Wine & Spirits Prices Soared at HDH’s 100% Sold May Auction

. May 16, 2017

The Sale Brought in $6.9 Million against Pre-Sale Estimates of $4.5-6.7 Million

(Chicago, IL) – Hart Davis Hart Wine Co., the internationally renowned wine auction house and retailer, continued its success in 2017 with a tremendous May auction that brought in a total $6.9 million against pre-sale estimates of $4.5-$6.7 million. Held at the award-winning TRU restaurant in Chicago, the two-day sale saw 100% of its 2,439 lots sell. These record results were due to passionate bidding between buyers in the room and collectors throughout the globe using HDH’s state-of-the-art auction website and mobile app.

Nearly 60% of all lots in the two-day sale exceeded their high estimates, with many achieving extraordinary prices. Demand for Bordeaux remained strong, as wines from the region brought in over $2.8 million. Mature vintages of Mouton Rothschild, Pétrus, and Pichon-Longueville, Lalande fetched especially robust prices. Burgundy also fared particularly well in the May sale. 555 lots brought in $1.8 million against presale estimates of $1.1-1.6 million. Highlights included 3 bottles of 2010 Romanée-Conti which sold for $45,410 (est. $30,000-45,000), a case of 1993 Vosne-Romanée, Beaux Monts, Domaine Leroy which brought in $21,510 (est. $8,000-12,000), and six bottles of 2008 La Romanée, Comte Liger-Belair that garnered $16,730 (est. $9,000-14,000).

In addition to the fine French wines on offer, the sale included an impressive selection of California wines. Bidders competed aggressively for bottlings of Screaming Eagle which drove the 41 lots to bring in $191,798 against presale estimates of $115,450-173,850. Bidding was similarly fierce for Rye and Bourbon with 112 of the 159 lots exceeding their high estimates.

Other impressive highlights included:
• 328 lots of First Growth Bordeaux sold for $1.7 million (est. $1.1-1.4 million)
• 26 lots of Château Pétrus sold for $1.6 million (est. $1.1-1.6 million)
• 37 lots of Château La Mission Haut-Brion sold for $1.5 (est. $1-1.5 million)
• 60 lots of DRC sold for $532,671 (est. $336,600-500,300)
• 73 lots of Leroy sold for $313,329 (est. $179,120-266,770)
• 37 lots of Unico sold for $105,936 (est. $62,600-93,400)
• 77 lots of Harlan sold for $158,815 (est. $104,220-155,430)
• 89 lots of Van Winkle Whiskey sold for $138,823 (est. $86,830-128,420)

HDH is proud to offer the most accurate auction estimates in the industry. The fact that many estimates were exceeded in the May sale demonstrates the current strength of the fine wine market. HDH’s final auction of the season will take place on the weekend of June 24th and consignments are still being accepted through the end of this week. Now is the time to consign with the #1 wine auction house in the U.S. Please contact 312.379.8712 or email consignments@hdhwine.com for more information, or visit hdhwine.com

Category: Auction News

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