Hart Davis Hart Sells $4.3 Million at Auction Bringing Total Sales in the First Half of 2012 to $14.96 Million

(Chicago, IL) – Hart Davis Hart closed the first half of the year with a successful two-day auction this weekend, realizing $4,298,523 against a pre-sale estimate of $3,008,470-$4,298,523. Bidders participated from 36 states, the District of Columbia and Puerto Rico, as well as Australia, Brazil, Canada, China, France, Hong Kong, Japan, Macau, Mexico, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the United Kingdom.

Bidding for Burgundy was especially strong, with four bottles of 1980 Nuits-St.-Georges, Meurgers, Heni Jayer (estimate $2,400-$3,500) realizing $7,767.50, and a case of 1993 Echézeaux, Henri Jayer for Georges Jayer (estimate $15,000-$22,000) realizing $23,900.

“The market for top Burgundy remains strong and will continue to grow, given the limited quantities,” commented CEO Paul Hart.

In addition to the popular Bordeaux and Burgundy offerings, Hart Davis Hart sold 57 lots of Guigal’s single-vineyard Côte-Rôtie. This large collection totaling 666 bottles with vintages ranging from 1989 to 1999 realized a total of $301,499.

In the first half of 2012, Hart Davis Hart sold $14,962,731 over four auctions with a combined pre-sale estimate of $10,243,880-$15,286,208. Three of the four auctions were 100% sold, with the third sale at 99.9% by lot. With a mere 11 lots passing since 2010, the firm’s sell-through rate remains the highest in the industry – an important indicator of Hart Davis Hart’s ability to reach a global audience of top wine buyers.

Hart Davis Hart’s 2012 auctions will resume in the fall, with a spectacular sale on the weekend of September 15.

Top Lots (inclusive of 19.5% buyer’s premium):
Lot 678: 1990 DRC Assortment (12 bs) (est. $35,000-$55,000) $50,190
Lot 980: 1990 DRC Assortment (12 bs) (est. $35,000-$55,000) $47,800
Lot 1550: 1999 DRC Assortment (12 bs) (est. $30,000-$45,000) $35,850
Lot 981: 1996 DRC Assortment (12 bs) (est. $20,000-$30,000) $28,680
Lot 1195: 1996 La Tâche, DRC (12 bs) (est. $22,000-$32,000) $28,680
Lot 27: 1993 Echézeaux, Henri Jayer for Georges Jayer (12 bs) (est. $15,000-$22,000) $23,900
Lot 1194: 1995 La Tâche, DRC (12 bs) (est. $17,000-$26,000) $23,900
Lot 195: 1982 Château Lafite Rothschild (8 bs) (est. $19,000-$28,000) $23,900
Lots 1210, 1551: 2001 DRC Assortment (12 bs) (est. $19,000-$28,000) $23,900
Lot 26: 1988 Vosne-Romanée, Cros Parantoux, Henri Jayer (6 bs) (est. $15,000-$22,000) $22,705
Lot 684: 1989 Château Pétrus (6 bs) (est. $14,000-$20,000) $21,510

Sale Stats
Percent sold by lot: 100%
Total Aggregate: $4,298,523
Low Pre-Sale Estimate: $3,008,470
High Pre-Sale Estimate: $4,486,910

2012 Auction Calendar
September 15, 2012
October 27, 2012
December 8, 2012

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
• Consultation

For more information on Hart Davis Hart Wine Co visit hdhwine.com