22 Feb Report on Summer Live Auction and Reminder of Current Online Auction
The fine wine market’s dynamics, from Champagne’s subtle decline to Italy’s strong resilience, reflect the intricate interplay of supply, demand, and investor sentiment. Select Bordeaux and Burgundy producers saw strong demand in the early months of 2024, mirroring the broader economic narrative of cautious optimism and selective investment. As we move deeper into 2024, these patterns highlight the importance of strategic insight and adaptability in navigating both the fine wine market and the fluctuating global economic landscape.
Last Tuesday, we concluded our first live auction of 2024. It was a true delight having everyone back in the saleroom, and for the room to have the hum and buzz returned. For 6 months in a row, the Bordeaux sector has led the show and in this sale 2000 Chateau Mouton Rothschild achieved the highest hammer win at $1880 which marked the total lot value at $11280. 2008 Chateau Margaux sold for $1057.50, from the same vintage, Chateau Mouton Rothschild sold for $940, and 1981 Chateau Lafite Rothschild also got snapped at $940. Kiwi Bordeaux blends did quite well again, 2010 Stonyridge Vineyard Larose Imperial reached $1586.25, (6 bottle lot) 2012 Stonyridge Vineyard Larose sold for $1128 while 1988 Te Mata Estate Coleraine magnum hammered at $470, 2013 Destiny Bay Magna Praemia sold for $434.75 and 2013 Frenchmans Hill Estate White Horse reached $329.
For Rhone, 1998 M. Chapoutier Ermitage Le Pavillon double magnum scored $1762.50; both 2003 E. Guigal La Landonne and 2003 E. Guigal La Mouline sold for $940, 2010 E. Guigal La Turque followed at $822.50, and 2003 E. Guigal Ex-Voto sold for $763.75; 1995 M. Chapoutier Ermitage Le Pavillon reached the record high of $634.50, followed by 2013 Chateau de Beaucastel Hommage a Jacques Perrin Chateauneuf du Pape at $611.
Italy’s performance has been very steady with gradual increase in past three years. (6 bottle lot) 2005 Tenuta dell’Ornellaia scored $2467.50, both 2003 & 2005 Masseto Tenuta dell’Ornellaia sold for $1233.75, and 2002 Tenuta San Guido Sassicaia sold for $434.75.
Other highlights include (6 bottle lot) 2002 Concha y Toro Don Melchor scored $1128; 2010 Penfolds Grange Bin 95 sold for $881.25; 1992 Dom Perignon Rose Vintage Brut and 2020 Kweichow Moutai sold at the same price at $587.50.
All prices include Buyers Premium but exclude GST.
Our sincere thanks again to everyone who participated in this Live auction either in saleroom physically or 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 current online auction has been accepting bids from Wed, February 21 and will conclude at 7pm, Sun March 3. Check the full catalogue and register to bid, auctions.wineauctionroom.com
