13 Sep Report On August Auctions

Recent data shows that the global wine market closely tracks changes in interest rates, with investors responding quickly and without delay. This suggests a heightened sensitivity to economic conditions in the past four years. With central banks expected to lower interest rates soon, we anticipate that any rate cuts could boost returns in the wine market. We’ve already seen signs of this positive trend, both globally and in our recent auction results, particularly with multi-bottle lots..

 

In August, we hosted a Live Auction followed by its Buy Now auction and then a special single vendor auction Cellar of a Surgeon. Here below are some highlights from our August auctions.

 

 

Bordeaux once again led the show. 2008 Chateau Mouton Rothschild 1er Cru Classe sold for $963.50, 1996 Chateau Haut Brion 1er Cru Classe followed at $940, and 1998 Chateau Palmer 3eme Cru Classe sold for $470, both 2010 Chateau Pontet-Canet 5eme Cru Classe and 2010 Chateau Montrose 2eme Cru Classe sold for $376 while 2008 Vieux Chateau Certan reached $352.50.

 

Italy, another star region with steady rewarding ROI(return on investment). We had both 2019 Tenuta dell’Ornellaia and 2019 Tenuta San Guido Sassicaia sold for $411.25, and 2017 Marchesi Antinori Tignanello Toscana IGT reached $235. Many of our Italian collection came in multi-bottle lots, 4-bottle-lot of 2016 Conterno Fantino Sori Ginestra scored $658, and 3-bottle-lot of 2015 Elvio Cogno Barolo Vigna Elena sold for $528.75.

 

An icon from Spain, 2012 Vega Sicilia Unico Gran Reserva sold for $587.50 and 2016 Vega Sicilia Tinto Valbuena 5 magnum followed at $517.

 

From Antipodes, 2004 Penfolds Block 42 Kalimna sold for $705, while 2002 Penfolds Bin 707 sold for $329. 2015 Te Mata Estate Coleraine Scored $246.75, 2013 Te Mata Estate Coleraine magnum reached $364.25, while 2011 Craggy Range Sophia magnum sold for $235. Both 2013 Villa Maria Ngakirikiri and 2014 Esk Valley The Terraces sold for $141.

 

Some other bubbly highlights include,  2012 Dom Perignon Vintage Brut scored $399.50, 2009 Domaine Bruno Clavelier Chambolle-Musigny La Combe d’Orveaux 1er Cru Vieilles Vignes reached $376 while 2010 Domaine Francois Lamarche Echezeaux Grand Cru sold for $352.50, 2022 Kweichow Moutai Baijiu scored $423, great buys!

 

All prices include Buyers Premium excludes GST.

 

Our sincere thanks again to everyone who came into the sale room, and 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.