13 Apr Report on April Auction & Announcing The Date of May Auction
Recent figures suggest fine wine market prices have been stable over the past year, despite wider economic uncertainty, as many merchants and auction houses around the globe report strong demand from collectors. And that is no different here at The Wine Auction Room.
Last week at our April Live auction, a record number of bidders helped us achieve another great sale with an 89% sell-through rate.
It was Bordeaux that came out on top, with several iconic wines continuing to build on their already-impressive hammer prices. The highest hammer win of the auction was 1966 Chateau Lafite Rothschild magnum which sold for $1938.75. From the same chateau, 1995 Chateau Lafite Rothschild achieved $1151.50 and 1983 Chateau Lafite Rothschild sold for $1034, whereas another Pauillac legend — 1993 Chateau Mouton-Rothschild was snapped at $846, and 1981 Chateau Ausone achieved the same hammer price at $846, all great buys!
Champagne and Italy have performed particularly well in a resilient fine wine market in 2020, and they continued the climb in the first quarter of 2021. Champagne was the 100% sell-through region in our April Live auction. 2004 Krug Clos du Mesnil Blanc de Blancs achieved $1468.75, followed by 2004 Laurent Perrier Alexandra Grande Cuvee Rose at $528.75, 1982 Pol Roger Reserve Speciale achieved $481.75 and a magnum of NV Laurent Perrier La Cuvée sold for $176.25. 2000 Masseto Tenuta dell’Ornellaia sold for $893, which closely followed by 2003 Masseto Tenuta dell’Ornellaia at $881.25.
Here in the Southern Hemisphere, the 1979 Penfolds Grange Bin 95 led the show with $822.50, followed by the 1999 Henschke Hill Of Grace Shiraz at $763.75. From Shiraz to Syrah, 2014 Craggy Range Le Sol sold for $176.25.
Thanks again to everyone who came into the sale room last Tuesday, it was always a great pleasure to see you all in person, taste and chat about wine together, fun times! Thank you also to those of you who participated via online and phone bids, please feel free to give us feedback if there’s anything we could do to make it an even better experience for you.
Our next auction will be an online event from 12pm, Wed May 5 to 7pm Sun May 9. The May online auction catalogue will be published by the 23rd April so be sure to have a look and ‘watch-list’ your favourites.
As season changes, the humidity is going off the chart, have you checked your wine lately? Whilst temperature spike is the biggest concern when storing your wine, humidity could do no less harm. To ensure your wine is always in tip top condition contact the team at [email protected]
*Please note all prices quoted include the Buyer’s Premium.