08 Sep Report on Late Winter Online Auction & Announcing Spring Live Auction
It’s always interesting to watch international trading markets to help us understand trends in the local wine auction scene. Recently we’ve noticed international stock markets and risk assets remained strong, with declining inflation and positive economic growth on the horizon. In regional wine performance, the USA Index suffered, and some Champagne and Burgundy wines also experienced declines. However, the Italy Index remained relatively stable.
Our recent Late Winter Online Auction echoed these Italy Index trends when 1993 & 2004 Masseto Tenuta dell’Ornellaia sold at the same price; sharing the highest hammer win at $1410 each.
Bordeaux performance was steady as always. 2008 Chateau Lafleur sold for $1057.50, its 2007 vintage sold for $940 while (2 bottle lot) 2007 Chateau Angelus Demi sold for $587.50. 2003 Chateau Montrose 2eme Cru Classe jeroboam reached $1762.50 while (3 bottle lot) 2003 Pagodes des Cos sold for $352.50. Kiwi bordeaux blends did quite well again with (6 bottle lot) 2014 Stonyridge Vineyard Larose selling for $846 and 2010 Destiny Bay Magna Praemia scored $376.
For Rhone, 2003 E. Guigal Ex-Voto Ermitage sold for $763.75 and (2 bottle lot) 2003 E. Guigal Chateau d’Ampuis Cote Rotie sold for $540.50. Unsurprisingly, Penfolds Grange led the Shiraz/Syrah blends category again with its 2000 vintage selling for $587.50, while (2 bottle lot) 2014 Craggy Range Le Sol sold for $329.
Burgundian whites out-performed the reds for the first time. 2011 Domaine Leflaive Puligny Montrachet Clavoillon 1er Cru reached $705, while 2010 Domaine Vincent Dauvissat La Forest 1er Cru sold for $376. 2010 Domaine Taupenot Merme Charmes Chambertin Grand Cru sold for $411.25, from the same vintage and domaine, 2010 Domaine Taupenot Merme Mazoyeres-Chambertin Grand Cru sold for $352.50. We had mostly multi-bottle lots of Pinots from the rest of the world, with (3 bottle lot) 2018 Felton Road Block 5 Pinot Noir selling for $493.50 while (3 bottle lot) 2016 Dry River Pinot Noir sold for $299.65.
All prices include Buyers Premium but exclude GST.
Thanks again to all of our bidders, consignors, and friends from the lovely wine community for your continuous support.
Our next auction will be a Live sale at Caro’s Wines 14 Mackelvie Street, Grey Lynn from 6pm on 3rd of October. Be sure to subscribe to our newsletter and be the first to access the auction catalogue of future auctions. As usual, this auction will be streamed live on auctions.wineauctionroom.com and absentee bids are welcome before and during the auction.