16 Oct Report on Last Live Auction & Announcing Late Spring Online Auction
The stagnant performance in global fine wine market in Q3 is an interesting trend we’re seeing here locally. With prices stabilising towards the end of this quarter, we’re seeing enticing opportunities for wine investors. When considering fine wine for an investment, this current dip may present attractive buying opportunities for those with a long-term horizon. We take great pleasure in presenting well considered auctions and always extend our expertise to our community; to provide an outlook towards the future, and help consignors and bidders leverage these conditions to sell or source exceptional wines.
In our Late Spring Live auction concluded a week ago, most of the classics from good vintages did exceptionally well — prices are recovering from recent dips and have been climbing steadily in past few months. From Bordeaux, 1986 Chateau Lafite-Rothschild took the highest hammer win at $2291.25, from the same vintage, 1986 Chateau Margaux achieved $1292.50, while 2008 Chateau Mouton Rothschild followed at $1010.50. As comparison, 1976 Chateau Mouton Rothschild sold for $587.50, and 2004 Chateau Palmer sold for $505.25.
Within Burgundy, 2009 Philippe Pacalet Gevrey Chambertin Lavaux St Jacques 1er Cru scored $470, followed by 2014 Domaine Anne Gros Echezeaux Les Loachausses Grand Cru at $411.25. 2005 Domaine Henri Gouges Nuits St Georges Les Vaucrains 1er Cru achieved $305.50, and 1990 Domaine Rene Leclerc Gevrey Chambertin Clos Prieur 1er Cru sold for $211.50.
Other highlights include 2014 E.Guigal La Mouline sold for $470, 1977 Graham’s Vintage magnum sold for $399.50, 2005 Te Mata Estate Coleraine magnum scored $387.75, 2006 Marchesi Antinori Tignanello achieved $387.75 and 2010 Destiny Bay Mystae sold for $258.50.
Our next online auction has already been published and we will be accepting bids from Wednesday the 18th. Browse the full auction catalogue and place your bids before Sunday October 29th on auctions.wineauctionroom.com.