18 Jun Report on June LIVE Auction & Announcing the Date of Next Online Auction
When we listen to various researchers and pay attention to industry reports (such as those from the Liv-ex index), we’re increasingly told that buying wine in the past three years has been more of an investment move than one for purely hedonist enjoyment. Ranging in returns, stability and paths to ownership, asset classes like fine wines are as aspirational as they are financially rewarding. This results in new communities where investors are more hands-on with their trading and ownership, and assets are more closely tied to their identity. Resistant to typical economic market trends, these assets are also offering growth where traditional markets stutter.
Here at The Wine Auction Room, we have been witnessing these exciting changes with first-hand and in-depth experiences. In our mid-winter Fine Wine auction last Tuesday, followed by its 36-hour Buy Now auction, we reached a record high sell-through rate of 96%. Sincere gratitude goes to our consignors, bidders, and lovely wine community for your continuous trust and support.
Bordeaux’s global trade share by value in 2021 was approximately 40% (according to Liv-ex trade data), well ahead of second-place Burgundy with 21.4%. This has also been reflected in our past auctions. Last Tuesday, 1988 Chateau Cheval Blanc Magnum took the highest single bottle hammer win at $1468.75, followed by 1993 Chateau Lafite Rothschild at $1081. Other Bordeaux highlights worth mentioning are: 2005 Chateau La Mission Haut Brion achieved $963.50; from the same vintage, both 2008 Chateau Latour and 2008 Chateau Mouton-Rothschild reached $916.50, while 2008 Chateau Haut Brion sold for $846.
One of the most rapidly growing ROI regions is undoubtedly Tuscany. 2006 Tenuta dell’Ornellaia Masseto was the prima donna, which made it to the top 3 single bottle hammer win list, reaching $1292.50. The 6-bottles 2004 Tenuta dell’Ornellaia OWC took the overall highest lot win at $4230.
Closer to home, we had the most heated bidding with Penfolds and our Kiwi wines. Penfolds never disappoints – 2004 Penfolds Block 42 took the highest hammer win for the Southern Hemisphere at $1175 (2004 Chateau Latour sold for $763.75), followed by 2004 Penfolds Bin 60A at $940. The 6-bottles lot of 2001 Penfolds Grange Bin 95 reached $4089. 1998 Te Mata Estate Coleraine and 2010 Stonyridge Vineyard Larose attracted most views and bids in this auction and sold for $293.75 and $223.25 respectively. Both 2007 and 2009 Ata Rangi Pinot Noir achieved $199.75.
Some bubbly highlights include the 2006 Louis Roederer Cristal Millesime magnum OWC achieving $1057.50, a 1985 Dom Perignon sold for $705, and a 1990 Dom Perignon got snapped at $505.25, great buys!
All prices include Buyers Premium excludes GST.
Our sincere thanks again to everyone who came into the saleroom, 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.
Our next auction will be an online event from midday Wednesday, June 22 to 7pm Sunday, July 3. The full catalogue will be published soon, so be sure to subscribe to our newsletter and keep yourself in the loop!