participated from 30 states and the District of Columbia, as well as Puerto Rico, Australia, Brazil, Canada, China, Colombia, France, Hong Kong, Japan, Luxembourg, Macau, Malaysia, the Netherlands, the Philippines, Singapore, South Korea, Switzerland, Taiwan and the United Kingdom.
The top lots of the day were dominated by Domaine de la Romanée-Conti, with an assortment of 1990 reaching $41,825 (est. $32,000-48,000) and an assortment of 1999 attaining $35,850 (est. $28,000-42,000.) Six bottles of 1991 La Tâche, Domaine de la Romanée-Conti achieved $19,120 (est. $9,000-14,000).
“The weekend was packed with energy and excitement – Chef Johan’s cooking paired with wines from Hudelot-Noëllat provided for an exceptional pre-auction evening and lots of fun!” Remarked CEO Paul Hart. “Burgundy continued to generate excitement and strong prices. The outpouring of bids from around the globe was tremendous.”
Top Lots by Price (inclusive of 19.5% buyer’s premium):
Lot 1113: 1990 DRC Assortment (12 bs) (est. $32,000-48,000) $41,825
Lot 685: 1999 DRC Assortment (12 bs) (est. $28,000-42,000) $35,850
Lot 1026: 1999 Romanée-Conti, DRC (3 bs) (est. $24,000-35,000) $35,850
Lot 5: 1991 Romanée-Conti, DRC (3 bs) (est. $22,000-32,000) $31,070
Lot 1048: 1998 Romanée-Conti, DRC (3 bs) (est. $22,000-32,000) $28,680
Lot 699: 2000 DRC Assortment (12 bs) (est. $17,000-26,000) $26,290
Lot 1140: 2005 Corton-Charlemagne, Coche-Dury (12 bs) (est. $18,000-28,000) $26,290
Lot 1431: 1996 DRC Assortment (12 bs) (est. $20,000-30,000) $26,290
Lot 687: 2001 DRC Assortment (12 bs) (est. $20,000-30,000) $23,900
Lot 700: 2001 DRC Assortment (12 bs) (est. $20,000-30,000) $23,900
Percent sold by lot: 100%
Total Aggregate: $4,424,415
Low Pre-Sale Estimate: $2,954,820
High Pre-Sale Estimate: $4,426,170
May 18, 2013
June 29, 2013
September 21, 2013
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
For more information on Hart Davis Hart Wine Co. visit hdhwine.com