Hart Davis Hart Wine Co. Retains Status as Leader of the US Auction Market for the First Half of 2017

. June 27, 2017

June Auction Brings HDH’s US Auction Sales to $24M

(Chicago, IL) – In a monumental two-day sale this past weekend, Hart Davis Hart Wine Co. cemented its status as the #1 wine auction house in the US for the first half of 2017, exceeding its nearest competitor by over 40%. Thus far this year, HDH has sold 100% of the 8,322 lots offered for a total of $24.3 million. In addition, HDH leads the online wine auction market, having sold over $3.5 million in their mobile-only sales since January.

HDH’s record-breaking, 100% sold June auction realized $6 million in sales against pre-sale estimates of $3.9-5.9 million. The auction attracted interest from around the globe with bidders hailing from 41 states and five continents. While some participants traveled to Chicago to attend the sale in person, many more bid via Hart Davis Hart’s revolutionary auction website and mobile app. The mobile bidding platform was introduced in 2015 and has been an integral part of every HDH auction since. It allows users to place bids in real time from anywhere in the world—from the board room to the golf course. No other firm offers a remote bidding option that is as user-friendly, responsive, and functional.

The June sale featured 2,083 lots of incredible diversity and provenance. Over 50% of all lots met or exceeded their high-estimates, with many achieving astonishing prices. The strength of the Burgundy market was reflected in the sale as the 744 Burgundy lots sold for $2.5 million against presale estimates of $1.5-2.3. million. Rare White Burgundy performed extremely well—119 lots brought in $396,393 against pre sale estimates of $198,500-299,450. Five lots of Montrachet from Domaine Ramonet sold for $86,000 (est. $34,700-53,000), six bottles of 1992 Bâtard-Montrachet, Domaine Leflaive sold for $21,510 (est. $4,800-7,500), and 10 bottles of 2008 Meursault, Les Perrières, Coche-Dury sold for $20,315 (est. $11,000-17,000). Other Burgundy highlights included a three-magnum lot of 1996 Romanée-Conti which sold for $89,625, three bottles of 1999 Chambolle-Musigny, Les Amoureuses, Georges Roumier which sold for $8,962 (est. $3,800-5,500), and two bottles of 1991 Chambertin Armand Rousseau which sold for $10,755 ($6,000-9,000).

This auction also saw robust demand for Spanish and Rhône wines. Sales in the category shattered high estimates: Spanish wines brought in $194,426 against pre sale estimates of $124,320-185,140 while Rhône wines garnered $132,334 against estimates of $76,430-114,430.

Additional Highlights Include:
• 51 lots of Lafite sold for $306,099 (est. $185,780-280,300)
• 12 lots of Pétrus sold for $155,947 (est. $103,500-153,200)
• 28 lots of d’Yquem sold for $67,254 ( est. $40,800-60,950)
• 21 lots of Screaming Eagle sold for $122,965 (est. $81,500-122,500)
• 12 lots of Pingus sold for $64,052 (est. $40,050-$59,900)
• 10 lots of Domaine Leflaive sold for $34,117 (est. $12,700-$19,150)
• 42 lots of Georges Roumier sold for $138,381 (est. $74,880-110,750)
• 21 lots of Coche-Dury sold for $91,1178 (est. $50,850-$76,500)
• 15 lots of Bruno Giacosa sold for $38,299 (est. $21,750-$32,550)
• 52 lots of Domaine Dujac sold for $111,911 (est. $70,280-104,930)
• 24 lots of Domaine Leroy sold for $65,904 (est. $41,550-62,550)

As the #1 wine auction house in the US for the past five years, HDH has a proven track record of excellence, and continues to exceed its competition in terms of market share, auction size and sell-through rate. Hart Davis Hart’s 2017 auction season will resume in the fall, with a sale on the weekend of September 16th. In the interim, HDH will be a fantastic mobile-only auction on July 20th and 21st.

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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