HDH #1 Wine Auction House in U.S. in 2016

. December 21, 2016

(Chicago, IL) – Hart Davis Hart capped 2016 with a massive three-day auction held on December 15th, 16th, and 17th. Over the course of seven auctions held this year, HDH garnered $48.88 million, making Hart Davis Hart the largest seller of fine wines at auction in the United States, surpassing their nearest competitor by nearly 50%.

Hart Davis HartThe prodigious December auction realized $9.5 million against presale estimates of $6.3–$9.4 million. 100% of the 4,324 lots were sold to over 600 bidders from around the globe. Over 45% of all lots met or exceeded their high-estimates, with many achieving astonishing prices. Red and White Burgundy performed particularly well – the 1723 lots sold for $3.8 million against presale estimates of $2.5-3.7 million. Highlights included six bottles of 1980 Clos de la Roche, Vieilles Vignes, Domaine Ponsot which brought in $23,900 (est. $10,000-15,000), a jeroboam of 2000 La Tâche which garnered $13,145 (est. $6,500-9,500), and two bottles of 1991 Chambertin, Armand Rousseau which sold for $8,963 (est. $4,000-6,000). Prized lots from the cellars of Dom Pérignon featuring their late release Champagnes also fared particularly well, with the 40 lots selling for $192,156 (est. $120,350-180,450).

The auction saw robust demand for Bourbon and Rye. Sales in each category shattered the high estimates. Bidding was similarly strong for mature Bordeaux, especially first-growths and top right bank Châteaux. Overall, the 784 Bordeaux lots brought in $2.1 million (est. $1.4-2.1 million). Barolo and Spanish wines also achieved very strong results.

HDH solidified its position as the #1 wine auction house in the U.S with this phenomenal sale. In addition, the firm achieved the industry’s highest sell-through rate – not one of the 17,152 lots offered this year was passed. HDH continues to lead the industry in terms of technology with thier remarkable online and mobile bidding platform. 2016 has brought many improvements for this platform including the development of an app for Android phones and various interface enhancements. By offering impeccably sourced wines, reaching global bidders, and providing the best service in the industry, HDH has once again achieved market-leading results.

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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 provide unrivaled expertise and personalized service to collectors and the wine trade, and offer a broad range of options for buying and selling wine. 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 Chelsea Ball at 312.667.1161, cball@hdhwine.com or visit hdhwine.com

Category: Auction News

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