09 May Report on Late Autumn Auction & Announcing the Date of Winter Live Auction

The fine wine market rally that had stretched back to mid-2020 has finally eased down. The up-and-down start to the year should not come as a surprise. Strong rallies are often followed by temporary slowdowns as buyers gauge the sustainability of the price rises of specific regions and wines. A regional rise or decline in one month often gave way to the reverse the next month, suggesting demand remained but was increasingly sensitive to price. Don’t forget to stay tuned with our auction reports and industry news that are regularly shared on our blog, as they often carry clues that could indicate a forecast on buyer behaviours and price increase/decrease patterns.

Last week, according to Liv-ex, Tuscany saw its trade share increase to 11.1% of total trade by value. Some of the most active wines from the region were Super Tuscans, Ornellaia, Sassicaia Tenuta San Guido and Bibi Graetz were among the most active wines. Here at TWAR, our Late Autumn Online Auction that wrapped up on the 30th of April saw 2006 Masseto Tenuta dell’Ornellaia took the highest hammer win at $1410; Its 1999 vintage followed at $1057.50. 1995 Bodegas Vega-Sicilia Único sold at the same price at $1057.50.

Few highlights worth mentioning that could represent each region, are 1999 Domaine Jean Grivot Echezeaux Grand Cru got snapped at $987 while 2002 Domaine Jean Grivot Vosne Romanee Les Beaux Monts 1er Cru sold for $587.50; 2008 Chateau Mouton Rothschild 1er Cru Classe sold for $940 while 2006 Chateau Ducru Beaucaillou 2eme Cru Classe got snapped at $282; 2015 Two Hands My Hands Shiraz reached $728.50 while 1998 Jim Barry Armagh sold for $352.50; 2004 Dom Perignon Vintage Brut Illumination and 2008 Dom Perignon Chef de Cave Legacy Edition went neck to neck at $481.75 and $470 respectively.

We had quite a few big formats in this collection again, 2000 Chateau Pape-Clement 1500ml reached $752, 2005 Providence Private Reserve Merlot/Cabernet Franc/Malbec 3000ml scored $634.50, 1989 Chateau de Beaucastel Chateauneuf du Pape 1500ml sold for $597.50 and 2014 Felton Road Block 3 Pinot Noir 1500ml reached $340.75.

Thanks again to all of our bidders, consignors, and friends from the lovely wine community for your continuous support.  Our next live auction is scheduled for May 30 and will be a virtual live/online auction.  Whilst the sale room will be closed, you can join the excitement of the sale as usual online, on the phone, or by placing your absentee bids early.  Littered with 100-point wines, this auction is not one to be missed.  Subscribe to our newsletter today to stay in the loop.