First Half Auction Sales Up 42% as Hart Davis Hart Leads US Wine Auction Market

. June 26, 2018

(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 2018. Thus far this year, HDH has sold 100% of the 11,394 lots offered for a total of $34.4 million.

HDH’s record-breaking, 100% sold June auction realized $7.1 million in sales against pre-sale estimates of $4.4-6.6 million. The auction attracted interest from around the globe with bidders hailing from over 44 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 June sale featured 2,248 lots of incredible diversity and provenance. Over 65% of all lots sold above their high-estimates, with many achieving astonishing prices. The strength of the Burgundy market was reflected in the sale as the 754 Burgundy lots sold for $2.8 million against pre-sale estimates of $1.6-2.4 million. Of particular note was 12 bottles of 1991 Chambertin, Domaine Leroy which sold for a recording-breaking $95,600 (est. $24,000-35,000). Other Burgundy highlights included 6 magnums of 2015 Gevrey-Chambertin, Clos St-Jacques, Armand Rousseau which brought in $21,510 (est. $8,000-12,000); 6 bottles of 1990 La Tâche, Domaine de la Romanée-Conti which garnered $45,410 (est. $26,000-38,000); and 3 bottles of 2006 Romanée-Conti, Domaine de la Romanée-Conti which sold for $47,800 (est. $30,000-45,000).

We saw great demand for Red Bordeaux in the June auction as well, as 728 lots sold for $2.6 million against pre-sale estimates of $1.7-2.5 million. Highlights included 4 bottles of 1982 Château Lafleur which sold for $17,925 (est. $9,500-14,000); 12 bottles of 1982 Château Cheval Blanc which garnered $14,340 est. $7,500-11,000); and an imperial of 2005 Château Pétrus which brought in $31,070 (est. $18,000-28,000).

Additional highlights include:
• 34 lots of La Tâche sold for $420,760 (est. $252,200-371,500)
• 54 lots of Château Latour sold for $327,789 (est. $218,200-327,100)
• 37 lots of Château Lafite Rothschild sold for $296,958 (est. $191,150-285,850)
• 99 lots of Sine Qua Non sold for $221,948 (est. $127,360-189,180)
• 317 lots of California Cabernet Sauvignon & Meritage sold for $719,545 (est. $462,720-695,930)
• 105 lots of Italian Red sold for $198,251 (est. $124,550-185,100)
• 66 lots of Red Rhône sold for $174,470 (est. $113,780-169,700)

As the #1 wine auction house in the US for the past 6 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 2018 live auction season will resume in the fall, with a sale on the weekend of September 15th. In the interm, HDH will hold a fantastic mobile-only auction on July 19th and 20th.

If you are looking to make room in your cellar or are looking to capitalize on the current strength of the wine market by consigning a portion of your collection, please contact our Consignment Team at consignments@hdhwine.com or 312.379.8712.

For more information on Hart Davis Hart Wine Co. or to arrange a media visit, please contact Sophia Springer at 312.324.0951, sspringer@hdhwine.com or visit hdhwine.com

Category: Auction News

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